Xero Limited (ASX:XRO)

Xero Limited Income Statement

Financials in millions NZD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	2,152	1,978	1,631	1,326	1,050	828.11
Other Revenue	148.76	124.47	83.01	73.61	47.2	20.68
Revenue	2,301	2,103	1,714	1,400	1,097	848.78
Revenue Growth (YoY)	20.46%	22.69%	22.42%	27.63%	29.22%	18.18%
Cost of Revenue	257.05	230.4	202.51	177.94	139.39	118.89
Gross Profit	2,044	1,872	1,511	1,222	957.43	729.89
Selling, General & Admin	1,002	891.81	726.36	639.91	549.83	410.29
Research & Development	668.52	617.8	526.18	490.05	372.02	249.53
Other Operating Expenses	-	-	-	-	-	4.38
Operating Expenses	1,671	1,510	1,253	1,130	921.85	664.2
Operating Income	373.24	362.64	258.72	91.99	35.58	65.69
Interest Expense	-90.29	-79.13	-44.51	-42.8	-36.11	-33.62
Interest & Investment Income	162.75	136.49	67.48	29.12	4.08	5.16
Currency Exchange Gain (Loss)	74.61	-	-	-	-	-
Other Non Operating Income (Expenses)	8.63	-51.86	8.4	-4.54	-10.26	-9.99
EBT Excluding Unusual Items	528.94	368.14	290.09	73.77	-6.7	27.23
Merger & Restructuring Charges	-49.85	-	-3.01	-34.69	-	-4
Impairment of Goodwill	-	-	-	-94.9	-20.38	-
Asset Writedown	-1.41	-3.04	-24.48	-27.78	-4.31	-
Other Unusual Items	-38.55	-2.44	-0.69	7.93	33.76	-67.17
Pretax Income	439.14	362.66	261.91	-75.68	2.36	-43.94
Income Tax Expense	171.63	134.85	87.27	37.86	11.48	-63.71
Net Income	267.51	227.82	174.64	-113.53	-9.11	19.77
Net Income to Common	267.51	227.82	174.64	-113.53	-9.11	19.77
Net Income Growth	24.05%	30.45%	-	-	-	492.75%
Shares Outstanding (Basic)	156	153	151	150	148	144
Shares Outstanding (Diluted)	159	155	153	150	148	150
Shares Change (YoY)	3.21%	1.12%	1.93%	1.11%	-1.01%	4.72%
EPS (Basic)	1.71	1.49	1.15	-0.76	-0.06	0.14
EPS (Diluted)	1.68	1.47	1.14	-0.76	-0.06	-2.66
EPS Growth	19.19%	28.95%	-	-	-	-
Free Cash Flow	952.04	798.54	585.17	383.7	217.34	207.55
Free Cash Flow Per Share	6.00	5.16	3.83	2.56	1.47	1.38
Gross Margin	88.83%	89.04%	88.18%	87.29%	87.29%	85.99%
Operating Margin	16.22%	17.25%	15.10%	6.57%	3.24%	7.74%
Profit Margin	11.63%	10.84%	10.19%	-8.11%	-0.83%	2.33%
Free Cash Flow Margin	41.38%	37.98%	34.14%	27.41%	19.82%	24.45%
EBITDA	388.22	376.21	272.33	105.7	49.51	77.61
EBITDA Margin	16.87%	17.89%	15.89%	7.55%	4.51%	9.14%
D&A For EBITDA	14.98	13.56	13.61	13.72	13.92	11.92
EBIT	373.24	362.64	258.72	91.99	35.58	65.69
EBIT Margin	16.22%	17.25%	15.10%	6.57%	3.24%	7.74%
Effective Tax Rate	39.08%	37.18%	33.32%	-	485.70%	-
Revenue as Reported	2,301	2,103	1,714	1,400	1,097	848.78

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.