VYX

MKT CAP:$981M

NCR Voyix Corporation

Market Cap

$981M

Technology·Information Technology Services·🇺🇸 United States·NYSE

Technology·IT Services·🇺🇸·NYSE

Stock Price

$6.72-$3.14 (-31.85%)

Apr 23, 2026

Company Details

NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Se...

CEO

James G. Kelly

IPO Date

Dec 11, 1996

Website

ncrvoyix.com

Key Metrics TTM

Revenue

$6.5B

+3.7% YoY

Net Income

$128M

EPS (Diluted)

$0.83

Free Cash Flow

$697M

Revenue / Share

$46.63

Gross Margin

25.3%

Operating Margin

6.9%

Net Margin

2.0%

FCF Margin

10.7%

P/S

0.2x

P/E

7.7x

Earnings Reports

Q2 2025

May 14, 2026

PENDING

FY 2025

Feb 26, 2026

$2.7B-4.9%EPS $0.30

Q1 2025

May 8, 2025

$617MEPS -$0.15

FY 2024

Feb 27, 2025

$2.8B-11.1%EPS -$4.06

FY 2023

Mar 14, 2024

$3.2BEPS -$3.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$1.4B	$380M	$101M
Q1 17	$1.5B	$412M	$115M
Q4 18	$1.8B	$442M	$63M
Q1 20	$1.5B	$397M	$77M
Q2 20	$1.5B	$372M	$89M
Q3 20	$1.6B	$427M	$118M
Q1 21	$1.5B	$414M	$110M
Q2 21	$1.7B	$456M	$84M
Q3 21	$1.9B	$520M	$157M
Q4 21	$2.0B	$503M	$123M
Q3 22	$2.0B	$491M	$187M
Q1 25	$617M	$135M	-$20M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q1 17	—	—
Q4 18	—	—
Q1 20	0.2x	15.1x
Q2 20	0.2x	10.1x
Q3 20	0.2x	13.8x
Q1 21	0.2x	6.6x
Q2 21	0.2x	8.5x
Q3 21	0.1x	15.3x
Q4 21	0.1x	10.1x
Q3 22	0.1x	7.2x
Q1 25	0.2x	7.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$11M	-$29M
Q1 17	$36M	-$16M
Q4 18	$396M	$317M
Q1 20	$61M	$51M
Q2 20	$222M	$214M
Q3 20	$212M	$207M
Q1 21	$155M	$145M
Q2 21	$155M	$135M
Q3 21	$497M	$459M
Q4 21	$270M	$232M
Q3 22	$127M	$87M
Q1 25	-$42M	-$81M

Capital Expenditures

Quarter	CapEx
Q1 16	$40M
Q1 17	$52M
Q4 18	$79M
Q1 20	$10M
Q2 20	$8M
Q3 20	$5M
Q1 21	$10M
Q2 21	$20M
Q3 21	$38M
Q4 21	$38M
Q3 22	$40M
Q1 25	$39M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	+2.8%	+3.9%
Q3 20	+7.5%	+7.9%
Q1 21	-14.3%	-17.5%
Q2 21	+11.6%	+11.7%
Q3 21	+28.1%	+25.0%
Q4 21	+28.0%	+29.9%
Q3 22	+27.7%	+24.5%
Q1 25	-63.2%	-60.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$13M	0.9%
Q1 17	$19M	1.3%
Q4 18	$17M	0.9%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q3 22	$0	0.0%
Q1 25	$9M	1.5%

OpEx Breakdown

Quarter	R&D	G&A
Q1 16	$53M	$224M
Q1 17	$67M	$230M
Q4 18	$62M	$228M
Q1 20	$65M	$255M
Q2 20	$49M	$233M
Q3 20	$55M	$254M
Q1 21	$66M	$235M
Q2 21	$69M	$300M
Q3 21	$69M	$291M
Q4 21	$64M	$185M
Q3 22	$40M	$254M
Q1 25	$40M	$115M

Revenue Segments

Quarter	All other products and services	Recurring revenue
Q1 25	$210M	$407M

Revenue by Geography

Quarter	Americas (Excluding United States)	Asia Pacific	Emea	United States
Q1 25	$43M	$59M	$132M	$383M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$412M	$0	$412M
Q2 22	$398M	$0	$398M
Q3 22	$434M	$0	$434M
Q4 22	$221M	$0	$221M
Q1 23	$519M	$0	$519M
Q2 23	$547M	$0	$547M
Q3 23	$675M	$0	$675M
Q4 23	$259M	$0	$259M
Q1 24	$246M	$0	$246M
Q2 24	$204M	$0	$204M
Q3 24	$795M	$0	$795M
Q4 24	$724M	$0	$724M
Q1 25	$573M	$0	$573M
Q2 25	$276M	$0	$276M
Q3 25	$288M	$0	$288M
Q4 25	$239M	$0	$239M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	133M	—	—
Q1 17	123M	-7.5%	—
Q4 18	119M	-3.4%	—
Q1 20	131M	+10.0%	—
Q2 20	129M	-1.2%	-2.9%
Q3 20	130M	+0.6%	+5.6%
Q1 21	135M	+3.9%	+13.6%
Q2 21	131M	-2.7%	+0.4%
Q3 21	138M	+5.2%	+6.9%
Q4 21	140M	+1.8%	+8.2%
Q3 22	140M	0.0%	+4.2%
Q1 25	140M	-0.3%	+6.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$44.3K	33K
Q1 17	$44.1K	34K
Q4 18	$53.0K	34K
Q1 20	$41.8K	36K
Q2 20	$41.2K	36K
Q3 20	$44.1K	36K
Q1 21	$42.9K	36K
Q2 21	$46.6K	36K
Q3 21	$52.8K	36K
Q4 21	$53.5K	38K
Q3 22	$51.9K	38K
Q1 25	$44.1K	14K

Revenue / Employee