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Xero is a technology company originating from New Zealand, providing cloud-based accounting software, primarily for small and midsize enterprises, or SMEs, and accounting practices. As a first mover in the space for cloud-based accounting software, Xero has grown quickly to achieve dominant market share in New Zealand and Australia, displacing legacy providers. Xero has also expanded beyond its home region toward other English-speaking countries, primarily the United Kingdom.
2006
4.6K+
LTM Revenue $1.2B
LTM EBITDA $368M
$17.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Xero has a last 12-month revenue (LTM) of $1.2B and a last 12-month EBITDA of $368M.
In the most recent fiscal year, Xero achieved revenue of $1.2B and an EBITDA of $448M.
Xero expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Xero valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | XXX | $1.2B | XXX | XXX | XXX |
| Gross Profit | $1.1B | XXX | $1.1B | XXX | XXX | XXX |
| Gross Margin | 89% | XXX | 89% | XXX | XXX | XXX |
| EBITDA | $368M | XXX | $448M | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 36% | XXX | XXX | XXX |
| EBIT | $210M | XXX | $44.3M | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $136M | XXX | $133M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $269M | XXX | XXX | XXX |
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As of May 30, 2025, Xero's stock price is AUD 184 (or $118).
Xero has current market cap of AUD 28.6B (or $18.4B), and EV of AUD 27.7B (or $17.8B).
See Xero trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17.8B | $18.4B | XXX | XXX | XXX | XXX | $0.95 |
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Start Free TrialAs of May 30, 2025, Xero has market cap of $18.4B and EV of $17.8B.
Xero's trades at 15.2x EV/Revenue multiple, and 42.6x EV/EBITDA.
Equity research analysts estimate Xero's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Xero has a P/E ratio of 125.9x.
See valuation multiples for Xero and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18.4B | XXX | $18.4B | XXX | XXX | XXX |
| EV (current) | $17.8B | XXX | $17.8B | XXX | XXX | XXX |
| EV/Revenue | 13.9x | XXX | 15.2x | XXX | XXX | XXX |
| EV/EBITDA | 44.9x | XXX | 42.6x | XXX | XXX | XXX |
| EV/EBIT | 78.8x | XXX | 249.8x | XXX | XXX | XXX |
| EV/Gross Profit | 15.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 125.9x | XXX | 146.6x | XXX | XXX | XXX |
| EV/FCF | 60.8x | XXX | 63.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialXero's last 12 month revenue growth is 21%
Xero's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Xero's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Xero's rule of X is 84% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Xero and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | 57% | XXX | 57% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 84% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 32% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 85% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Cape Range | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| IODM | XXX | XXX | XXX | XXX | XXX | XXX |
| Reckon | XXX | XXX | XXX | XXX | XXX | XXX |
| Zaggle | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Xero acquired XXX companies to date.
Last acquisition by Xero was XXXXXXXX, XXXXX XXXXX XXXXXX . Xero acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Xero founded? | Xero was founded in 2006. |
| Where is Xero headquartered? | Xero is headquartered in Australia. |
| How many employees does Xero have? | As of today, Xero has 4.6K+ employees. |
| Is Xero publicy listed? | Yes, Xero is a public company listed on ASX. |
| What is the stock symbol of Xero? | Xero trades under XRO ticker. |
| When did Xero go public? | Xero went public in 2012. |
| Who are competitors of Xero? | Similar companies to Xero include e.g. Cape Range, Credit Clear, IODM, Reckon. |
| What is the current market cap of Xero? | Xero's current market cap is $18.4B |
| What is the current revenue of Xero? | Xero's last 12 months revenue is $1.2B. |
| What is the current revenue growth of Xero? | Xero revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Xero? | Current revenue multiple of Xero is 13.9x. |
| Is Xero profitable? | Yes, Xero is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Xero? | Xero's last 12 months EBITDA is $368M. |
| What is Xero's EBITDA margin? | Xero's last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of Xero? | Current EBITDA multiple of Xero is 44.9x. |
| What is the current FCF of Xero? | Xero's last 12 months FCF is $272M. |
| What is Xero's FCF margin? | Xero's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of Xero? | Current FCF multiple of Xero is 60.8x. |
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