Key Highlights

  • The board declared a $0.025 common Dividend on August 5, 2026, payable October 30 to September 30 record holders.
  • The board also declared a $20.00 per share dividend on Series A Convertible Perpetual Preferred Stock, payable October 1.
  • Second-quarter Revenue was $1.92 billion, up 22.0%, while pro forma revenue declined 6.5%, the company reported.
  • GAAP Net Income was $13 million, or $0.07 per share, and adjusted net income, a non-GAAP measure, was $55 million.

Overview

Xerox Holdings Corporation (NASDAQ:XRX) declared a quarterly dividend of $0.025 per share on common stock on August 5, 2026, payable October 30 to holders of record on September 30. The dividend yields 3.01%. Second-quarter GAAP net income was $13 million, or $0.07 per share, and adjusted net income, a non-GAAP measure, was $55 million, or $0.38 per share, on revenue of $1.92 billion.

Dividend Program and Shareholder Returns

The board declared a quarterly dividend of $0.025 per share on Xerox Holdings Corporation common stock on August 5, 2026. It is payable October 30 to shareholders of record on September 30, and the stock trades ex-dividend on September 30.

The same announcement declared a $20.00 per share dividend on the Series A Convertible Perpetual Preferred Stock, with a September 15 Record Date and an October 1 payment date. The preferred dividend is separate from the common dividend.

About the Company

Xerox Holdings Corporation, a Nasdaq-listed company, reports GAAP results alongside adjusted measures that it identifies as non-GAAP. Its second-quarter release compares reported revenue with pro forma revenue, and the company also reports Cash Flow measures and a benefit from IEEPA Tariff receivables.

Second-Quarter Revenue and Earnings

Revenue was $1.92 billion, up 22.0% year over year and up 21.2% in constant currency. On a pro forma basis, revenue declined 6.5%.

GAAP net income was $13 million, or $0.07 per share, an improvement of $119 million, or $0.94 per share, from the prior-year quarter. Adjusted net income, a non-GAAP measure, was $55 million, or $0.38 per share, an increase of $132 million, or $1.02 per share.

Adjusted Operating Income and Cash Flow

Adjusted operating income, a non-GAAP measure, was $203 million, up $144 million year over year. The adjusted Operating Margin was 10.6%, an increase of 690 basis points.

Operating cash flow was $37 million, up $48 million year over year, and free cash flow was $11 million, up $41 million year over year. The company states these cash flow figures exclude a $105 million pre-tax benefit from the recognition of IEEPA tariff receivables, which was accounted for within financing cash flow rather than operating or free cash flow.

The pro forma revenue decline alongside the reported revenue increase means the two measures describe different comparisons, and the company reports both. The release also gives the constant currency growth rate of 21.2%, which sits beside the reported rate of 22.0%.

Outlook

The gap between reported revenue growth of 22.0% and pro forma revenue decline of 6.5%, the IEEPA tariff receivables benefit, adjusted operating margin, cash flow and the board's quarterly declarations are the relevant considerations. The second quarter is the most recent reported period, and the August declaration is the latest dividend action.