XRX · NASDAQ · Business Equipment & Supplies

Xerox (XRX)

Inventor of xerography turned print-and-IT-services company reshaping itself around Lexmark and IT Solutions.

$3.48
vs last close+0.15 (+4.35%)
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Xerox Holdings CorporationXRX
Industrials

Traces to a 1906 photographic-paper maker that commercialized xerography and gave photocopying itself a verb; now split between a Print and Other segment reshaped by the 2025 Lexmark acquisition and a newly built IT Solutions segment, serving customers in the United States and international markets while managing a shrinking print equipment base.

Traces to a Rochester, New York photographic-paper maker founded in 1906 that later commercialized xerography, the dry-toner copying process so completely adopted that the resulting brand name entered everyday language as a verb for photocopying.

A research lab it built in the 1970s invented the graphical interface, computer mouse, Ethernet, and laser printing; only laser printing became a lasting business, the rest commercialized chiefly by others.

The current portfolio splits between a Print and Other segment, broadened by the 2025 purchase of printer maker Lexmark, and a newly built IT Solutions segment from a 2024 IT-services acquisition, reaching customers across the United States and international markets.

Revenue still depends on a print equipment and page-volume base that has shrunk for years, and the business is mid-integration of its largest acquisition while restructuring its cost base.

Company facts

CEOLouie J. Pastor
ListedAug 1, 2019
ExchangeNASDAQ
HeadquartersNorwalk, CT
CountryUnited States
Employees22,900
CIK0001770450
ISINUS98421M1062

Market cap$435.5M
EPS (ttm)−$7.39
P/E (ttm)−0.4506
ROE-161.3%
P/B0.8005
P/S0.0561
Dividend yieldDiv yield3.00%
Beta2.50vs XLI 0.32

Price target$5.00+50.2%Average of 5 analysts
ConsensusSell3 of 5 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 18, 2026NeedhamTarget
Target:
Target: $5
Aug 18, 2026Noble Capital MarketsInitiate
Rating:
Rating: Outperform

Next report
Oct 29, 26
in 37 days
EPS estimate
−$0.10
Revenue estimate
$1.86B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25May '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$0.36−$0.06−$0.64$0.20−$0.10−$0.43$0.36Pending
Estimate$0.52−$0.05$0.10$0.04$0.15−$0.20−$0.12−$0.10
Surprise−30.8%−20.0%−740.0%+400.0%−166.7%−115.0%+398.0%

RevenueReportedEstimate

Jan '25May '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$1.61B$1.46B$1.58B$1.96B$2.03B$1.85B$1.92BPending
Estimate$1.57B$1.50B$1.82B$2.18B$2.05B$1.75B$1.90B$1.86B
Surprise+2.8%−3.0%−13.3%−9.9%−1.2%+5.7%+1.1%
Estimate−$0.10
ReportedDue Oct 29, 2026
Estimate$1.86B
ReportedDue Oct 29, 2026
View details

Debt to equity776.30%
Current ratio118.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.53B$1.61B$1.46B$1.58B$1.96B$2.03B$1.85B$1.92B
Net income−$1.21B−$21.0M−$90.0M−$106.0M−$760.0M−$73.0M−$105.0M$13.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$70.0M$35.0M−$4.0M$29.0M−$136.0M$41.0M$25.0M$31.0M
YoY growth+11.1%−59.3%Loss narrowed−56.7%Turned loss+17.1%Turned profit+6.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $495.0M · Total debt $4.22B · Total assets $9.72B · Shareholders' equity $544.0M

Revenue
$1.92B
Operating income
$31.0M
Net income
$13.0M
View details

Dividend yield
3.00%
Next ex-date
Sep 30, 26
in 8 days
Annual dividend
$0.10
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.25$0.125$0.025$0.025$0.025$0.025$0.025$0.025
Annual yield11.86%18.12%12.33%11.30%8.44%7.75%3.19%2.88%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 31Apr 30Jul 31Oct 31Jan 30Apr 30Jul 31Oct 30
View details

Institutions73.77%96.88M shares
258 holders · as of Jun 30, 2026
Insiders20.26%26.60M shares
12 holders · as of Sep 15, 2026
Other5.97%7.84M shares
remainder

131.31M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Douglas R. Deason1Insider10 percent owner
11.64%15.28Mfiled Apr 8, 2026
BlackRock, Inc.Institution
8.07%10.59Mas of Jun 30, 2026
Frantisek BostlInsider
7.34%9.64Mfiled Sep 8, 2026
State Street CorpInstitution
4.44%5.83Mas of Jun 30, 2026
D. E. Shaw & Co., Inc.Institution
4.33%5.69Mas of Jun 30, 2026
  1. Douglas R. Deason's transaction reports restate only vehicles that traded; the 2026 ownership statement (15.28M) is used instead.

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
Xerox$3.48+4.35%$435.5M11.00.1+22.0%
HP$32.13−2.50%$30.13B12.610.70.5+12.5%
CDW$148.14+1.18%$18.70B17.613.00.8+10.0%
Insight Enterprises$157.77+0.68%$4.73B22.912.50.6+14.7%
ePlus$92.53+0.30%$2.41B19.316.81.0+1.9%
Median18.412.80.7+11.3%