Xero Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

ASX:XRO Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Apr 26	BuyAU$160,694,588	Australian Super Pty Ltd	Company	1,943,685	AU$82.68
13 Apr 26	SellAU$9,769,379	Australian Super Pty Ltd	Company	117,159	AU$83.39
24 Dec 25	BuyAU$486,897,312	Australian Super Pty Ltd	Company	2,853,527	AU$170.63
24 Dec 25	SellAU$4,207,859	Australian Super Pty Ltd	Company	24,616	AU$170.94
11 Dec 25	BuyAU$148,276	Dale Murray	Individual	1,286	AU$115.30
18 Nov 25	BuyAU$98,408	Andrew Cross	Individual	820	AU$120.01
18 Nov 25	BuyAU$99,852	David Thodey	Individual	833	AU$119.87
07 Aug 25	BuyAU$355,786	Brian McAndrews	Individual	2,000	AU$177.89

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of XRO?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	7,408,683	4.34%
Institutions	46,058,313	27%
General Public	117,093,325	68.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 28.58% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.13%	Australian Super Pty Ltd	13,860,696	AU$1.1b	15.2%	0.57%
5.8%	The Vanguard Group, Inc.	9,897,119	AU$757.5m	5.49%	0.01%
4.06%	BlackRock, Inc.	6,921,832	AU$529.8m	0.58%	no data
1.77%	Anna Stuck	3,021,655	AU$231.3m	0%	no data
1.08%	BetaShares Capital Limited	1,846,974	AU$141.4m	4.61%	0.37%
1.08%	Rodney Drury	1,846,567	AU$141.3m	0%	no data
1.08%	Scott Moran	1,846,567	AU$141.3m	0%	no data
0.8%	Geode Capital Management, LLC	1,364,429	AU$104.4m	0.93%	no data
0.69%	Norges Bank Investment Management	1,171,903	AU$89.7m	0%	no data
0.55%	Dimensional Fund Advisors LP	940,856	AU$72.0m	-0.44%	0.01%
0.55%	State Street Global Advisors, Inc.	936,838	AU$71.7m	1.67%	no data
0.49%	Australian Foundation Investment Company Limited	835,000	AU$63.9m	0%	0.04%
0.28%	Charles Schwab Investment Management, Inc.	472,608	AU$36.2m	3.5%	no data
0.25%	UBS Asset Management AG	431,640	AU$33.0m	0.35%	no data
0.24%	Netwealth Investments Ltd.	414,104	AU$31.7m	0%	0.2%
0.23%	Nordea Investment Management, AB	397,274	AU$30.4m	0%	0.01%
0.2%	Baillie Gifford & Co.	342,179	AU$26.2m	0%	0.01%
0.19%	Nelson Wang	323,494	AU$24.8m	0%	no data
0.19%	Ko Pei Chun	323,494	AU$24.8m	0%	no data
0.17%	Milford Asset Management, LTD	291,348	AU$22.3m	0%	0.17%
0.16%	Deutsche Asset & Wealth Management	280,185	AU$21.4m	0%	no data
0.16%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	269,647	AU$20.6m	-41.6%	no data
0.15%	HSBC Global Asset Management (UK) Limited	251,105	AU$19.2m	2.62%	no data
0.14%	Sjunde AP-fonden	242,319	AU$18.5m	0%	0.01%
0.13%	Legal & General Investment Management Limited	223,798	AU$17.1m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/21 02:00
End of Day Share Price	2026/05/21 00:00
Earnings	2026/03/31
Annual Earnings	2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Xero Limited is covered by 26 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Eric Choi	Barrenjoey Markets Pty Limited
Aryan Norozi	Barrenjoey Markets Pty Limited