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Financials · XRX

Xerox Holdings Corporation (XRX) financials

For the twelve months ended Sep 30, 2026, Xerox Holdings Corporation reported $7.66B of revenue and -$1.18B of net income.

Revenue, TTM
$7.66B
Revenue growth, YoY
+16.0%
Net income, TTM
-$1.18B
Net margin
-15.4%
Free cash flow, TTM
$76.00M
Cash
$412.00M
Total debt
$4.06B
P/S
0.02
Market cap
$138.5M
Annual revenue$7.02B
FY2017FY2025
Annual net income-$1.03B
FY2017FY2025
Annual free cash flow$187.00M
FY2017FY2025

XRX revenue and earnings growth

XRX revenueQ3 2026$1.87B

Quarter YoY
-4.7%
QoQ
-2.8%
FY YoY
+12.9%
5Y CAGR
+0.0%

XRX revenue was $1.87B in fiscal Q3 2026 (ended Sep 30, 2026), down 4.7% from a year earlier and down 2.8% from the prior quarter. For the full fiscal 2025 it was $7.02B, up 12.9% from fiscal 2024. Compound annual growth was +0.0% over 5 years. It rose in 3 of the last 8 fiscal years.

XRX net incomeQ3 2026-$1.01B

XRX net income was -$1.01B in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$760.00M a year earlier. For the full fiscal 2025 it was -$1.03B, compared with -$1.32B in fiscal 2024.

XRX EPSQ3 2026-$7.73

XRX diluted EPS was -$7.73 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$6.01 a year earlier. For the full fiscal 2025 it was -$8.25, compared with -$10.75 in fiscal 2024.

XRX free cash flowQ3 2026$17.00M

Quarter YoY
-83.7%
QoQ
-26.1%
FY YoY
-61.4%
5Y CAGR
-18.0%

XRX free cash flow was $17.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 83.7% from a year earlier and down 26.1% from the prior quarter. For the full fiscal 2025 it was $187.00M, down 61.4% from fiscal 2024. Compound annual growth was -18.0% over 5 years. It rose in 3 of the last 7 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$7.02B$6.22B$6.89B$7.11B$7.04B$7.02B$9.07B$9.66B$9.99B
Gross profit---$275.00M$375.00M----
Selling, general and admin$1.65B$1.54B$1.70B$1.76B$1.72B$1.85B$2.08B$2.38B$2.51B
Interest expense$334.00M$225.00M$198.00M$199.00M$207.00M$215.00M$236.00M$244.00M$252.00M
Pre-tax income----$328.00M-$475.00M$252.00M$822.00M$549.00M$525.00M
Income tax$541.00M$105.00M-$29.00M-$3.00M-$17.00M$64.00M$179.00M$247.00M$468.00M
Net income-$1.03B-$1.32B$1.00M-$322.00M-$455.00M$192.00M$1.35B$361.00M$195.00M
EPS, basic-$8.25-$10.75-$0.09-$2.15-$2.56$0.85$6.03$1.40$0.71
EPS, diluted-$8.25-$10.75-$0.09-$2.15-$2.56$0.84$5.80$1.38$0.71
Diluted shares----183.2M209.0M222.0M251.7M256.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$512.00M$631.00M$617.00M$1.14B$1.91B$2.63B$2.74B$1.08B$1.37B
Receivables$1.12B$796.00M$850.00M$857.00M$818.00M$883.00M$1.24B$1.27B-
Inventory$1.02B$695.00M$661.00M$797.00M$696.00M$843.00M$694.00M$829.00M-
Current assets$3.57B$2.94B$3.18B$4.11B$4.70B$5.78B$6.14B$4.71B-
Goodwill$2.22B$1.94B$2.75B$2.82B$3.29B$4.07B$3.90B$3.86B$3.92B
Total assets$9.82B$8.37B$10.01B$11.54B$13.22B$14.74B$15.05B$14.87B-
Current liabilities$3.22B$2.62B$2.78B$3.33B$2.83B$2.48B$3.44B$3.25B-
Short-term debt$231.00M$585.00M$567.00M$860.00M$650.00M$394.00M$1.05B$961.00M-
Long-term debt------$3.23B$4.27B-
Total debt$4.02B$2.81B$2.71B$2.87B$3.60B$4.05B$4.28B$5.23B-
Total liabilities$9.15B$7.06B$7.24B$7.97B$8.56B$8.93B$9.24B$9.62B-
Shareholders' equity$444.00M$1.08B$2.55B$3.35B$4.44B$5.60B$5.59B$5.04B$5.29B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow$224.00M$511.00M$686.00M$159.00M$629.00M$548.00M$1.33B$1.14B-$267.00M
Capital expenditures$37.00M$27.00M$29.00M$36.00M$29.00M$44.00M$41.00M$55.00M$69.00M
Free cash flow$187.00M$484.00M$657.00M$123.00M$600.00M$504.00M$1.29B$1.08B-$336.00M
Investing cash flow-$698.00M-$198.00M-$5.00M-$78.00M-$85.00M-$246.00M$2.15B-$29.00M$165.00M
Financing cash flow$404.00M-$271.00M-$1.20B-$822.00M-$1.31B-$416.00M-$1.83B-$1.30B-$985.00M
Dividends paid$71.00M$141.00M$165.00M$174.00M$206.00M$230.00M$243.00M$269.00M$291.00M
Share repurchases$0$8.00M$544.00M$113.00M$888.00M$300.00M$600.00M$700.00M$0
Stock-based compensation$45.00M$52.00M$54.00M$75.00M$54.00M$42.00M$50.00M$57.00M$52.00M
Depreciation and amortization$331.00M$274.00M$251.00M$270.00M$327.00M$368.00M$430.00M$526.00M$527.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY12.9%-9.7%-3.1%1.0%0.2%-22.5%-6.2%-3.3%-
Net income growth, YoY------85.8%274.8%85.1%-
EPS growth, YoY------85.5%320.3%94.4%-
Gross margin---3.9%5.3%----
Net margin-14.7%-21.2%0.0%-4.5%-6.5%2.7%14.9%3.7%2.0%
Free cash flow margin2.7%7.8%9.5%1.7%8.5%7.2%14.3%11.2%-3.4%
Return on equity-231.8%-122.3%0.0%-9.6%-10.2%3.4%24.2%7.2%3.7%
Return on assets-10.5%-15.8%0.0%-2.8%-3.4%1.3%9.0%2.4%-
Current ratio1.111.121.141.231.662.331.791.45-
Debt to equity9.052.611.060.850.810.720.771.04-

Source: XBRL data Xerox Holdings Corporation files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

XRX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
XRX$7.66B+16.0%-$1.18B-15.4%$138.5M
PANW$11.48B+24.5%$307.00M2.7%$270.81B
FTNT$7.88B+20.2%$2.28B29.0%$89.98B
LOGI$4.95B+5.7%$810.23M16.4%$13.83B
CRSR$1.47B+1.6%$44.86M3.0%$1.33B
EVLV$171.44M+41.7%-$5.22M-3.0%$862.2M
MITK$197.90M+11.1%$22.54M11.4%$834.8M
SSYS$551.10M-3.7%-$104.28M-18.9%$588.4M
IMMR$1.73B+4.1%$10.33M0.6%$230.4M

XRX FAQ

7 questions
  • What is XRX revenue?
    Xerox Holdings Corporation (XRX) reported $7.66B of revenue for the twelve months ended Sep 30, 2026. That is up 16.0% from the year before. Revenue for fiscal 2025 was $7.02B.
  • Is XRX profitable?
    No. Xerox Holdings Corporation reported a net loss of $1.18B for the twelve months ended Sep 30, 2026.
  • How much cash and debt does XRX have?
    Xerox Holdings Corporation reported $412.00M in cash and cash equivalents and $4.06B of debt on its most recent balance sheet in SEC filings.
  • How fast is XRX revenue growing?
    Xerox Holdings Corporation's revenue changed +12.9% in fiscal 2025, to $7.02B. Its compound annual growth rate was +0.0% over 5 years.
  • What is XRX free cash flow?
    Xerox Holdings Corporation generated $76.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $131.00M less capital expenditures.
  • When did XRX last report financial results?
    The latest statements here come from Xerox Holdings Corporation's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this XRX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Xerox Holdings Corporation files with the SEC. It is provided for information only and is not investment advice.