Xero
Financial Performance
Xero Revenue & Financials
Revenue
~$1.6B (FY2026)
Market Cap
$6.5B
Net Income
~$97.1M
Employees
4,400
What is Xero's revenue?
Xero had ~$1.6B in revenue for fiscal year 2026, up 30.9% from 2025. Net income was ~$97.1M.
- Latest revenue
- ~$1.6B (FY2026)
- Year-over-year
- +30.9%
- Growth rate (CAGR)
- 25.9% over 4 years
- Peak revenue
- ~$1.6B (FY2026)
- Years of data
- 5
- Employees
- 4,400
- How much profit does Xero make?
- Xero reported net income of ~$97.1M for fiscal year 2026. stockanalysis.com
- How many employees does Xero have?
- Xero has about 4,400 employees.
Financial Analysis
For the year ended 31 March 2026 Xero reported operating revenue of ~$1.59 billion (NZ$2.75 billion), up 31%, net profit of ~$96.9 million (NZ$167 million), down 27% because of Melio acquisition costs, and free cash flow of ~$321 million (NZ$554 million). Subscribers rose 11% to 4.92 million and average revenue per customer rose 23% to NZ$55.44.
Revenue Trend Analysis
YoY Change
+30.9%
4-Year CAGR
+25.9%
Peak Year
2026
Trend
Consistent Growth
Xero has 5 full fiscal year figures on this page, compounding at +25.9% annually over 4 years. The most recent year saw a 30.9% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$1.6B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$1.6B | ~$97.1M | +30.9% | Xero Limited (ASX:XRO) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | ~$1.2B | ~$132.1M | +22.7% | Xero Limited (ASX:XRO) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | ~$994M | ~$101.3M | +22.4% | Xero Limited (ASX:XRO) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | ~$811.9M | -~$65.8M | +27.6% | Xero Limited (ASX:XRO) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$636.2M | -~$5.3M | — | Xero Limited (ASX:XRO) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
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Xero Revenue and Financial FAQ
What was Xero's total revenue in fiscal year 2026?
In fiscal year 2026, Xero generated over NZ$2.75 billion (approximately A$2.5 billion) in annualized revenue, delivering strong double-digit growth driven by subscriber additions and ARPU increases.
What is Xero's software gross margin percentage?
Xero maintains an industry-leading software gross margin of 88.5%, reflecting the immense scalability and operational leverage of its cloud accounting infrastructure.
How does Xero perform on free cash flow generation?
Following structural efficiency and cost management programs implemented under CEO Sukhinder Singh Cassidy, Xero accelerated free cash flow to several hundred million dollars annually, consistently achieving the SaaS 'Rule of 40.'
What is Xero's geographic revenue split?
Australia and New Zealand (ANZ) represent Xero's most mature and profitable engine (generating ~55% of revenue), followed by the United Kingdom (~28%), North America (~10%), and the Rest of the World.
What is Annualized Monthly Recurring Revenue (AMRR) for Xero?
Xero's AMRR exceeds NZ$2.5 billion, providing multi-quarter financial predictability supported by monthly direct-debit subscription billing.
What is Xero's balance sheet cash and debt position?
Xero maintains a conservative balance sheet with over NZ$1.5 billion in cash, liquid investments, and undrawn debt facilities, balanced by low-coupon convertible senior notes.
Does Xero pay a dividend?
Xero does not currently pay a cash dividend, opting instead to reinvest all operating cash flow into product development, AI capabilities, and international market expansion.
How does customer retention impact Xero's long-term financial compounding?
With customer churn below 1% monthly across core markets, subscriber lifetime value exceeds NZ$15 billion, demonstrating durable, compounding recurring software cash flows.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Xero Revenue & Financials." CorpDigest, https://corpdigest.com/company/xero/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Xero reported ~$1.6B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/xero/financials" target="_blank" rel="noopener">CorpDigest — Xero financials</a></div>Related Financial Audits
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