Filing Flows › Xerox Holdings (XRX) › Q2 2025
Xerox Holdings (XRX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Xerox Holdings (XRX) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), -0.1% from a year earlier and +8% from the quarter before. Operating margin was -3.8%, net loss $106M (6.7% of revenue).
Xerox Holdings, Q2 2025: revenue $1.6B (-0.1% year over year), operating margin -3.8%, net loss $106M, operating cash flow −$11.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +8% | -0.1% |
| Operating profit | −$60.0M | — | — |
| Net earnings | −$106M | — | — |
| Operating cash flow | −$11.0M | — | — |
What changed
Revenue was $1.6B in Q2 2025, roughly flat year over year and up 8% from the previous quarter. Service arrangements was the largest line at 28% of revenue. Service arrangements lost $0.03B year over year (down 6%), 1400% of the total change.
Gross margin was 3.7%. Operating costs exceeded revenue by $0.06B, an operating margin of -3.8%. The quarter ended with a net loss of $0.11B, wider than the previous quarter's $0.09B loss.
Operating cash flow was −$0.01B. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Xerox Holdings' revenue in the second quarter 2025?
Xerox Holdings (XRX) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), -0.1% from a year earlier and +8% from the quarter before.
Was Xerox Holdings profitable in the second quarter 2025?
Operating loss was $60.0M (-3.8% of revenue) and net loss $106M.
Source: Xerox Holdings 10-Q on SEC EDGAR.