XRO

Xero

Software & Services

Xero is a leading provider of cloud-based accounting software tailored for small businesses. It offers a comprehensive suite of financial management tools that streamline accounting processes, enhance financial visibility, and facilitate compliance. Xero's platform is known for its user-friendly interface and seamless integration with third-party applications, making it a preferred choice for smal...

Accounting Software

Cloud Services

Small Business

Financial Technology

Shorted

short percentage0.92%

reported shorts1.6M

shares on issue169.912M

About

website

xero.com

industry

Software & Services

address

19-23 Taranaki Street, Te Aro, ., WELLINGTON, ., NEW ZEALAND, 6011

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Industry & Focus

Accounting Software

Cloud Services

Small Business

Financial Technology

ASX

Company Overview

AI-generated company summary

Company History

Xero was founded in 2006 in Wellington, New Zealand, by Rod Drury and Hamish Edwards. The company quickly gained traction by offering a cloud-based alternative to traditional accounting software. In 2012, Xero expanded its operations to the United States and the United Kingdom, marking a significant milestone in its international growth. Over the years, Xero has continued to innovate and expand its product offerings, becoming a major player in the global accounting software market.

Competitive Advantages

Xero's competitive advantages include its robust cloud-based platform that offers real-time financial data access and collaboration. The software's ease of use and integration capabilities with over 800 third-party applications provide significant value to small businesses. Additionally, Xero's strong brand reputation and global presence enhance its competitive positioning in the market.

Risk Factors

•Intense competition from other accounting software providers
•Dependence on internet connectivity for cloud services
•Potential cybersecurity threats and data breaches

Recent Developments

Last 6 months

In the past six months, Xero has continued to expand its product offerings and partnerships, enhancing its platform's capabilities. The company has also focused on improving its machine learning and AI features to provide more predictive insights for users.

Key People

Leadership team at Xero

Steve Vamos

CEO

Steve Vamos has been the CEO of Xero since 2018, bringing over 30 years of experience in technology and digital transformation. He has held leadership roles at Microsoft, Apple, and IBM.

Kirsty Godfrey-Billy

CFO

Kirsty Godfrey-Billy joined Xero as CFO in 2018. She has extensive experience in financial management and has previously worked in senior finance roles at PwC and Telecom New Zealand.

Financial Reports

9 reports available

Appendix 4D & FY26 Interim Report

Half Year ResultsNov 13, 2025via asx_announcements

FY25 Annual Results Investor Presentation

Financial ReportMay 15, 2025via asx_announcements

FY25 Annual Results Market Release

Financial ReportMay 15, 2025via asx_announcements

Appendix 4E & FY25 Annual Report

Annual ResultsMay 15, 2025via asx_announcements

Appendix 4D & FY25 Interim Report

Half Year ResultsNov 14, 2024via asx_announcements

Climate Appendix to FY24 Annual Report

Annual ReportMay 23, 2024via asx_announcements

FY24 Annual Results Investor Presentation

Financial ReportMay 23, 2024via asx_announcements

FY24 Annual Results Market Release

Financial ReportMay 23, 2024via asx_announcements

FY24 Annual Report and Appendix 4E

Annual ResultsMay 23, 2024via asx_announcements