Financials in USD. Standardized financial statements.
A compact view of how Xero Limited turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.97B | $1.91B | $1.71B | $1.40B | $1.10B | $848.78M | $718.23M | $516.11M | $375.69M | $278.14M |
| Revenue Growth? | +55.3% | +11.5% | +22.4% | +27.6% | +29.2% | +18.2% | +39.2% | +37.4% | +35.1% | 0.0% |
| Cost of Revenue? | $881.45M | $209.38M | $202.50M | $177.94M | $139.39M | $118.89M | $199.23M | $156.26M | $129.40M | $102.06M |
| Gross Profit? | $2.09B | $1.70B | $1.51B | $1.22B | $957.43M | $729.89M | $500.37M | $359.86M | $246.29M | $176.08M |
| Gross Margin? | +70.3% | +89.0% | +88.2% | +87.3% | +87.3% | +86.0% | +69.7% | +69.7% | +65.6% | +63.3% |
| Operating Expenses? | $1.69B | $1.63B | $1.26B | $1.16B | $771.87M | $668.20M | $469.63M | $364.40M | $280.15M | $243.79M |
| Operating Income? | $395.31M | $68.96M | $255.71M | $57.29M | $35.58M | $66.95M | $32.68M | $11.03M | -$17.96M | -$70.74M |
| EBITDA? | $811.93M | $697.39M | $510.98M | $105.70M | $49.51M | $77.61M | $141.17M | $71.02M | -$12.90M | -$30.49M |
| Income Before Tax | $366.22M | $329.57M | $261.91M | -$75.68M | $2.36M | -$44.52M | $9.84M | -$22.53M | -$22.05M | -$67.07M |
| Income Tax Expense | $185.75M | $122.54M | $87.27M | $37.85M | $11.48M | -$64.56M | $6.39M | $3.90M | $963,575 | $2.03M |
| Net Income? | $180.47M | $207.03M | $160.21M | -$113.53M | -$9.11M | $19.69M | $3.28M | -$27.14M | -$23.02M | -$70.70M |
| EPS? | $1.03 | $1.49 | $1.06 | $-0.76 | $-0.06 | $0.14 | $0.02 | $-0.19 | $-0.17 | $-0.46 |
| Diluted EPS? | $-0.21 | $1.47 | $1.05 | $-0.76 | $-0.06 | $-2.70 | $0.02 | $-0.19 | $-0.17 | $-0.46 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality