OverviewSuggest Edit

Xero is a software company that develops cloud-based accounting software for small and medium-sized businesses. Its key features include automatic bank and credit card account feeds, invoicing, accounts payable, expense claims, fixed asset depreciation, purchase orders and standard business and management reporting. Xero can automatically import bank and credit card statements. It offers a free API that enables customers and 3rd-party software vendors to integrate external applications with Xero. The solution also supports multiple tax rates and currencies. All financial data is stored in the cloud on a single unified ledger, allowing users to work in the same set of books regardless of location or operating system.
TypePublic
Founded2006
HQWellington, NZ
Websitexero.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Feb 2019)2,302(+14%)
Job Openings109
Revenue (FY, 2018)$406.6 M(+38%)

Key People/Management at Xero

Steve Vamos

Steve Vamos

CEO
Sankar Narayan

Sankar Narayan

COO
Tony Stewart

Tony Stewart

CTO
Anna Curzon

Anna Curzon

Chief Partner Officer
Rachael Powell

Rachael Powell

Chief Customer and People Officer
Kirsty Godfrey-Billy

Kirsty Godfrey-Billy

CFO
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Xero Office Locations

Xero has offices in Wellington, Napier, Auckland, Omaha and in 22 other locations
Wellington, NZ (HQ)
19-23 Taranaki St
Auckland, NZ
1 Watt St
Napier, NZ
2 Bridge St
Brisbane, AU
3 99 Creek St
Canberra, AU
2 10 Rudd St
Hawthorn, AU
1 6 Elizabeth St
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Xero Financials and Metrics

Xero Revenue

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Xero's revenue was reported to be $406.58 m in FY, 2018 which is a 37.6% increase from the previous period.
USD

Revenue (FY, 2018)

406.6m

Revenue growth (FY, 2017 - FY, 2018), %

37.6%

Gross profit (FY, 2018)

330.3m

Gross profit margin (FY, 2018), %

81.2%

Net income (FY, 2018)

(27.8m)

EBIT (FY, 2018)

(28.7m)

Cash (30-Sep-2017)

23.3m

EV

2.7b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

70.1m123.9m207.1m295.4m406.6m

Revenue growth, %

77%67%43%38%

Cost of goods sold

24.5m37.4m49.9m69.4m76.2m

Gross profit

45.6m86.4m157.2m226.0m330.3m
Half Year
USDH1, 2016H1, 2017

Revenue

137.2m187.8m

Cost of goods sold

33.8m37.4m

Gross profit

103.4m150.4m

Gross profit Margin, %

75%80%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

14.9m58.9m39.0m27.7m

Accounts Receivable

3.7m5.7m8.7m11.8m

Current Assets

224.3m293.5m211.5m147.7m

PP&E

9.9m16.6m15.5m15.9m
Half Year
USDH1, 2017

Cash

23.3m

Current Assets

123.9m

PP&E

21.1m

Total Assets

285.3m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(34.7m)(69.5m)(82.5m)(69.1m)(27.8m)

Depreciation and Amortization

42.1m54.7m

Cash From Operating Activities

(21.0m)(38.6m)(34.8m)(4.4m)41.2m

Purchases of PP&E

(5.1m)(10.3m)(4.7m)(6.7m)(15.3m)
Half Year
USDH1, 2016H1, 2017

Net Income

(43.9m)(21.1m)

Cash From Operating Activities

(13.4m)6.1m

Purchases of PP&E

(2.3m)(9.7m)

Cash From Investing Activities

(32.4m)(40.7m)
USDY, 2018

Revenue/Employee

201.2k
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Xero Operating Metrics

Xero's Subscribers was reported to be 1.4 m in FY, 2018.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Subscribers

284 k475 k717 k1.04 m1.39 m

Annualized Committed Monthly Revenue

$93 m$159.34 m$257.90 m$359.70 m$484.42 m

ARPU

$27.30 $28 $30 $29 $29.10

Net Customer Additions

284 k191 k242 k318 k351 k
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Xero Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
MonchillaNovember 05, 2014$4.10 m
Monchilla, Inc.
Xero Australia Pty Limited
Xero, Inc.
Xero (NZ) Limited
Xero (Singapore) Pte. Ltd
Xero Trustee Limited
Xero (UK) Limited

Xero Revenue Breakdown

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Xero revenue breakdown by business segment: 98.7% from Subscription and 1.3% from Other

Xero revenue breakdown by geographic segment: 7.8% from North America, 19.6% from United Kingdom, 19.4% from New Zealand, 48.5% from Australia and 4.7% from Other

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Xero Online and Social Media Presence

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Xero Blogs

The power of community at Xero Roadshow Australia 2019

Xero’s Head of Community, Amanda Newton, reflects on her recent experience at the Xero Roadshow Australia 2019. From as far as Darwin to Adelaide, and as wide as Perth to Sydney, Amanda traveled across Australia to present our latest commitments to the community before almost 7,000 accountants and …

Celebrating #balanceforbetter with small business and tech leaders on International Women’s Day

At Xero, we have a strong focus on diversity and inclusion. We believe in creating a culture and environment where everyone feels like their voice and background matters. Last week, our Denver and San Francisco offices celebrated International Women’s Day with panel discussions that explored this y…

In conversation with…Alan Shaughnessy, Partner at DFS & Co

We’d like to introduce you to Alan Shaughnessy, Partner at Irish accountancy firm and Xero partner, DFS & Co. Despite starting up during the economic downturn of 2007, DFS & Co has been in business for a decade. The post In conversation with…Alan Shaughnessy, Partner at DFS & Co appeare…

Single Touch Payroll advisory badge: get ready and recognised

With Single Touch Payroll (STP) now a reality for Australian small businesses of all sizes, and the 1 July 2019 deadline for business owners to start reporting just months away, it’s time to get your clients STP ready. The post Single Touch Payroll advisory badge: get ready and recognised appeared …

Bricks and Clicks Episode 3: Creating ‘pop’ and getting paid

The retail businesses are getting right into the thick of it during episode three of the Kochie’s Business Builders docuseries Bricks and Clicks on Channel 7. They had an action packed day – covering everything from making their products pop online to tackling cash flow management. The post Bricks …

Challenging Expectations is The True Meaning of International Women’s Day

The broad participation of women in the workforce is still very new. In my grandparents generation, it was relatively rare for a woman to work outside of the home. In 1940, 25.4 percent of US women were “economically active.” By 1965, the number had grown to 38.9 percent. The post Challenging Expec…
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Xero Frequently Asked Questions

  • When was Xero founded?

    Xero was founded in 2006.

  • Who are Xero key executives?

    Xero's key executives are Steve Vamos, Sankar Narayan and Tony Stewart.

  • How many employees does Xero have?

    Xero has 2,302 employees.

  • What is Xero revenue?

    Latest Xero annual revenue is $406.6 m.

  • What is Xero revenue per employee?

    Latest Xero revenue per employee is $176.6 k.

  • Who are Xero competitors?

    Competitors of Xero include Paymetric, H&R Block and Gusto.

  • Where is Xero headquarters?

    Xero headquarters is located at 19-23 Taranaki St, Wellington.

  • Where are Xero offices?

    Xero has offices in Wellington, Napier, Auckland, Omaha and in 22 other locations.

  • How many offices does Xero have?

    Xero has 28 offices.