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
HQWellington, NZ
Websitexero.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2020)3,055(+13%)
Revenue (FY, 2019)$552.8 M(+36%)
Share Price (Oct 2020)$103.2
Cybersecurity ratingAMore

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
Show more

Xero Office Locations

Xero has offices in Wellington, Auckland, Napier, Denver and in 14 other locations
Wellington, NZ (HQ)
181 Wakefield Street, Te Aro
Auckland, NZ
96 St Georges Bay Rd, Parnell
Napier, NZ
2 Bridge St, Ahuriri
Brisbane, AU
Edward St 243
Canberra, AU
level 5/17 Moore St
Melbourne, AU
1/6 Elizabeth St
Show all (21)

Xero Financials and Metrics

Xero Revenue

Embed Graph
View revenue for all periods
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 (2-Oct-2020)

14.8b

Closing stock price (2-Oct-2020)

103.2

Cash (30-Sept-2019)

110.9m

EV

15.2b
Xero's current market capitalization is $14.8 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
Show all financial metrics

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$257.90 m$359.70 m$484.42 m$638.20 m

ARPU

$27.30 $28 $30 $29 $29.10 $30.66

Net Customer Additions

284 k191 k242 k318 k351 k
Show all operating metrics

Xero Acquisitions / Subsidiaries

Company NameDateDeal Size
InstafileNovember 15, 2018£5.30 m
HubdocJuly 31, 2018$70 m
MonchillaNovember 05, 2014$4.10 m
WorkflowMaxFebruary 02, 2012
Monchilla, Inc.
Xero Australia Pty Limited
Xero, Inc.
Xero (NZ) Limited
Xero (Singapore) Pte. Ltd
Xero Trustee Limited
Show more

Xero Revenue Breakdown

Embed Graph

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

A

91/100

SecurityScorecard logo

Xero Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Xero Online and Social Media Presence

Embed Graph

Xero Company Culture

  • Overall Culture

    A+

    84/100

  • CEO Rating

    A+

    88/100

  • Compensation

    A

    83/100

  • Diversity

    A+

    85/100

Learn more on Comparably

Xero Blogs

How to prepare your business for the VAT domestic reverse charge

The VAT domestic reverse charge procedure is a new way of accounting for VAT in the construction industry. It is due to come into effect in the UK on 1 March 2021, having previously been delayed from 2019 and then October 2020 by HMRC. The post How to prepare your business for the VAT domestic reve…

Get ready for the VAT domestic reverse charge for Construction – coming soon

You may have heard of VAT domestic reverse charge (DRC) for the construction industry, which is new legislation currently due to come into effect in the UK on 1 March 2021, having previously been delayed from 2019 and then October 2020 by HMRC.  The post Get ready for the VAT domestic reverse charg…

Xero and Nedbank are set to launch South Africa’s first fully digital direct API bank feed

Now more than ever we need to work together to support South Africa’s small business community, which forms the backbone of our economy. 2020 was a tough year but we believe that with the right support and digital tools small businesses can and will recover.  The post Xero and Nedbank are set to la…

Navigate from Hubdoc to Xero and streamline your work

The new year is bringing Hubdoc and Xero even closer together. You’re now able to navigate directly from Hubdoc to the corresponding transaction in Xero to streamline your workflow.  All documents published to Xero from Hubdoc have a link in Hubdoc under the ‘publish details’ that allows you to cli…

Growing a retail business during a pandemic

Starting out in Wellington in 1991, Cranfields is a family business that’s home to a wide range of quality home interiors. Taking over the business from her mother three years ago, Nicola Cranfields had big aspirations to expand the business. The post Growing a retail business during a pandemic app…

Lessons from lockdown: Overcoming supply chain challenges

houseof is a lighting retailer, but that description alone undersells the incredible design that permeates the brand’s products. The company specialises in bold forms, creating striking lamps, wall lights and ceiling lights, all designed from scratch with a firm grasp of purpose and usage.   The po…
Show more

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 is Xero headquarters?

    Xero headquarters is located at 181 Wakefield Street, Te Aro, Wellington.

  • Where are Xero offices?

    Xero has offices in Wellington, Auckland, Napier, Denver and in 14 other locations.

  • How many offices does Xero have?

    Xero has 21 offices.