Sydney, June 18, 2026, 09:03 AEST
- Zip ended Wednesday at A$2.90, up 0.69%, marking five straight sessions of gains. MarketScreener
- Zip US is set to roll out support for Stripe’s Shared Payment Tokens in its AI-assisted checkout, the company said. Zip
- Affirm and Klarna said in March they would also use Stripe’s system, which cuts into Zip’s early edge. Stripe
Zip Co Ltd heads into Thursday’s ASX open with five sessions of gains after its US business expanded a Stripe deal to feature AI-powered shopping. Zip’s shares finished Wednesday at A$2.90, having reached A$2.94 earlier. The cash market was still in pre-open at the dateline. Google
Zip has climbed 20.8% since closing at A$2.40 on June 10, but the stock is still down 11.3% this year. Zip beat the S&P/ASX 200 on Wednesday, with the benchmark up 0.54% to 8,966.30. Intelligent Investor
Zip said its US unit will back Shared Payment Tokens, which are limited-use digital permissions that let AI shopping agents make purchases without needing access to the customer’s payment credentials. “Our role is to ensure the answer is always the customer,” said Rory Herriman, Zip US technology and operating chief. Kevin Miller, who leads payments at Stripe, said the goal with the system is “helping businesses lift conversion while giving buyers more options in how they pay.” Zip
The announcement didn’t include a start date or say anything about financial terms or transaction volumes. Zip is trailing rivals here: Affirm in the US and Klarna in Sweden both said in March they were rolling out Stripe token integrations for their buy now, pay later products. Affirm Holdings, Inc.
Zip is rolling out its new product after reporting improved operating results. Third-quarter cash EBTDA came in at A$65.1 million, up 41.5%. The company lifted its FY26 forecast to at least A$260 million. Total transaction volume climbed 22.4% to A$4.0 billion. Net bad debts rose to 1.9% of volume from 1.6%. Chief Executive Cynthia Scott said Zip is achieving “increased profitability at scale.”
State Street’s stake dropped to 7.44% from 8.70%, according to a substantial-holder notice filed Tuesday. The disclosure covers managed, lent, and collateral securities, so the cut isn’t just a straight share sale. In other news, Zip said in its latest buyback update it had bought back roughly 19.5 million shares as of June 11.
Execution is still the main risk. Stripe gave no revenue numbers in its release, and other big BNPL players can use the same payment rails. Zip is still at risk from consumer defaults. Global X ETFs strategist Marc Jocum said after the company’s February earnings miss that “even minor disappointments in growth, guidance, or operational efficiency can trigger outsized reactions.” UBS analysts pointed to slower US customer growth and rising credit losses. Reuters
Zip will report FY26 results on August 20. That update will show if it can keep earnings above the A$260 million mark while pushing US transaction growth, and whether that is happening without another jump in bad debts. Zip
