Zip Co Ltd (ASX: ZIP) shares soared 17.3% on Tuesday, hitting A$2.80, their highest level since January 30, after the buy-now-pay-later (BNPL) firm reported record half-year earnings fueled by surging U.S. growth and disciplined cost control.
Key Financial Highlights

Cash EBTDA: A$67.0 million (+117.1% YoY)
Total Transaction Volume (TTV): A$6.2 billion (+23.9% YoY)
Total Income: A$514 million (+19.8% YoY)
U.S. TTV Growth: +40.3% YoY, accounting for 70% of total TTV

Growth Drivers
CEO Cynthia Scott attributed the record results to strong U.S. consumer demand and disciplined execution. The company saw a 64% increase in in-store transactions during the holiday season, underscoring Zip’s growing market presence.
Meanwhile, the ANZ segment showed signs of recovery, with Australian TTV rising 10% in December.
Future Outlook
Zip reaffirmed its FY25 guidance, projecting a cash EBTDA of at least A$147 million. However, the company does not have a dividend policy in place.
For deeper insights into Zip’s full financials and key financial ratios, investors can analyze its performance trends and valuation metrics.
With strong momentum in the U.S. and continued execution of its strategy, Zip remains a key player in the BNPL sector heading into 2025.