Xerox Releases Second-Quarter Results

Financial Summary

Q2 2025

• Revenue of $1.58 billion, down 0.1 percent, and 1.1 percent in constant currency.

• GAAP net (loss) of $(106) million, or $(0.87) per share, declined by $124 million or $0.98 per share, year-over-year, respectively.   

• Adjusted net (loss) of $(77) million, or $(0.64) per share, declined by $118 million or $0.93 per share, year-over-year, respectively.

• Adjusted operating margin of 3.7 percent, 170 basis points lower year-over-year.

• Operating cash flow of $(11) million, lower by $134 million year-over-year.

• Free cash flow of $(30) million, lower by $145 million year-over-year.