Tyro Payments (TYR) H2 2026 earnings summary

Executive summary

• Delivered strong FY26 results, meeting guidance with higher earnings, improved profitability, and robust cash generation, driven by focused investments in health, banking, enterprise, and e-commerce.

• Multi-product adoption and platform investments enhanced customer economics and shareholder returns.

• Expanded distribution and realigned sales teams to target priority growth markets.

• Significant market opportunity remains, with only 3% penetration of the AUD 1 trillion Australian payments market.

• Platform integration, local expertise, and scale underpin a differentiated competitive position.

Financial highlights

• Gross profit rose 5.3% to AUD 231.8 million year-over-year; EBITDA increased 8.6% to AUD 66.9 million, with margin expanding to 28.9%.

• Free cash flow surged 49.5% to AUD 29.4 million.

• Total transaction value (TTV) grew 2.9% to AUD 44.3 billion.

• Normalised profit before tax grew 40% to AUD 24.7 million.

• Banking gross profit climbed 23% to AUD 16.5 million, with customer deposits up 27.3% and loan originations up 19.4%.

Outlook and guidance

• FY27 normalized gross profit expected between AUD 240 million and AUD 255 million.

• Normalized EBITDA margin forecasted at 28.5%-30.5%.

• Focus on core TTV growth, improved merchant retention, and higher banking adoption.

• Anticipates payments growth, normalization in health segment post-bulk billing changes, and further banking adoption.

• Guidance incorporates regulatory changes to surcharging and interchange, with a prudent macroeconomic outlook.