5 August 2021FY21 FULL YEAR RESULTSA TRANSFORMATIONAL YEAR AS...

5 August 2021
FY21 FULL YEAR RESULTS
A TRANSFORMATIONAL YEAR AS ZIP GOES GLOBAL
Zip Co Limited (ASX: Z1P) (“Zip”, or the “Company”) is pleased to announce today its
full-year results for the year ended 30 June 2021.
A transformational year saw Zip emerge as a truly global player and included the
following Key Highlights.
KEY HIGHLIGHTS (FY21)
1
● Record revenue of $403.2m, up 150% YoY.
● Record transaction volumes of $5.8b, up 176% YoY.
● Record transaction numbers of 41.3m, up 293% YoY.
● Customer numbers increased to 7.3m, up 248% YoY.
● Merchants on Zip’s integrated network increased to 51.3k, up 109% YoY.
● Growth continues to accelerate in FY22 - FY22 year-to-date
2 transaction
volumes up 58% YoY in AU, and up 240% YoY in the US.
● Delivered revenue as percentage of transaction volumes of 7.0%.
● Maintained strong unit economics while investing for, and delivering, strong
growth – Cash Transaction Margin of 3.5%.
● Delivered strong credit performance in light of Covid-19 driven by repeat
customer usage and investments in our proprietary decisioning capabilities. Net
bad debts as a percentage of transaction volumes were 1.28%.