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

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, Seattle 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 Blogs

Introducing bills to mobile

One of the great things about you as Xero users is how openly you reach out with feedback and requests for new features. We take the time to read and understand all feedback we receive. The post Introducing bills to mobile appeared first on Xero Blog.

Congratulations to the winners of the Xero Americas Awards 2018!

As we kick off the new year, we want to spotlight the achievements of our bookkeeping, accounting, and ecosystem partners recognized in the Xero Americas Awards 2018. We’re grateful to everyone involved in the Xero community and want to thank you for your ongoing support. The post Congratulations t…

2019 in tech: What’s in store for the next twelve months?

2018 saw the launch of Amazon Go, which promised – and delivered – a checkout-free retail experience.  It saw Sony create a robot dog, for some reason. It saw Elon Musk…well, Elon Musk had a weird one. The post 2019 in tech: What’s in store for the next twelve months? appeared first on Xero Blog.

Here’s why 2019 will ‘make real waves’ for Aussie small businesses

This article first appeared on Yahoo Finance. Is 2019 shaping up to be a repeat of last on the key issues for small businesses, such as late payments, access to capital and digital processes? The post Here’s why 2019 will ‘make real waves’ for Aussie small businesses appeared first on Xero Blog.

Hubdoc announces the Top 50 Cloud Accountants of 2018wdxefcqufszuzezftuxetqsqxt

Celebrating advisors who work to empower small businesses has always been a shared passion of Xero and Hubdoc, as highlighted by Hubdoc’s recently announced Top 50 Cloud Accountants of 2018 in North America and Australia, and Xero’s soon to be announced 2018 Xero Awards. The post Hubdoc announces t…

What to expect in 2019 from Australian small business policy

Editor’s note: As we begin 2019, we wanted to get your thoughts on what to expect in the year ahead. So we’ve asked some of the most influential voices in accounting, bookkeeping, technology, and public policy to weigh in. The post What to expect in 2019 from Australian small business policy appear…
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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 Wellington, Napier, Auckland, Seattle and in 23 other locations.

  • How many offices does Xero have?

    Xero has 28 offices.