Xerox
Inventor of xerography turned print-and-IT-services company reshaping itself around Lexmark and IT Solutions.
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Profile
Traces to a 1906 photographic-paper maker that commercialized xerography and gave photocopying itself a verb; now split between a Print and Other segment reshaped by the 2025 Lexmark acquisition and a newly built IT Solutions segment, serving customers in the United States and international markets while managing a shrinking print equipment base.
Traces to a Rochester, New York photographic-paper maker founded in 1906 that later commercialized xerography, the dry-toner copying process so completely adopted that the resulting brand name entered everyday language as a verb for photocopying.
A research lab it built in the 1970s invented the graphical interface, computer mouse, Ethernet, and laser printing; only laser printing became a lasting business, the rest commercialized chiefly by others.
The current portfolio splits between a Print and Other segment, broadened by the 2025 purchase of printer maker Lexmark, and a newly built IT Solutions segment from a 2024 IT-services acquisition, reaching customers across the United States and international markets.
Revenue still depends on a print equipment and page-volume base that has shrunk for years, and the business is mid-integration of its largest acquisition while restructuring its cost base.
Company facts
Key statistics
Year to date +24.4% · Average volume (30d) 3.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Aug 18, 2026 | Needham | Target | $5 | |
| Aug 18, 2026 | Noble Capital Markets | Initiate | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | −$0.12 | $0.36 | +398.0% | $1.90B | $1.92B | +1.1% | +32.20% |
| Apr 30, 2026Q1 FY26 | −$0.20 | −$0.11 | +45.0% | $1.75B | $1.85B | +5.7% | +20.00% |
| Jan 29, 2026Q4 FY25 | $0.15 | −$0.10 | −166.7% | $2.05B | $2.03B | −1.2% | +7.35% |
| Oct 30, 2025Q3 FY25 | $0.04 | $0.20 | +400.0% | $2.18B | $1.96B | −9.9% | +7.44% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.58B | $1.96B | $2.03B | $1.85B | $1.92B | |
| Gross profit | $403.0M | $428.0M | $415.0M | $543.0M | $519.0M | $688.0M | |
| Operating income | −$4.0M | $29.0M | −$136.0M | $41.0M | $25.0M | $31.0M | |
| Net income | −$90.0M | −$106.0M | −$760.0M | −$73.0M | −$105.0M | $13.0M | |
| Diluted EPS | −$0.75 | −$0.87 | −$6.02 | −$0.59 | −$0.85 | $0.07 | |
| Gross margin | 27.7% | 27.2% | 21.2% | 26.8% | 28.1% | 35.8% | |
| Operating margin | -0.3% | 1.8% | -6.9% | 2.0% | 1.4% | 1.6% |
Fiscal years (4-quarter sums)FY21 $7.04B · FY22 $7.11B · FY23 $6.89B · FY24 $6.22B · FY25 $7.02B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $495.0M · Total debt $4.22B · Total assets $9.72B · Shareholders' equity $544.0M
Dividends
Last cut to $0.025 from $0.125 in Jun 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 31 | $0.025 | |
| Mar 31, 2026 | Mar 31 | Apr 30 | $0.025 | |
| Dec 31, 2025 | Dec 31 | Jan 30 | $0.025 | |
| Sep 30, 2025 | Sep 30 | Oct 31 | $0.025 | |
| Jun 30, 2025 | Jun 30 | Jul 31 | $0.025 | cut from $0.125 |
| Mar 31, 2025 | Mar 31 | Apr 30 | $0.125 | cut from $0.25 |
| Dec 31, 2024 | Dec 31 | Jan 31 | $0.25 | |
| Sep 30, 2024 | Sep 30 | Oct 31 | $0.25 |
Ownership
Shares outstanding 130.78M · Float 119.55M · 91.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.59M | 8.10% | 13F | Aug 7, 2026 |
| Frantisek Bostl | 8.94M | 6.84% | 13D | Jul 13, 2026 |
| Deason Douglas R · 10 percent owner | 8.54M | 6.53% | Form 4 | Apr 8, 2026 |
| DD Revocable Trust · 10 percent owner | 8.54M | 6.53% | Form 4 | Apr 8, 2026 |
| State Street Corp | 5.83M | 4.46% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- HP
Head-to-head across managed print services and enterprise printer hardware
- CDW
Head-to-head in IT hardware, software, and managed IT solutions reselling
- Insight Enterprises
Head-to-head in IT reselling, cloud solutions, and managed services
- ePlus
Head-to-head in IT reselling and technology-financing referrals
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Xerox | $3.16 | +3.27% | $400.2M | — | 9.7 | 0.1 | +22.0% |
| HP | $30.49 | −0.04% | $27.91B | 11.6 | 10.8 | 0.5 | +12.5% |
| CDW | $147.88 | +0.15% | $18.87B | 17.8 | 13.1 | 0.8 | +10.0% |
| Insight Enterprises | $155.65 | −0.05% | $4.70B | 22.8 | 12.3 | 0.5 | +14.7% |
| ePlus | $87.28 | −0.03% | $2.28B | 18.3 | 16.4 | 0.9 | +1.9% |
| Median | 18.0 | 12.7 | 0.7 | +11.3% |