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Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally. It operates in two segments, Print and Other; and Xerox Financial Services (XFS). The company engages in the design, development, and sale of document systems, solutions, and services, as well as associated technology offerings, including IT and software products and services. It also offers workplace solutions, which include the sale of equipment, software, supplies, and the associated technical services; Entry, which is comprised of A4 desktop monochrome and color printers, and multifunction printers; Mid-range comprising A3 devices; and ConnectKey software. In addition, the company provides production solutions, including presses and solutions that provides black-and-white and full-color, as well as on-demand printing; xerographic and inkjet presses; and FreeFlow. Further, it offers Xerox services, which include Managed Print Services, IT solutions, Capture and Content Services, and Customer Engagement Services; XFS, which offers financing for direct channel customer purchases of Xerox equipment and solutions, and lease financing to Xerox equipment and solution purchases through indirect channels; CareAR; DocuShare; and XMPie. Additionally, it invests in startups and early/mid-stage growth companies. The company sells its products through its direct sales force, distributors, independent agents, dealers, value-added resellers, systems integrators, and e-commerce marketplaces. The company was formerly known as Xerox Corporation and changed its name to Xerox Holdings Corporation in August 2019. Xerox Holdings Corporation was founded in 1903 and is headquartered in Norwalk, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.0B | $91M | $-1.0B | $133M | -231.8% | 12.9% | -22.1% |
| 2024 | $6.2B | $-823M | $-1.3B | $467M | -122.8% | -9.7% | -132200.0% |
| 2023 | $6.9B | $291M | $1M | $649M | 0.0% | -3.1% | -100.3% |
| 2022 | $7.1B | $36M | $-322M | $102M | -9.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,107 | 6,886 | 6,221 | 7,022 |
| Operating Revenue | - | 7,107 | 6,886 | 6,221 | 7,022 |
| Cost Of Revenue | - | 4,789 | 4,572 | 4,261 | 5,121 |
| Gross Profit | - | 2,318 | 2,314 | 1,960 | 1,901 |
| Operating Expense | - | 2,106 | 1,961 | 1,801 | 1,957 |
| Research And Development | - | 304 | 229 | 191 | 230 |
| Selling General And Administration | - | 1,760 | 1,696 | 1,537 | 1,644 |
| Total Expenses | - | 6,895 | 6,533 | 6,062 | 7,078 |
| Operating Income | - | 212 | 353 | 159 | -56 |
| EBITDA | - | 36 | 291 | -823 | 91 |
| Normalized EBITDA | - | 508 | 589 | 396 | 173 |
| EBIT | - | -234 | 40 | -1,097 | -240 |
| Interest Income | - | 11 | 16 | 14 | 14 |
| Interest Expense | - | 91 | 68 | 119 | 248 |
| Net Interest Income | - | -80 | -52 | -105 | -234 |
| Other Non Operating Income Expenses | - | 15 | -31 | -51 | -116 |
| Other Income Expense | - | -457 | -329 | -1,270 | -198 |
| Interest Income Non Operating | - | 11 | 16 | 14 | 14 |
| Interest Expense Non Operating | - | 91 | 68 | 119 | 248 |
| Net Non Operating Interest Income Expense | - | -80 | -52 | -105 | -234 |
| Pretax Income | - | -325 | -28 | -1,216 | -488 |
| Tax Provision | - | -3 | -29 | 105 | 541 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -4.25 | -62.58 | -255.99 | -17.22 |
| Net Income Continuous Operations | - | -322 | 1 | -1,321 | -1,029 |
| Net Income From Continuing And Discontinued Operation | - | -322 | 1 | -1,321 | -1,029 |
| Net Income From Continuing Operation Net Minority Interest | - | -322 | 1 | -1,321 | -1,029 |
| Net Income | - | -322 | 1 | -1,321 | -1,029 |
| Net Income Common Stockholders | - | -336 | -13 | -1,335 | -1,043 |
| Net Income Including Noncontrolling Interests | - | -322 | 1 | -1,321 | -1,029 |
| Normalized Income | - | 145.75 | 236.42 | -357.99 | -964.22 |
| Diluted NI Availto Com Stockholders | - | -336 | -13 | -1,335 | -1,043 |
| Basic Average Shares | - | 156.01 | 149.12 | 124.21 | 126.47 |
| Diluted Average Shares | - | 156.01 | 149.12 | 124.21 | 126.47 |
| Reconciled Depreciation | - | 270 | 251 | 274 | 331 |
| Reconciled Cost Of Revenue | - | 4,561 | 4,364 | 4,060 | 4,873 |
| Total Unusual Items | - | -472 | -298 | -1,219 | -82 |
| Total Unusual Items Excluding Goodwill | - | -472 | -298 | -1,219 | -82 |
| Preferred Stock Dividends | - | 14 | 14 | 14 | 14 |
| Minority Interests | 0 | 0 | - | - | - |
| Net Income Discontinuous Operations | 0 | - | - | - | - |
| Earnings From Equity Interest Net Of Tax | 3 | 3 | - | - | - |
| Special Income Charges | - | -459 | -270 | -1,204 | -70 |
| Gain On Sale Of Business | - | 56 | 39 | -39 | 9 |
| Other Special Charges | - | 38 | 142 | -2 | 13 |
| Write Off | 12 | - | - | - | - |
| Impairment Of Capital Assets | - | 429 | 32 | 1,083 | -15 |
| Restructuring And Mergern Acquisition | - | 70 | 135 | 82 | 81 |
| Gain On Sale Of Security | - | -13 | -28 | -15 | -12 |
| Depreciation Amortization Depletion Income Statement | - | 42 | 43 | 73 | 83 |
| Depreciation And Amortization In Income Statement | - | 42 | 43 | 73 | 83 |
| General And Administrative Expense | - | - | 1,696 | 1,537 | 1,644 |
| Other Gand A | - | - | 1,696 | 1,537 | 1,654 |
| Salaries And Wages | - | - | 0 | 0 | -10 |
| Gain On Sale Of Ppe | 4 | 22 | 0 | 0 | - |
| Average Dilution Earnings | 0 | - | - | - | - |
| Amortization | - | 42 | 43 | 73 | 83 |
| Amortization Of Intangibles Income Statement | - | 42 | 43 | 73 | 83 |
| Other Taxes | - | 0 | -7 | 0 | 0 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Xerox Holdings Corporationthis co. | XRX | $456M | -0.44 | 1.03 | -231.8% | 49.65 |
| Park-Ohio Holdings Corp. | PKOH | $477M | 20.04 | 1.25 | 6.2% | 10.57 |
| Pangaea Logistics Solutions Ltd. | PANL | $476M | 24.55 | 1.11 | 4.5% | 6.06 |
| Luxfer Holdings PLC | LXFR | $474M | 61.52 | 2.09 | 3.4% | 13.57 |
| Universal Logistics Holdings, Inc. | ULH | $457M |
| - |
| - |
| - |
| - |
| - |
| - |
| -4.58 |
| 0.85 |
| -18.5% |
| 14.71 |
| Acacia Research Corporation | ACTG | $454M | 20.94 | 0.84 | 4.0% | 3.01 |
| The Manitowoc Company, Inc. | MTW | $447M | 62.09 | 0.64 | 1.0% | 7.82 |
| L.B. Foster Company | FSTR | $439M | 58.23 | 2.51 | 4.3% | 14.44 |
| Energy Recovery, Inc. | ERII | $427M | 18.61 | 2.07 | 11.1% | 13.90 |
| Peer Median | - | 22.75 | 1.18 | 4.1% | 12.07 | |