Filing Flows › Xerox Holdings (XRX) › Q1 2026
Xerox Holdings (XRX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Xerox Holdings (XRX) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +27% from a year earlier and -9% from the quarter before. Operating margin was -4.0%, net loss $105M (5.7% of revenue).
Xerox Holdings, Q1 2026: revenue $1.8B (+27% year over year), operating margin -4.0%, net loss $105M, operating cash flow −$144M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -9% | +27% |
| Operating profit | −$73.0M | — | — |
| Net earnings | −$105M | — | — |
| Operating cash flow | −$144M | -169% | — |
What changed
Revenue was $1.8B in Q1 2026, up 27% year over year and down 9% from the previous quarter. Supplies, paper and other sales was the largest line at 24% of revenue. Supplies, paper and other sales added $0.27B year over year (up 160%), 69% of the total change. Financing declined 18%.
Gross margin was 3.9%, up 2.4 points from Q1 2025. Operating costs exceeded revenue by $0.07B, an operating margin of -4.0%. Operating expenses grew 63% against revenue growth of 27%. The quarter ended with a net loss of $0.10B, wider than the previous quarter's $0.07B loss.
Operating cash flow was −$0.14B. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.16B.
Questions
What was Xerox Holdings' revenue in the first quarter 2026?
Xerox Holdings (XRX) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +27% from a year earlier and -9% from the quarter before.
Was Xerox Holdings profitable in the first quarter 2026?
Operating loss was $73.0M (-4.0% of revenue) and net loss $105M.
Source: Xerox Holdings 10-Q on SEC EDGAR.