DXC Technology Co DXC
DXC Technology is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations - helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world's most complex technology estates.
DXC serves a global client base, including many Fortune 500 companies, supported by approximately 115,000 employees in 60 countries. We operate through three reportable segments that align with how management assesses performance of the business and allocates resources - Consulting & Engineering Services ("CES"), Global Infrastructure Services ("GIS"), and Insurance Software & Services ("Insurance") - delivering solutions that modernize operations and drive innovation across our customers' entire IT estate.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.64B | $12.87B | $13.67B | $14.43B | $16.27B | $17.73B | $19.58B | $20.75B | $21.73B | $7.61B |
| Cost of revenue | — | — | — | — | — | — | — | — | $16.32B | $5.55B |
| Gross profit | — | — | — | — | — | — | — | — | $5.42B | $2.06B |
| SG&A | $1.40B | $1.35B | $1.24B | $1.38B | $1.41B | $2.07B | $2.05B | $1.96B | $1.89B | $1.28B |
| Total operating expenses | $12.33B | $12.24B | $13.56B | $15.31B | $15.12B | $17.07B | $24.80B | $19.24B | $20.43B | $7.78B |
| Operating income | $970.0M | $1.02B | $1.01B | $1.14B | $1.38B | $1.10B | $2.06B | $3.27B | $2.99B | $618.0M |
| Interest expense | $216.0M | $265.0M | $298.0M | $200.0M | $204.0M | $361.0M | $383.0M | $334.0M | $320.0M | $117.0M |
| Pre-tax income | $318.0M | $630.0M | $109.0M | -$885.0M | $1.14B | $654.0M | -$5.23B | $1.51B | $1.30B | -$174.0M |
| Income tax | $290.0M | $234.0M | $23.0M | $319.0M | $405.0M | $800.0M | $130.0M | $288.0M | $242.0M | $74.0M |
| Net income | $28.0M | $396.0M | $86.0M | -$566.0M | $736.0M | -$149.0M | -$5.37B | $1.26B | $1.75B | -$123.0M |
| EPS, basic | 0.10 | 2.15 | 0.46 | -2.48 | 2.87 | -0.59 | -20.76 | 4.53 | 6.15 | -0.88 |
| EPS, diluted | 0.10 | 2.10 | 0.46 | -2.48 | 2.81 | -0.59 | -20.76 | 4.47 | 6.04 | -0.88 |
| Shares, diluted (wtd. avg.) | $178.7M | $184.9M | $198.8M | $229.0M | $255.2M | $254.1M | $258.6M | $281.4M | $289.8M | $140.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.74B | $1.80B | $1.22B | $1.86B | $2.67B | $2.97B | $3.68B | $2.90B | $2.73B | $1.27B |
| Receivables | $2.97B | $2.97B | $3.25B | $3.44B | $3.85B | $4.16B | $4.39B | $5.18B | $5.48B | $1.64B |
| Total current assets | $5.36B | $5.36B | $5.13B | $6.12B | $7.45B | $8.21B | $8.99B | $9.07B | $9.62B | $3.25B |
| Property, plant and equipment | — | — | — | — | — | — | — | $3.18B | $3.36B | $903.0M |
| Goodwill | $527.0M | $526.0M | $532.0M | $539.0M | $617.0M | $641.0M | $2.02B | $7.61B | $7.62B | $1.85B |
| Other intangibles | $1.61B | $1.64B | $2.13B | $2.57B | $3.38B | $4.04B | $5.73B | $5.94B | $6.38B | $1.79B |
| Total assets | $12.89B | $13.21B | $13.87B | $15.85B | $20.14B | $22.04B | $26.01B | $29.57B | $33.92B | $8.66B |
| Accounts payable | $561.0M | $549.0M | $846.0M | $782.0M | $840.0M | $914.0M | $1.60B | $1.67B | $1.51B | $410.0M |
| Short-term debt | — | — | $93.0M | $176.0M | $249.0M | $556.0M | $290.0M | $766.0M | $439.0M | $55.0M |
| Total current liabilities | $3.94B | $4.41B | $4.39B | $5.19B | $6.85B | $8.15B | $7.89B | $9.45B | $9.85B | $2.95B |
| Long-term debt | — | $3.00B | $3.82B | $3.90B | $4.07B | $4.34B | $8.67B | $5.47B | $6.09B | $2.23B |
| Total liabilities | $9.68B | $9.71B | $10.80B | $12.03B | $14.76B | $16.73B | $20.88B | $17.85B | $20.08B | $6.50B |
| Retained earnings | -$2.94B | -$3.45B | -$3.84B | -$4.67B | -$4.45B | -$5.33B | -$5.18B | $478.0M | $1.30B | -$170.0M |
| Total equity | $2.94B | $3.23B | $3.07B | $3.82B | $5.38B | $5.31B | $5.13B | $11.72B | $13.84B | $2.17B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.25B | $1.40B | $1.36B | $1.42B | $1.50B | $124.0M | $2.35B | $1.78B | $2.57B | $619.0M |
| Depreciation and amortisation | $1.18B | $1.31B | $1.43B | $1.55B | $1.74B | $1.99B | $1.96B | $2.02B | $2.01B | $658.0M |
| Stock-based compensation | $86.0M | $79.0M | $109.0M | $108.0M | $101.0M | $56.0M | $68.0M | $74.0M | $93.0M | $75.0M |
| Capital expenditure | $212.0M | $248.0M | $182.0M | $267.0M | $254.0M | $261.0M | $350.0M | $297.0M | $224.0M | $246.0M |
| Investing cash flow | -$484.0M | -$512.0M | -$491.0M | -$635.0M | -$60.0M | $4.67B | -$2.14B | $69.0M | $719.0M | -$565.0M |
| Financing cash flow | -$776.0M | -$317.0M | -$1.49B | -$1.51B | -$1.82B | -$5.48B | $657.0M | -$1.66B | -$1.89B | $93.0M |
| Dividends paid | — | — | — | $0 | $0 | $53.0M | $214.0M | $210.0M | $174.0M | $78.0M |
| Buybacks | $249.0M | $14.0M | $898.0M | $669.0M | $628.0M | $6.0M | $16.0M | $51.0M | $85.0M | $12.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001688568-26-000049.
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