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Xero Limited (ASX:XRO)

ALERT: Price-sensitive ASX Announcement for XRO
Current share price for XRO : $69.720 -11.28 (-13.93%)+
Announcement
Release
14 May 2026 8:09AM
Price at Release
$81.000
Full Release
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Summary
Xero Limited delivered strong financial results for FY26, with a 31% increase in operating revenue to $2.8 billion and an 18% rise in adjusted EBITDA. The company added 506,000 new customers, boosting its total to 4.92 million, and achieved a 23% rise in average revenue per customer. Significant growth was observed in the US market, notably a 240% increase in revenue attributed to the acquisition of Melio. Xero launched several AI initiatives, such as XeroForce, and introduced a new Ultra plan for medium-sized businesses. The company provided FY27 guidance with expected revenues between $3,620 million and $3,730 million.
Key Points
  • Xero achieved a 31% increase in operating revenue, reaching $2.8 billion for FY26.
  • The company's adjusted EBITDA grew by 18% to $757.4 million.
  • Net customer additions were 506,000, bringing the total to 4.92 million.
  • Average revenue per customer rose by 23% to $55.44.
  • Market expansion was significant in the US with a 240% revenue growth driven by the acquisition of Melio.
  • Xero introduced AI initiatives, including XeroForce and enhanced AI features, expanding its technology capabilities.
  • A new top-tier plan, Ultra, is being beta tested in Australia to support medium-sized businesses.
  • Guidance for FY27 includes an expected operating revenue between $3,620 million and $3,730 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.