ASX:XRO.AX

Xero Stock to Watch After A$550 Million Buyback, Melio Margin Concerns
····

Xero Stock to Watch After A$550 Million Buyback, Melio Margin Concerns

Xero shares fell 2.0% to A$78.07 Monday ahead of the ASX open, as investors weighed a planned A$550 million buyback against weaker profit and lower margins tied to its U.S. expansion. FY26 net profit dropped 27% to NZ$167.4 million, while revenue rose 31% to NZ$2.75 billion. The company added 110,000 U.S. customers and integrated Melio payments. Trading resumes Tuesday with no holiday closures scheduled.
May 18, 2026

Stock Market Today

  • IPH Ltd names new CEO Tony O'Malley amid investor watch on ASX
    May 27, 2026, 11:30 PM EDT. IPH Ltd (ASX: IPH) shares dipped 1.55% to $3.80 following the announcement of Tony O'Malley as the new CEO, effective July 1, 2026. Despite a 23% drop over 12 months, the stock is up about 8% in 2026. O'Malley brings over 30 years of experience in legal and professional services, including senior roles at PwC and the Australian Competition and Consumer Commission. His expertise in business transformation and AI legal tech aligns with IPH's focus on faster, tech-driven systems. The CEO's total fixed pay is $950,000, with potential short- and long-term incentives totaling up to $2.11 million. Investors are monitoring how O'Malley's leadership will influence IPH's ongoing transformation and market performance.