Sydney, June 29, 2026, 02:01 (AEST)
- Xero closed at A$69.05 on June 26, gaining 1.77%. The stock is still down roughly 39% in 2026.
- Xero will hike subscription prices in Australia from July 1. The company’s published plans will rise between A$2 and A$28 per month.
- FY26 operating revenue came in at NZ$2.75 billion, up 31%. Net profit dropped 27% to NZ$167.4 million.
ASX cash trading was yet to start at the dateline. Regular ASX trading runs 09:59:45 to 16:00 Sydney time, and the 2026 calendar on the exchange site puts King’s Birthday on June 8 as the only June closure, with nothing for June 29.
Xero Limited ASX:XRO closed at A$69.05 on Friday, gaining 1.77%. Market value sat at A$11.78 billion and volume was 1.32 million shares, Google Finance said. The 52-week range, also from Google, was A$65.00 to A$186.38, so shares are still about 63% off the peak.
Xero shares ASX:XRO ended the week down 3.9% at A$71.88 from last Friday, while the S&P/ASX 200 dropped 0.73% for the week. The stock moved sharply all week: fell 4.54% Monday, slid another 5.28% Tuesday to A$65.00, bounced 8.17% Wednesday, lost 3.5% Thursday, then recovered 1.77% Friday.
Xero’s Australian pricing changes are clearer than the share move this week. The company is hiking plan costs by A$24 to A$336 a year, according to its published monthlies. Price rises range from 4.0% for Grow to 12.6% for Ultimate 50. That’s an unweighted average hike of 8.7% across the seven plans listed.
Xero said it will keep optional add-on prices flat, but drop the multi-organisation discount on eligible subscriptions starting July 1. The pricing page did not give a plan-mix breakdown, so the overall revenue boost from new prices isn’t clear from public figures.
Australia and New Zealand remain Xero’s biggest customer market. For FY26, revenue from the region was up 18% to NZ$1.4 billion. ARPC climbed 17% to NZ$48.89, and Xero said the customer count grew to 2.8 million. Monthly churn averaged 1.14%. Customer lifetime value was NZ$21.0 billion.
Mixed results for holders as group reported a 31% jump in operating revenue to NZ$2.753 billion. Annualised monthly recurring revenue climbed 37% to NZ$3.273 billion, boosted by Melio. Adjusted EBITDA was up 18% at NZ$757.4 million. But operating income dropped 13%, net profit slid 27%, and gross margin narrowed to 83.9% from 89.0%.
Xero CEO Sukhinder Singh Cassidy told investors in May the company had “powerful momentum across our markets,” adding that Melio has taken the U.S. arm past “single-job workflows”. But the 2026 slide in the shares signals investors want to see more evidence. The market is looking for signs that better pricing, new payments and AI can boost profit without making more customers leave.
Xero’s board signed off on share purchases of as much as A$550 million for FY27, aiming to offset share-based compensation dilution. That’s about 4.7% of the company at Friday’s close. Xero said these are meant as dilution offsets, not as a typical buyback for capital return.
S&P/ASX 200 ends Friday up 0.18%, still falls 64.5 points for the week
The S&P/ASX 200 edged up 0.18% to close at 8,764.2 on Friday, but dropped 64.5 points over the week. AMP head of investment strategy and chief economist Shane Oliver told ABC that tech shares have faced pressure as valuations come into question and worries grow over a possible AI bubble.
Xero has a live company date set for July 1 in the coming week. Its investor calendar puts the annual meeting on Aug. 27 and the FY27 half-year results out Nov. 12.
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