Xero lifts full-year revenue to $1.7B
Key points
- Xero reported $1.7 billion in first-half revenue alongside an upgraded full-year outlook and a new share buy-back program.
- The board approved an on-market share buy-back program of up to $1 billion over the next 12 months.
- Growth was driven by customer additions, higher average revenue per user, and expanding multi-product adoption across core global markets.
Xero (ASX:XRO) grew first-half fiscal 2027 revenue by 46% to $1.7 billion and announced a share buyback.
Adjusted earnings before interest, taxes, depreciation, and amortisation rose 3% to $362 million compared to the previous period.
“Our H1 FY27 results show we’re continuing to do what we said we’d do, delivering strong macro-resilient growth at scale,” said Xero CEO Sukhinder Singh Cassidy.
The board approved an on-market share buy-back program of up to $1 billion over the next 12 months.
Following the announcement the Xero share price was unchanged at $70.86.
The software firm attributed revenue performance to subscriber additions and higher average revenue per user across Australia, the UK, and the US.
The business continues to execute its multi-year strategy to scale cloud accounting products and broaden its global software platform.
