In its FY26 financial results presentation delivered on 26 August 2026, Airtasker Limited reported record Group Gross Marketplace Volume (GMV) of $240m, up 14.9% on the prior corresponding period (pcp). CEO Tim Fung and incoming CFO Reena Minhas outlined a dual-engine model, a profitable Australian core generating cash to fund high-growth expansion in the United Kingdom and United States, where international GMV annual recurring revenue (ARR) now exceeds $40m.
The result marked an acceleration from +9.5% growth in FY25 and -3.5% in FY24. Group revenue reached a record $57.8m (up 9.9% on pcp), while Australia plus head office cash generation rose 8.6% to $16.5m.
FY26 results at a glance
The headline metrics presented by management captured both the scale of the Australian marketplace and the pace of international acceleration.
| Metric | FY26 | Growth on pcp | Note |
|---|---|---|---|
| Group GMV | $240m | +14.9% | Acceleration from +9.5% FY25 |
| Group revenue | $57.8m | +9.9% | Record |
| Airtasker marketplaces revenue (ex-Oneflare) | $52.0m | +15.5% | — |
| Australia revenue (ex-Oneflare) | $46.3m | +11.3% | GMV $211.6m |
| International revenue | $5.8m | +65.8% | UK +55%, US +150% |
| Australia + head office cash generation | $16.5m | +8.6% | Funds international expansion |
| Members (paid subscribers) | 10,000+ | from c.1,000 at 3Q26 | New recurring revenue |
Management noted that every FY26 guidance item was achieved:
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Airtasker Australia (ex-Oneflare) delivered double-digit revenue growth of +11.3%
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The Oneflare business and operations were migrated to Airtasker Australia, with the brand and technology platform retired
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Australian cash generation (after covering global head office costs) reached $16.5m, up 8.6%
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UK revenue grew +55.4% and US revenue grew +149.8% on pcp
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The dual-engine model: profitable Australia funding global growth
The core investment thesis presented centres on the Australian marketplace generating surplus cash that funds international scaling. In FY26, the Australian marketplaces generated $37.1m cash (up 7.2% on pcp), and after covering $20.6m of global head office costs, delivered net Australian cash generation of $16.5m.
Monetisation rate in Australia held stable at 21.9%, reflecting steady marketplace economics. Management detailed how the surplus was deployed to accelerate international growth while protecting the balance sheet.
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Completed a $10.0m capital raise ($9.5m net proceeds), investing $5.0m in a disciplined program of UK and US marketing in 2H26
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Repaid $10.8m of oOh!media and ARN media partnership notes for cash, earning a $300,000 discount (a 27% reduction in total interest cost) and avoiding dilution
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Closing cash and term deposits stood at $12.4m as at 30 June 2026
Airtasker’s Mission
“To empower people to realise the full value of their skills.”
International momentum: UK and US ahead of schedule
The international marketplaces delivered standout growth, with both markets tracking against a three-year city-level target.
| Market | GMV ARR | Revenue growth | Milestone |
|---|---|---|---|
| United Kingdom | $29.3m (£15.4m), +53.1% | +55.4% | Reached 3-year $25m GMV ARR milestone at month 33 |
| United States | $10.9m (US$7.7m), +57.9% | +149.8% | Ahead of progress at month 22 vs 3-year timeline |
In the UK, Airtasker membership launched in May 2026 with 500 subscribers acquired, while Channel 4 provided a follow-on investment of $5.1m (£2.5m) in October 2025, bringing total investment to £10.0m. In the US, membership also launched in May 2026 with 200 subscribers, supported by an iHeartMedia follow-on investment of $7.7m (US$5.0m) in November 2025.
The presentation detailed the city-level marketplace model, which targets $25m GMV ARR and a cash-positive position within three years of launch. This target is based on a city with a population of approximately 10 million, such as London or Los Angeles.
Understanding Airtasker’s marketplace model
Airtasker operates an online marketplace connecting people who need work done with people who want to work. Posting a task and receiving offers is free, with fees charged at the point of connection, task completion, or in certain cases task cancellation. This light-touch model delivers gross margins of 95%+.
Across FY26, GMV broke down as 76.0% paid to users, 21.7% revenue, and 2.3% sales tax. The monetisation rate, which represents revenue as a percentage of GMV, held stable at approximately 21.7% group-wide.
The newly introduced Airtasker membership adds a recurring revenue stream on top of transaction-based fees. The mechanics presented were:
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$89 per year charged upfront (including GST) for unlimited tasks with no Connection Fee
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$6.74 per month recognised as revenue over 12 months (excluding GST)
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Automatic renewal every 12 months, with Service Fees paid by Taskers still applying
Recurring subscription revenue adds predictability and stickiness alongside the existing transaction-based model, an attribute management highlighted as strengthening revenue quality over time.
Growth strategy and the AI tailwind
Management outlined a three-pillar growth strategy:
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Core platform investment to maintain market leadership through the Airtasker brand and platform experience
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Profitable growth in Australia to generate cash
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Scaling in the UK and US, leveraging the platform and turbocharged by media partnerships
A central theme of the presentation was Airtasker’s positioning relative to artificial intelligence, framed as a tailwind rather than a threat. Management noted that 95% of Airtasker jobs require physical, real-world skills such as cleaning, moving, furniture assembly, handyman work, and gardening, categories with lower exposure to AI-driven automation.
The company also reported that AI-referred traffic increased 214% on pcp, with AI visitors signing up at 5.3x the marketplace average. Agentic commerce is now live, with the Airtasker MCP listed on the ChatGPT marketplace. Developer velocity rose 3.0x on pcp, with the membership product built in five weeks from ideation to launch. Rebooking volumes climbed 96.1% to over 33,000 annualised bookings, representing GMV ARR of $8.0m.
“Plumbers will win the AI race,”
— Jensen Huang, CEO, NVIDIA
FY27 outlook
Management disclosed forward guidance for FY27, framed as stated targets rather than commitments.
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Australia to deliver double-digit revenue growth (ex-Oneflare), with increasing contribution from topline GMV growth
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Australia cash generation (including all global head office costs) to increase from the FY26 figure of $16.5m
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Membership to reach 50,000+ paid subscribers
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UK to continue growing GMV and revenue while reducing cash investment compared to FY26
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US GMV and revenue growth supported by a targeted program of marketing activity alongside media partners
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Group positive free cash flow targeted
The FY27 outlook reinforces the model presented throughout the results briefing, where a profitable Australian core funds international expansion, with management targeting Group positive free cash flow as the international marketplaces mature towards their city-level cash-positive goals.
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