Filing Flows › NCR Voyix (VYX) › Q4 2025
NCR Voyix (VYX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
NCR Voyix (VYX) reported revenue of $720M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +5% from the quarter before. Operating margin was 2.4%, net earnings $98.0M (13.6% of revenue).
NCR Voyix, Q4 2025: revenue $720M (+6% year over year), operating margin 2.4%, net earnings $98.0M, operating cash flow $60.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $720M | +5% | +6% |
| Operating profit | $17.0M | +13% | +750% |
| Net earnings | $98.0M | — | — |
| Operating cash flow | $60.0M | +329% | — |
What changed
Revenue was $720.0M in Q4 2025, up 6% year over year and up 5% from the previous quarter. Recurring revenue was the largest line at 59% of revenue.
Operating profit was $17.0M, a 2.4% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 0% margin then. The fastest-growing cost line was Research & development (+54%). Net earnings were $98.0M. The tax line was a benefit of $56.0M on pre-tax earnings of $42.0M. Non-operating items added $25.0M, 60% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $60.0M, 61% of net earnings. Non-cash charges added back $58.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items used $104.0M. Capital expenditures of $146.0M exceeded it, leaving free cash flow of −$86.0M.
Questions
What was NCR Voyix's revenue in the fourth quarter 2025?
NCR Voyix (VYX) reported revenue of $720M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +5% from the quarter before.
Was NCR Voyix profitable in the fourth quarter 2025?
Operating profit was $17.0M (2.4% of revenue) and net earnings $98.0M.
Source: NCR Voyix 10-K on SEC EDGAR.