Xero Limited Income Statement

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

Millions NZD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	2,378	1,978	1,631	1,326	1,050
Other Revenue	375.42	124.47	83.01	73.61	47.2
Revenue	2,753	2,103	1,714	1,400	1,097
Revenue Growth (YoY)	30.93%	22.69%	22.42%	27.63%	29.22%
Cost of Revenue	444.46	230.4	202.51	177.94	139.39
Gross Profit	2,309	1,872	1,511	1,222	957.43
Selling, General & Admin	1,177	890.55	726.36	639.91	549.83
Research & Development	764.49	617.8	526.18	490.05	372.02
Operating Expenses	1,942	1,508	1,253	1,130	921.85
Operating Income	366.72	363.9	258.72	91.99	35.58
Interest Expense	-109.01	-79.13	-44.51	-42.8	-36.11
Interest & Investment Income	107.02	100.38	67.48	29.12	4.08
Currency Exchange Gain (Loss)	92.63	-	-	-	-
Other Non Operating Income (Expenses)	-60.93	-51.86	8.4	-4.54	-10.26
EBT Excluding Unusual Items	396.42	333.3	290.09	73.77	-6.7
Merger & Restructuring Charges	-50.6	-1.26	-3.01	-34.69	-
Impairment of Goodwill	-	-	-	-94.9	-20.38
Asset Writedown	-2.32	-3.04	-24.48	-27.78	-4.31
Other Unusual Items	-3.77	33.66	-0.69	7.93	33.76
Pretax Income	339.74	362.66	261.91	-75.68	2.36
Income Tax Expense	172.32	134.85	87.27	37.86	11.48
Net Income	167.42	227.82	174.64	-113.53	-9.11
Net Income to Common	167.42	227.82	174.64	-113.53	-9.11
Net Income Growth	-26.51%	30.45%	-	-	-
Shares Outstanding (Basic)	165	153	151	150	148
Shares Outstanding (Diluted)	176	155	153	150	148
Shares Change (YoY)	13.72%	1.12%	1.93%	1.11%	-1.01%
EPS (Basic)	1.02	1.49	1.15	-0.76	-0.06
EPS (Diluted)	-0.19	1.47	1.14	-0.76	-0.06
EPS Growth	-	28.95%	-	-	-
Free Cash Flow	923.75	798.54	585.17	383.7	217.34
Free Cash Flow Per Share	5.25	5.16	3.83	2.56	1.47
Gross Margin	83.86%	89.04%	88.18%	87.29%	87.29%
Operating Margin	13.32%	17.31%	15.10%	6.57%	3.24%
Profit Margin	6.08%	10.84%	10.19%	-8.11%	-0.83%
Free Cash Flow Margin	33.55%	37.98%	34.14%	27.41%	19.82%
EBITDA	393.05	377.46	272.33	105.7	49.51
EBITDA Margin	14.28%	17.95%	15.89%	7.55%	4.51%
D&A For EBITDA	26.33	13.56	13.61	13.72	13.92
EBIT	366.72	363.9	258.72	91.99	35.58
EBIT Margin	13.32%	17.31%	15.10%	6.57%	3.24%
Effective Tax Rate	50.72%	37.18%	33.32%	-	485.70%
Revenue as Reported	2,753	2,103	1,714	1,400	1,097

Source: S&P Global Market Intelligence. Standard template. Financial Sources.