Xerox publishes 2025 annual report after Lexmark acquisition closes

Xerox Holdings Corporation

Xerox Holdings Corporation

XRX

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  • Xerox released its 2025 annual report, outlining a push to shift from print-first operations toward software-enabled, services-led offerings with more AI embedded across products and services.
  • Company highlighted completion of Lexmark acquisition, expanding A4 device exposure, channel reach, internal manufacturing footprint, presence in APAC print markets.
  • Integration of ITsavvy into Xerox IT Solutions was completed, positioning business for a larger addressable market beyond traditional print.
  • Reinvention program delivered more than $500 million in cumulative run-rate gross cost savings through year-end 2025.
  • Management set 2026 priorities around stabilizing revenue, expanding margins, accelerating debt reduction, targeting leverage below 3.0x total debt to EBITDA.


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