The Tyro Payments Ltd (ASX: TYR) share price is in focus after reporting a 5.3% rise in gross profit to $231.8 million and an 8.6% lift in EBITDA to $66.9 million for FY26.
What did Tyro Payments report?
- Gross profit increased 5.3% to $231.8 million
- EBITDA up 8.6% to $66.9 million
- Normalised profit before tax surged 40% to $24.7 million
- Free cash flow rose 49.5% to $29.4 million
- eCommerce volumes climbed 25%
- Number of banking accounts grew by 35%
What else do investors need to know?
Tyro continued its growth in priority markets, with Allied Health up 26% and Dental up 19%. The company reported merchant retention improvements and expanded into new enterprise and franchise customers such as Bakers Delight, Lune, and Drummond Golf.
In banking, deposits were up 27% and loan origination rose 19%. The acquisition of Thriday is set to broaden Tyro’s accounting and financial management offering, aiming to increase the value from multi-product customers who tend to stay longer with the business.
What’s next for Tyro Payments?
Tyro expects to build on its momentum, with forecast FY27 normalised gross profit between $240 million and $255 million and an EBITDA margin of 28.5% to 30.5%. The company is targeting further growth in SME relationships, enterprise wins, and solidifying its strong position in health, eCommerce, and banking.
Management highlighted Tyro’s local focus as a differentiator, with the flexibility to invest in customer-centric capabilities, while maintaining financial discipline to drive long-term shareholder value.
Tyro Payments share price snapshot
Over the past 12 months, Tyro Payments shares have declined 27%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
The post Tyro Payments FY26: Earnings rise, growth outlook improves appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Tyro Payments. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.
