ASX:XRO 5 February 2026 - 15 July 2026

Xero Limited has told employees rated “Below Expectation” to either take voluntary severance or go on a 30-day performance-improvement plan. The company is getting stricter as it ramps up its push into artificial intelligence and U.S. payments. CEO Sukhinder Singh Cassidy wrote to staff, “As AI changes how work gets done, we have the chance to redefine how small business finance works.” The change follows a 58% spike in non-cash share-based payment expense to NZ$240.1 million, or 43.3% of Xero’s free cash flow. That’s up from 30.0% a year ago.

Xero Ltd picked up 2% on Wednesday, finishing at A$80.46. Not many blue chips managed gains, with the S&P/ASX 200 falling 1.94% by the close.

Xero Ltd stock ended Thursday in positive territory. The accounting software firm revealed a minor share issue connected to its Melio buy, while investors kept an eye on a bigger tranche set to exit escrow in April.

Xero Ltd dipped 0.4% to finish at A$81.76 on Friday, keeping the accounting software group parked close to its 52-week lows before the ASX opens again on Monday. Shares moved between A$79.25 and A$82.16 during the day, still feeling the effects of a turbulent week. https://www.investing.com/equities/xero