XERO LTD

Xero reported an operating revenue increase of 31% to NZ$2.75 billion for the second half of fiscal 2026 and customer growth to 4.92 million users. Adjusted EBITDA rose 18% to NZ$757 million, while gross margin fell to 83.9%, mainly due to the integration of Melio’s lower‑margin business. The stock fell about 8.6% as investors voiced concerns over profitability and margins. Management points to further growth potential, investments in AI and expansion of the payments business, but stresses the balance between growth and profitability. » More on de.investing.com

Xero Limited has entered into a binding agreement to acquire Melio Limited and its associated entities for $2.5 billion. The acquisition aims to strengthen Xero's position in the financial technology sector. The deal is expected to enhance Xero's service offerings for its customers. » More on insightfulaccountant.com

Xero Ltd. has agreed to acquire Melio Payments Inc. for $2.5 billion in a cash-and-stock deal, marking its largest acquisition to date. The move is expected to significantly boost Xero's U.S. presence and could more than double its group revenue by 2028. Melio's CEO, Matan Bar, will lead the combined U.S. business following the integration. » More on americanbanker.com