Zip Co - Public Comps and Valuation Multiples

Zip Co Overview

About Zip Co

Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip’s largest and fastest-growing segment.

Founded

2009

HQ

Employees

1.1K+

Website

zip.co

Sectors

BNPL
Lending Solutions
FinTech

Financials

LTM Revenue $784M

LTM EBITDA $123M

EV

$3.8B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Zip Co Financials

As of November 2025, Zip Co reported last 12-month revenue of $784M and EBITDA of $123M.

In the same period, Zip Co generated $357M in LTM gross profit and $52.7M in net income.

See Zip Co valuation multiples based on analyst estimates

Zip Co P&L

In the most recent fiscal year, Zip Co reported revenue of $702M and EBITDA of $223M.

Zip Co expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Zip Co valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$784M	XXX	$702M	XXX	XXX	XXX
Gross Profit	$357M	XXX	$437M	XXX	XXX	XXX
Gross Margin	46%	XXX	62%	XXX	XXX	XXX
EBITDA	$123M	XXX	$223M	XXX	XXX	XXX
EBITDA Margin	16%	XXX	32%	XXX	XXX	XXX
EBIT	$66.9M	XXX	$176M	XXX	XXX	XXX
EBIT Margin	9%	XXX	25%	XXX	XXX	XXX
Net Profit	$52.7M	XXX	$52.3M	XXX	XXX	XXX
Net Margin	7%	XXX	7%	XXX	XXX	XXX
Net Debt	XXX	XXX	$1.3B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Zip Co including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $784M. EBITDA for the last twelve months was $123M. In the most recent fiscal year, Zip Co achieved $702M in revenue and $223M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$784M	Analyst estimates available to subscribers	$702M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$357M	Analyst estimates available to subscribers	$437M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	45.6% gross margin	Analyst estimates available to subscribers	62.3% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$123M	Analyst estimates available to subscribers	$223M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	15.6% EBITDA margin	Analyst estimates available to subscribers	31.7% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$66.9M	Analyst estimates available to subscribers	$176M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	8.5% EBIT margin	Analyst estimates available to subscribers	25.1% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$52.7M	Analyst estimates available to subscribers	$52.3M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	6.7% net profit margin	Analyst estimates available to subscribers	7.5% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$1.3B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Zip Co

This financial data table provides comprehensive performance metrics for Zip Co, a company based in Australia. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Zip Co generated $784M in revenue over the last twelve months.
The company achieved $123M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $357M.
Net income over the last twelve months reached $52.7M.

Fiscal Year Performance

In the most recent fiscal year, Zip Co reported $702M in total revenue.
Fiscal year EBITDA was $223M.
The company maintained a gross profit margin of 62.3% in the most recent fiscal year.
EBITDA margin for the fiscal year was 31.7%.
Net profit margin reached 7.5% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Zip Co. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Zip Co Stock Performance

Zip Co has current market cap of AUD 3.8B (or $2.5B), and EV of AUD 5.8B (or $3.8B).

Market Cap Evolution

Zip Co Stock Data

As of December 3, 2025, Zip Co's stock price is AUD 3 (or $2).

See Zip Co trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$3.8B	$2.5B	XXX	XXX	XXX	XXX	$0.04

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Zip Co Valuation Multiples

Zip Co's trades at 6.0x EV/Revenue multiple, and 16.6x EV/EBITDA.

See valuation multiples for Zip Co and 15K+ public comps

Zip Co Financial Valuation Multiples

As of December 3, 2025, Zip Co has market cap of $2.5B and EV of $3.8B.

Equity research analysts estimate Zip Co's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Zip Co has a P/E ratio of 47.0x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$2.5B	XXX	$2.5B	XXX	XXX	XXX
EV (current)	$3.8B	XXX	$3.8B	XXX	XXX	XXX
EV/Revenue	4.9x	XXX	6.0x	XXX	XXX	XXX
EV/EBITDA	31.1x	XXX	16.6x	XXX	XXX	XXX
EV/EBIT	56.9x	XXX	23.5x	XXX	XXX	XXX
EV/Gross Profit	10.7x	XXX	n/a	XXX	XXX	XXX
P/E	47.0x	XXX	90.5x	XXX	XXX	XXX
EV/FCF	-126.4x	XXX	62.5x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Zip Co Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Zip Co Margins & Growth Rates

Zip Co's last 12 month revenue growth is 23%

Zip Co's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.

Zip Co's rule of 40 is 59% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Zip Co's rule of X is 73% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Zip Co and other 15K+ public comps

Zip Co Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	23%	XXX	24%	XXX	XXX	XXX
EBITDA Margin	16%	XXX	36%	XXX	XXX	XXX
EBITDA Growth	39%	XXX	-13%	XXX	XXX	XXX
Rule of 40	59%	XXX	59%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	73%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.6M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.2M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	4%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	37%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial