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.
Wellington, NZ
Size (employees)
1,681 (est)+109%
Xero was founded in 2006 and is headquartered in Wellington, NZ
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Key People/Management at Xero

Andy Lark

Andy Lark

Chief Marketing Officer
Rod Drury

Rod Drury

Chief Executive Officer and Executive Director
Tony Stewart

Tony Stewart

Chief Product, Platform and Data Officer
Sankar Narayan

Sankar Narayan

Chief Operating and Financial Officer
Anna Curzon

Anna Curzon

Chief Partner 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)
3 Market Lane
Auckland, NZ
1 Watt St
Napier, NZ
2 Bridge St
Wellington, NZ
19-23 Taranaki St
Brisbane, AU
3 99 Creek St
Canberra, AU
2 10 Rudd 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)

EBIT (FY, 2017)

(70.7 m)

Market capitalization (22-Mar-2017)

2.7 b

Closing share price (22-Mar-2017)


Cash (31-Dec-2017)

27.7 m
Xero's current market capitalization is $2.7 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017


70.1 m123.9 m207.1 m295.4 m

Revenue growth, %


Cost of goods sold

24.5 m37.4 m49.9 m69.4 m

Gross profit

45.6 m86.4 m157.2 m226 m
USDFY, 2014FY, 2015FY, 2016FY, 2017


14.9 m58.9 m39 m27.7 m

Accounts Receivable

3.7 m5.7 m8.7 m11.8 m

Current Assets

224.3 m293.5 m211.5 m147.7 m


9.9 m16.6 m15.5 m15.9 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Cash From Operating Activities

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

Purchases of PP&E

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

Cash From Investing Activities

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


303.2 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.
FY, 2014FY, 2015FY, 2016FY, 2017


284 k475 k717 k1.04 m

Annualized Committed Monthly Revenue

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


$27.30 $28 $30 $29

Net Customer Additions

284 k191 k242 k318 k
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Xero Acquisitions / Subsidiaries

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