Xero Ltd (XRO) - Net Assets

Latest as of September 2025: AU$4.01 Billion AUD ≈ $2.83 Billion USD

Based on the latest financial reports, Xero Ltd (XRO) has net assets worth AU$4.01 Billion AUD (≈ $2.83 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$6.10 Billion ≈ $4.31 Billion USD) and total liabilities (AU$2.09 Billion ≈ $1.48 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Xero Ltd's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$4.01 Billion
% of Total Assets	65.69%
Annual Growth Rate	47.93%
5-Year Change	190.91%
10-Year Change	692.14%
Growth Volatility	150.45

Xero Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Xero Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Xero Ltd asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Xero Ltd (2007–2025)

The table below shows the annual net assets of Xero Ltd from 2007 to 2025. For live valuation and market cap data, see Xero Ltd market cap and net worth.

Year	Net Assets	Change
2025-03-31	AU$2.00 Billion ≈ $1.41 Billion	+43.25%
2024-03-31	AU$1.39 Billion ≈ $985.60 Million	+41.49%
2023-03-31	AU$984.51 Million ≈ $696.60 Million	+2.81%
2022-03-31	AU$957.65 Million ≈ $677.60 Million	+39.62%
2021-03-31	AU$685.91 Million ≈ $485.32 Million	+67.66%
2020-03-31	AU$409.12 Million ≈ $289.48 Million	+20.61%
2019-03-31	AU$339.21 Million ≈ $240.01 Million	+49.60%
2018-03-31	AU$226.74 Million ≈ $160.43 Million	+10.39%
2017-03-31	AU$205.40 Million ≈ $145.34 Million	-18.46%
2016-03-31	AU$251.90 Million ≈ $178.23 Million	-25.70%
2015-03-31	AU$339.04 Million ≈ $239.89 Million	+37.87%
2014-03-31	AU$245.92 Million ≈ $174.01 Million	+198.60%
2013-03-31	AU$82.36 Million ≈ $58.27 Million	+57.63%
2012-03-31	AU$52.25 Million ≈ $36.97 Million	+140.91%
2011-03-31	AU$21.69 Million ≈ $15.35 Million	-11.82%
2010-03-31	AU$24.59 Million ≈ $17.40 Million	+389.92%
2009-03-31	AU$5.02 Million ≈ $3.55 Million	-55.66%
2008-03-31	AU$11.32 Million ≈ $8.01 Million	+553.64%
2007-03-31	AU$1.73 Million ≈ $1.23 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Xero Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 3721464900.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Common Stock	AU$1.85 Billion	92.88%
Other Comprehensive Income	AU$179.19 Million	8.98%
Total Equity	AU$2.00 Billion	100.00%

Xero Ltd Competitors by Market Cap

The table below lists competitors of Xero Ltd ranked by their market capitalization.

Company	Market Cap
Biomerieux SA PA:BIM	$9.90 Billion
Shanghai International Airport Co Ltd SHG:600009	$9.92 Billion
CCL Industries Inc TO:CCL-B	$9.92 Billion
Erie Indemnity Company NASDAQ:ERIE	$9.93 Billion
Tubize-Fin BR:TUB	$9.89 Billion
Viavi Solutions Inc NASDAQ:VIAV	$9.89 Billion
Smithfield Foods, Inc. Common Stock NASDAQ:SFD	$9.88 Billion
BIM Birlesik Magazalar AS IS:BIMAS	$9.86 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xero Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,392,947,000 to 1,995,368,047, a change of 602,421,047 (43.2%).
Net income of 207,031,079 contributed positively to equity growth.
Share repurchases of 10,217,413 reduced equity.
New share issuances of 24,428,390 increased equity.
Other comprehensive income increased equity by 365,230,568.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$207.03 Million	+10.38%
Share Repurchases	AU$10.22 Million	-0.51%
Share Issuances	AU$24.43 Million	+1.22%
Other Comprehensive Income	AU$365.23 Million	+18.3%
Other Changes	AU$15.95 Million	+0.8%
Total Change	AU$-	43.25%

Book Value vs Market Value Analysis

This analysis compares Xero Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 6.24x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 391.43x to 6.24x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-03-31	AU$0.21	AU$80.57	x
2009-03-31	AU$0.09	AU$80.57	x
2010-03-31	AU$0.29	AU$80.57	x
2011-03-31	AU$0.24	AU$80.57	x
2012-03-31	AU$0.56	AU$80.57	x
2013-03-31	AU$0.75	AU$80.57	x
2014-03-31	AU$1.98	AU$80.57	x
2015-03-31	AU$2.68	AU$80.57	x
2016-03-31	AU$1.85	AU$80.57	x
2017-03-31	AU$1.50	AU$80.57	x
2018-03-31	AU$1.65	AU$80.57	x
2019-03-31	AU$2.44	AU$80.57	x
2020-03-31	AU$2.86	AU$80.57	x
2021-03-31	AU$4.58	AU$80.57	x
2022-03-31	AU$6.45	AU$80.57	x
2023-03-31	AU$6.56	AU$80.57	x
2024-03-31	AU$9.11	AU$80.57	x
2025-03-31	AU$12.90	AU$80.57	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xero Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 10.38%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.83%
• Asset Turnover: 0.47x
• Equity Multiplier: 2.03x
Recent ROE (10.38%) is above the historical average (-20.61%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	-38.07%	-3216.42%	0.01x	1.05x	AU$-5.44 Million
2009	-134.48%	-703.96%	0.13x	1.42x	AU$-7.25 Million
2010	-34.36%	-267.57%	0.12x	1.08x	AU$-10.91 Million
2011	-34.52%	-80.15%	0.38x	1.12x	AU$-9.66 Million
2012	-15.13%	-40.81%	0.34x	1.11x	AU$-13.13 Million
2013	-14.07%	-37.00%	0.35x	1.08x	AU$-19.82 Million
2014	-13.94%	-50.71%	0.26x	1.07x	AU$-57.26 Million
2015	-20.12%	-56.14%	0.33x	1.09x	AU$-102.11 Million
2016	-30.11%	-39.83%	0.64x	1.18x	AU$-101.04 Million
2017	-31.66%	-23.38%	1.04x	1.31x	AU$-85.56 Million
2018	-10.15%	-6.13%	1.14x	1.45x	AU$-45.69 Million
2019	-7.47%	-4.91%	0.55x	2.75x	AU$-59.26 Million
2020	0.81%	0.48%	0.63x	2.73x	AU$-37.58 Million
2021	2.87%	2.32%	0.46x	2.71x	AU$-48.90 Million
2022	-0.95%	-0.82%	0.51x	2.27x	AU$-104.88 Million
2023	-11.53%	-8.11%	0.60x	2.36x	AU$-211.98 Million
2024	11.50%	10.19%	0.53x	2.12x	AU$20.91 Million
2025	10.38%	10.83%	0.47x	2.03x	AU$7.49 Million

Industry Comparison

This section compares Xero Ltd's net assets metrics with peer companies in the Software - Application industry.

Industry Context

Industry: Software - Application
Average net assets among peers: $42,012,556
Average return on equity (ROE) among peers: -47.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xero Ltd (XRO)	AU$4.01 Billion	-38.07%	0.52x	$9.90 Billion
One Click Group Ltd (1CG)	$2.94 Million	-67.27%	0.54x	$8.32 Million
Thrive Tribe Technologies Ltd (1TT)	$4.53 Million	-27.70%	0.03x	$1.43 Million
Ordinary Fully Paid Deferred Settlement (1TTDB)	$2.53 Million	-140.39%	0.30x	$20.45
LIFE360 Inc (360)	$358.55 Million	-1.27%	0.23x	$3.40 Billion
Pointerra Ltd (3DP)	$4.28 Million	-64.47%	0.19x	$17.22 Million
8COMMON Ltd (8CO)	$5.92 Million	-22.85%	0.35x	$3.96 Million
Aeeris Ltd (AER)	$584.79K	-43.08%	0.80x	$4.98 Million
Aerometrex Ltd (AMX)	$34.70 Million	-11.88%	0.33x	$15.79 Million
Assetowl Ltd (AO1)	$4.13 Million	-98.29%	0.07x	$1.38 Million
Bridge Saas Ltd (BGE)	$1.96 Million	-1.09%	0.41x	$1.84 Million

About Xero Ltd

AU:XRO Australia Software - Application

Market Cap

$9.90 Billion

AU$13.99 Billion AUD

Market Cap Rank

#2254 Global

#44 in Australia

Share Price

AU$80.57

Change (1 day)

+0.66%

52-Week Range

AU$70.42 - AU$194.21

All Time High

AU$194.21