SYDNEY, June 30, 2026, 06:04 AEST
- Zip Co Ltd ASX:ZIP ended Monday at A$3.13, gaining 8.68%. The S&P/ASX 200 Index (INDEXASX:XJO) moved up 0.68% to finish at 8,823.40.
- Zip said in its last buyback update it purchased 24,761,784 shares for A$49,999,991.18, or A$2.02 each.
- Zip ended Monday about 55% above the average price in its buyback. The company nearly hit its A$50 million cap, with just A$8.82 left unused.
- Zip’s April update pegged group net bad debts at 1.93% of TTV in 3Q26, up from 1.64% last year. The next share price test is credit.
ASX cash trading hadn’t started at the dateline. Pre-open is set by the exchange for 07:00 Sydney time, with regular trading slots from 09:59:45 through 16:00, according to the .
Zip Co Ltd ASX:ZIP closed Monday at A$3.13, booking a strong gain. But the big story sits in the buyback numbers, not the latest jump. The company’s announcements page listed two separate buyback updates dated June 29. No earnings update dropped on Monday.
Zip repurchased 24.76 million shares for just under A$50 million, the company said in its final notice. That’s 1.95% out of 1.27 billion securities listed in the filing. The average buyback price was A$2.019 per share, lower than Monday’s close.
| Buyback line | Figure | Market read |
|---|---|---|
| Shares repurchased | 24,761,784 | 1.95% of reported shares out |
| Total cash out | A$49,999,991.18 | Just A$8.82 short of the A$50 mln limit |
| Avg price per share | A$2.019 | Monday close up 55.0% |
| Max price paid | A$2.95 | Monday’s finish 6.1% above that |
| Min price paid | A$1.385 | Monday’s close now 126.0% higher |
This matters now that the company bid is done. The buyback was supposed to run until March 5, 2027, but Zip hit the limit and gave its final notice on June 29. Shares repurchased under the plan would be worth A$77.5 million at Monday’s close, compared with A$50.0 million paid.
Zip’s stock buyback cost rose as shares traded higher. By March 31, the company had repurchased 13.8 million shares for A$21.0 million. According to the June 29 update, Zip had purchased 23.95 million shares by the day before, and picked up another 807,238 shares on June 26.
| Notice point | Shares bought | Cash paid | Implied average |
|---|---|---|---|
| March 31 position | 13.8 mln | A$21.0 mln | A$1.52 |
| Before June 26 purchase | 23.95 mln | A$47.69 mln | A$1.99 |
| Final June 29 notice | 24.76 mln | A$50.00 mln | A$2.02 |
Zip’s February buyback announcement came with CEO Cynthia Scott saying it fit the company’s “capital management framework and objective to maximise shareholder value.” The notice also said the number of shares repurchased would depend on market conditions, Zip’s share price and what the business needed for capital.
Zip ended fifth among ASX 200 gainers on Monday, according to a published list. The broader index was up less than 1%.
| Security/index | Monday close | Move |
|---|---|---|
| Neuren Pharmaceuticals Ltd ASX:NEU | A$16.60 | up 36.07% |
| Life360 Inc (ASX:360) | A$26.27 | added 11.64% |
| Zip Co Ltd ASX:ZIP | A$3.13 | rose 8.68% |
| WiseTech Global Ltd ASX:WTC | A$33.82 | gained 7.19% |
| S&P/ASX 200 Index (INDEXASX:XJO) | 8,823.40 | moved up 0.68% |
Earnings matter more now. Zip posted 3Q26 cash EBTDA of A$65.1 million in April, a jump of 41.5%, with total transaction volume at A$4.0 billion. The company lifted its FY26 group cash EBTDA guidance to at least A$260.0 million.
Scott said in the update that Zip was “holding credit losses steady within our target range.” Credit risk hasn’t shifted much. Group net bad debts hit 1.93% of TTV in 3Q26, up from 1.64% a year ago, while Zip is guiding for US credit losses under 1.75% of TTV for 4Q26.
