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The latest update is out from Zip Co Ltd. ( (AU:ZIP) ).
Zip Co Limited has announced an on-market share buy-back of up to $50 million of its ordinary shares, with the program expected to start around 6 March 2026 and run for up to 12 months. The scale and timing of purchases will depend on market conditions, the company’s share price and alternative uses of capital, with the buy-back capped at 10% of issued capital and prices limited to no more than 5% above the recent volume-weighted average price.
Management framed the buy-back as part of a disciplined and balanced capital management strategy aimed at maximising shareholder value while maintaining investment in growth and sustainable profitability. The move signals confidence in Zip’s balance sheet and long-term strategy, and indicates the company currently has surplus capital it is prepared to return to shareholders, which may support the stock and refine its capital structure over the next year.
The most recent analyst rating on (AU:ZIP) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Zip Co Ltd. stock, see the AU:ZIP Stock Forecast page.
More about Zip Co Ltd.
Zip Co Limited is a digital financial services company that offers point-of-sale credit and digital payment services across Australia, New Zealand and the United States. Founded in 2013 in Australia, it focuses on fair, flexible and transparent payment options, connecting millions of customers with tens of thousands of merchants and helping retailers grow their businesses.
Average Trading Volume: 15,851,707
Technical Sentiment Signal: Sell
Current Market Cap: A$3.32B
Find detailed analytics on ZIP stock on TipRanks’ Stock Analysis page.