OverviewSuggest Edit

Xero is a 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 others. The company serves construction, e-commerce, healthcare, farming, manufacturing, tourism, real estate industries as well as cafes, franchises, creatives, and global small businesses.
TypePublic
Founded2006
Websitexero.com
Employee Ratings4.2
Overall CultureA-

Latest Updates

Employees (est.) (Jun 2020)3,055(+13%)
Job Openings406
Revenue (FY, 2019)$552.8 M(+36%)
Share Price (Sept 2021)$147.5(-1%)
Cybersecurity ratingBMore

Key People/Management at Xero

Steve Vamos

Steve Vamos

CEO
Anna Curzon

Anna Curzon

Chief Product Officer
Lee Hatton

Lee Hatton

Non-Executive Director
Steven Aldrich

Steven Aldrich

Non-Executive Director
Kirsty Godfrey

Kirsty Godfrey

Chief Financial Officer
Susan Peterson

Susan Peterson

Non-Executive Director
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Xero Office Locations

Xero has offices in Denver, San Francisco, Brisbane, Canberra and in 12 other locations
Brisbane, AU
Edward St 243
Canberra, AU
Level 3/17 Moore St
Melbourne, AU
1/6 Elizabeth St
Perth, AU
156 St Georges Terrace
Sydney, AU
Level 7/219 Castlereagh St
Sydney, AU
suite 1 level 8/66 Clarence St
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Xero Financials and Metrics

Xero Revenue

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Xero's revenue was reported to be $552.82 m in FY, 2019 which is a 36% increase from the previous period.
NZD

Revenue (H1, 2020)

338.7m

Gross profit (H1, 2020)

288.5m

Gross profit margin (H1, 2020), %

85.2%

Net income (H1, 2020)

1.3m

EBIT (H1, 2020)

14.7m

Market capitalization (14-Sept-2021)

22.7b

Closing stock price (14-Sept-2021)

147.5

Cash (30-Sept-2019)

110.9m

EV

23.1b
Xero's current market capitalization is $22.7 b.
Annual
NZDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

70.1m123.9m207.1m295.4m406.6m552.8m

Revenue growth, %

77%67%43%38%36%

Cost of goods sold

24.5m37.4m49.9m69.4m76.2m90.9m

Gross profit

45.6m86.4m157.2m226.0m330.3m461.9m
Half Year
NZDH1, 2016H1, 2017H1, 2019H1, 2020

Revenue

137.2m187.8m256.5m338.7m

Cost of goods sold

33.8m37.4m44.3m50.1m

Gross profit

103.4m150.4m212.3m288.5m

Gross profit Margin, %

75%80%83%85%
Annual
NZDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

14.9m58.9m39.0m27.7m21.0m121.5m

Accounts Receivable

3.7m5.7m8.7m11.8m5.5m7.1m

Current Assets

224.3m293.5m211.5m147.7m118.0m586.6m

PP&E

9.9m16.6m15.5m15.9m21.2m91.5m
Half Year
NZDH1, 2017H1, 2019H1, 2020

Cash

23.3m21.2m110.9m

Current Assets

123.9m658.1m646.4m

PP&E

21.1m73.1m92.3m

Total Assets

285.3m996.4m1.1b
Annual
NZDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(34.7m)(69.5m)(82.5m)(69.1m)(27.8m)(27.1m)

Depreciation and Amortization

42.1m54.7m17.9m

Cash From Operating Activities

(21.0m)(38.6m)(34.8m)(4.4m)41.2m114.2m

Purchases of PP&E

(5.1m)(10.3m)(4.7m)(6.7m)(15.3m)(15.7m)
Half Year
NZDH1, 2016H1, 2017H1, 2019H1, 2020

Net Income

(43.9m)(21.1m)(28.6m)1.3m

Cash From Operating Activities

(13.4m)6.1m36.0m71.5m

Purchases of PP&E

(2.3m)(9.7m)(6.9m)(5.3m)

Cash From Investing Activities

(32.4m)(40.7m)(76.1m)(66.7m)
NZDFY, 2014

Financial Leverage

1.1 x
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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, 2018FY, 2019

Subscribers

284 k475 k717 k1.04 m1.39 m

Annualized Committed Monthly Revenue

$93 m$159.34 m$257.9 m$359.7 m$484.42 m$638.2 m

ARPU

$27.3$28$30$29$29.1$30.66

Net Customer Additions

284 k191 k242 k318 k351 k
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Xero Acquisitions / Subsidiaries

Company NameDateDeal Size
PlandayMarch 04, 2021€155.7 m
InstafileNovember 15, 2018£5.3 m
HubdocJuly 31, 2018$70 m
MonchillaNovember 05, 2014$4.1 m
WorkflowMaxFebruary 02, 2012
Monchilla, Inc.
Xero Australia Pty Limited
Xero, Inc.
Xero (NZ) Limited
Xero (Singapore) Pte. Ltd
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Xero Revenue Breakdown

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Xero revenue breakdown by business segment: 97.4% from Subscription and 2.6% from Other

Xero revenue breakdown by geographic segment: 5.4% from Rest of World, 8.0% from North America, 21.6% from United Kingdom, 17.7% from New Zealand and 47.3% from Australia

Xero Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Xero Online and Social Media Presence

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Xero Company Culture

  • Overall Culture

    A-

    77/100

  • CEO Rating

    A+

    100/100

  • Compensation

    D+

    58/100

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Xero Blogs

What I put into practice after attending the Xero Roadshow

Guest post written by Ryan Hoult. Ryan is our newest Canadian Xero Ambassador and Managing Partner of Rice & Company LLP hails from Calgary and is a passionate supporter of ongoing education. The post What I put into practice after attending the Xero Roadshow appeared first on Xero Blog.

An enhanced Square + Xero integration has arrived

We’re excited to let you know that Amaka (one of our trusted app partners) has built a new Square + Xero integration that offers a number of new features. These include the ability to easily reconcile Square sales in Xero, capture point-of-sale transactions, and accept Square payments on Xero invoi…

Xero launches leadership podcast: ‘What Led You Here’

The essential lesson of the pandemic might well be how much we all need and value connection, togetherness and shared experience. At Xero, we look for ways to stay connected to our community and share information and stories that we believe will inspire and drive change. The post Xero launches lead…

Celebrating Hispanic Heritage Month at Xero

Today marks the start of Hispanic Heritage Month in the United States where we’ll be honoring the cultures and contributions of Hispanic and Latin Americans. We will also celebrate our heritage rooted in all Latin American countries. The post Celebrating Hispanic Heritage Month at Xero appeared fir…

Xerocon New Orleans 2022: Laissez les bon temps rouler; let the good times roll…soon!

If I can think of one word to describe the last 19 months, it would be resilience. As a community of advisors and small businesses, we supported each other, and we endured. The post Xerocon New Orleans 2022: Laissez les bon temps rouler; let the good times roll…soon! appeared first on Xero Blog.

Product, Practice Growth and Platform: Hear it all at Xero Roadshow Asia 2021

The past year has seen us shift so many of the ways we live and work, with conferences moving online and our daily commute becoming a shuffle from the bedroom to the dining table. The post Product, Practice Growth and Platform: Hear it all at Xero Roadshow Asia 2021 appeared first on Xero Blog.
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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, Anna Curzon and Lee Hatton.

  • How many employees does Xero have?

    Xero has 3,055 employees.

  • What is Xero revenue?

    Latest Xero annual revenue is $552.8 m.

  • What is Xero revenue per employee?

    Latest Xero revenue per employee is $181 k.

  • Who are Xero competitors?

    Competitors of Xero include Bench, H&R Block and Sage.

  • Where are Xero offices?

    Xero has offices in Denver, San Francisco, Brisbane, Canberra and in 12 other locations.

  • How many offices does Xero have?

    Xero has 17 offices.