Xero delivers strong first half, awaits impact of Melio deal
The strong result will help justify chief executive Sukhinder Singh Cassidy’s remuneration, which created controversy at the last annual general meeting.
Xero chief executive Sukhinder Singh Cassidy’s package is worth US$15.2m a year.
Key takeaway: Achieved 'rule of 40' metric, but market still waiting to see the impact of the Melio deal.
New Zealand-founded and ASX-listed accounting software provider Xero has achieved its Rule of 40 outcome for the first half of the 2026 financial year, with revenue growth and profitability surpassing the key 40% mark.
Xero reported a 42% increase in first-half net profit to $134.8 million for the
