Loading…
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 | -152.9% | 12.9% | - |
| 2024 | $6.2B | $-823M | $-1.3B | $467M | -101.3% | -9.7% | -132200.0% |
| 2023 | $6.9B | $291M | $1M | $649M | 0.0% | -3.1% | - |
| 2022 | $7.1B | $36M | $-322M | $102M | -9.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 212 | 353 | 159 | -56 |
| EBITDA | 36 | 291 | -823 | 91 |
| EBIT | -234 | 40 | -1,097 | -240 |
| Pretax Income | -325 | -28 | -1,216 | -488 |
| Tax Provision | -3 | -29 | 105 | 541 |
| Net Income | -322 | 1 | -1,321 | -1,029 |
| Net Income Common Stockholders | -336 | -13 | -1,335 | -1,043 |
| Total Expenses | 6,895 | 6,533 | 6,062 | 7,078 |
| Interest Expense | 91 | 68 | 119 | 248 |
| Interest Income | 11 | 16 | 14 | 14 |
| Research And Development | 304 | 229 | 191 | 230 |
| Selling General And Administration | 1,760 | 1,696 | 1,537 | 1,644 |
| Normalized EBITDA | 508 | 589 | 396 | 173 |
| Normalized Income | 145.75 | 236.42 | -357.99 | -964.22 |
| Basic EPS | -2.15 | -0.09 | -10.75 | -8.25 |
| Diluted EPS | -2.15 | -0.09 | -10.75 | -8.25 |
| Tax Effect Of Unusual Items | -4.25 | -62.58 | -255.99 | -17.22 |
| Tax Rate For Calcs | 0.01 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -472 | -298 | -1,219 | -82 |
| Total Unusual Items Excluding Goodwill | -472 | -298 | -1,219 | -82 |
| Net Income From Continuing Operation Net Minority Interest | -322 | 1 | -1,321 | -1,029 |
| Reconciled Depreciation | 270 | 251 | 274 | 331 |
| Reconciled Cost Of Revenue | 4,561 | 4,364 | 4,060 | 4,873 |
| Net Interest Income | -80 | -52 | -105 | -234 |
| Net Income From Continuing And Discontinued Operation | -322 | 1 | -1,321 | -1,029 |
| Diluted Average Shares | 156.01 | 149.12 | 124.21 | 126.47 |
| Basic Average Shares | 156.01 | 149.12 | 124.21 | 126.47 |
| Diluted NI Availto Com Stockholders | -336 | -13 | -1,335 | -1,043 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Preferred Stock Dividends | 14 | 14 | 14 | 14 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -322 | 1 | -1,321 | -1,029 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | -322 | 1 | -1,321 | -1,029 |
| Earnings From Equity Interest Net Of Tax | 3 | 0 | 0 | 0 |
| Other Income Expense | -457 | -329 | -1,270 | -198 |
| Other Non Operating Income Expenses | 15 | -31 | -51 | -116 |
| Special Income Charges | -459 | -270 | -1,204 | -70 |
| Gain On Sale Of Ppe | 22 | 0 | 0 | 0 |
| Gain On Sale Of Business | 56 | 39 | -39 | 9 |
| Other Special Charges | 38 | 142 | -2 | 13 |
| Write Off | 0 | 0 | 0 | 0 |
| 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 |
| Net Non Operating Interest Income Expense | -80 | -52 | -105 | -234 |
| Interest Expense Non Operating | 91 | 68 | 119 | 248 |
| Interest Income Non Operating | 11 | 16 | 14 | 14 |
| Other Taxes | 0 | -7 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 42 | 43 | 73 | 83 |
| Depreciation And Amortization In Income Statement | 42 | 43 | 73 | 83 |
| Amortization | 42 | 43 | 73 | 83 |
| Amortization Of Intangibles Income Statement | 42 | 43 | 73 | 83 |
| General And Administrative Expense | 0 | 1,696 | 1,537 | 1,644 |
| Other Gand A | 0 | 1,696 | 1,537 | 1,654 |
| Salaries And Wages | 0 | 0 | 0 | -10 |
| Operating Revenue | 7,107 | 6,886 | 6,221 | 7,022 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Xerox Holdings Corporationthis co. | XRX | $205M | - | 0.45 | -152.9% | 15.41 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Perma-Fix Environmental Services, Inc. | PESI | $227M | - | 4.52 | -27.5% | -22.03 |
| Gencor Industries, Inc. | GENC | $212M |
| 13.91 |
| 0.99 |
| 7.4% |
| 4.37 |
| AirJoule Technologies Corporation | AIRJ | $206M | - | 0.69 | -3.4% | -13.58 |
| PAMT CORP | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| SEACOR Marine Holdings Inc. | SMHI | $202M | - | 0.76 | -10.5% | -178.26 |
| Proficient Auto Logistics, Inc. | PAL | $199M | - | 0.64 | -11.6% | 8.63 |
| Peer Median | - | 14.29 | 0.86 | -6.9% | -2.81 | |