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
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	5,121	4,261	4,572	4,789	4,635
Gross Profit	1,901	1,960	2,314	2,318	2,403
Selling, General & Admin	1,654	1,537	1,696	1,760	1,718
Depreciation & Amortization Expenses	83	73	43	42	55
Research & Development	230	191	229	304	310
Other Operating Expenses	422	1,375	374	537	792
Total Operating Expenses	2,389	3,176	2,342	2,643	2,875
Operating Income	-488	-1,216	-28	-325	-472
Pretax Income	-488	-1,216	-28	-325	-472
Provision for Income Taxes	541	105	-29	-3	-17
Net Income	-1,043	-1,335	-13	-336	-469
Net Income Attributable to Preferred Dividends	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 Growth	-71.52%	-28.04%	536.27%	-81.82%	18.35%
Free Cash Flow Per Share	1.05	3.76	4.35	0.65	3.06
Dividends Per Share	0.200	1.000	1.000	1.000	1.000
Dividend Growth	-80.00%	-	-	-	-
Gross Margin	27.07%	31.51%	33.60%	32.62%	34.14%
Operating Margin	-6.95%	-19.55%	-0.41%	-4.57%	-6.71%
Profit Margin	-14.65%	-21.23%	0.01%	-4.53%	-6.46%
FCF Margin	1.89%	7.51%	9.42%	1.44%	7.97%
EBITDA	-157	-942	223	-55	-145
EBITDA Margin	-2.24%	-15.14%	3.24%	-0.77%	-2.06%
EBIT	-488	-1,216	-28	-325	-472
EBIT Margin	-6.95%	-19.55%	-0.41%	-4.57%	-6.71%
Effective Tax Rate	-110.86%	-8.63%	103.57%	0.92%	3.60%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q