Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
Zip Co Limited Buys Back 3 Million Shares in Latest On-Market Update
Highlights:
Zip Reports Latest Share Buy-Back Activity
Zip Co Limited (ASX: ZIP) has released a daily notification detailing the latest activity under its on-market share buy-back program. In an announcement dated 26 October 2026, the Australian financial technology company reported that it purchased 3 million ordinary fully paid shares on the previous trading day, 23 October 2026.
The latest update provides investors with details of the number of shares repurchased and the consideration paid. Zip's shares were recently quoted at AU$1.667, up AU$0.207 or 14.212% for the day, according to the supplied market data. Shares were quoted at AU$1.667, up AU$0.207 or 14.212%, based on the market data supplied.
AU$50 Million Buy-Back Programme
Zip initially announced the on-market buy-back on 20 August 2026, outlining plans to repurchase up to AU$50 million worth of ordinary shares. The program began on 14 September 2026 and is scheduled to run until 14 September 2027.
The company’s latest filing shows that 7,592,001 shares had been bought back before the previous day, followed by the additional 3 million shares purchased on 23 October. The total number of shares bought back has now reached 10,592,001.
The latest transaction involved a total consideration of AU$4,425,600, equivalent to an average purchase price of AU$1.4752 per share. The filing also states that the highest price paid for the shares purchased on the previous day was AU$1.525, while the lowest was AU$1.445.
Further Repurchases Remain Possible
Zip disclosed that 1,245,921,802 securities were on issue in the relevant class. The buy-back notification sets a maximum of 79,680,755 shares for repurchase, with 69,088,754 shares remaining under that limit at the end of the previous day.
Macquarie Securities (Australia) Limited is named as the broker handling the buy-back. The filing indicates that the purchases are being made for cash consideration and do not require security-holder approval.
What Investors Should Watch
The latest notification offers a snapshot of Zip’s capital management activity rather than an update to its earnings outlook. Investors may continue to monitor the pace of repurchases, the amount spent under the program and the company’s subsequent ASX disclosures. The buy-back remains in progress, with the company able to continue repurchasing shares within the disclosed program limits and timeframe.
Note: All data presented is based on information available at the time of writing.
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