NASDAQ$XRX

Xerox Corp · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Xerox Corp reported total revenues of $1.576 billion and a net loss of $106 million for the second quarter ended June 30, 2025.

Xerox Holdings Corporation reported a net loss of $106 million for the second quarter ended June 30, 2025, compared to net income of $18 million in the prior year period. Total revenues were $1.576 billion, essentially flat year-over-year with growth in the IT Solutions segment offset by declines in Print and Other. The quarter included impacts from the company's Reinvention program and higher tariff-related costs.

  • Q2 2025 revenues of $1.576 billion were flat compared to Q2 2024, including an 8.2-percentage point benefit from the ITsavvy acquisition.
  • Reported a net loss of $106 million versus net income of $18 million in the prior year, driven by lower gross profit and higher other expenses.
  • Print and Other segment revenue declined 8.6% while IT Solutions external revenue grew to $210 million due to the ITsavvy acquisition.
  • Post-sale revenue increased 1.5% with a 10.6-percentage point contribution from the ITsavvy acquisition.

Headline financials

Total Revenue

$1.58B

Previous: $1.58B-0.1%
EPS (adj)

-$0.87

Previous: $0.11-890.9%
Capital Expenditures

-$9M

Previous: -$14M+35.7%
Net Income

-$106M

Previous: $18M-688.9%
Gross Profit

-$13M

Previous: -$45M+71.1%
Cash & Equivalents

$449M

Previous: $485M-7.4%
Total Assets

$8.87B

Previous: $9.49B-6.5%

Revenue & EPS history

Xerox · Revenue · Quarterly

$1.58B

Q2 2025-0.1%vs Q2 2024
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Xerox · $1.58B total across 2 segments · Q2 2025

  • Print and Other
    $1.37B
  • IT Solutions
    $210M

Forward guidance

2025 guidance updated to include six months of Lexmark activity, with expected revenue growth of 16-17% in constant currency and modestly lower margins due to tariff impacts.

Tailwinds

  • Revenue growth from Lexmark acquisition

Headwinds

  • Tariff-related expenses net of mitigation
  • Modestly lower margins

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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
Q2 2025
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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