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SEGMENT INFORMATION AND CONCENTRATIONS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND CONCENTRATIONS
4. SEGMENT INFORMATION AND CONCENTRATIONS

Subsequent to the Digital Banking Sale and the Spin-Off, as described in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, the Company manages and reports the following two segments:

•Retail - Our Retail segment serves enterprise and mid-market retailers primarily in the convenience, fuel & retail, grocery, drug & mass merchandise, and department & specialty retail industries. Our retail solutions, including software, services, payments, and hardware offerings, provide end-to-end connectivity within a customer’s operations, including, point-of-sale (“POS”), self-checkout (“SCO”), inventory and supply chain management, fraud and loss prevention, loyalty and consumer engagement.

•Restaurants - Our Restaurants segment is focused on serving restaurants and food service establishments, including quick-service, table-service and fast casual restaurants of all sizes. Our restaurant solutions include, software, payments, hardware, installation, maintenance, and managed and professional services. These solutions are designed to help streamline order and transaction processing, increase consumer engagement, manage the supply chain, increase kitchen productivity and reduce operating costs.

Corporate and Other includes income and expenses related to corporate functions that are not specifically attributable to either of our two reportable segments along with certain non-strategic businesses that are considered immaterial operating segment(s), as well as commercial agreements with NCR Atleos. As disclosed in Note 2, “Discontinued Operations”, the Japan bank technology solutions business sale qualified as a discontinued operation during the six months ended June 30, 2026, and all revenue and expenses historically reported within Corporate and Other are presented in net income (loss) from discontinued operations, net of tax on the Condensed Consolidated Statements of Operations for all periods presented.

These segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the chief operating decision maker (“CODM”), the CEO. The CODM considers the budget-to-actual and forecast-to-actual variances for revenue and segment Adjusted EBITDA on a periodic basis in assessing segment performance and in allocating the Company’s resources. Adjusted EBITDA is defined as GAAP net income (loss) from continuing operations attributable to NCR Voyix plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization (excluding acquisition-related amortization of intangibles); plus stock-based compensation expense; plus pension
mark-to-market adjustments and other special items, including amortization of acquisition-related intangibles, acquisition-related costs, loss (gain) on disposal of businesses, loss (gain) on extinguishment of debt, separation-related costs, cyber ransomware incident recovery costs net of insurance recoveries, fraudulent ACH disbursements costs net of recoveries, foreign currency devaluation, transformation and restructuring charges (which includes integration, severance and other exit and disposal costs), strategic initiative costs and litigation costs, among others. The special items are considered non-operational or non-recurring in nature, so are excluded from the Adjusted EBITDA metric utilized by our CODM in evaluating segment performance and are separately delineated to reconcile back to total reported GAAP net income (loss) from continuing operations attributable to the Company.

Assets are not allocated to segments, and thus are not included in the assessment of segment performance. Consequently, we do not disclose total assets by reportable segment. The accounting policies used to determine the results of the operating segments are the same as those utilized for the condensed consolidated financial statements as a whole. Intersegment sales and transfers are not material.

The following table presents summarized financial information for the Company’s reportable segments for the three months ended June 30, 2026:
In millionsRetailRestaurantsTotal
Revenue by Segment$365 $158 $523 
Other— 
Total Revenue$523 
Cost of Revenue220 66 
Other segment items(1)
48 34 
Segment Adjusted EBITDA$97 $58 $155 

The following table presents summarized financial information for the Company’s reportable segments for the three months ended June 30, 2025:
In millionsRetailRestaurantsTotal
Revenue by Segment$454 $205 $659 
Other1 
Total Revenue$660 
Cost of Revenue322 105 
Other segment items(1)
51 32 
Segment Adjusted EBITDA$81 $68 $149 

The following table presents summarized financial information for the Company’s reportable segments for the six months ended June 30, 2026:

In millionsRetailRestaurantsTotal
Revenue by Segment$792 $337 $1,129 
Other— 
Total Revenue$1,129 
Cost of Revenue515 161 
Other segment items(1)
102 64 
Segment Adjusted EBITDA$175 $112 $287 
The following table presents summarized financial information for the Company’s reportable segments for the six months ended June 30, 2025:
In millionsRetailRestaurantsTotal
Revenue by Segment$874 $396 $1,270 
Other2 
Total Revenue$1,272 
Cost of Revenue623 204 
Other segment items(1)
105 65 
Segment Adjusted EBITDA$146 $127 $273 
(1)Other segment items primarily includes selling, general and administrative expenses and research and development expenses.

The following table reconciles Segment Adjusted EBITDA to Net income (loss) from continuing operations attributable to NCR Voyix:
In millionsThree months ended June 30Six months ended June 30
2026202520262025
Segment Adjusted EBITDA$155 $149 $287 $273 
Corporate and other income and expenses not allocated to reportable segments57 56 111 106 
Depreciation and amortization47 51 93 101 
Acquisition-related amortization of intangibles6 6 13 12 
Interest expense15 14 30 29 
Interest income(1)(1)(1)(7)
Income tax expense (benefit)(1)(4)(40)(11)
Stock-based compensation expense11 9 19 18 
Transformation and restructuring costs(1)
20 16 43 37 
Strategic initiatives(2)
2 2 20 9 
Litigation costs(3)
— — 2 — 
Net income (loss) from continuing operations attributable to NCR Voyix$(1)$— $(3)$(21)
(1)Represents integration, severance, and other exit and disposal costs which are considered non-operational in nature.
(2)Represents professional fees related to strategic initiatives which are considered non-operational in nature, as well as certain costs incurred related to the Hardware Business Transition.
(3)Represents costs related to a certain litigation matter, net of expected indemnity recoveries from NCR Atleos, as discussed in Note 9, “Commitments and Contingencies”.

Revenue is attributed to the geographic area to which the product is delivered or in which the service is provided. The following table presents revenue by geographic area for the Company:
In millionsThree months ended June 30Six months ended June 30
2026202520262025
United States$334 $402 $709 $785 
Americas (excluding United States)34 45 72 88 
Europe, Middle East and Africa103 153 241 285 
Asia Pacific52 60 107 114 
Total revenue$523 $660 $1,129 $1,272 
The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time for the Company:
In millionsThree months ended June 30Six months ended June 30
2026202520262025
Recurring revenue(1)
$435 $421 $854 $825 
All other products and services88 239 275 447 
Total revenue$523 $660 $1,129 $1,272 
(1) Recurring revenue includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights.