Tyro Payments FY26: Earnings rise, growth outlook improves

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.

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