Sydney, February 23, 2026, 17:57 AEDT — Market closed.
- Xero shares fell with a broader pullback in Australian technology stocks.
- The company flagged its FY27 investor calendar, while markets digested fresh U.S. tariff uncertainty.
- Traders are now looking to the next session’s global lead and Xero’s next scheduled results update.
Xero Limited (ASX: XRO) shares ended down 2.9% at A$75.28 on Monday, after trading between A$74.94 and A$77.34. The stock is still sitting not far above its 52-week low of A$72.26. (Investing)
The decline came as Australian shares finished lower, with losses led by IT and healthcare stocks. The S&P/ASX 200 fell 0.61% by the close in Sydney. (Investing)
The timing matters because tech names have been quick to track shifts in global risk appetite, and markets are still trying to price a moving target on U.S. trade policy. “The tariff landscape is now more uncertain than before,” said Rodrigo Catril, a senior FX strategist at NAB, adding that uncertainty was “not good news for any economy or market.” (Reuters)
Xero, in a Wellington-dated market release, set out proposed key dates for its financial year ending March 31, 2027. It put its annual meeting on Aug. 27, FY27 half-year results on Nov. 12 and FY27 full-year results on May 20, 2027, while director nominations close on July 9. (Company Announcements)
Earlier in the session, Chris Weston, head of research at Pepperstone, warned investors were still working through the bigger picture from tariff headlines. “The broader implications remain complex,” Weston said, as a report noted tech stocks were down more than 2.5% with Xero and WiseTech Global both off more than 2%. (Business Recorder)
Xero sells cloud accounting and payroll software to small businesses, and it has become one of the market’s bigger temperature checks for “growth” tech in Australia. When traders cut risk, it often gets hit fast.
The company has tried to keep the story anchored on product and execution. At an investor briefing this month, CEO Sukhinder Singh Cassidy said Xero was “deeply focused” on the “global AI and US accounting plus payments” total addressable market, pointing to its JAX AI agents and the Melio payments platform. Xero also said its next scheduled update will be its FY26 results announcement on May 14, when it plans to shift to guidance based on adjusted EBITDA — operating profit before interest, tax and non-cash charges, with some items stripped out. (ASX Announcements)
But Monday’s move was a reminder that the stock can trade more on macro than on company news. If tariff signals keep shifting — or if U.S. tech earnings unsettle sentiment again — high-multiple software names can stay under pressure, even without fresh company-specific bad news.
