Zip Co Limited provided operating guidance for 2020. In August 2019, Zip set itself a target of annualised transaction volumes at EOFY 2020, of $2.2 billion. Based on fourth quarter results, Zip announced it beat the TTV target, delivering $570 million in the final quarter, or $2.3 billion in annualised TTV. This is also prior to the acquisition of QuadPay, which post completion, would combine to more than $3.2 billion in annualised TTV on a pro forma basis.