Xero Ltd

XRO: XASX (AUS)

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Xero Earnings: Distraction in the US Is Causing Market to Overlook Valuable ANZ Business

Roy Van Keulen

May 14, 2026

Fiscal 2026 adjusted EBITDA increased 18% to NZD 757 million, driven by a 31% increase in revenue and margin compression from the Melio acquisition. Organically, adjusted EBITDA grew 30%. Shares fell sharply as competitor QuickBooks launched an integration with AI giant Anthropic.

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Xero Ltd

Xero Earnings: Distraction in the US Is Causing Market to Overlook Valuable ANZ Business

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