Xero Limited (XRO) Q4 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.777 Good morning from Sydney, Australia. Thank you for joining our investor briefing today 00:00:03.777 -- 00:00:07.623 covering Xero's financial and operating results for the full year ending the 31st of 00:00:07.623 -- 00:00:09.806 March, 2026. I'm 00:00:09.806 -- 00:00:14.995 Sue Kinderson-Cassidy, CEO of Xero, and I'm joined by our CFO, Claire Bramley. 00:00:14.995 -- 00:00:19.602 In FY26, Xero delivered strong revenue growth of 31%, 00:00:19.602 -- 00:00:24.730 added more than 500,000 new customers, and generated $757 million in adjusted 00:00:24.730 -- 00:00:29.541 EBITDA. We did this while closing and integrating Melio, which speaks to what this business 00:00:29.541 -- 00:00:32.784 can do when strategy and execution are aligned. 00:00:32.784 -- 00:00:36.528 There are three key themes to our FY26 performance. 00:00:36.528 -- 00:00:41.072 First, sustained revenue performance, strong EBITDA outcomes, and a US business that 00:00:41.072 -- 00:00:46.497 is now clearly accelerating. Second, payments and AI innovation both scaling fast, 00:00:46.497 -- 00:00:50.720 which is deepening customer penetration and delivering real measurable value for users 00:00:50.720 -- 00:00:54.444 now, and has tremendous potential going forward. 00:00:54.444 -- 00:00:59.643 Third, continued capital and operational disciplines that underpinned our FY26 00:00:59.643 -- 00:01:06.048 execution and gives us confidence in our ability to deliver in FY27 also. 00:01:06.471 -- 00:01:10.176 Okay, let's take a look at our financial results specifically. 00:01:10.176 -- 00:01:13.140 Operating revenue grew 31% to $2.75 00:01:13.140 -- 00:01:18.446 billion and adjusted EBITDA rose 18% to $757 million. 00:01:18.446 -- 00:01:22.820 Claire will take you through the deta...