Xero's new ambition: Shares fall, profit climbs as NZ software firm charts new Melio-backed revenue aspiration

Xero CEO Sukhinder Singh Cassidy says: "I don't really feel like we're in any way done." (Image: Xero)

Thu, 13 Nov 2025

Cloud accounting software firm Xero has laid out another ambitious target: to more than double revenue on the back of its $4.1 billion Melio acquisition.In June, Xero announced its acquisition of the United States payments startup, its largest to date.It reported its result for the six months to Sept 30 on Thursday and said Melio’s underlying revenue increased 68% to $183m, in line with expectations.Xero said the combined business was expected to significantly accelerate its US revenue growth and open the door to more than double its $2.1...

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