Xero is a software company that develops cloud-based accounting software for small and medium-sized businesses. The Company's 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 Company 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.
Wellington, NZ
Size (employees)
807 (est)+35%
Xero was founded in 2006 and is headquartered in Wellington, NZ
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Key People/Management at Xero

Rod Drury

Rod Drury

Chief Executive Officer / Executive Director
Andy Lark

Andy Lark

Chief Marketing Officer
Tony Stewart

Tony Stewart

Chief Data Officer
Duncan Ritchie

Duncan Ritchie

Chief Platform Officer
Sankar Narayan

Sankar Narayan

Chief Operating and Financial Officer
Anna Curzon

Anna Curzon

Chief Partner Officer
Rachael Powell

Rachael Powell

Chief People Officer
Kirsty Godfrey-Billy

Kirsty Godfrey-Billy

Chief Accounting Officer

Xero Office Locations

Xero has an office in London, Auckland, Hawthorn, Sydney and in 22 other locations
Wellington, NZ (HQ)
3 Market Lane
Auckland, NZ
2 125 St Georges Bay Rd
Auckland, NZ
1 Watt St
Wellington, NZ
181 Wakefield St
Wellington, NZ
42-52 Willis St
Brisbane, AU
3 99 Creek St
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Xero Financials and Metrics

Xero Financials

Xero's revenue was reported to be $295.39 m in FY, 2017 which is a 42.7% increase from the previous period.

Revenue (FY, 2017)

295.4 m

Revenue growth (FY, 2016 - FY, 2017), %


Gross profit (FY, 2017)

226 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

(69.1 m)

EBITDA (FY, 2017)

(28.6 m)

EBIT (FY, 2017)

(70.7 m)

Market capitalization (3-Mar-2017)

2.7 b

Closing share price (3-Mar-2017)


Cash (4-Feb-2018)

27.7 m
Xero's current market capitalization is $2.7 b.
NZDFY, 2015FY, 2016FY, 2017


124 m207.1 m295.4 m

Revenue growth, %


Cost of goods sold

36.7 m49.9 m69.4 m

Gross profit

87.3 m157.2 m226 m
NZDFY, 2015FY, 2016FY, 2017


58.9 m39 m27.7 m

Accounts Receivable

21.5 m27.1 m32.8 m

Current Assets

293.5 m211.5 m147.7 m


16.6 m15.5 m15.9 m
NZDFY, 2015FY, 2016FY, 2017

Net Income

(69.5 m)(82.5 m)(69.1 m)

Cash From Operating Activities

(38.6 m)(34.8 m)(4.4 m)

Purchases of PP&E

(10.3 m)(4.7 m)(6.7 m)

Cash From Investing Activities

(49.8 m)(53.8 m)(66.4 m)
NZDY, 2017


419.3 k

Financial Leverage

1.3 x
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Xero Operating Metrics

Xero's Subscribers was reported to be 1 m in FY, 2017. Xero's Transactions' Volume was reported to be $1.4t in FY, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017


$27.30 $28 $30 $29

Annualized Committed Monthly Revenue

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


180 180

Net Customer Additions

284 k191 k242 k318 k
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