XEROX CORP

For the period ended Sep 30, 2025. Filed Nov 10, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 10, 2025

XRX$1.07+2.9%Stored close · as of Nov 10, 2026

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Contents

Xerox Corporation Condensed Consolidated Statements of Loss

CONDENSED CONSOLIDATED STATEMENTS OF LOSS (UNAUDITED)

	Three Months EndedSeptember 30,		Nine Months EndedSeptember 30,
(in millions)	2025	2024	2025	2024
Revenues
Sales	$993	$588	$2,215	$1,722
Services, maintenance, rentals and other(1)	968	940	2,779	2,886
Total Revenues	1,961	1,528	4,994	4,608
Costs and Expenses
Cost of sales	788	390	1,650	1,117
Cost of services, maintenance, rentals and other(1)	728	643	2,022	2,033
Research, development and engineering expenses	74	45	159	144
Selling, administrative and general expenses	476	369	1,221	1,158
Goodwill impairment	—	1,058	—	1,058
Restructuring and related costs, net	59	56	68	107
Amortization of intangible assets	30	10	50	30
Divestitures	—	—	(4)	51
Other expenses, net	104	43	248	120
Total Costs and Expenses	2,259	2,614	5,414	5,818
Loss before Income Taxes	(298)	(1,086)	(420)	(1,210)
Income tax expense	460	118	529	88
Net Loss	$(758)	$(1,204)	$(949)	$(1,298)

(1) In 2025, certain reclassifications were made within the Condensed Consolidated Statement of Loss to the prior periods in order to conform to the current period reporting. Refer to the Segments section of Note 1 - Basis of Presentation for additional information.

Xerox 2025 Form 10-Q 7

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