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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 program of up to $50 million, set to commence on or about April 23, 2025, and last for up to 12 months. This move reflects Zip’s strong balance sheet and commitment to maximizing shareholder returns while maintaining the flexibility to pursue strategic growth opportunities. The buy-back aligns with Zip’s capital management framework, and the company retains the right to adjust the program based on market conditions and internal capital needs. The announcement also brings forward the release date of Zip’s 3Q FY25 Results Update to April 16, 2025.
More about Zip Co Ltd.
Zip Co Limited is a digital financial services company offering innovative, people-centered products. Operating primarily in Australia, New Zealand, and the United States, Zip provides point-of-sale credit and digital payment services, connecting millions of customers with a global network of merchants. Founded in 2013 in Australia, the company aims to offer fair, flexible, and transparent payment options to help customers manage their financial futures and support merchant growth.
YTD Price Performance: -56.59%
Average Trading Volume: 19,357,964
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.68B
For a thorough assessment of ZIP stock, go to TipRanks’ Stock Analysis page.