SYDNEY, June 27, 2026, 05:01 (AEST)
- Xero closed out Friday at A$69.05 after dipping to A$65.00 earlier this week.
- The stock dropped around 4% this week. The S&P/ASX 200 slipped 0.73%.
- Xero is looking to buy back A$550 million worth of shares, or around 8.0 million shares based on Friday’s close, more than the total shares traded last week.
- Xero’s next event on the calendar is the annual meeting set for Aug. 27.
Xero Limited ASX:XRO is trading close to the bottom of its one-year range after a rough week. The stock has dropped by nearly 40% this year. Investors are watching to see if Xero’s planned A$550 million in anti-dilution share buys will make a difference.
ASX cash trading stopped in Sydney early Saturday. Equity trading on the ASX normally goes from 09:59:45 to 16:00 Sydney time, with the closing auction starting at 16:10, ASX market-phase data show. Australian Securities Exchange
Xero ended Friday at A$69.05, gaining 1.77%. The session saw shares move from A$66.71 to A$69.64. Google Finance listed a 52-week range from A$65.00 up to A$186.38, with market cap around A$11.78 billion. Google
Liquidity stands out. Xero moved about 6.8 million shares over the week, Monday to Friday, going by daily price and volume numbers. With Xero’s A$550 million FY27 buyback power at Friday’s close, the company could pick up around 8.0 million shares, more than 117% of that week’s volume, before fees and price moves. Intelligent Investor
Xero’s plan is more than an earnings call detail. Back in May, the board approved as much as A$550 million in share buybacks for FY27 to counter dilution from share-based pay and previous staff share grants. In that same update, FY26 revenue came in 31% higher at NZ$2.75 billion, adjusted EBITDA rose 18% to NZ$757.4 million, net profit dropped 27%, and gross margin slipped 5.1 points to 83.9%.
Xero CEO Sukhinder Singh Cassidy said in the release the company’s “3×3 strategy is hitting its stride.” She pointed to 110,000 new U.S. customers and pro-forma revenue up 50% after Melio. The stock still traded at a discount since the result, as investors zeroed in on the cost of payments growth in the U.S. and slimmer margins from Melio.
Xero’s week was choppy. Shares dropped Monday and Tuesday, touched A$65.00, rallied back up to A$70.31 by Wednesday, then faded Thursday before clawing some ground back on Friday. For the week, Xero traded in a range of about 12.7%, measured from the A$73.23 high on Monday to the A$65.00 low Tuesday.
The S&P/ASX 200 (INDEXASX:XJO) eked out a 0.18% gain Friday at 8,764.2, but the index still lost 0.73% for the week. Tech stocks have come under pressure on AI worries and valuations, and Australian shares have also been hit by weak commodity prices and some profit-taking in banks, AMP chief economist Shane Oliver told ABC. ABC News
Xero faces a week where trading is likely to be driven more by signs of progress under its anti-dilution programme than the usual daily price moves. Heavy buying by the company could mean strong demand given recent turnover. If buying stays light, investors will keep looking at the same issue that’s been dogging other software stocks—whether FY27 growth can help restore confidence while margins take on U.S. payments costs.
Xero is forecasting FY27 operating revenue between NZ$3.62 billion and NZ$3.73 billion, with adjusted EBITDA seen at NZ$860 million to NZ$920 million. That includes up to NZ$55 million extra for U.S. brand spend. Versus FY26, that’s about 31% to 35% revenue growth and 14% to 21% growth for adjusted EBITDA.
Xero’s investor calendar shows no earnings release set for next week. Its next event is the annual meeting on Aug. 27. The company has FY27 half-year results down for Nov. 12 and FY27 full-year results planned for May 20, 2027. Xero
