Xerox Holdings Corp

Xerox Holdings Corporation reported a net income of $13 million for the second quarter of 2026, a significant improvement from a net loss of $106 million in the same period last year, with total revenues increasing to $1.92 billion. Concurrently, Xerox Corporation established a joint venture for XRX Brandco Holdings LLC (IPCo Holdings) on February 17, 2026, contributing its brand trademarks and securing $450 million in financing from investors. This strategic move aims to manage, protect, and monetize the contributed intellectual property.

Xerox Holdings Corporation announced strong second-quarter 2026 results, with revenue increasing 22.0% to $1.92 billion and GAAP net income reaching $13 million. Adjusted operating income significantly improved to $203 million. The company raised its full-year 2026 revenue and adjusted operating income guidance, citing progress on strategic priorities including increased Lexmark synergy targets and substantial debt reduction.

Xerox Holdings Corporation has approved the 2026–2028 Transformation Retention Award Plan, effective July 1, 2026. This limited-duration, cash-based program aims to retain critical talent, including executive officers (excluding the CEO and CFO), senior leaders, and other employees, during the company's multi-year transformation. Awards will vest in eight equal quarterly installments over a two-year period, with payments made within 30 days of vesting, and generally forfeited upon termination, though accelerated vesting is possible in a Change in Control event.

Xerox Holdings Corporation shareholders approved an amendment to the 2024 Equity and Performance Incentive Plan at the 2026 Annual Meeting, increasing the shares available for issuance by 15,000,000. Additionally, shareholders elected all director nominees, ratified PricewaterhouseCoopers LLP as the independent auditor for 2026, and provided advisory approval for the 2025 compensation of Named Executive Officers.

Xerox Holdings Corp. reported a significant increase in total revenues for the first quarter of 2026, rising 26.7% to $1,846M, driven by a 65.2% surge in sales revenue. Despite this growth, the company's net loss widened to $(105)M from $(90)M in the prior year, with basic loss per share increasing to $(0.84). A key strategic development was the formation of a joint venture with TPG, IPCo Holdings, which secured $450M in funding and involved the contribution of Xerox's intellectual property.

Xerox Holdings Corporation reported Q1 2026 revenue of $1.85 billion, a 26.7% increase (23.6% constant currency) year-over-year, though down 3.7% on a pro forma basis. The company achieved adjusted operating income of $72 million, with adjusted operating margin expanding by 240 basis points to 3.9%. GAAP net loss was $(105) million, or $(0.84) per share. CEO Louie Pastor highlighted tangible progress in revenue and profit trajectory, expanded adjusted operating margin, and enhanced liquidity, reaffirming full-year 2026 guidance. Strategic milestones included Lexmark synergies on plan, a $450 million IP joint venture, and increased production installs.