Zip (ASX:ZIP) makes A$167.4M in revenue in December quarter

More on:

Image Source: © Timonschneider |


  • Zip is making headlines as it shares its Q2 results for the period ending 31 December 2021.
  • Despite challenging situations, the company delivers record group quarterly revenue of AU$167.4 million (rise of 58% YoY).
  • The growth delivered by the company in the quarter is driven by customer & merchant acquisition, along with the increasing levels of engagement.

ASX-listed Australia based buy now, pay later (BNPL) operator Zip Co Limited (ASX:Z1P), on 20 January 2022, shared its Q2 results for the period ending 31 December 2021. The company revealed that despite challenging situations, Zip delivered another robust set of numbers with growth driven by customer and merchant acquisition, along with the increasing levels of engagement.

The BNPL provider has demonstrated powerful performance in countries like Australia, Canada, New Zealand, the United Kingdom, and the USA. The business has its presence in the Philippines, Poland, Saudi Arabia, Singapore, South Africa, Czech Republic, India and Mexico.

In its Q2 FY22 highlights, the company revealed:

  • Quarterly revenue of AU$167.4 million (up 58% YoY).
  • The quarterly transaction volume of AU$2.6 billion (up 53% YoY).
  • Transaction numbers for the quarter at AU$22.4 million (up 85% YoY).
  • Customer numbers increased to 9.9 million (up 57% YoY).
  • Merchants on the platform increased to 81.8k (up 110% YoY).
  • The Group achieved a target of over $50 million transaction volume a month from expansion markets (and Payflex) in both November as well as December.
  • Zip inked enterprise merchants including Footlocker, Swappa, Electronics Express, Mercari, Revolve, Nespresso, Virgin Australia, Shein, Driven Brands, Culture Kings, Under Armour Oscar Wylee and various others.
  • Zip concluded the acquisition of Twisto, besides the acquisition of Payflex, is expected to be completed in early 2022.
  • The company amended the Variable Funding Note (VFN), extending its maturity to March 2024. Increased the facility limit to AU$535.4million (from AU$513.7million).

Meanwhile, the stock was spotted trading 1.093% lower at AU$3.620 at 11:20 AM AEDT.


Commenting on this development, Zip’s Managing Director and Global CEO Larry Diamond said that the growing contribution from expansion markets is pleasing and should continue to build in the medium term in line with the company’s global strategy. Nonetheless, the company has said that it is well placed to continue the growth and momentum in 2022.



The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.