Xero's board approved a $1 billion on-market share buyback to run over 12 months.

The company posted half year fiscal 2027 operating revenue of NZD 1.745 billion, up 46% year over year. Adjusted EBITDA for the period rose to NZD 362 million.

Xero also upgraded its full fiscal 2027 outlook. The firm now guides for total revenue between NZD 3.77 billion and NZD 3.83 billion, with adjusted EBITDA forecast at NZD 880 million to 920 million.

In a separate decision filed the same day, the Marion County School Board voted unanimously to approve a $52.5 million plan to consolidate two local elementary schools onto one campus.