Zip Co Ltd's stock soared 5.07% during intraday trading on Wednesday, marking a significant upward movement for the buy-now-pay-later provider.

The surge appears to be driven by the company's release of a positive business insights report. Zip's "Inside the Wallet" report, covering the period from July 1 to December 31, 2025, revealed substantial year-on-year growth in key consumer spending categories processed through its platform.

The report highlighted a 44% increase in utilities spending and a 38% rise in health spending. Other notable growth areas included education spending, which grew 55%, and spending at hobby, toy, and game shops, which increased 57%. The data indicates robust engagement with Zip's services for managing everyday and recurring expenses, supporting the company's role in consumer budgeting and cash-flow management.