Xerox Holdings Corp XRX
Xerox is a workplace technology company, building and integrating services-led, software-enabled, workplace solutions for enterprises large and small. As customers seek to manage information and document workflows across digital and physical platforms, we deliver a seamless, secure, and sustainable experience. Whether inventing the copier, the Ethernet, the laser printer or more, Xerox has long defined the modern work experience and continues to do so with investments in IT infrastructure, artificial intelligence (AI), Internet of Things (IoT), intelligent document processing (IDP), robotic process automation (RPA) and other technologies that enable Xerox to deliver essential products and services to address the productivity challenges of a hybrid workplace and distributed workforce.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Europe
- Canada
- Latin America
- Other
- Asia Pacific
| Region | FY2025 |
|---|---|
| United States | $3.98B |
| Europe | $1.95B |
| Canada | $464.0M |
| Latin America | $274.0M |
| Other | $193.0M |
| Asia Pacific | $154.0M |
As the company reported it, from the “Revenue - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.02B | $6.22B | $6.89B | $7.11B | $7.04B | $7.02B | $9.07B | $9.66B | $9.99B | — |
| Gross profit | — | — | — | $275.0M | $375.0M | — | — | — | — | — |
| SG&A | $1.65B | $1.54B | $1.70B | $1.76B | $1.72B | $1.85B | $2.08B | $2.38B | $2.51B | — |
| Total operating expenses | $7.51B | $7.44B | $6.91B | $7.43B | $7.51B | $6.77B | $8.24B | $9.11B | $9.47B | — |
| Interest expense | $334.0M | $225.0M | $198.0M | $199.0M | $207.0M | $215.0M | $236.0M | $244.0M | $252.0M | — |
| Pre-tax income | -$488.0M | -$1.22B | $30.0M | -$328.0M | -$475.0M | $252.0M | $822.0M | $549.0M | $525.0M | — |
| Income tax | $541.0M | $105.0M | $29.0M | $3.0M | $17.0M | $64.0M | $179.0M | $247.0M | $468.0M | — |
| Net income | -$1.03B | -$1.32B | $1.0M | -$322.0M | -$455.0M | $192.0M | $1.35B | $361.0M | $195.0M | — |
| EPS, basic | -8.25 | -10.75 | -0.09 | -2.15 | -2.56 | 0.85 | 6.03 | 1.40 | 0.71 | — |
| EPS, diluted | -8.25 | -10.75 | -0.09 | -2.15 | -2.56 | 0.84 | 5.80 | 1.38 | 0.71 | — |
| Shares, diluted (wtd. avg.) | 126.5M | 124.2M | 149.1M | 156.0M | 183.2M | 209.0M | 222.0M | 251.7M | 256.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $512.0M | $576.0M | $617.0M | $1.14B | $1.91B | $2.62B | $2.74B | $1.08B | — | — |
| Receivables | $1.12B | $796.0M | $850.0M | $857.0M | $818.0M | $883.0M | $1.24B | $1.27B | — | — |
| Inventory | $1.02B | $695.0M | $661.0M | $797.0M | $696.0M | $843.0M | $694.0M | $829.0M | — | — |
| Total current assets | $3.57B | $2.94B | $3.18B | $4.11B | $4.70B | $5.78B | $6.14B | $4.71B | — | — |
| Property, plant and equipment | $299.0M | $245.0M | $265.0M | $235.0M | $253.0M | $296.0M | $364.0M | $498.0M | — | — |
| Goodwill | $2.22B | $1.94B | $2.75B | $2.82B | $3.29B | $4.07B | $3.90B | $3.86B | $3.92B | $3.78B |
| Other intangibles | $921.0M | $236.0M | $177.0M | $208.0M | $211.0M | $237.0M | $199.0M | $220.0M | — | — |
| Total assets | $9.82B | $8.37B | $10.01B | $11.54B | $13.22B | $14.74B | $15.05B | $14.87B | — | — |
| Accounts payable | $1.50B | $1.02B | $1.04B | $1.33B | $1.07B | $983.0M | $1.05B | $1.07B | — | — |
| Short-term debt | $231.0M | $585.0M | $567.0M | $860.0M | $650.0M | $394.0M | $1.05B | $961.0M | — | — |
| Total current liabilities | $3.22B | $2.62B | $2.78B | $3.33B | $2.83B | $2.48B | $3.44B | $3.25B | — | — |
| Long-term debt | $4.02B | $2.81B | $2.71B | $2.87B | $3.60B | $4.05B | $3.23B | — | — | — |
| Total liabilities | $9.15B | $7.06B | $7.24B | $7.97B | $8.56B | $8.93B | $9.24B | $9.62B | — | — |
| Retained earnings | $2.44B | $3.51B | $4.98B | $5.14B | $5.63B | $6.28B | $6.31B | $5.07B | — | — |
| Total equity | $444.0M | $1.08B | $2.55B | $3.35B | $4.44B | $5.60B | $5.59B | $5.04B | $5.29B | $4.75B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $224.0M | $511.0M | $686.0M | $159.0M | $629.0M | $548.0M | $1.33B | $1.14B | -$267.0M | — |
| Depreciation and amortisation | $331.0M | $274.0M | $251.0M | $270.0M | $327.0M | $368.0M | $430.0M | $526.0M | $527.0M | — |
| Stock-based compensation | $45.0M | $52.0M | $54.0M | $75.0M | $54.0M | $42.0M | $50.0M | $57.0M | $52.0M | — |
| Capital expenditure | $37.0M | $27.0M | $29.0M | $36.0M | $29.0M | $44.0M | $41.0M | $55.0M | $69.0M | — |
| Investing cash flow | -$698.0M | -$198.0M | -$5.0M | -$78.0M | -$85.0M | -$246.0M | $2.15B | -$29.0M | $165.0M | — |
| Financing cash flow | $404.0M | -$271.0M | -$1.20B | -$822.0M | -$1.31B | -$416.0M | -$1.83B | -$1.30B | -$985.0M | — |
| Dividends paid | $57.0M | $127.0M | $151.0M | $160.0M | $192.0M | $216.0M | $229.0M | $255.0M | $274.0M | — |
| Buybacks | $0 | $8.0M | $544.0M | $113.0M | $888.0M | $300.0M | $600.0M | $700.0M | $0 | — |
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 0001770450-26-000020.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $9.99B | $9.66B | $9.07B | $7.02B | $7.04B | $7.11B | $6.89B | $6.22B | $7.02B |
| Gross profit | — | — | — | — | — | $375.0M | $275.0M | — | — | — |
| Net income | — | $195.0M | $361.0M | $1.35B | $192.0M | -$455.0M | -$322.0M | $1.0M | -$1.32B | -$1.03B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3577
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|---|---|---|---|---|
| PANW | Palo Alto Networks Inc | $310.15B | 237.8x | 14.9% |
| FTNT | Fortinet, Inc. | $132.06B | 74.4x | 14.2% |
| LOGI | LOGITECH INTERNATIONAL S.A. | $15.70B | 22.8x | 6.3% |
| CRSR | Corsair Gaming, Inc. | $1.49B | — | 11.9% |
| MITK | MITEK SYSTEMS INC | $841.1M | 98.1x | 4.4% |
| EVLV | Evolv Technologies Holdings, Inc. | $836.8M | — | 40.5% |
| IMMR | IMMERSION CORP | $236.3M | 50.9x | 11.2% |
| ALOT | AstroNova, Inc. | $224.6M | — | -0.5% |