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 |
Fourth-Quarter and Full-Year Results
(PDF, 751 KB) |
(PDF, 1.75 MB)
(PDF, 938 KB)
Xerox Q4 2024 Financial Model
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