Xero, a New Zealand-based accounting software provider for small businesses, said in its first-half FY27 results that operating revenue rose 46% year on year to NZ$1.7 billion (US$951 million), or 27% on a pro forma basis.

The company raised its full-year operating revenue guidance to NZ$3.77 billion (US$2.11 billion) to NZ$3.83 billion (US$2.14 billion).

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 3% to NZ$362 million (US$202 million), or 23% on a pro forma basis.

Xero added 226,000 subscribers in the half, bringing total subscribers to 5.1 million.

Operating income fell 9% to NZ$124.5 million (US$69.6 million). Xero said this was due to the full six months of including Melio after the acquisition closed in the second half of FY26.

Xero also announced an on-market share buyback of up to A$1 billion (US$687 million) over the next 12 months.

🔗 Source: Xero

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