About Xero
Xero is a company based in Wellington (New Zealand) founded in 2006. The company has 4,610 employees as of March 31, 2024. Xero has completed 11 acquisitions, including Hubdoc, Instafile and LOCATE. Xero offers products and services including Xero Accounting Software, Invoicing Tool, and Payroll Management. Xero operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and FreshBooks, among others.
- Headquarter Wellington, New Zealand
- Employees 4610 as on 31 Mar, 2024
- Stage Public
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Sectors
Technology
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Phone
Locked
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Website
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Social
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- Legal Name Xero Limited
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Annual Revenue
$1.19 B (USD)20.49as on Mar 31, 2025
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Net Profit
$129.51 M (USD)28.1as on Mar 31, 2025
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EBITDA
$366.9 M (USD)21.55as on Mar 31, 2025
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Latest Funding Round
$26.4 M (USD), Post-IPO
Apr 18, 2017
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Investors
Accel
& 3 more
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Employee Count
4610
as on Mar 31, 2024
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Investments & Acquisitions
Hubdoc
& 10 more
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IPO & Listings of Xero
Xero is a publicly listed company on the ASX with ticker symbol XRO in Australia, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Xero
Xero offers a comprehensive portfolio of products and services, including Xero Accounting Software, Invoicing Tool, and Payroll Management.
Cloud-based tool for real-time financial management and invoicing.
Feature for creating and sending online invoices quickly.
System to handle employee payroll and tax calculations efficiently.
People of Xero
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Software Development Team
239 people
Product Management Team
127 people
Senior Team
116 people
Sales and Marketing
74 people
Lead Team
50 people
Leadership Team
42 people
Human Resources and Administration
39 people
Finance and Accounting
32 people
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Funding Insights of Xero
Investors in Xero
Xero has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Accel, TCV and Matrix.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Accel is recognized as a leading venture capital firm.
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Early-stage ventures are funded by the investment firm.
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Investor details for Xero
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Xero
Xero has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Hubdoc, Instafile and LOCATE.
Investment portfolio details for Xero
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Vendor payments are managed through accounts payable solutions.
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Tax management solutions for businesses
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Cloud-based financial reporting and analytics software is offered for businesses.
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Complete acquisition details for Xero
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Xero
Detailed financials for Xero
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Xero Comparisons
Peer comparison for Xero
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Xero
Xero operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Clear, Wave and FreshBooks, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Financial and accounting software is developed for businesses and individuals.
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Cloud-based ERP software is provided for business management across segments.
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Technology-enabled accounting and finance solutions are offered for SMBs.
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Web-based accounting software is offered for business use.
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Cloud-based invoicing and accounting software is offered for businesses.
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Detailed competitors of Xero
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Xero
Complete news archive for Xero
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Xero
Xero was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Xero is headquartered in Wellington, New Zealand.
Steve Vamos is the current CEO of Xero.
As of Mar 31, 2024, the latest employee count at Xero is 4,610.
Annual revenue of Xero is $1.19B as on Mar 31, 2025.
Xero was founded in 2006 in Wellington, New Zealand, as a provider of cloud-based accounting software targeted at small and medium-sized businesses. Operations focus on tools for invoicing, accounts payable, expense tracking, asset management, purchase orders, financial reporting, and bank reconciliation. Specialized features like cashbook and ledger are included for accountants. A mobile application is supported on Android and iOS devices.
Xero offers Xero Accounting Software, Invoicing Tool, and Payroll Management.
Yes, Xero is publicly traded on ASX under the ticker symbol XRO.
Xero has 4 investors. Key investors include Accel, TCV, Matrix, and Valar Ventures.
The ticker symbol of Xero is XRO on ASX.