Zip Co Ltd

ZIP: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Zip: Initiating Coverage With a No-Moat Rating and a Fair Value Estimate of AUD 3.50

Nathan Zaia , Oriana Pham

Nov 5, 2025

We initiate coverage on Zip, a major buy now, pay later company in Australia that has expanded into the US. Zip has benefited from the growth of e-commerce and from those in younger demographics who are either unable to access credit or view traditional credit cards as complicated and expensive.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

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Zip Co Ltd

Zip: Initiating Coverage With a No-Moat Rating and a Fair Value Estimate of AUD 3.50

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