Norwalk, Conn. —  

Financial Summary

Q4 2024

  • Revenue of $1.61 billion, down 8.6 percent, or 8.0 percent in constant currency.
  • GAAP net (loss) of $(21) million, or $(0.20) per share, an improvement of $37 million or $0.30 per share, year-over-year, respectively.
  • Adjusted net income of $49 million, or $0.36 per share, down $7 million or $0.07 per share, year-over-year, respectively.
  • Adjusted operating margin of 6.4 percent, up 100 basis points year-over-year.
  • Operating cash flow of $351 million, down $38 million year-over-year.
  • Free cash flow of $334 million, down $45 million year-over-year.

FY 2024

  • Revenue of $6.22 billion, down 9.7 percent, or 9.5 percent in constant currency.
  • GAAP net (loss) of $(1.32) billion, or $(10.75) per share, down $1.32 billion or $10.66 per share, year-over-year, respectively. 2024 includes an after-tax non-cash goodwill impairment charge of $1.0 billion, or $8.17 per share.
  • Adjusted net income of $135 million, or $0.97 per share, down $152 million or $0.85 per share, year-over-year, respectively. 
  • Adjusted operating margin of 4.9 percent, down 70 basis points year-over-year.
  • Operating cash flow of $511 million, down $175 million year-over-year.  
  • Free cash flow of $467 million, down $182 million year-over-year.

News Release Related Earnings Documents Webcast and Multimedia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(PDF, 1.75 MB)
 
(PDF, 938 KB)
 
Xerox Q4 2024 Financial Model
(PDF, 221 KB) or (Excel, 4.3MB)