TYRO PAYMENTS LIMITED (TYR)
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TYR

TYR - TYRO PAYMENTS LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 0.34
Index: ASX300 | ALL-ORDS | ALL-TECH

Tyro Payments provides card-payment, business banking and lending products to Australian small and medium-sized businesses, with a focus on hospitality, retail and healthcare.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.765

27 Aug
2026

-0.040

OPEN

$0.80

-4.97%

HIGH

$0.80

3,243,243

LOW

$0.76

TARGET
$0.97 26.8% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
TYR: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 4.1 4.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 19.5% 13.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.3 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx4.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx489.4 M
Book Value Per Share xxxxxxxxxxxxxxx47.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-66.0 M
Net Profit Margin xxxxxxxxxxxxxxx4.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx8.97 %
Return on Invested Capital xxxxxxxxxxxxxxx8.20 %
Return on Assets xxxxxxxxxxxxxxx4.14 %
Return on Equity xxxxxxxxxxxxxxx8.97 %
Return on Total Capital xxxxxxxxxxxxxxx8.50 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-67.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx20 M
Total Debt xxxxxxxxxxxxxxx25 M
Goodwill - Gross xxxxxxxxxxxxxxx16 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx139 M
Price To Book Value xxxxxxxxxxxxxxx1.65

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx14.2 M
Capex % of Sales xxxxxxxxxxxxxxx2.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx295 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx166 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx126 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

26/08/2026

3

Neutral

$0.90

17.65%

Tyro Payments' FY26 gross profit, up 5.3%, was at the bottom end of the guidance range, with the gross payments margin up 0.5bps to 45.9bps. 

Health, (17% of gross profit), remains the most attractive segment of Tyro, Macquarie notes, despite the moderation in total transaction value due to changes in GP bulk billing.

FY27 guidance for $240-$255m gross profit suggests 6.7% growth, and earnings margins of 28.5%-30.5% imply 60bps margin expansion. Macquarie considers the risk/reward facing Tyro as balanced at current prices.

Neutral retained, target falls to 90c from 92c.

FORECAST
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.60 cents.
Macquarie forecasts a full year FY28 dividend of 0.00 cents and EPS of 5.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

07/04/2026

1

Buy

$1.60

109.15%

Canaccord Genuity maintains a Buy rating for Tyro Payments with $1.60 price target following the Reserve Bank of Australia’s (RBA) final conclusions on merchant card payment costs.

October 2026 implementation removes merchant surcharging and reduces interchange fees —with credit capped at 30bps and debit at 8cpt— yielding a net-neutral gross profit impact as lower revenue is offset by reduced cost of goods sold, the report concludes.

Canaccord Genuity highlights only 30% of Tyro merchants voluntarily surcharge, limiting churn risk, while increased fee transparency for large acquirers favours Tyro’s competitive positioning.

FY26 EBITDA guidance of $66m-$72m remains unchanged. Potential margin upside persists if incumbent banks are slow to reprice to recoup lost revenue, with a $100m net cash position providing significant strategic flexibility.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.90 cents.
Access Extra Coverage Research History >

TYR STOCK CHART

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