Xerox Holdings Corporation (NASDAQ: XRX) released its first quarter earnings statement on May 1, 2025.
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.
“In a quarter marked by increasing levels of macroeconomic and trade policy uncertainty, our team remained focused on what we can control: the balanced execution of our Reinvention and delivering client success,” said Steve Bandrowczak, chief executive officer at Xerox. “Improved sales productivity, the successful integration of ITsavvy and other Reinvention-enabled operating efficiencies drove momentum in revenue and positive adjusted operating income in our seasonally lowest quarter. Reinvention is delivering improved operating predictability and sales momentum, positioning Xerox well for long-term growth in revenue and adjusted operating income.”
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