Zip : Q2 FY22 - Zip momentum continues
Z1P.AX
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20 January 2022
Q2 FY22 RESULTS UPDATE
Zip momentum continues
Zip Co Limited (ASX: Z1P) ("Zip", or the "Company") is pleased to announce today its Q2 results for the period ending 31 December 2021.
KEY HIGHLIGHTS (Q2 FY22)
1 Expansion markets include Canada, Mexico, Twisto (Poland and Czech Republic) and Spotii (UAE and KSA).
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CEO UPDATE
Zip Managing Director and Global CEO, Larry Diamond said:
"Some solid growth in the quarter as Zip delivered another very strong set of numbers. The business continues to execute on its strategy with growth driven by both customer and merchant acquisition, and the increasing levels of engagement as we pursue our mission of becoming the frst payment choice everywhere and every day. The growing contribution from expansion markets is pleasing and should continue to build in the medium term in line with Zip's global strategy. Despite external noise and challenges the business continues to deliver and we are very well placed to continue the growth and momentum in 2022."
BUSINESS PERFORMANCE
Zip continues to deliver with strong Q2 results across its BNPL operations in the United States, Australia, New Zealand, United Kingdom and Expansion Markets2:
Pro-forma fgures based on Zip's unaudited fnancials as of 31 December 2021.
Financial Performance2 (AUD)
Q2 FY22
QoQ
YoY
Revenue
$163.1m
19%
↑
58%
↑
USA
$79.1m
18%
↑
60%
↑
ANZ
$75.9m
18%
↑
45%
↑
UK
$2.1m
75%
↑
N/A
Expansion Markets1
$6.0m
30%
↑
107%
↑
Transaction Volume
$2,588.7m
30%
↑
55%
↑
USA
$1,161.2m
22%
↑
64%
↑
ANZ
$1,273.7m
39%
↑
40%
↑
UK
$32.3m
51%
↑
N/A
Expansion Markets1
$121.5m
33%
↑
118%
↑
only
Transactions
22.4m
32%
↑
85%
↑
USA
6.5m
23%
↑
55%
↑
ANZ
13.4m
43%
↑
106%
↑
UK
0.3m
50%
↑
N/A
Expansion Markets1
2.2m
5%↑
47%↑
use
Operational Performance2
As at
QoQ
YoY
31 Dec 2021
Customers3
9.9m
11%
↑
57%
↑
USA
5.7m
14%
↑
78%
↑
personalFor
ANZ
3.0m
3%
↑
20%
↑
UK
183.4k
47%
↑
N/A
Expansion Markets1
1.0m
11%↑
43%↑
Merchants4
81.8k
39%
↑
110%
↑
USA
18.5k
8%
↑
120%
↑
ANZ
40.2k
6%
↑
34%
↑
UK
0.4k
100%
↑
N/A
Expansion Markets1
22.7k
514%↑
3,683%
↑
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REGIONAL UPDATES
Zip US
All key operating metrics include Zip's BNPL operations in the US based on Zip's unaudited fnancials as of 31 December 2021.
Financial Performance2
Q2 FY22
QoQ
YoY
(USD)
Revenue
$57.6m
17%
↑
60% ↑
Transaction volume
$845.1m
20%
↑
63% ↑
Transactions
6.5m
23%
↑
55% ↑
Operational Performance2
As at
QoQ
YoY
31 Dec 2021
Customers3
5.7m
14%
↑
78%
↑
Merchants4
18.5m
8%
↑
120%
↑
Key highlights for the US include:
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physical card program. We will be looking to scale this program in Q3, signifcantly improving our in-store channel capabilities.
Zip ANZ
All key operating metrics include Zip's BNPL operations in Australia and New Zealand based on Zip's unaudited fnancials as of 31 December 2021.
Financial Performance2
Q2 FY22
QoQ
YoY
(AUD)
Revenue
$75.9m
18%
↑
45%
↑
Transaction volume
$1,273.7m
39%
↑
40%
↑
Transactions
13.4m
43%
↑
106%
↑
Operational Performance2
As at
QoQ
YoY
31 Dec 2021
Customers3
3.0m
3%
↑
20% ↑
Merchants4
40.2k
6%
↑
34% ↑
Credit Performance (AU)5
As at
As at
31 Dec 2021
30 Sep 2021
Arrears
1.64%
1.87%
Net Bad Debts
2.83%
2.44%
Receivables
$2,164.2m
$1,809.1m
Zip ANZ again delivered very strong results in what is typically a strong seasonal period, including in December when external COVID challenges signifcantly impacted the broader environment and general retail conditions.
Key highlights for Zip ANZ included:
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Disclaimer
Zip Co. Ltd. published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 21:55:17 UTC.