Canva fined over half a million dollars for late accounts ahead of planned stock market debut
Australia's corporate regulator said on Wednesday that it issued infringement notices worth $570,715.20 to four firms within Australian graphic design platform Canva Group for allegedly failing to lodge financial reports for fiscal 2024.
Employee works at the Canva headquarters in Sydney, Australia. Brendon Thorne/Bloomberg/Getty.
Australia's corporate regulator said on Wednesday that it issued infringement notices worth $570,715.20 to four firms within Australian graphic design platform Canva Group for allegedly failing to lodge financial reports for fiscal 2024.
- Canva's four Australian entities were fined a total of $570,715.20 by the corporate regulator for failing to file their fiscal 2024 financial reports by the April 30, 2025 deadline.
- The consolidated financial report covering all four companies was eventually filed on March 27, 2026, nearly 11 months late.
- The fine comes as Canva prepares for a planned stock market debut, following an employee stock sale in August 2025 that valued the company at $42 billion.
Key Takeaways by nexos.ai, reviewed by Cybernews staff.
Canva Pty, Canva Operations Pty, Canva Trading Pty and Fusion Books Pty were the four firms that paid an infringement notice of A$198,000 each for not lodging their financial reports by the due date of April 30, 2025.
Canva Pty lodged its FY24 consolidated report covering the four companies on March 27, 2026, the Australian Securities and Investments Commission (ASIC) said in its statement.
"We take our reporting obligations seriously and regularly share public updates on our business and growth," a Canva spokesperson said.
"We are now fully up to date on all lodgements and have strong processes in place to maintain this going forward."
Canva has been reportedly preparing to go public, with the firm launching an employee stock sale in August 2025 that valued the company at $42 billion at the time. Details of the number of shares to be sold were not revealed then.
Launched in 2013, Canva is a web-based platform that lets users design everything from wedding invitations and birthday cards to social media posts and presentations.
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