Xerox Earnings Reports

Xerox Holdings Corporation announced its first-quarter 2025 results with revenue of $1.46 billion, a 3.0% decrease year-over-year, but a 1.1% decrease in constant currency. The company reported a GAAP net loss of $(90) million, or $(0.75) per share, which improved by $23 million year-over-year. Adjusted net loss was $(4) million, or $(0.06) per share. Adjusted operating margin was 1.5%, a 70 basis points decrease year-over-year. The company emphasized momentum from reinvention, ITsavvy integration, and improved sales productivity.

Xerox's Q4 2024 results showed a revenue of $1.61 billion, down 8.6% year-over-year, but an improvement in GAAP net loss to $(21) million. The company's adjusted operating margin increased by 100 basis points to 6.4%. Xerox is focusing on its Reinvention strategy and expects revenue and profit growth in 2025.

Xerox reported a challenging third quarter with a revenue decline of 7.5% to $1.53 billion. The company experienced a GAAP net loss of $1.2 billion, primarily due to a $1.0 billion after-tax non-cash goodwill impairment charge. Despite revenue headwinds, adjusted operating margin improved by 110 basis points year-over-year, driven by Reinvention initiatives.

Xerox's Q2 2024 results show sequential improvements in adjusted operating income margin, free cash flow, and revenue trajectory, driven by strategic operating model changes. The company has revised its full-year outlook, lowering revenue and adjusted operating income guidance while reiterating its three-year adjusted operating income improvement target.

Xerox's Q1 2024 revenue was $1.50 billion, a 12.4% decrease year-over-year, or 13.2% in constant currency. The company reported a GAAP net loss of $(113) million, or $(0.94) per share, and an adjusted net income of $11 million, or $0.06 per share. The results were impacted by Project Reinvention-related charges.

Xerox's Q4 2023 results show a revenue of $1.77 billion, a decrease of 9.1% year-over-year. The company reported a GAAP net loss of $(58) million, or $(0.50) per share, and an adjusted net income of $56 million, or $0.43 per share. Free cash flow was $379 million, up $211 million year-over-year.

Xerox Holdings Corporation announced its 2023 third-quarter results, showcasing growth in adjusted profit, EPS, and free cash flow despite a challenging macro backdrop. The company's Reinvention plan aims to reposition the business for sustainable profit improvement and revenue growth through service expansion.

Xerox Holdings Corporation reported second-quarter 2023 results with revenue of $1.75 billion, up 0.4 percent, and adjusted EPS of $0.44, up $0.31 year-over-year. The company raised its guidance for adjusted operating margin to a range of 5.5% to 6.0% and free cash flow to at least $600 million.

Xerox Holdings Corporation reported a revenue of $1.72 billion, up 2.8 percent year-over-year, with GAAP earnings per share (EPS) of $0.43. The company's adjusted operating margin increased to 6.9 percent, and free cash flow reached $70 million.

Xerox Holdings Corporation reported Q4 2022 revenue of $1.94 billion, up 9.2% year-over-year, and adjusted EPS of $0.89, up $0.55 year-over-year. The company's Q4 performance was driven by strong demand and improvements in supply chain conditions. The company guides to improved profitability in 2023.

Xerox's Q3 2022 results revealed a slight revenue decrease of 0.4% year-over-year, totaling $1.75 billion, but an increase of 4.7% in constant currency. GAAP EPS was $(2.48), including a significant goodwill impairment charge, while adjusted EPS reached $0.19. The company lowered its 2022 revenue and free cash flow guidance due to currency effects and supply chain issues.

Xerox Holdings Corporation announced its second-quarter 2022 results, with revenue of $1.75 billion, a decrease of 2.6 percent year-over-year, but an increase of 1.1 percent in constant currency. GAAP loss per share was $(0.05), and adjusted EPS was $0.13. The company is maintaining its revenue and free cash flow guidance for 2022.

Xerox's first quarter revenue was $1.67 billion, a decrease of 2.5 percent year-over-year, or 0.7 percent in constant currency. The company reported a GAAP loss per share of $(0.38) and an adjusted loss per share of $(0.12). Despite inflationary pressure and increased logistics costs, the company maintains its revenue and cash flow guidance for 2022.

Xerox's Q4 results showed a revenue of $1.78 billion, down 7.9% year-over-year, and an adjusted EPS of $0.34, down $0.24 year-over-year. The company exceeded free cash flow guidance while investing for growth.

Xerox's Q3 2021 revenue was $1.76 billion, a decrease of 0.5% year-over-year, or 1.6% in constant currency. GAAP EPS was $0.48, up $0.07 year-over-year. The company reaffirmed its free cash flow guidance of at least $500 million for FY21 and reduced its revenue guidance to approximately $7.1 billion.

Xerox Holdings Corporation reported a 22.4% year-over-year increase in revenue to $1.79 billion for Q2 2021. GAAP EPS increased to $0.46, and adjusted EPS rose to $0.47. The company reaffirmed its revenue and cash flow guidance for the year, driven by increased equipment sales and print volumes.

Xerox's first-quarter results showed a revenue of $1.71 billion, a decrease of 8.1 percent year-over-year, but with growth in equipment sales and IT Services revenue. The company reported GAAP earnings per share of $0.18, up $0.21 year-over-year, and adjusted EPS of $0.22, up $0.01 year-over-year.

Xerox's Q4 2020 revenue was $1.930 billion, down 21.0 percent year-over-year, and GAAP EPS was $0.36, down $0.81 year-over-year. The company plans to create separate Software, Financing, and Innovation businesses and launch a corporate venture capital fund.

Xerox Holdings Corporation announced its third-quarter 2020 financial results, with revenue of $1.77 billion, GAAP EPS of $0.41, and adjusted EPS of $0.48. The company increased earnings and cash flow sequentially, driven by investments in digital solutions and services and is committed to delivering positive cash flow and earnings in the fourth quarter.

Xerox Holdings Corporation announced its second-quarter 2020 financial results, reporting a revenue of $1.47 billion, a GAAP EPS of $0.11, and an adjusted EPS of $0.15. The company's performance was significantly impacted by the COVID-19 pandemic, but financial discipline enabled positive earnings per share and cash flow.

Xerox Holdings Corporation reported a decrease in revenue by 14.7 percent year-over-year to $1.86 billion and a GAAP loss from continuing operations of $(0.03) per share. The company withdrew its 2020 financial guidance due to economic uncertainty caused by COVID-19.

Xerox Holdings Corporation announced its fourth-quarter and full-year 2019 financial results and 2020 guidance. The company grew earnings per share, increased cash flow and expanded adjusted operating margin for the full year, and improved its revenue trajectory in the second half of the year.