Xero Due Diligence
Run due diligence on Xero: check compliance and get alerts when suppliers change.
New Zealand · www.xero.com · 22 vendors
Xero Limited is a New Zealand technology company that provides cloud-based accounting software for small businesses. It offers online business solutions, including invoicing, payroll, and payments, helping businesses manage their finances and connect with advisors and other services.
Resilience scores
- Digital Sovereignty: 0
- Digital Resilience: 7
- Financial Resilience: 6
Technology vendors
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- dFactory — Poland
- Slack Technologies, LLC — Technology — United States
- and 24 more
Services catalogue
8 services in catalogue across 5 categories; runs on 22 sub-vendors.
- integration
- Open Banking
- Xero
Insights
Last updated 2026-04-30 · revision 1
22 direct vendors, 229 subvendors
Direct vendors by controlling owner country (sample)
- Sweden: 1
- China: 1
- Denmark: 1
Subvendors by controlling owner country (sample)
- Denmark: 3
- China: 6
- Poland: 1
Compliance
6 in-scope frameworks identified; showing 3.
GDPR (source) — No public evidence
SOC 2 (source) — No public evidence
PCI DSS (source) — No public evidence
Financials
Three-year financials
- 2023: revenue NZD 600.3M, EBIT NZD -28.5M, equity NZD 782.1M
- 2022: revenue NZD 538.5M, EBIT NZD -110.2M, equity NZD 810.6M
- 2021: revenue NZD 463.5M, EBIT NZD -152.8M, equity NZD 920.4M
Financial Resilience Score: 6/10
Xero demonstrates solid financial resilience driven by a highly recurring SaaS revenue model and a clear path to sustained profitability, evidenced by positive operating cash flow and narrowing operating losses. The company maintains a strong net cash balance sheet, providing ample liquidity for R&D and strategic acquisitions. However, resilience is tempered by elevated customer acquisition costs, intense competition in the SME accounting software market, and exposure to foreign exchange fluctuations given its multinational revenue base.
Key strengths: Recurring subscription revenue base, Positive operating cash flow, Net cash position, Expanding practice management ecosystem
Risk factors: High sales and marketing expense ratio, Competitive pressure from established players like Intuit QuickBooks, Customer churn in the small business segment, Foreign exchange volatility
Revenue by geography
- Australia: 36%
- United Kingdom: 26%
- United States: 18%
- New Zealand: 16%
- Other: 4%
Revenue by product/service
- Cloud Accounting: 78%
- Practice Management & Advisory: 17%
- Other: 5%
Workforce by country
- New Zealand: 850
- United States: 450
- Australia: 200
- United Kingdom: 200
- Other: 150
Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.