Zip (ASX:ZIP) share price jumps 5% on strong FY26 first quarter

The Zip Co Ltd (ASX: ZIP) share price has gone up more than 5% after its latest quarterly update.

Zip is one of the larger buy now, pay later businesses in Australia and the US.

FY26 first quarter

Zip reported total transaction value (TTV) increased by 38.7% year on year to $3.9 billion and total income grew by 32.8% to $321.5 million.

Income grew at a slower pace than TTV because the revenue margin declined to 8.2%, down from 8.6% a year ago. This was due to the higher contribution from the US.

Both customer and merchant numbers increased year on year. Active customers grew 5.3% to 6.4 million and merchants on Zip’s platforms increased 9.1% to 87,500.

The business also reported that net bad debt of TTV was maintained at 1.6%,…

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