Filing Flows › Xerox Holdings (XRX) › Q3 2026 › vs Q2 2026
Xerox Holdings (XRX) Q3 2026 vs Q2 2026 (quarter over quarter)
Xerox Holdings's revenue fell $54.0M (-3%) from $1.9B in Q2 2026 to $1.9B in Q3 2026. The biggest changes: Sales −$42.0M (-4%); Service −$12.0M (-1%).
Xerox Holdings, Q3 2026: revenue $1.9B (-5% year over year), operating margin -53.9%, net loss $1.0B, operating cash flow $30.0M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.9% | 1.2% | -0.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Supplies, paper and other sales | $434M | $469M | −$35.0M | -7% |
| Maintenance agreements | $414M | $425M | −$11.0M | -3% |
| Service arrangements | $403M | $421M | −$18.0M | -4% |
| Equipment | $393M | $387M | $6.0M | +2% |
| IT products | $127M | $140M | −$13.0M | -9% |
| Rental and other | $73.0M | $55.0M | $18.0M | +33% |
| Financing | $24.0M | $25.0M | −$1.0M | -4% |
| Sales | $954M | $996M | −$42.0M | -4% |
| Service | $914M | $926M | −$12.0M | -1% |
| Revenue | $1.9B | $1.9B | −$54.0M | -3% |
| Net loss | $1.0B | −$13.0M | $1.0B | — |
| Costs & expenses | $2.9B | $1.9B | $961M | +50% |
| Operating costs | $2.9B | $1.9B | $983M | +52% |
| Income tax | $9.0M | $18.0M | −$9.0M | -50% |
| Cost of revenue | $1.7B | $1.7B | $25.0M | +1% |
| Operating cash sources | $1.0B | $24.0M | $1.0B | 44× |
| Depreciation & amortization | $95.0M | $101M | −$6.0M | -6% |
| Share-based compensation | $11.0M | $9.0M | $2.0M | +22% |
| Working capital & other | $939M | −$86.0M | $1.0B | — |
| Net loss absorbed | $1.0B | −$13.0M | $1.0B | — |
| Operating cash flow | $30.0M | $37.0M | −$7.0M | -19% |
| Free cash flow (OCF − capex) | $17.0M | $23.0M | −$6.0M | -26% |
| Capital expenditures | $13.0M | $14.0M | −$1.0M | -7% |
Questions
How much did Xerox Holdings's revenue grow quarter over quarter in Q3 2026?
Xerox Holdings's revenue fell $54.0M (-3%) from $1.9B in Q2 2026 to $1.9B in Q3 2026.
What drove Xerox Holdings's revenue change in Q3 2026?
Sales −$42.0M (-4%); Service −$12.0M (-1%).