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.

Employee Rating

3.8More
TypePublic
HQWellington, NZ
Founded2006
Size (employees)2,021 (est)
Websitexero.com
Xero was founded in 2006 and is headquartered in Wellington, NZ
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Key People/Management at Xero

Steve Vamos

Steve Vamos

CEO
Sankar Narayan

Sankar Narayan

Chief Operating and Financial Officer
Tony Stewart

Tony Stewart

Chief Product, Platform and Data Officer
Anna Curzon

Anna Curzon

Chief Partner Officer
Rachael Powell

Rachael Powell

Chief Customer and People Officer
Kirsty Godfrey-Billy

Kirsty Godfrey-Billy

Chief Accounting Officer
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Xero Office Locations

Xero has offices in Singapore, Denver, Napier, Wellington and in 23 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

287.5k
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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 Company Life and Culture

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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 2,021 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 $201.2 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 Singapore, Denver, Napier, Wellington and in 23 other locations.

  • How many offices does Xero have?

    Xero has 28 offices.