FY20 Financial and Strategic Overview
Australia and
New Zealand highlights
Australia
• Single Touch Payroll accelerated digitisation of payroll compliance
• Enterprise partnership announced with RSM Australia, a leading
national accounting firm
• Enhanced partnership with Square to further embed payment and
PoS transactional features and functionality
• Launched Xero NAB Payments to help automate multiple bill
payments, and received a Canstar Innovation Excellence Award
for 2020
• Revenue growth of 25% YOY constant currency
New Zealand
• Continued positive ARPU trends driven by emphasis on additional
platform solutions and product upsell
• Strong traction from new roadshow approach to include direct
small business engagement contributed to >1,500 small business
attendees at roadshows nationwide, a near threefold increase YOY
• Launched 2019 Small Business Wellbeing Report and extended the
Xero Assistance Programme to an estimated 850,000 Kiwis
FY20
YOY change
Subscribers
914k
+26%
Net additions
188k
+31%
INNOVATION
EXCELLENCE
CANSTAR
Revenue
$320m
+23%
2020
AWARD
FY20
YOY change
Subscribers
392k
+12%
Net additions
41k
-18%
Revenue
$116m
+19%View entire presentation