Xerox Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	7,022	6,070	6,695	6,900	6,817
Other Revenue	-	151	191	207	221
Revenue	7,022	6,221	6,886	7,107	7,038
Revenue Growth (YoY)	12.88%	-9.66%	-3.11%	0.98%	0.23%
Cost of Revenue	5,011	4,155	4,442	4,681	4,524
Gross Profit	1,925	1,960	2,314	2,318	2,403
Selling, General & Admin	1,732	1,617	1,715	1,748	1,629
Research & Development	230	191	229	304	310
Amortization of Goodwill & Intangibles	83	73	43	42	55
Operating Expenses	2,045	1,881	1,987	2,094	1,994
Operating Income	-120	79	327	224	409
Interest Expense	-248	-119	-68	-91	-96
Interest & Investment Income	-	14	16	11	4
Currency Exchange Gain (Loss)	-	-15	-28	-13	-7
Other Non Operating Income (Expenses)	-34	-6	-137	3	-3
EBT Excluding Unusual Items	-402	-47	110	134	307
Merger & Restructuring Charges	-90	-74	-167	-65	-38
Impairment of Goodwill	-	-1,058	-	-412	-781
Gain (Loss) on Sale of Assets	4	-39	39	56	40
Other Unusual Items	-	2	-10	-38	-
Pretax Income	-488	-1,216	-28	-325	-472
Income Tax Expense	541	105	-29	-3	-17
Earnings From Continuing Operations	-1,029	-1,321	1	-322	-455
Net Income to Company	-1,029	-1,321	1	-322	-455
Net Income	-1,029	-1,321	1	-322	-455
Preferred Dividends & Other Adjustments	14	14	14	14	14
Net Income to Common	-1,043	-1,335	-13	-336	-469
Shares Outstanding (Basic)	126	124	149	156	183
Shares Outstanding (Diluted)	126	124	149	156	183
Shares Change (YoY)	1.82%	-16.70%	-4.42%	-14.83%	-13.37%
EPS (Basic)	-8.25	-10.75	-0.09	-2.15	-2.56
EPS (Diluted)	-8.25	-10.75	-0.09	-2.15	-2.56
Free Cash Flow	133	467	649	102	561
Free Cash Flow Per Share	1.05	3.76	4.35	0.65	3.06
Dividend Per Share	0.200	1.000	1.000	1.000	1.000
Dividend Growth	-80.00%	-	-	-	-
Gross Margin	27.41%	31.51%	33.60%	32.62%	34.14%
Operating Margin	-1.71%	1.27%	4.75%	3.15%	5.81%
Profit Margin	-14.85%	-21.46%	-0.19%	-4.73%	-6.66%
Free Cash Flow Margin	1.89%	7.51%	9.43%	1.44%	7.97%
EBITDA	211	326	541	449	695
EBITDA Margin	3.00%	5.24%	7.86%	6.32%	9.88%
D&A For EBITDA	331	247	214	225	286
EBIT	-120	79	327	224	409
EBIT Margin	-1.71%	1.27%	4.75%	3.15%	5.81%
Revenue as Reported	7,022	6,221	6,886	7,107	7,038

Source: S&P Global Market Intelligence. Standard template. Financial Sources.