Xerox Holdings Corporation (XRX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.85B | 2.03B | 1.96B | 1.58B | 1.46B | 1.61B | 1.53B | 1.58B | 1.5B | 1.76B | 1.65B | 1.75B | 1.72B | 1.94B | 1.75B | 1.75B | 1.67B | 1.78B | 1.76B | 1.79B |
| Revenue Growth % | 26.7% | 25.73% | 28.34% | -0.13% | -3% | -8.61% | -7.51% | -10.03% | -12.42% | -9.07% | -5.71% | 0.4% | 2.82% | 9.23% | -0.34% | -2.57% | -2.46% | -7.93% | -0.51% | 22.39% |
| Cost of Goods Sold | 1.33B | 1.49B | 1.55B | 1.15B | 1.05B | 1.11B | 1.03B | 1.06B | 1.06B | 1.17B | 1.09B | 1.16B | 1.16B | 1.27B | 1.21B | 1.19B | 1.14B | 1.22B | 1.19B | 1.15B |
| COGS % of Revenue | 71.89% | 73.22% | 78.84% | 72.84% | 72.34% | 68.88% | 67.6% | 67.05% | 70.51% | 66.46% | 65.74% | 65.96% | 67.35% | 65.22% | 69.01% | 68.12% | 68.23% | 68.66% | 67.63% | 64.36% |
| Gross Profit | 519M | 543M | 415M | 428M | 403M | 502M | 495M | 520M | 443M | 592M | 566M | 597M | 560M | 675M | 543M | 557M | 530M | 557M | 569M | 639M |
| Gross Margin % | 28.11% | 26.78% | 21.16% | 27.16% | 27.66% | 31.12% | 32.4% | 32.95% | 29.49% | 33.54% | 34.26% | 34.04% | 32.65% | 34.78% | 30.99% | 31.88% | 31.77% | 31.34% | 32.37% | 35.64% |
| Gross Profit Growth % | 28.78% | 8.17% | -16.16% | -17.69% | -9.03% | -15.2% | -12.54% | -12.9% | -20.89% | -12.3% | 4.24% | 7.18% | 5.66% | 21.18% | -4.57% | -12.83% | -13.26% | -20.31% | -12.6% | 13.3% |
| Operating Expenses | 494M | 502M | 551M | 399M | 407M | 467M | 425M | 453M | 456M | 506M | 503M | 501M | 459M | 508M | 477M | 553M | 544M | 487M | 508M | 527M |
| OpEx % of Revenue | 26.76% | 24.75% | 28.1% | 25.32% | 27.93% | 28.95% | 27.81% | 28.71% | 30.36% | 28.67% | 30.45% | 28.56% | 26.76% | 26.17% | 27.23% | 31.65% | 32.61% | 27.41% | 28.9% | 29.39% |
| Selling, General & Admin | 430M | 431M | 477M | 368M | 378M | 377M | 370M | 393M | 397M | 440M | 416M | 444M | 407M | 428M | 418M | 459M | 455M | 424M | 413M | 434M |
| SG&A % of Revenue | 23.29% | 21.25% | 24.32% | 23.35% | 25.94% | 23.37% | 24.21% | 24.9% | 26.43% | 24.93% | 25.18% | 25.31% | 23.73% | 22.05% | 23.86% | 26.27% | 27.28% | 23.86% | 23.49% | 24.21% |
| Research & Development | 64M | 71M | 74M | 31M | 29M | 47M | 45M | 50M | 49M | 56M | 52M | 57M | 52M | 69M | 59M | 84M | 78M | 63M | 82M | 79M |
| R&D % of Revenue | 3.47% | 3.5% | 3.77% | 1.97% | 1.99% | 2.91% | 2.94% | 3.17% | 3.26% | 3.17% | 3.15% | 3.25% | 3.03% | 3.55% | 3.37% | 4.81% | 4.68% | 3.55% | 4.66% | 4.41% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 | 1000K | 1000K | 0 | 1000K | 1000K |
| Operating Income | 25M | 41M | -136M | 29M | -4M | 35M | 70M | 67M | -13M | 86M | 63M | 96M | 101M | 167M | 66M | 4M | -14M | 70M | 61M | 112M |
| Operating Margin % | 1.35% | 2.02% | -6.94% | 1.84% | -0.27% | 2.17% | 4.58% | 4.25% | -0.87% | 4.87% | 3.81% | 5.47% | 5.89% | 8.6% | 3.77% | 0.23% | -0.84% | 3.94% | 3.47% | 6.25% |
| Operating Income Growth % | 725% | 17.14% | -294.29% | -56.72% | 69.23% | -59.3% | 11.11% | -30.21% | -112.87% | -48.5% | -4.55% | 2300% | 821.43% | 138.57% | 8.2% | -96.43% | -118.92% | -59.06% | -48.31% | 115.38% |
| EBITDA | 125M | 148M | -29M | 86M | 56M | 132M | 129M | 126M | 46M | 148M | 127M | 149M | 165M | 232M | 131M | 72M | 58M | 148M | 140M | 196M |
| EBITDA Margin % | 6.77% | 7.3% | -1.48% | 5.46% | 3.84% | 8.18% | 8.44% | 7.98% | 3.06% | 8.39% | 7.69% | 8.49% | 9.62% | 11.95% | 7.48% | 4.12% | 3.48% | 8.33% | 7.96% | 10.93% |
| EBITDA Growth % | 123.21% | 12.12% | -122.48% | -31.75% | 21.74% | -10.81% | 1.57% | -15.44% | -72.12% | -36.21% | -3.05% | 106.94% | 184.48% | 56.76% | -6.43% | -63.27% | -63.75% | -44.57% | -32.69% | 40% |
| D&A (Non-Cash Add-back) | 100M | 107M | 107M | 57M | 60M | 97M | 59M | 59M | 59M | 62M | 64M | 53M | 64M | 65M | 65M | 68M | 72M | 78M | 79M | 84M |
| EBIT | 25M | 41M | -136M | 29M | -4M | 27M | -1.06B | 56M | -124M | -59M | 77M | 86M | 99M | 164M | -359M | 18M | -60M | -686M | 107M | 123M |
| Net Interest Income | -81M | -77M | -77M | -49M | -31M | -27M | -28M | -27M | -23M | -24M | -11M | -8M | -9M | -15M | -17M | -20M | -28M | -24M | -22M | -23M |
| Interest Income | 3M | 3M | 3M | 6M | 2M | 4M | 3M | 4M | 3M | 4M | 3M | 4M | 5M | 3M | 4M | 3M | 1M | 1M | 1M | 1M |
| Interest Expense | 84M | 80M | 80M | 55M | 33M | 31M | 31M | 31M | 26M | 28M | 14M | 12M | 14M | 18M | 21M | 23M | 29M | 25M | 23M | 24M |
| Other Income/Expense | -98M | -102M | -164M | -89M | -63M | -39M | -1.16B | -42M | -137M | -175M | 1M | -185M | -16M | -21M | -445M | -8M | -74M | -780M | 24M | -12M |
| Pretax Income | -73M | -61M | -300M | -60M | -67M | -4M | -1.09B | 25M | -150M | -89M | 64M | -89M | 85M | 146M | -379M | -4M | -88M | -710M | 85M | 100M |
| Pretax Margin % | -3.95% | -3.01% | -15.3% | -3.81% | -4.6% | -0.25% | -71.14% | 1.58% | -9.99% | -5.04% | 3.87% | -5.07% | 4.96% | 7.52% | -21.63% | -0.23% | -5.28% | -39.95% | 4.83% | 5.58% |
| Income Tax | 32M | 12M | 460M | 46M | 23M | 17M | 118M | 7M | -37M | -30M | 15M | -28M | 14M | 24M | 3M | 1M | -31M | -36M | -4M | 9M |
| Effective Tax Rate % | -43.84% | -19.67% | -153.33% | -76.67% | -34.33% | -425% | -10.86% | 28% | 24.67% | 33.71% | 23.44% | 31.46% | 16.47% | 16.44% | -0.79% | -25% | 35.23% | 5.07% | -4.71% | 9% |
| Net Income | -105M | -73M | -760M | -106M | -90M | -21M | -1.21B | 18M | -113M | -58M | 49M | -61M | 71M | 121M | -383M | -4M | -56M | -675M | 90M | 91M |
| Net Margin % | -5.69% | -3.6% | -38.76% | -6.73% | -6.18% | -1.3% | -78.86% | 1.14% | -7.52% | -3.29% | 2.97% | -3.48% | 4.14% | 6.23% | -21.86% | -0.23% | -3.36% | -37.99% | 5.12% | 5.08% |
| Net Income Growth % | -16.67% | -247.62% | 36.93% | -688.89% | 20.35% | 63.79% | -2559.18% | 129.51% | -259.15% | -147.93% | 112.79% | -1425% | 226.79% | 117.93% | -525.56% | -104.4% | -243.59% | -976.62% | 0% | 237.04% |
| Net Income (Continuing) | -105M | -73M | -760M | -106M | -90M | -21M | -1.21B | 18M | -113M | -59M | 49M | -61M | 71M | 122M | -382M | -5M | -57M | -674M | 89M | 91M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 10M | 15M | 15M | 15M | 10M | 14M | 10M | 14M | 13M | 20M | 19M | 18M | 18M | 20M | 21M | 19M | 15M | 17M | 17M | 8M |
| EPS (Diluted) | -0.85 | -0.59 | -6.02 | -0.87 | -0.75 | -0.19 | -9.72 | 0.12 | -0.94 | -0.50 | 0.29 | -0.41 | 0.42 | 0.76 | -2.46 | -0.04 | -0.37 | -3.95 | 0.48 | 0.46 |
| EPS Growth % | -13.33% | -210.53% | 38.07% | -825% | 20.21% | 62% | -3451.72% | 129.27% | -323.81% | -165.79% | 111.79% | -959.43% | 213.51% | 119.24% | -612.5% | -108.41% | -305.56% | -1197.22% | 17.07% | 318.18% |
| EPS (Basic) | -0.85 | -0.59 | -6.02 | -0.87 | -0.75 | -0.19 | -9.72 | 0.12 | -0.94 | -0.50 | 0.29 | -0.41 | 0.43 | 0.76 | -2.46 | -0.04 | -0.37 | -3.95 | 0.48 | 0.47 |
| Diluted Shares Outstanding | 128.99M | 128.04M | 126.92M | 125.79M | 125.19M | 124.4M | 124.34M | 125.56M | 123.92M | 123.07M | 157.13M | 157.01M | 157.75M | 156.16M | 155.7M | 155.17M | 156.36M | 171.04M | 181.58M | 189.02M |
| Basic Shares Outstanding | 128.99M | 128.04M | 126.92M | 125.79M | 125.19M | 124.34M | 124.34M | 124.23M | 123.92M | 123.07M | 157.13M | 157.01M | 156.66M | 156.16M | 155.7M | 155.17M | 156.36M | 171.04M | 179.41M | 187.01M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 188.89% | - | - | 87.76% | - | 63.38% | 35.54% | - | - | - | - | 50% | 56.04% |