Xero Limited (ASX: XRO)

Xero Limited Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	1,809	1,631	1,326	1,050	828.11	696.22
Other Revenue	101.13	83.01	73.61	47.2	20.68	22.01
Revenue	1,910	1,714	1,400	1,097	848.78	718.23
Revenue Growth (YoY)	23.96%	22.42%	27.63%	29.22%	18.18%	29.92%
Cost of Revenue	213.28	202.51	177.94	139.39	118.89	106.58
Gross Profit	1,697	1,511	1,222	957.43	729.89	611.65
Selling, General & Admin	775.8	726.36	639.91	549.83	410.29	401.83
Research & Development	555.44	526.18	490.05	372.02	249.53	178.26
Other Operating Expenses	-	-	-	-	4.38	-2.55
Operating Expenses	1,331	1,253	1,130	921.85	664.2	577.54
Operating Income	365.56	258.72	91.99	35.58	65.69	34.11
Interest Expense	-56.13	-44.51	-42.8	-36.11	-33.62	-34.31
Interest & Investment Income	84.75	67.48	29.12	4.08	5.16	13.43
Other Non Operating Income (Expenses)	-60.44	8.4	-4.54	-10.26	-9.99	-1.96
EBT Excluding Unusual Items	333.75	290.09	73.77	-6.7	27.23	11.26
Merger & Restructuring Charges	-0.88	-3.01	-34.69	-	-4	-
Impairment of Goodwill	-	-	-94.9	-20.38	-	-
Asset Writedown	-28.34	-24.48	-27.78	-4.31	-	-1.43
Other Unusual Items	25.22	-0.69	7.93	33.76	-67.17	-
Pretax Income	329.74	261.91	-75.68	2.36	-43.94	9.84
Income Tax Expense	114.09	87.27	37.86	11.48	-63.71	6.5
Earnings From Continuing Operations	215.65	174.64	-113.53	-9.11	19.77	3.34
Net Income	215.65	174.64	-113.53	-9.11	19.77	3.34
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.04
Net Income to Common	215.65	174.64	-113.53	-9.11	19.77	3.29
Net Income Growth	-	-	-	-	492.75%	-
Shares Outstanding (Basic)	152	151	150	148	144	141
Shares Outstanding (Diluted)	154	153	150	148	150	143
Shares Change (YoY)	1.90%	1.93%	1.11%	-1.01%	4.72%	2.84%
EPS (Basic)	1.42	1.15	-0.76	-0.06	0.14	0.02
EPS (Diluted)	1.41	1.14	-0.76	-0.06	-2.66	0.02
Free Cash Flow	715.5	585.17	383.7	217.34	207.55	152.76
Free Cash Flow Per Share	4.66	3.83	2.56	1.46	1.38	1.07
Gross Margin	88.83%	88.18%	87.29%	87.29%	85.99%	85.16%
Operating Margin	19.14%	15.10%	6.57%	3.24%	7.74%	4.75%
Profit Margin	11.29%	10.19%	-8.11%	-0.83%	2.33%	0.46%
Free Cash Flow Margin	37.46%	34.15%	27.41%	19.82%	24.45%	21.27%
EBITDA	377.16	272.33	105.7	49.51	77.61	46.17
EBITDA Margin	19.75%	15.89%	7.55%	4.51%	9.14%	6.43%
D&A For EBITDA	11.6	13.61	13.72	13.92	11.92	12.06
EBIT	365.56	258.72	91.99	35.58	65.69	34.11
EBIT Margin	19.14%	15.10%	6.57%	3.24%	7.74%	4.75%
Effective Tax Rate	34.60%	33.32%	-	485.70%	-	66.09%
Revenue as Reported	1,910	1,714	1,400	1,097	848.78	718.23

Source: S&P Capital IQ. Standard template. Financial Sources.