Zip Posts 147% Earnings Growth, Plans Nasdaq Dual Listing

Zip Co Ltd reported a substantial 147% increase in cash earnings to A$170.3 million for the fiscal year ending June 2025, driven by strong growth in its US business and improved operating efficiencies. The company’s total transaction volume rose 30.3% to A$13.1 billion, with its US segment outperforming the broader BNPL market, recording a 41.6% increase in TTV to US$6 billion and an 11% rise in active customers. Zip is considering a dual listing on the Nasdaq to capitalize on growing US investor interest, where approximately 80% of its earnings are generated, while maintaining its primary listing on the Australian Securities Exchange. The company’s growth in non-discretionary categories such as grocery, health, and education, along with increased in-store spending boosted by its physical card, has contributed to its strong performance. Zip’s stock has reacted positively to this news, with shares surging as much as 24%, reflecting investor confidence in its financial turnaround and growth prospects. The proposed Nasdaq listing aims to maximize long-term shareholder value and support Zip’s expansion in the key US market.