Logotype for Xerox Holdings Corp

Xerox (XRX) investor relations material

Xerox Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Xerox Holdings Corp
Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Q2 2025 revenue was $1.58B, flat year-over-year, with IT Solutions growth offsetting print declines and a favorable currency impact.

  • Lexmark acquisition closed July 1, 2025, expected to deliver $250M+ in synergies and position the company as a top 3 player in print.

  • Net loss for Q2 2025 was $106M, or $(0.87) per share; adjusted loss was $77M, or $(0.64) per share.

  • Focus on operational simplification, cost control, and accelerating IT and Digital Solutions growth.

  • Integration of ITsavvy completed ahead of schedule; Lexmark integration underway with increased synergy expectations.

Financial highlights

  • Adjusted operating income for Q2 2025 was $59M (3.7% margin), down $26M year-over-year.

  • Adjusted gross margin declined to 28.6–29.3%, down 4.2–4.4 pts year-over-year, mainly due to product mix and tariff costs.

  • Free cash flow was a use of $30M in Q2 2025, impacted by delayed finance receivable sales and lower profitability.

  • Total debt at June 30, 2025 was $3.9B–$3.94B, up due to Lexmark financing; cash and equivalents at $985M.

  • Shareholder returns included $19M in dividends; dividend reduced to prioritize debt repayment.

Outlook and guidance

  • FY 2025 revenue expected to grow 16–17% in constant currency, including ~$1B from Lexmark.

  • Adjusted operating margin guidance for 2025 is ~4.5%; free cash flow expected at ~$250M, reduced by tariffs and synergy costs.

  • 2026 outlook: significant growth in adjusted operating income, $400M free cash flow from finance receivable reduction, and improved margin from Lexmark synergies.

  • Guidance includes $30–35M in expected tariff expenses and $50–75M in one-time synergy implementation costs.

  • Targeting gross debt leverage ratio of 3x trailing twelve months EBITDA in the medium term.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Xerox earnings date

Logotype for Xerox Holdings Corp
Q3 202528 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Xerox earnings date

Logotype for Xerox Holdings Corp
Q3 202528 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

The Company Behind the Xerox Machine

Xerox is an American company with global operations and is most known for the development and sale of document technology and digital print solutions. Originally named The Haloid Photographic Company, Xerox became world famous with the introduction of the first commercial photocopier in the mid-20th century. Today, the company's portfolio includes digital printing equipment, document management systems, business process services, and similar offerings. The company is headquartered in Norwalk, Connecticut, and its shares are listed on the NYSE.

The Xerox 914

Xerox would forever change office technology took a significant turn in 1959 with the introduction of the Xerox 914, the first automatic plain-paper photocopier. This machine revolutionized document duplication, moving away from messy, wet-copying processes to a dry, heat-fusing method. The Xerox 914 was remarkably successful, becoming commonplace in offices all around the world. The photocopier became synonymous with its function, leading to the term "Xeroxing" as a verb for photocopying. The success of the Xerox 914 fueled the company's growth and innovation in subsequent decades, laying the foundation for its evolution into a multinational corporation specializing in document management and digital print technology.

Modern Printing

The Xerox of today offers a variety of printers and copiers. These products range from small office printers to large digital presses for commercial printing. The company offers modern features such as high-speed, high-quality printing and environmentally friendly solutions. Xerox also offers comprehensive managed print services, designed to help organizations manage their printing and copying infrastructure. These services include streamlining printer fleets, reducing printing costs, and improving efficiency in document workflows. Two other large companies producing printers today are HP and Canon.

Global Printing

While an American company, Xerox operates on a global scale. The company has offices and production facilities spread out across the world, and coupled with robust. The company’s reputation and legacy are still held in high regard across the world, much in part due to the impact that the original Xerox machine had on office culture as a whole.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage