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%)
Job Openings278
Revenue (FY, 2019)$552.8 M(+36%)
Share Price (Jun 2021)$129.4
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 Wellington, Auckland, Napier, Denver and in 12 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 3/17 Moore St
Melbourne, AU
1/6 Elizabeth St
Show all (17)

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 (4-Jun-2021)

19.2b

Closing stock price (4-Jun-2021)

129.4

Cash (30-Sept-2019)

110.9m

EV

19.6b
Xero's current market capitalization is $19.2 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

87/100

SecurityScorecard logo

Xero Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub 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

Learn more on Comparably

Xero Blogs

Build your brand with social media

The internet is where people are going to find you or your company and form their perceptions of your brand. So – what should you consider when building your brand on social media? The post Build your brand with social media appeared first on Xero Blog.

ApprovalMax: Streamline your budget and expense approvals

Xero connects with over 1,000 apps that help small businesses and their advisors succeed. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. The post ApprovalMax: Streamline your budget and expense approva…

The app updates Aussie small businesses need to know this EOFY

With the new financial year just around the corner, there’s never been a better time to stop and reflect. For some, this means figuring out where your business could use a bit of extra support to make FY22 your best year yet. The post The app updates Aussie small businesses need to know this EOFY a…

Break down barriers to seamlessly onboard clients to Xero

My Xero journey started long before I joined the company as a Partner Consultant last year. In fact it began back in 2014 as a Chartered Accountant at Old Mill where I attended a Xero Roadshow and was blown away by Xero’s fresh, bright, and positively different approach to bookkeeping. The post Bre…

Submit your ‘Emotional Tax Return’ claim for the chance to win

Starting a business has long been a great Australian dream, and there are few things more rewarding than working for yourself. But that’s not to say it comes without its challenges. The post Submit your ‘Emotional Tax Return’ claim for the chance to win appeared first on Xero Blog.

Leading innovation to drive small business economic recovery

Become 2021, sponsored by Mastercard and powered by The Harvard Business Review Analytic Services Business Innovation Index, recently interviewed business leaders from Australia and New Zealand companies to determine how they are innovating to better serve their customers. The post Leading innovati…
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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 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 12 other locations.

  • How many offices does Xero have?

    Xero has 17 offices.