Xerox Release Third-Quarter Results 2025
Operational progress toward 2026 profit and free cash flow improvement continues despite macroeconomic headwinds weighing on 2025 results; Lexmark synergy forecast raised to at least $300M
Norwalk, Conn. – WEBWIRE – Thursday, October 30, 2025
Financial Summary
Q3 2025
- Revenue of $1.96 billion, up 28.3 percent, or 27.0 percent in constant currency1. On a pro forma1 basis, revenue down 7.8 percent.
- GAAP net (loss) of $(760) million, or $(6.01) per share, narrowing the loss by $445 million or $3.70 per share, year-over-year, respectively.
- Adjusted1 net income of $27 million, or $0.20 per share, down $7 million or $0.05 per share, year-over-year, respectively.
- Adjusted1 operating margin of 3.3 percent, down 190 basis points year-over-year.
- Operating cash flow of $159 million, up $43 million year-over-year.
- Free cash flow1 of $131 million, up $24 million year-over-year.
Related Earnings Documents
Xerox Q3 2025 Earnings Presentation (PDF, 1.98 MB)
Xerox Q3 2025 Non-GAAP Measures (PDF, 1.98 MB)
Xerox Q3 2025 Financial Model (PDF, 325 KB) or (Excel, 4.4 MB)
Webcast and Multimedia
Webcast Replay: Conference Call
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