Feed / XRX

Xerox Holdings Corporation

XRX

Industrials · 3.15 -1.7% today

Isolated · not yet confirmedMarket checked 9 Sept, 15:55 GMT-4

Market read

Xerox Holdings Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-1.7% todayVolume comparison unavailable
Market group0 of 17 activeFinancial & Industrial Services · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • XRX's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if XRX's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Business Equipment & Supplies

No new filing conclusion is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • XRX's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations318
Usable filing statements424
Verified relationships6
Evidence supporting the case
  • Latest annual revenue changed +12.9% year over year.
  • Net margin changed +6.6 percentage points in the latest annual period.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
  • Input and raw-material costs has repeated adverse evidence across 3 filings.
  • Pricing and mix has repeated adverse evidence across 3 filings.
  • Tariffs and trade policy has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 9, 2026

3.15
6m+77.7%12m-17.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$7.0B+0.2%$-2.56-12.4%
2022-12-31$7.1B+1.0%$-2.15-18.2%
2023-12-31$6.9B-3.1%$-0.09
2024-12-31$6.2B-9.7%$-10.75-18.0%
2025-12-31$7.0B+12.9%$-8.25+1.5%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
We now expect operating cash flows to be approximately $350 million, which is a decrease from our previous guidance of $360 million, reflecting higher interest expense related to funding from the Joint Venture Financing Arrangement.
10-Q · May 7, 2026
Restructuring and cost reductionsnegative · 4 filings
These benefits were partially offset by higher Restructuring and related costs, net, higher Amortization of intangible assets, as well as higher SAG and RD&E driven by the Lexmark acquisition.
10-Q · May 7, 2026
Capital investment and capacitymixed · 3 filings
Cash Flows from Investing Activities Net cash used in investing activities was $698 million for the year ended December 31, 2025, an increase of $500 million as compared to 2024, that was primarily driven by the Lexmark Acquisition and higher capital expendit…
10-K · Mar 17, 2026
Input and raw-material costsnegative · 3 filings
The decrease is primarily due to lower revenue, lower gross margin, and higher bad debt expense.
10-K · Mar 17, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

3.15-1.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 9 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for XRX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for XRX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind XRX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JEFJefferies Financial Group Inc.partnerMar 17, 2026

Both the ABL and our First Lien Term Loan Credit Agreement, dated as of November 17, 2023, by and among Xerox Corporation as borrower, Xerox Holdings Corporation, certain of Xerox Corporation's subsidiaries, as guarantors, with Jefferies Finance LLC as admini…

MSFTMicrosoft CorporationpartnerMar 17, 2026

In connection with the technology agreement with TCS, Xerox also entered into seven-year agreements with both SAP Limited (SAP), who will provide Xerox with a cloud-based digital ERP platform, and Microsoft, who will provide their Azure cloud platform service…

Depended on by

HPQHP Inc.competitorDec 10, 2025

Our primary competitors include Brother Industries, Ltd., Canon Inc., Pantum International Limited, Seiko Epson Corporation, The Ricoh Company Ltd., and Xerox Corporation Ltd.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

XRX is currently a Follower in the organic co-movement group Financial & Industrial Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for XRX; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.