Why did the Zip share price just crash 20%?
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The Zip Co Ltd (ASX: ZIP) share price is taking a tumble today.
Shares in the S&P/ASX 200 Index (ASX: XJO) buy now, pay later (BNPL) stock closed yesterday trading for $3.27. In morning trade on Thursday, shares are changing hands for $2.63 apiece, down 19.57%.
For some context, the ASX 200 is up 0.2% at this same time.
The big move down follows the release of Zip’s second quarter results for the three months to 31 December (2Q FY 2025).
Read on for the highlights.
Sliding margins put Zip share price under pressure
The Zip share price is falling hard today despite the company delivering strong growth across most key financial metrics, demonstrating investors’ high expectations for the high-flying stock.
Zip…
