Zip Valuation Multiples

Zip Overview

About Zip

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

BNPLConsumer FinanceOnline LendingFinTech

Financials (LTM)

Revenue: $862M

EBITDA: $133M

EV

$3B

Valuation Multiples

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Zip Financials

Zip reported last 12-month revenue of $862M and EBITDA of $133M.

In the same LTM period, Zip generated $396M in gross profit, $133M in EBITDA, and $66M in net income.

Zip P&L

In the most recent fiscal year, Zip reported revenue of $751M and EBITDA of $238M.

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

Zip Stock Performance

Zip has current market cap of $2B, and enterprise value of $3B.

Zip's stock price is $1.23.

Zip Valuation Multiples

Zip trades at 3.7x EV/Revenue multiple, and 24.2x EV/EBITDA.

Zip Financial Valuation Multiples

As of March 7, 2026, Zip has market cap of $2B and EV of $3B.

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

Zip has a P/E ratio of 23.8x.

Zip Margins & Growth Rates

Zip's revenue in the last 12 month grew by 23%.

Zip's revenue per employee in the last FY averaged $0.8M.

Zip's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Zip's rule of X is 72% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Zip Public Comps

See public comps and valuation multiples for other BNPL and Consumer Finance comps.

Zip M&A Activity

Zip acquired XXX companies to date.

Last acquisition by Zip was on XXXXXXXX, XXXXX. Zip acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Zip Investment Activity

Zip invested in XXX companies to date.

Zip made its latest investment on XXXXXXXX, XXXXX. Zip invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).