Sydney, June 12, 2026, 07:02 AEST
- Xero fell 3.58% to close at A$74.07 in the June 11 ASX session. Shares moved between A$73.26 and A$76.07.
- The S&P/ASX 200 fell 0.23% to close at 8,633.20, weighed by losses in tech stocks such as Xero, WiseTech Global and NextDC.
- Xero’s most recent numbers are from its FY26 report. Revenue climbed 31%, adjusted EBITDA rose 18%, but net profit dropped 27%.
Xero Limited fell in the latest ASX session as investors exited big Australian tech stocks. Shares closed at A$74.07 on June 11, off A$2.75, or 3.58%. About 1.29 million shares traded. The company’s market cap at the close stood near A$12.64 billion.
Australian shares dropped on a quieter session. The S&P/ASX 200 lost 20.10 points, or 0.23%, to close at 8,633.20. The All Ordinaries slipped by the same percentage to 8,836.70. Weakness was mostly in tech names and the big banks. Xero, WiseTech Global and NextDC weighed on the index.
Xero shares have tracked other ASX software names through a bumpy period. According to Google Finance, Xero opened at A$74.55, went as high as A$76.07, and traded as low as A$73.26 during the session. The quote showed a 52-week range from A$67.93 to A$196.52. That’s still a long way from the stock’s highs last year.
Xero’s last big financial update is its FY26 result from May 14. Operating revenue came in at NZ$2.75 billion, up 31%. Adjusted EBITDA was NZ$757.4 million, up 18%. Net profit dropped 27% to NZ$167.4 million. Market Index said net profit missed consensus, with earnings hit by costs tied to the Melio deal.
Xero CEO Sukhinder Singh Cassidy said in the company’s market filing that its “3×3 strategy is hitting its stride,” with faster U.S. growth and Melio’s integration now boosting the platform. Xero reported 110,000 new U.S. customers for FY26, including those coming through Melio direct payments, and said pro-forma revenue climbed 50%. ASX Announcements
Xero’s Melio deal is still at the core of its investment story, pushing the business further into payments for small firms and away from just accounting software. But margins have shifted. Gross margin dropped to 83.9% in FY26 from 89.0% the year before, something Xero’s annual report links mainly to the Melio acquisition. Customer numbers still climbed 11% to 4.9 million.
Xero’s revenue is up and expansion in the U.S. is on track, but investors are looking at profitability and a wider move out of high-growth tech stocks. The company forecast FY27 revenue between NZ$3.62 billion and NZ$3.73 billion, with adjusted EBITDA at NZ$860 million to NZ$920 million. Its board approved up to A$550 million in share buybacks for FY27 to cover dilution from share-based pay.
