May 01, 2025

Xerox Releases First-Quarter Results

Financial Summary

Q1 2025

Revenue of $1.46 billion, down 3.0 percent, and 1.1 percent in constant currency.

GAAP net (loss) of $(90) million, or $(0.75) per share, improved by $23 million or $0.19 per share, year-over-year, respectively.

Adjusted net (loss) of $(4) million, or $(0.06) per share, declined by $15 million or $0.12 per share, year-over-year, respectively.

Adjusted operating margin of 1.5 percent, 70 basis points lower year-over-year.

Operating cash flow of $(89) million, lower by $10 million year-over-year.

Free cash flow of $(109) million, lower by $20 million year-over-year.

News Release	Related Earnings Documents	Webcast and Multimedia
First-Quarter Results (PDF, 691 KB)	Xerox Q1 2025 Earnings Presentation (PDF, 1.75 MB) Xerox Q1 2025 Non-GAAP Measures (PDF, 927 KB) Xerox Q1 2025 Financial Model (PDF, 123 KB) or (Excel, 4.4KB)	Webcast Replay: Conference Call

Callie Ferrari, APR

Xerox

+1-203-615-3363