Xerox Holdings Corporation and Xerox Corporation filed a combined Form 10-Q with the SEC on November 5, 2026, covering the quarterly period ended September 30, 2026, disclosing a net loss of $1.015 billion for the third quarter and a $959 million goodwill impairment charge.

Key Highlights

  • Goodwill impairment: The filing reports a $959 million goodwill impairment charge in the three months ended September 30, 2026, with no comparable charge in the prior-year period.
  • Q3 net loss: Net loss for the three months ended September 30, 2026 was $1.015 billion, compared to a net loss of $760 million in the same period of 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $1.107 billion, versus a net loss of $956 million in the prior-year period.
  • Q3 total revenues: Total revenues were $1.868 billion for the three months ended September 30, 2026, compared to $1.961 billion in the same quarter of 2025.
  • Loss per share: Basic and diluted loss per share attributable to common shareholders was $7.73 for the third quarter of 2026, compared to $6.01 in the third quarter of 2025.
  • Shares outstanding: Xerox Holdings Corporation Common Stock outstanding at October 30, 2026 was 133,208,753 shares.
  • Cash and cash equivalents: Cash and cash equivalents stood at $412 million as of September 30, 2026, down from $512 million at December 31, 2025.

Xerox Holdings Q3 2026 Results: Losses Deepen on Goodwill Impairment and Revenue Decline

According to the filing, Xerox Holdings Corporation (NASDAQ:XRX) reported total revenues of $1.868 billion for the third quarter of 2026, a decline from $1.961 billion in the same quarter of 2025. Sales revenues were $954 million versus $993 million a year earlier, while services, maintenance, rentals and other revenues came in at $914 million, down from $968 million. For the nine months ended September 30, 2026, total revenues were $5.636 billion compared to $4.994 billion in the prior-year period.

The most significant charge in the quarter, according to the filing, was a $959 million goodwill impairment recorded in the three months ended September 30, 2026, with no such charge in the comparable prior-year period. Total costs and expenses for the quarter were $2.874 billion, up from $2.261 billion in Q3 2025. The filing also reports restructuring and related costs, net of $14 million for the third quarter of 2026, compared to $59 million in the third quarter of 2025. Non-financing interest expense was $93 million in Q3 2026 versus $80 million in Q3 2025.

The loss before income taxes for the three months ended September 30, 2026 was $1.006 billion, compared to a loss of $300 million in Q3 2025. After income tax expense of $9 million, net loss reached $1.015 billion for the quarter. Net loss attributable to common shareholders, after preferred stock dividends of $4 million, was $1.019 billion, or $7.73 per basic and diluted share. For the nine-month period, basic and diluted loss per share was $8.57. The filing notes that prior-year amounts for non-financing interest expense and other expenses have been reclassified to conform to the current year's presentation.

What Was Disclosed

Xerox Holdings Corporation and Xerox Corporation filed a combined 10-Q for the period ended September 30, 2026, disclosing a $959 million goodwill impairment, a Q3 net loss of $1.015 billion, total revenues of $1.868 billion, and a loss per share of $7.73 for common shareholders.