Zip Co Limited (ZIP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to Zip Code Limited Half Year 26 results. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press star followed by the number one on your telephone keypad. I would now like to hand the conference over to Director of Investor Relations and Sustainability, Vivian Lee. Please go ahead. Good morning and thank you for joining ZIP's 2026 Half Year Results Briefing. To open, I'd like to begin by acknowledging the traditional owners of the land on which we meet today, the Gadigal of the Eora Nation, and pay our respects to Elders past and present. This conference call is also being webcast and will be available on ZIP's website. I'm joined today by ZIP's Group CEO and Managing Director, Cynthia Scott. Group CFO, Gordon Bell, and US CEO, Joe Heck. We will start this call with some prepared remarks and then open up for Q&A. With that, I'll now hand over the call to Cynthia. Thanks, Vivienne, and good morning, everyone. On behalf of the ZIP team, we're pleased to be reporting another very strong set of results, delivering financial performance within each of our full-year guidance ranges provided in August. For the half, we delivered record cash earnings of $124.3 million and significant operating margin expansion underpinned by accelerated momentum across both markets. These results, together with 10 quarters of consistent group profitability, reinforced the strength of our platform and our ability to deliver long-term value creation. Zip today is a high-growth, efficient, and sustainably profitable business with clear strategic differentiators. We operate a scaled, two-sided network with strong customer engagement, growing mer...