Tyro Payments delivers $231.8M FY26 gross profit

• Tyro Payments reported full-year 2026 gross profit of $231.8 million and free cash flow of $29.4 million.
• The company met its financial guidance as earnings before interest, tax, depreciation, and amortisation grew 8.6%.
• Growth was driven by strong expansion in priority health markets and a 35% increase in banking accounts.

Tyro Payments (ASX:TYR) delivered full-year 2026 financial guidance as gross profit rose 5.3% to $231.8 million and normalised profit before tax climbed 40% to $24.7 million.

The result compares to the prior financial year, as free cash flow grew 49.5% to $29.4 million and total EBITDA increased 8.6% to $66.9 million.

"Our focus is to deepen our SME relationships, win more enterprise and franchise customers, and accelerate growth in health, eCommerce and banking," said Tyro CEO Nigel Lee.

Specific operational gains included a 26% rise in allied health volume, a 19% increase in dental volume, a 25% growth in e-commerce volumes, and a 27% increase in bank deposits.

Tyro stated that it enters the 2027 financial year with an improved outlook for growth as it deepens small business relationships and secures new enterprise customers.

Following the announcement, the Tyro Payments share price was down at $0.80.

The company has expanded its addressable market presence across Australia through customer additions, including Bakers Delight, Lune, and Drummond Golf.

Tyro has also broadened its core transaction and banking services through the strategic acquisition of financial management platform Thriday.