| Schedule of Basic and Diluted Loss Per Share |
The following table sets forth the computation of basic and diluted loss per share of Xerox Holdings Corporation's Common stock (shares in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | | 2025 | | 2024 | | 2023 | | Basic Loss per Share: | | | | | | | | Net (Loss) Income | | $ | (1,029) | | | $ | (1,321) | | | $ | 1 | | | Accrued dividends on preferred stock | | (14) | | | (14) | | | (14) | | | | | | | | | | | | | | | | | Adjusted Net Loss attributable to common shareholders | | $ | (1,043) | | | $ | (1,335) | | | $ | (13) | | | | | | | | | | Weighted average common shares outstanding | | 126,473 | | | 124,210 | | | 149,116 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Basic Loss per Share: | | $ | (8.25) | | | $ | (10.75) | | | $ | (0.09) | | | | | | | | | | Diluted Loss per Share: | | | | | | | | Net (Loss) Income | | $ | (1,029) | | | $ | (1,321) | | | $ | 1 | | | Accrued dividends on preferred stock | | (14) | | | (14) | | | (14) | | | | | | | | | | | | | | | | | | | | | | | | Adjusted Net Loss attributable to common shareholders | | $ | (1,043) | | | $ | (1,335) | | | $ | (13) | | | | | | | | | | Weighted average common shares outstanding | | 126,473 | | | 124,210 | | | 149,116 | | | Common shares issuable with respect to: | | | | | | | | Stock options | | — | | | — | | | — | | | Restricted stock and performance shares | | — | | | — | | | — | | | Convertible preferred stock | | — | | | — | | | — | | | | | | | | | | Adjusted Weighted average common shares outstanding | | 126,473 | | | 124,210 | | | 149,116 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted Loss per Share: | | $ | (8.25) | | | $ | (10.75) | | | $ | (0.09) | | | | | | | | | | The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands): | | Stock options | | 127 | | | 147 | | | 231 | | | Restricted stock and performance shares | | 14,340 | | | 8,623 | | | 6,711 | | | Convertible preferred stock | | 6,742 | | | 6,742 | | | 6,742 | | Convertible notes(1) | | 19,196 | | | 19,196 | | | — | | | Total Anti-Dilutive Securities | | 40,405 | | | 34,708 | | | 13,684 | | | | | | | | | | Dividends per Common Share | | $ | 0.20 | | | $ | 1.00 | | | $ | 1.00 | |
_____________ (1)Refer to Note 15 - Debt for additional information related to the issuance of Xerox Holdings Corporation's $400 of 3.75% Convertible Senior Notes due 2030.
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