Xero Ltd
ASX:XRO

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Xero Ltd
ASX:XRO
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Price: 150.28 AUD 1.4% Market Closed
Market Cap: 22.9B AUD
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Xero Ltd?
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Income Statement

Earnings Waterfall
Xero Ltd

Revenue
1.7B NZD
Cost of Revenue
-202.5m NZD
Gross Profit
1.5B NZD
Operating Expenses
-1.2B NZD
Operating Income
267m NZD
Other Expenses
-92.4m NZD
Net Income
174.6m NZD

Income Statement
Xero Ltd

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Income Statement
Currency: NZD
Sep-2008 Mar-2009 Sep-2009 Mar-2010 Sep-2010 Mar-2011 Sep-2011 Mar-2012 Sep-2012 Mar-2013 Sep-2013 Mar-2014 Sep-2014 Mar-2015 Sep-2015 Mar-2016 Sep-2016 Mar-2017 Sep-2017 Mar-2018 Sep-2018 Mar-2019 Sep-2019 Mar-2020 Sep-2020 Mar-2021 Sep-2021 Mar-2022 Sep-2022 Mar-2023 Sep-2023 Mar-2024
Revenue
Revenue
1
N/A
1
+83%
2
+91%
3
+62%
6
+71%
10
+67%
14
+42%
20
+43%
28
+43%
39
+36%
53
+36%
72
+36%
96
+34%
124
+30%
162
+31%
207
+28%
251
+21%
295
+17%
346
+17%
407
+18%
475
+17%
553
+16%
635
+15%
718
+13%
789
+10%
849
+8%
945
+11%
1 097
+16%
1 250
+14%
1 400
+12%
1 541
+10%
1 714
+11%
Gross Profit
Cost of Revenue
0
0
0
0
0
0
0
0
0
0
(10)
(25)
(32)
(37)
(42)
(50)
(59)
(69)
(73)
(75)
(82)
(91)
(97)
(107)
(115)
(119)
(126)
(139)
(160)
(178)
(192)
(203)
Gross Profit
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
20
N/A
47
+132%
63
+34%
87
+39%
120
+37%
157
+31%
192
+22%
226
+18%
273
+21%
331
+21%
393
+19%
462
+18%
538
+17%
612
+14%
674
+10%
730
+8%
819
+12%
957
+17%
1 090
+14%
1 222
+12%
1 349
+10%
1 511
+12%
Operating Income
Operating Expenses
(7)
(8)
(10)
(13)
(16)
(18)
(21)
(28)
(41)
(55)
(68)
(85)
(112)
(162)
(215)
(248)
(277)
(297)
(316)
(352)
(400)
(452)
(508)
(578)
(596)
(668)
(797)
(891)
(1 010)
(1 124)
(1 204)
(1 244)
Selling, General & Administrative
0
0
0
0
0
0
0
0
0
0
(30)
(67)
(85)
(115)
(152)
(175)
(197)
(200)
(200)
(219)
(252)
(291)
(327)
(372)
(362)
(383)
(458)
(514)
(580)
(603)
(654)
(687)
Research & Development
0
0
0
0
0
0
0
0
0
0
(9)
(18)
(28)
(31)
(50)
0
(64)
(59)
(64)
(68)
(79)
(85)
0
(110)
(126)
(160)
(198)
(245)
(289)
(319)
(322)
(318)
Depreciation & Amortization
(1)
(1)
(1)
(1)
(2)
(1)
(1)
(2)
(3)
(5)
0
0
0
(17)
(12)
(27)
(18)
(39)
(53)
(65)
(70)
(76)
(86)
(98)
(108)
(121)
(141)
(162)
(183)
(208)
(232)
(248)
Other Operating Expenses
(7)
(7)
(9)
(11)
(14)
(17)
(20)
(27)
(38)
(50)
(30)
0
1
0
(1)
(46)
1
1
1
0
1
(0)
(94)
3
(0)
(4)
0
31
42
6
4
8
Operating Income
(7)
N/A
(7)
-4%
(8)
-7%
(10)
-23%
(10)
-8%
(8)
+19%
(7)
+13%
(9)
-19%
(12)
-42%
(16)
-32%
(26)
-60%
(38)
-48%
(49)
-28%
(75)
-54%
(95)
-26%
(91)
+4%
(85)
+6%
(71)
+17%
(42)
+40%
(21)
+52%
(7)
+68%
10
N/A
30
+206%
34
+12%
78
+129%
62
-21%
22
-65%
67
+206%
80
+20%
98
+22%
145
+48%
267
+85%
Pre-Tax Income
Interest Income Expense
1
1
1
1
1
1
1
1
1
2
2
4
7
8
8
10
4
4
1
(1)
(8)
(10)
(20)
(21)
(27)
(28)
(111)
(37)
(34)
(14)
6
23
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
(2)
(18)
(19)
(2)
(1)
(0)
0
(3)
(25)
(48)
(157)
(131)
(27)
Total Other Income
0
(0)
(0)
0
0
0
0
0
0
0
0
0
(1)
0
1
0
(1)
0
0
(1)
0
(5)
0
(2)
0
(77)
0
(2)
0
(2)
0
(1)
Pre-Tax Income
(6)
N/A
(7)
-11%
(7)
-4%
(8)
-18%
(9)
-11%
(7)
+20%
(6)
+14%
(8)
-22%
(11)
-42%
(14)
-29%
(23)
-64%
(34)
-45%
(42)
-23%
(67)
-62%
(86)
-28%
(81)
+6%
(81)
0%
(67)
+17%
(43)
+37%
(24)
+44%
(33)
-38%
(23)
+30%
8
N/A
10
+23%
51
+414%
(44)
N/A
(92)
-109%
2
N/A
(2)
N/A
(76)
-2 961%
19
N/A
262
+1 246%
Net Income
Tax Provision
0
0
0
0
0
0
0
(0)
(0)
(0)
(1)
(1)
(1)
(2)
(3)
(2)
(1)
(2)
(2)
(1)
(1)
(4)
(5)
(7)
(14)
64
71
(11)
(17)
(38)
(63)
(87)
Income from Continuing Operations
(6)
(7)
(7)
(8)
(9)
(8)
(7)
(8)
(11)
(15)
(24)
(35)
(43)
(70)
(89)
(82)
(82)
(69)
(45)
(25)
(34)
(27)
3
3
36
20
(21)
(9)
(19)
(114)
(43)
175
Net Income (Common)
(6)
N/A
(7)
-11%
(7)
-4%
(8)
-18%
(9)
-11%
(8)
+19%
(7)
+13%
(8)
-22%
(11)
-42%
(15)
-29%
(25)
-70%
(36)
-44%
(43)
-21%
(70)
-62%
(89)
-29%
(82)
+8%
(82)
+1%
(69)
+16%
(45)
+35%
(25)
+44%
(34)
-36%
(27)
+20%
3
N/A
3
+21%
36
+994%
20
-46%
(21)
N/A
(9)
+56%
(19)
-112%
(114)
-488%
(43)
+62%
175
N/A
EPS (Diluted)
-0.11
N/A
-0.12
-9%
-0.11
+8%
-0.1
+9%
-0.1
N/A
-0.08
+20%
-0.07
+13%
-0.08
-14%
-0.11
-38%
-0.13
-18%
-0.19
-46%
-0.28
-47%
-0.34
-21%
-0.55
-62%
-0.66
-20%
-0.6
+9%
-0.6
N/A
-0.5
+17%
-0.32
+36%
-0.18
+44%
-0.25
-39%
-0.19
+24%
0.02
N/A
0.02
N/A
0.25
+1 150%
0.14
-44%
-0.14
N/A
-0.06
+57%
-0.13
-117%
-0.76
-485%
-0.3
+61%
1.14
N/A

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