Xerox Holdings Q3 Earnings Miss Revenue Estimates, Shares Down 2.6%

Xerox Holdings reported Q3 2025 earnings that beat estimates but revenues missed the mark. The company's shares have declined 2.6% since the earnings release. For 2025, Xerox expects adjusted operating margin of 3.5-4.5%, free cash flow of $150-$250 million, and capital expenditures of $95 million. Quarterly adjusted earnings were 20 cents per share, down 20% YoY, and revenues were $1.96 billion, up 28.3% YoY.