NASDAQ$XRX

Xerox Corp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Xerox Holdings reported Q4 2025, revenue of $2.03B, net loss of $50M, diluted EPS of $-0.35.

For Q4 2025, Xerox Holdings reported revenue of $2.03B, a net loss of $50M, diluted EPS was $-0.35. The filing discusses segment trends, liquidity, and management's outlook for upcoming periods.

  • Revenue $2.03B.
  • Net loss $50M.
  • Diluted EPS $-0.35.

Headline financials

Total Revenue

$2.03B

Previous: $1.61B+25.9%
EPS (adj)

-$0.35

Previous: $0.36-197.2%
Revenue Growth Constant Currency

23.6%

No prior period
Gross Margin

28.6%

Previous: 31.1%-8.0%
RD&E as % of Revenue

3.5%

Previous: 2.9%+20.7%
SAG as % of Revenue

21.3%

Previous: 23.4%-9.0%
Pre-Tax Loss Margin

-3.0%

Previous: -0.2%-1400.0%
Adjusted Gross Margin

29.3%

Previous: 31.6%-7.3%
Adjusted Operating Margin

5.0%

Previous: 6.4%-21.9%
Net Income

-$50M

Previous: -$21M-138.1%
Operating Income

$102M

Previous: $104M-1.9%
Gross Profit

$579M

Previous: $502M+15.3%

Revenue & EPS history

Xerox · Revenue · Quarterly

$2.03B

Q4 2025+25.9%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Xerox · $1.78B total across 2 segments · Q4 2021

  • Post Sale Revenue
    $1.39B-1.9%
  • Equipment Sales
    $384M-24.7%

Forward guidance

Management discusses Xerox Holdings's outlook, including capital deployment, operating priorities, and key risks, alongside any formal guidance in the earnings materials.

Tailwinds

  • Xerox Holdings cites execution on strategic priorities and demand in core markets.
  • Liquidity and balance sheet capacity support continued investment and returns.

Headwinds

  • GAAP earnings remained under pressure in the reported quarter.
  • Macro, rates, and input costs may pressure margins or volumes.
  • Segment mix and non-recurring items can affect sequential comparability.

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 Q4 2025

Historical avgQ4 2025

-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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