The earnings call reflected a positive sentiment, with significant highlights in revenue growth, profitability, and subscriber additions. Although there were some concerns around U.S. market conditions and share-based compensation costs, the overall performance and strategic execution outweighed these challenges.

Company Guidance -

Q2 2026

During the Xero Limited Half Year 2025 Results Conference Call, guidance was provided with a focus on continued strong financial performance. Xero reported a 25% increase in revenue, reaching $996 million, with a constant currency growth of 23% year-over-year. Adjusted EBITDA grew by 52% to $312 million, contributing to a Rule of 40 outcome of 43.9, up 10.3 points from the previous year. The company noted balanced revenue growth through subscriber growth of 10% and ARPU expansion of 11%. Additionally, Xero highlighted improvements in cash flow with a free cash flow margin of 21%. Looking forward, Xero expects total operating expenses to be around 73% of revenue for FY 2025, with a focus on strategic investments in product development and customer acquisition to maintain growth momentum.

Strong Revenue Growth

Revenue grew 25% to $996 million or 23% in constant currency year-over-year, demonstrating strong financial outcomes across all major markets.

Significant Increase in Profitability

Adjusted EBITDA was $312 million, up $107 million or 52% from the previous year, contributing to a Rule of 40 outcome of 43.9, up by 10.3 points year-over-year.

Record Subscriber Growth

Subscriber growth was 10% year-over-year with 401,000 new subscribers, reflecting double-digit growth in all large markets.

ARPU Expansion

ARPU increased by 11%, driven by price changes, better payments revenue, and mix benefits.

Successful Restructuring and Efficiency

The business restructuring in Canada and strategic investments led to improved efficiency and better financial outcomes.

Free Cash Flow Margin Improvement

Free cash flow margin increased by 7.7 percentage points to 21%, highlighting strong cash generation and operating leverage.

Xero Limited (AU:XRO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AU:XRO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 13, 2025	2026 (Q2)	1.02 / -	0.623	―	―	―
May 14, 2025	2025 (Q4)	0.72 / 0.79	0.901	-12.12% (-0.11)
Nov 13, 2024	2025 (Q2)	0.67 / 0.62	0.344	80.95% (+0.28)
May 22, 2024	2024 (Q4)	0.65 / 0.90	0.221	307.41% (+0.68)
Nov 08, 2023	2024 (Q2)	0.40 / 0.34	-0.1	443.64% (+0.44)
May 17, 2023	2023 (Q4)	0.14 / 0.22	-0.016	1450.00% (+0.24)
Nov 09, 2022	2023 (Q2)	0.09 / -0.10	-0.038	-161.90% (-0.06)
May 11, 2022	2022 (Q4)	0.03 / -0.02	-0.091	82.00% (+0.07)	―	―
Nov 10, 2021	2022 (Q2)	0.09 / -0.04	0.219	-117.50% (-0.26)	―	―
May 12, 2021	2021 (Q4)	- / -0.09	0.009	-1100.00% (-0.10)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AU:XRO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 14, 2025	AU$173.86	AU$182.05	+4.71%
Nov 13, 2024	AU$161.55	AU$171.00	+5.85%
May 22, 2024	AU$124.00	AU$134.84	+8.74%
Nov 08, 2023	AU$114.72	AU$100.47	-12.42%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Xero Limited (AU:XRO) report earnings?

Xero Limited (AU:XRO) is schdueled to report earning on Nov 13, 2025, TBA (Confirmed).

What is Xero Limited (AU:XRO) earnings time?

Xero Limited (AU:XRO) earnings time is at Nov 13, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Xero Limited stock?

The P/E ratio of Xero Limited is N/A.

What is AU:XRO EPS forecast?

AU:XRO EPS forecast for the fiscal quarter 2026 (Q2) is 1.02.

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