| Schedule of Basic and Diluted Income (Loss) Per Share |
The following table sets forth the computation of basic and diluted income (loss) per share of Xerox Holdings Corporation's common stock: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Income (Loss) per Share | | | | | | | | | | Net Income (Loss) | | $ | 13 | | | $ | (106) | | | $ | (92) | | | $ | (196) | | | Accrued dividends on preferred stock | | (3) | | | (3) | | | (7) | | | (7) | | | | | | | | | | | | | | | | | | | | | Adjusted Net income (loss) available to common shareholders | | $ | 10 | | | $ | (109) | | | $ | (99) | | | $ | (203) | | | | | | | | | | | | Weighted average common shares outstanding | | 130,895 | | | 125,791 | | | 129,820 | | | 125,452 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Basic Earnings (Loss) per Share | | $ | 0.07 | | | $ | (0.87) | | | $ | (0.77) | | | $ | (1.62) | | | | | | | | | | | | Diluted Earnings (Loss) per Share: | | | | | | | | | | Net Income (Loss) | | $ | 13 | | | $ | (106) | | | $ | (92) | | | $ | (196) | | | Accrued dividends on preferred stock | | (3) | | | (3) | | | (7) | | | (7) | | | | | | | | | | | | | | | | | | | | | Adjusted Net income (loss) available to common shareholders | | $ | 10 | | | $ | (109) | | | $ | (99) | | | $ | (203) | | | | | | | | | | | | Weighted average common shares outstanding | | 130,895 | | | 125,791 | | | 129,820 | | | 125,452 | | | Common shares issuable with respect to: | | | | | | | | | | Stock options | | — | | | — | | | — | | | — | | | Restricted stock and performance shares | | 3,893 | | | — | | | — | | | — | | | Convertible preferred stock | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | Adjusted weighted average common shares outstanding | | 134,788 | | | 125,791 | | | 129,820 | | | 125,452 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted Earnings (Loss) per Share | | $ | 0.07 | | | $ | (0.87) | | | $ | (0.77) | | | $ | (1.62) | | | | | | | | | | | | 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: | | Stock options | | 119 | | | 132 | | | 119 | | | 132 | | | Restricted stock and performance shares | | 17,927 | | | 18,522 | | | 21,820 | | | 18,522 | | | Convertible preferred stock | | 6,742 | | | 6,742 | | | 6,742 | | | 6,742 | | | Convertible notes | | 19,196 | | | 19,196 | | | 19,196 | | | 19,196 | | | Warrants | | 82,464 | | | — | | | 82,464 | | | — | | | Total Anti-Dilutive Securities | | 126,448 | | | 44,592 | | | 130,341 | | | 44,592 | | | | | | | | | | | | Dividends per Common Share | | $ | 0.025 | | | $ | 0.025 | | | $ | 0.050 | | | $ | 0.150 | |
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