Is the Zip (ASX:Z1p) share price a buy now or buy later?

The Zip Co Ltd (ASX: Z1P) share price has been pummelled in recent weeks, does that make it a buy now or buy later?

The Zip share price has actually fallen by almost 40% since 16 February 2021. That’s an even stronger decline than what has happened to Afterpay Ltd (ASX: APT) over the same time period.

Since the start of the decline, Zip has reported its FY21 half-year result, so let’s look at those numbers:

FY21 half-year report

Zip reported that in the six months to 31 December 2020 it delivered record transaction volume (TTV) of $2.3 billion, which was up 141% year on year. Zip said that this is now annualising at more than $7.5 billion as at December 2020.

The increase in TTV led to revenue growing by 130% year on year to…