Yesterday, Zip Co Ltd (ASX: ZIP) shares have crashed following the company’s half-year FY26 results announcement.
At the close of the ASX on Thursday afternoon, Zip shares were 33.87% lower at $1.865 a piece.
Yesterday’s crash means the stock is now 42.97% lower for the year-to-date and 26.57% below where it was this time last year.
Image source: Getty Images
Why is the share price crashing today?
Zip delivered a record result but investors were spooked by a number of the company’s metrics. Zip’s revenue margin declined 7.9%, net bad debts increased slightly to 1.73% of TTV.
The company also said it expected its second-half cash EBITDA is expected to be broadly in line with the first half. This suggests that profit growth could…
