NASDAQ$XRX

Xerox Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Xerox reported higher revenue, EPS and free cash flow while increasing investments in targeted growth areas.

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.

  • Revenue increased by 22.4 percent year-over-year to $1.79 billion, or 18.1 percent in constant currency.
  • GAAP earnings per share (EPS) increased to $0.46, up $0.35 year-over-year, and adjusted EPS increased to $0.47, up $0.32 year-over-year.
  • Adjusted operating margin increased to 7.0 percent, up 280 basis points year-over-year.
  • Free cash flow increased to $198 million, up $183 million year-over-year.

Headline financials

Total Revenue

$1.79B

Previous: $1.47B+22.4%
EPS (adj)

$0.47

Previous: $0.15+213.3%
Revenue Growth Constant Currency

18.1%

Previous: -34.6%+152.3%
Capital Expenditures

-$4M

Previous: -$9M+55.6%
Free Cash Flow

$87M

Previous: $18M+383.3%
Net Income

$91M

Previous: $27M+237.0%
Operating Income

-$384M

Previous: -$375M-2.4%
Gross Profit

$19M

Previous: $38M-50.0%
Cash & Equivalents

$2.12B

Previous: $2.27B-6.5%
Total Assets

$14.1B

Previous: $14.1B-0.1%
Stock-Based Comp

$14M

Previous: $13M+7.7%

Revenue & EPS history

Xerox · Revenue · Quarterly

$1.79B

Q2 2021+22.4%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Xerox · $1.79B total across 2 segments · Q2 2021

  • Post Sale Revenue
    $1.36B+18.1%
  • Equipment Sales
    $429M+38.4%

Forward guidance

Xerox reaffirmed its revenue and cash flow guidance for the year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.7%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+39.2%

Q1 2026

Best reaction

-19.9%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+39.2%+68.2%+106.4%
Q4 2025-13.0%-6.9%-22.7%
Q3 2025-1.7%-8.5%-26.7%
Q1 2025-1.6%+22.7%+10.9%
Q4 2024-5.8%-12.0%-28.6%
Q3 2024-19.9%-19.4%-11.9%
Q2 2024-6.4%-5.9%-8.4%
Q1 2024-12.4%-14.7%-16.0%
Q4 2023+15.9%+15.9%+12.4%
Q3 2023-10.2%-9.6%+1.1%
Q2 2023+8.3%+2.7%-0.1%
Q1 2023+13.2%+15.3%+2.5%
Q4 2022-3.4%-6.0%-6.5%
Q3 2022-9.0%-9.5%-1.0%
Q2 2022+7.2%+9.9%+15.6%
Q1 2022-13.7%-12.0%-13.5%
Q4 2021-4.1%-2.2%-5.7%
Q3 2021-13.5%-13.5%-1.8%
Q2 2021+3.2%+2.2%-5.4%
Q1 2021-3.9%-3.7%-6.5%
Q4 2020+0.6%+1.3%+22.2%
Q3 2020-8.9%-8.1%+23.6%
Q2 2020+0.3%+5.2%+20.7%
Q1 2020+8.2%-4.4%-5.7%
Q4 2019+4.8%+1.5%-3.5%
Q3 2019+10.8%+8.7%+26.0%
Q2 2019-5.4%-9.9%-15.2%
Q1 2019-4.1%-1.0%-5.3%
Q4 2018+15.9%+17.4%+27.2%
Q3 2018+3.7%+3.7%-4.6%
Q2 2018+3.3%+4.8%+10.6%
Q1 2018-3.4%-3.4%-6.9%
Q4 2017+0.2%-4.0%-8.0%
Q3 2017-7.9%-8.4%-13.9%
Q2 2017+6.1%+5.1%+5.2%
Q1 2017+0.6%+1.8%-1.0%
Q4 2016+1.7%+2.9%+4.9%
Q3 2016+2.1%-0.6%-2.0%
Q2 2016+2.3%+0.3%-1.8%
Q1 2016-12.2%
Q4 2015+2.1%
Q3 2015-10.1%
Q2 2015-1.8%
Q1 2015-11.6%
Q4 2014-1.3%
Q3 2014-3.2%
Q2 2014+2.0%
Q1 2014+4.3%
Q4 2013-9.8%
Q3 2013-9.5%
Q2 2013-1.4%
Q1 2013-2.7%
Q4 2012+7.4%
Q3 2012+0.1%
Q2 2012+0.0%
Q1 2012+0.9%
Q4 2011+3.0%
Q3 2011-8.5%
Q2 2011+4.5%
Q1 2011+2.1%
Q4 2010+2.0%
Q3 2010+2.0%
Q2 2010-4.4%
Q1 2010+3.1%

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