v3.26.1
Xerox Holdings Corporation Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Total Revenues $ 7,022 $ 6,221 $ 6,886
Costs and Expenses      
Research, development and engineering expenses 230 191 229
Selling, administrative and general expenses 1,654 1,537 1,696
Goodwill impairment 0 1,058 0
Restructuring and related costs, net 66 112 167
Amortization of intangible assets 83 73 43
Divestitures (4) 47 0
PARC donation 0 0 132
Other expenses, net 360 158 75
Total Costs and Expenses 7,510 7,437 6,914
Loss before Income Taxes (488) (1,216) (28)
Income tax expense (benefit) 541 105 (29)
Net (Loss) Income (1,029) (1,321) 1
Less: Preferred stock dividends, net (14) (14) (14)
Net Loss Attributable to Common Shareholders $ (1,043) $ (1,335) $ (13)
Basic Loss per Share (in dollars per share) $ (8.25) $ (10.75) $ (0.09)
Diluted Loss per Share (in dollars per share) $ (8.25) $ (10.75) $ (0.09)
Sales      
Revenues      
Total Revenues $ 3,283 $ 2,378 $ 2,720
Costs and Expenses      
Cost of goods and services sold 2,367 1,562 1,778
Services, maintenance , rentals and other      
Revenues      
Total Revenues [1] 3,739 3,843 4,166
Costs and Expenses      
Cost of goods and services sold [1] $ 2,754 $ 2,699 $ 2,794
[1] In 2025, certain reclassifications were made within the Consolidated Statements of (Loss) Income 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.