XRX

MKT CAP:$207M

Xerox Holdings Corporation

Market Cap

$207M

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

Technology·IT Services·🇺🇸·NASDAQ

Stock Price

$1.72-$0.74 (-30.28%)

Apr 17, 2026

Company Details

Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop m...

CEO

Steven John Bandrowczak

IPO Date

Apr 17, 1936

Website

www.xerox.com

Key Metrics TTM

Revenue

$7.0B

+10.2% YoY

Net Income

-$1.0B

EPS (Diluted)

-$8.28

Free Cash Flow

$302M

Revenue / Share

$54.84

Gross Margin

36.8%

Operating Margin

-0.9%

Net Margin

-14.7%

FCF Margin

4.3%

P/S

0.0x

P/E

—

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Mar 16, 2026

$7.0B+52.4%EPS -$8.28

Q4 2025

Mar 16, 2026

$2.0BEPS -$0.59

Q3 2025

Nov 10, 2025

$2.0B+28.3%EPS -$6.07

Q2 2025

Aug 7, 2025

$1.6B-0.1%EPS -$0.87

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$1.8B	$639M	$112M
Q3 21	$1.8B	$569M	$61M
Q4 21	$1.8B	$557M	$70M
Q3 22	$1.8B	$543M	$66M
Q4 22	$1.9B	$675M	$167M
Q1 23	$1.7B	$560M	$101M
Q2 23	$1.8B	$597M	$96M
Q3 23	$1.7B	$566M	$63M
Q4 23	$1.8B	$592M	$86M
Q1 24	$1.5B	$443M	-$13M
Q2 24	$1.6B	$520M	$67M
Q3 24	$1.5B	$495M	$70M
Q1 25	$1.5B	$426M	-$4M
Q2 25	$1.6B	$441M	$30M
Q3 25	$2.0B	$1.2B	-$136M
Q4 25	$2.0B	$546M	$44M

Valuation

Quarter	P/S	P/E
Q2 21	0.6x	15.0x
Q3 21	0.5x	12.9x
Q4 21	0.5x	—
Q3 22	0.3x	—
Q4 22	0.4x	—
Q1 23	0.3x	—
Q2 23	0.3x	—
Q3 23	0.3x	10.6x
Q4 23	0.3x	2055.9x
Q1 24	0.3x	—
Q2 24	0.2x	—
Q3 24	0.2x	—
Q1 25	0.1x	—
Q2 25	0.1x	—
Q3 25	0.1x	—
Q4 25	0.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$214M	$198M
Q3 21	$100M	$81M
Q4 21	$198M	$182M
Q3 22	-$8M	-$18M
Q4 22	$186M	$168M
Q1 23	$78M	$70M
Q2 23	$95M	$88M
Q3 23	$124M	$112M
Q4 23	$389M	$379M
Q1 24	-$79M	-$89M
Q2 24	$123M	$115M
Q3 24	$116M	$107M
Q1 25	-$89M	-$109M
Q2 25	-$11M	-$30M
Q3 25	$159M	$131M
Q4 25	$334M	$310M

Capital Expenditures

Quarter	CapEx
Q2 21	$16M
Q3 21	$19M
Q4 21	$16M
Q3 22	$10M
Q4 22	$18M
Q1 23	$8M
Q2 23	$7M
Q3 23	$12M
Q4 23	$10M
Q1 24	$10M
Q2 24	$8M
Q3 24	$9M
Q1 25	$20M
Q2 25	$19M
Q3 25	$28M
Q4 25	$24M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+22.4%	+19.0%
Q3 21	-0.5%	+2.9%
Q4 21	-7.9%	-3.0%
Q3 22	+2.5%	+3.1%
Q4 22	+8.3%	+5.5%
Q1 23	-2.4%	-4.9%
Q2 23	-1.3%	-2.9%
Q3 23	-5.7%	-5.8%
Q4 23	-9.1%	-5.4%
Q1 24	-12.4%	-6.1%
Q2 24	-10.0%	-8.9%
Q3 24	-7.5%	-8.2%
Q1 25	-17.5%	-13.0%
Q2 25	+4.9%	+2.0%
Q3 25	+24.3%	+38.8%
Q4 25	+32.7%	+36.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$14M	0.8%
Q3 21	$0	0.0%
Q4 21	$10M	0.6%
Q3 22	$13M	0.7%
Q4 22	$0	0.0%
Q1 23	$14M	0.8%
Q2 23	$14M	0.8%
Q3 23	$12M	0.7%
Q4 23	$0	0.0%
Q1 24	$12M	0.8%
Q2 24	$17M	1.1%
Q3 24	$9M	0.6%
Q1 25	$12M	0.8%
Q2 25	$14M	0.9%
Q3 25	$7M	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 21	$79M	—	—	$434M
Q3 21	$82M	—	—	$413M
Q4 21	$63M	—	—	$424M
Q3 22	$59M	—	—	$418M
Q4 22	$69M	—	—	$428M
Q1 23	$52M	—	—	$407M
Q2 23	$57M	—	—	$444M
Q3 23	$52M	—	—	$416M
Q4 23	$56M	—	—	$440M
Q1 24	$49M	—	—	$397M
Q2 24	$50M	$392M	$1M	—
Q3 24	$45M	—	—	$370M
Q1 25	$42M	—	—	$378M
Q2 25	$43M	—	—	$368M
Q3 25	$74M	—	—	$477M
Q4 25	$71M	—	—	$431M

Revenue Segments

Quarter	Financial Service	Maintenance	Manufactured Product, Other	Rental And Other	Service Arrangements	Supplies, Paper And Other Sales	I T Solutions Segment
Q2 21	$56M	$448M	$429M	$111M	$508M	$241M	—
Q3 21	$55M	$447M	$387M	$106M	$493M	$270M	—
Q4 21	$55M	$457M	$384M	$111M	$501M	$269M	—
Q3 22	$51M	$420M	$390M	$103M	$487M	$300M	—
Q4 22	$51M	$435M	$554M	$102M	$502M	$297M	—
Q1 23	$52M	$409M	$391M	$100M	$495M	$268M	—
Q2 23	$49M	$419M	$420M	$91M	$499M	$276M	—
Q3 23	$46M	$395M	$386M	$85M	$482M	$258M	—
Q4 23	$44M	$408M	$458M	$84M	$508M	$263M	—
Q1 24	$42M	$387M	$290M	$77M	$473M	$233M	—
Q2 24	$38M	$388M	$356M	$74M	$467M	$255M	—
Q3 24	$38M	$370M	$339M	$78M	$454M	$249M	—
Q1 25	$33M	$368M	$284M	$70M	$429M	$168M	$105M
Q2 25	$32M	$379M	$336M	$61M	$439M	$176M	$153M
Q3 25	$32M	$440M	$383M	$71M	$425M	$445M	$165M
Q4 25	$29M	$441M	$485M	$52M	$438M	$483M	$100M

Revenue by Geography

Quarter	Canada	Europe	Other Geographical Markets	United States	Asia Pacific	Latin America
Q2 21	$104M	$514M	$160M	$1.0B	—	—
Q3 21	$97M	$487M	$162M	$1.0B	—	—
Q4 21	$104M	$523M	$169M	$981M	—	—
Q3 22	$131M	$470M	$164M	$986M	—	—
Q4 22	$164M	$532M	$149M	$1.1B	—	—
Q1 23	$144M	$474M	$150M	$947M	—	—
Q2 23	$136M	$497M	$139M	$982M	—	—
Q3 23	$130M	$457M	$132M	$933M	—	—
Q4 23	$144M	$523M	$134M	$964M	—	—
Q1 24	$121M	$451M	$119M	$811M	—	—
Q2 24	$126M	$461M	$119M	$872M	—	—
Q3 24	$117M	$440M	$110M	$861M	—	—
Q1 25	$103M	$402M	$102M	$850M	—	—
Q2 25	$108M	$438M	$100M	$930M	—	—
Q3 25	$125M	$511M	$49M	$1.1B	$65M	$87M
Q4 25	$128M	$601M	—	$1.1B	$89M	$187M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.7B	$0	$1.7B
Q2 22	$1.2B	$0	$1.2B
Q3 22	$963M	$0	$963M
Q4 22	$1.0B	$0	$1.0B
Q1 23	$591M	$0	$591M
Q2 23	$526M	$0	$526M
Q3 23	$590M	$0	$590M
Q4 23	$519M	$0	$519M
Q1 24	$685M	$0	$685M
Q2 24	$485M	$0	$485M
Q3 24	$521M	$0	$521M
Q4 24	$576M	$0	$576M
Q1 25	$336M	$0	$336M
Q2 25	$449M	$0	$449M
Q3 25	$479M	$0	$479M
Q4 25	$512M	$0	$512M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	189M	-4.6%	-12.3%
Q3 21	182M	-3.9%	-14.6%
Q4 21	171M	-5.8%	-14.6%
Q3 22	156M	-9.0%	-21.4%
Q4 22	156M	+0.3%	-17.4%
Q1 23	158M	+1.0%	-13.1%
Q2 23	157M	-0.5%	-8.2%
Q3 23	157M	+0.1%	+0.9%
Q4 23	123M	-21.7%	-21.2%
Q1 24	124M	+0.7%	-21.4%
Q2 24	126M	+1.3%	-20.0%
Q3 24	124M	-1.0%	-20.9%
Q1 25	124M	0.0%	+1.0%
Q2 25	126M	+1.2%	+1.5%
Q3 25	126M	0.0%	+0.2%
Q4 25	128M	+1.8%	+3.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$72.6K	25K
Q3 21	$71.2K	25K
Q4 21	$76.3K	23K
Q3 22	$75.2K	23K
Q4 22	$94.7K	21K
Q1 23	$83.7K	21K
Q2 23	$85.6K	21K
Q3 23	$80.6K	21K
Q4 23	$87.8K	20K
Q1 24	$74.7K	20K
Q2 24	$78.5K	20K
Q3 24	$76.0K	20K
Q1 25	$86.7K	17K
Q2 25	$93.8K	17K
Q3 25	$116.7K	17K
Q4 25	$88.6K	23K

Revenue / Employee