Accounting SoftwareWellington, New ZealandFounded 2006CEO Sukhinder Singh Cassidy
Public companyXero is a cloud accounting and small business platform, listed on the ASX (XRO), that brings accounting, payroll, payments and a connected app ecosystem to small businesses and their accountants and bookkeepers.
Xero's annual revenue was $1.6B in March 2026 (Press & News).
| As of | Revenue | Source |
|---|---|---|
| 2019 | $450M | Steve Vamos on cameraWatch at 2:14 |
| Mar 2022 | $621.8M | Press & News |
| Mar 2024 | $971.5M | Press & News |
| Mar 2026 | $1.6B | Press & News |
Xero is a public company. Its market capitalisation was $13.5B in June 2026.
Xero has raised $1.7B across nine rounds since 2007. The latest was a $84.6M Post-IPO Equity in July 2025.
| Date | Round | Raised | Source |
|---|---|---|---|
| Jul 2025 | Post-IPO Equity | $84.6M | Company Website |
| Jun 2025 | Post-IPO Equity | $1.2B | Company Website |
| Feb 2015 | Post-IPO Equity | $110.8M | – |
| Oct 2013 | Post-IPO Equity | $150M | Company Website |
| Nov 2012 | Post-IPO Equity | $49M | – |
| Feb 2012 | Post-IPO Equity | $29.6M | Company Website |
| Oct 2010 | Post-IPO Equity | $3M | – |
| Apr 2009 | Post-IPO Equity | $16.7M | Company Website |
| Jun 2007 | IPO | $11.1M | Company Website |
| Total raised | $1.7B |
Nathan Latka has interviewed Xero once, speaking with Steve Vamos. Each figure links to the second it was said.
Watch: How Xero Reached a NZ$600M (About US$450M) Run Rate and 1.6 Million Subscribers with 1% Monthly Churn (Interview with CEO Steve Vamos)January 2019 · Steve Vamos, CEO
Growth tactics they described: App ExchangesWatch at 17:13AcquisitionsWatch at 12:56
Rod Drury and Hamish Edwards founded Xero in 2006. Sukhinder Singh Cassidy is CEO. Xero has 5,114 employees (March 2026, Company Website).
BoardLee Hatton, Mark Cross, Craig Winkler, Dale Murray, Steven Aldrich, Susan Peterson
Also at XeroTony W., Nicole Reid, Kirsty Godfrey-Billy, Kate Durrant, Anna Curzon, Andy Burner, Simone Matlock, Damien Tampling, David Thodey
| As of | Employees | Source |
|---|---|---|
| Mar 2026 | 5,114 | Company Website |
| Dec 2024 | 5,186 | Press Release |
| Dec 2020 | 3,520 | – |
| Jun 2020 | 3,189 | – |
| Dec 2019 | 2,820 | – |
| Jan 2019 | 2,500 | – |
| Dec 2018 | 2,397 | – |
Xero's annual revenue was $1.6B in March 2026, according to a news report.
Yes. Xero is a public company, with a market capitalisation of $13.5B in June 2026.
Xero raised $1.7B across nine funding rounds. The last was a $84.6M Post-IPO Equity in July 2025.
Xero has 5,114 employees as of March 2026, according to the company's website.
Sukhinder Singh Cassidy is the CEO of Xero.
Rod Drury and Hamish Edwards founded Xero in 2006.
4 said on camera · 11 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profile