Filing Flows › Xerox Holdings (XRX) › Q3 2026 › vs Q3 2025
Xerox Holdings (XRX) Q3 2026 vs Q3 2025 (year over year)
Xerox Holdings's revenue fell $93.0M (-5%) from $2.0B in Q3 2025 to $1.9B in Q3 2026. The biggest changes: Service −$54.0M (-6%); Sales −$39.0M (-4%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.9% | 5.3% | -4.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Supplies, paper and other sales | $434M | $445M | −$11.0M | -2% |
| Maintenance agreements | $414M | $440M | −$26.0M | -6% |
| Service arrangements | $403M | $425M | −$22.0M | -5% |
| Equipment | $393M | $383M | $10.0M | +3% |
| IT products | $127M | $165M | −$38.0M | -23% |
| Rental and other | $73.0M | $71.0M | $2.0M | +3% |
| Financing | $24.0M | $32.0M | −$8.0M | -25% |
| Sales | $954M | $993M | −$39.0M | -4% |
| Service | $914M | $968M | −$54.0M | -6% |
| Revenue | $1.9B | $2.0B | −$93.0M | -5% |
| Net loss | $1.0B | $760M | $255M | +34% |
| Costs & expenses | $2.9B | $2.7B | $162M | +6% |
| Operating costs | $2.9B | $2.3B | $613M | +27% |
| Income tax | $9.0M | $460M | −$451M | -98% |
| Cost of revenue | $1.7B | $1.9B | −$152M | -8% |
| Operating cash sources | $1.0B | $876M | $169M | +19% |
| Depreciation & amortization | $95.0M | $107M | −$12.0M | -11% |
| Share-based compensation | $11.0M | $7.0M | $4.0M | +57% |
| Working capital & other | $939M | $762M | $177M | +23% |
| Net loss absorbed | $1.0B | $760M | $255M | +34% |
| Operating cash flow | $30.0M | $116M | −$86.0M | -74% |
| Free cash flow (OCF − capex) | $17.0M | $104M | −$87.0M | -84% |
| Capital expenditures | $13.0M | $12.0M | $1.0M | +8% |
Questions
How much did Xerox Holdings's revenue grow year over year in Q3 2026?
Xerox Holdings's revenue fell $93.0M (-5%) from $2.0B in Q3 2025 to $1.9B in Q3 2026.
What drove Xerox Holdings's revenue change in Q3 2026?
Service −$54.0M (-6%); Sales −$39.0M (-4%).