Corporate - Xerox Newsroom

Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

Wed, 20 May 2026 16:32:00 GMT

Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.025 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2026, to shareholders of record on June 30, 2026.

The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2026, to shareholders of record on June 15, 2026.

About Xerox Holdings Corporation (NASDAQ: XRX)
Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025 Xerox acquired Lexmark - expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

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Xerox Named a Leader in Quocirca’s 2026 ACT Assessment

Tue, 12 May 2026 12:00:00 GMT

Xerox today announced it has been positioned as a Leader in Quocirca’s 2026 Automation & AI, Cloud & Technology assessment, which evaluates vendor capability across Automation & AI, Cloud, and Technology Ecosystems.

The Leader position reflects the breadth and maturity of the Xerox integrated portfolio, bringing together Automation and AI, Cloud, and ecosystem‑driven services to deliver tangible outcomes for clients. Building on a long heritage of simplifying work and modernizing workflows, Xerox now applies AI as a foundational capability across its offerings. This includes predictive maintenance, workflow automation, intelligent document processing, and production optimization, supported by cloud platforms and partner ecosystems to scale securely across distributed environments.

The ACT assessment recognizes vendors that demonstrate the strategic vision, execution strength, and integration required to move beyond standalone technologies and support enterprise‑wide transformation. Recognition in the Leader category underscores the evolution of Xerox into a services‑led, software‑enabled technology partner, helping organizations reduce complexity and adapt to changing work models.

“Xerox distinguishes itself in the ACT landscape through the depth, integration, and operational maturity of its automation, AI, and cloud capabilities,” said Louella Fernandes, CEO of Quocirca. “With intelligence embedded across devices, platforms, and services, reinforced by a strong technology ecosystem and growing IT services portfolio, Xerox exemplifies what we expect from ACT Leaders: a clear strategic vision, proven global execution, and the ability to act as a true pacesetter for customer transformation and innovation.”

The recognition also reflects the continued growth of Digital Services and Xerox IT Solutions, alongside progress integrating Lexmark, strengthening the ability of Xerox to deliver higher value, recurring digital and IT services at scale.

“This recognition reflects the progress we’ve made integrating AI, automation, cloud, and IT into a more connected platform that helps clients simplify operations and adapt more quickly to changing business demands,” said Munu Gandhi, president of Xerox IT Solutions and chief technology officer at Xerox. “As we continue to scale the business, we remain focused on delivering practical innovation, operational excellence, and long-term value for our clients.”

For more information, visit www.xerox.com.

About Xerox Holdings Corporation (NASDAQ: XRX)

Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark, expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

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Xerox Releases First-Quarter Results

Wed, 29 Apr 2026 13:21:00 GMT

Financial Summary

Q1 2026

Revenue of $1.85 billion, up 26.7 percent, or 23.6 percent in constant currency¹. On a pro forma² basis, revenue is down 3.7 percent.
GAAP net (loss) of $(105) million, or $(0.84) per share, down $15 million or $0.09 per share, year-over-year, respectively.
Normalized Adjusted³ net (loss) of $(10) million, or $(0.11) per share, down $3 million or $0.02 per share, year-over-year, respectively.
Adjusted¹ net (loss) of $(51) million, or $(0.43) per share, down $47 million or $0.37 per share, year-over-year, respectively.
Adjusted¹ operating income of $72 million, up $50 million year-over-year.
Adjusted¹ operating margin of 3.9 percent, up 240 basis points year-over-year.
Operating cash flow of $(144) million, down $55 million year-over year, reflecting expected Q1 seasonality.
Free cash flow¹ of $(165) million, down $56 million year-over-year. Full-year free cash flow guidance of approximately $250 million is unchanged, implying greater than $400 million of cash generation over the remaining three quarters.

News Release	Related Earnings Documents	Webcast and Multimedia
First-Quarter Results (PDF, 811KB)	Xerox Q1 2026 Earnings Presentation (PDF, 1.97 MB) Xerox Q1 2026 Non-GAAP Measures (PDF, 1.06 MB) Xerox Q1 2026 Financial Model (PDF, 372 KB) or (Excel, 4.4 MB)	Webcast Replay: Conference Call

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Xerox Launches Xerox IT as a Service to Help Simplify Technology, Reduce Risk for SMB Market

Tue, 28 Apr 2026 13:00:00 GMT

Xerox today announced the launch of Xerox^® IT as a Service, an AI-powered ServiceNow platform that transforms how organizations operate and manage technology.

Xerox ITaaS unifies managed services, automation, procurement, and real-time intelligence into a single IT operating system, enabling organizations to move from reactive support models to autonomous operations.

As organizations face increasing complexity, from distributed infrastructure and rising cyber threats to mounting cost pressures, traditional managed services models are reaching their limits. Xerox ITaaS introduces a new approach: intelligent, platform-based IT delivery designed for scale, resilience and efficiency.

Built on the ServiceNow^® AI Platform, Xerox ITaaS extends enterprise-grade workflow automation and intelligence across the entire IT lifecycle. Purpose-built for SMB and commercial mid-market organizations, the platform delivers simplified IT operations without the complexity traditionally required to deploy and manage it. By connecting infrastructure, workflows, and decision-making in real time, Xerox ITaaS replaces fragmented tools and manual processes with a unified system that enables predictive insights, automated workflows and self-healing capabilities.

“For decades, IT services have been delivered through people, tickets, and reactive workflows. That model is no longer sufficient,” said Munu Gandhi, president of Xerox IT Solutions and chief technology officer at Xerox. “Xerox IT as a Service represents a fundamental shift by bringing together AI, automation, and platform-based delivery to enable autonomous IT operations. We’re delivering an enterprise-grade platform that allows mid-market organizations to operate with the same intelligence, automation, and control as the largest companies.”

The platform integrates four core capabilities:

Intelligent Operations: Predictive monitoring and self-healing infrastructure.

AI-Driven Automation: Workflow orchestration that reduces manual effort.

Integrated Procurement & Lifecycle Management: End-to-end visibility and control of assets and services.

Real-Time Intelligence: Dashboards and insights that connect IT performance to business outcomes.

Powered by the industry‑leading ServiceNow workflow engine and strengthened by Xerox infrastructure expertise, the platform enables organizations to transition from managing IT to operating IT autonomously. Collectively, the partnership delivers enterprise‑level performance, visibility, control, and automation at scale to organizations that previously lacked access to these capabilities.

"As enterprises transition from AI ambition to AI execution, reliable partnerships are more important than ever before," said Jen Odess, group vice president, Americas Global Partnerships & Channels at ServiceNow. "Xerox IT as a Service, built on the ServiceNow AI Platform, helps growing businesses simplify technology management, reduce risk, and operate with the efficiency and insight they need to excel. This collaboration highlights the power of innovation when deep enterprise expertise is supported by an AI platform built for scale."

The launch of Xerox ITaaS reflects the broader transformation of Xerox from a product-centric company to a services-led, AI-enabled platform provider. It also represents a strategic expansion of enterprise-grade capabilities into the SMB and mid-market segment where organizations are increasingly expected to operate with that level of sophistication but often lack the tools and resources to do so.

Fresh Thyme Market, an early adopter of Xerox ITaaS, is already seeing the impact of this new approach.

“As our business grew, managing IT became increasingly complex,” said Craig Diggs, director of Technology, Fresh Thyme Market. “With Xerox ITaaS, we’re gaining real-time visibility and more predictable operations. It’s not just improving stability. It’s changing how we think about operating our technology and giving us capabilities we typically associate with much larger enterprises.”

Xerox IT as a Service is available across the United States, with global expansion planned throughout 2026. For more details, visit www.xerox.com/ITaaS.

About Xerox Holdings Corporation (NASDAQ: XRX)
Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark — expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

© 2026 Xerox Corporation. All rights reserved. Xerox® is a trademark of Xerox in the United States and/or other countries. ServiceNow and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc., in the United States and/or other countries.

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Xerox Board of Directors Appoints Louie Pastor as Chief Executive Officer

Mon, 30 Mar 2026 12:30:00 GMT

Xerox Holdings Corporation (NASDAQ: XRX) today announced that Steve Bandrowczak will step down as Chief Executive Officer, and the Board of Directors has appointed Louie Pastor as Chief Executive Officer, effective immediately.

“On behalf of the Board and the entire Xerox team, I want to thank Steve for his leadership during a pivotal period for the company, including the successful acquisitions and integrations of Lexmark and ITsavvy,” said Scott Letier, Chairman of the Xerox Board of Directors. “Louie brings a strong combination of operational discipline, strategic insight, and deep familiarity with Xerox. Throughout his time with the company, he has played a central role in advancing our strategy, strengthening our operating model, and driving enterprise-wide transformation. The Board is confident that Louie’s leadership and focus on execution will position Xerox well as we continue to build momentum and deliver on our strategic and financial objectives.”

Pastor most recently served as President and Chief Operating Officer of Xerox, where he played a central role in advancing the company’s strategy and driving operational performance. In this role, he led enterprise transformation, global service delivery, revenue operations, marketing and communications, and the company’s people and technology organizations, helping accelerate Xerox’s growth initiatives.

“I am honored to step into the role of CEO and lead Xerox into its next chapter,” said Louie Pastor, chief executive officer of Xerox. “Steve’s leadership has been instrumental in strengthening the company’s foundation and positioning Xerox for long‑term success. We have a strong team and a clear focus on execution. I look forward to driving results and delivering on our priorities.”

“It has been a privilege to lead Xerox during a period of significant change for our industry,” said Bandrowczak. “Over the past several years, we have taken important steps to strengthen the company, and I am proud of the resilience of our team. I appreciate the support of the Board and leadership team during my tenure and wish the company well in its next chapter. I’m confident Louie will lead the company with the focus and execution discipline this moment requires.”

The company is reaffirming its full-year 2026 guidance and remains on track to deliver on its financial and operational targets.

About Xerox Holdings Corporation (NASDAQ: XRX)

Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark — expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

Forward-Looking Statement

This press release contains statements which are not historical facts that are considered forward-looking statements under federal securities laws and may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” “would,”, “could,”, “can,” “should,” “targeting,” “projecting,” “driving,” “future,” “plan,” “predict,” “may” or words of similar meaning and include, but are not limited to, statements regarding the Joint Venture Financing. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. These forward-looking statements speak only as of the date of this document or as of the date to which they refer, and we assume no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law. Factors that might cause such differences include, but are not limited to, those discussed in the Company’s Securities and Exchange Commission filings, including the Company’s reports on Forms 10-K and 10-Q. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.

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Xerox Named a Leader in Quocirca AI Vendor Landscape 2026 Report

Wed, 04 Mar 2026 15:58:00 GMT

Xerox has been named a leader in the Quocirca AI Vendor Landscape 2026, underscoring the company’s position at the forefront of AI-enabled print, workflow, and digital transformation technologies. The report recognizes the company for its AI-first innovation strategy, comprehensive AI workflow ecosystem, and early adoption of agentic AI. This marks the second consecutive year the company has achieved a leadership ranking in the annual assessment.

Quocirca, a global research firm specializing in the evolution of print and digital technologies in the modern workplace, evaluates vendors on the strength and execution of their AI strategies, portfolios and innovation.

“Xerox is building the next generation of intelligent workplace and production solutions with AI, cloud, and automation at the center,” said Stephen Miller, chief digital officer at Xerox. “AI is infused throughout our products, services, and internal operations, and this recognition from Quocirca highlights the strength of our AI-first strategy and the meaningful outcomes we’re delivering for clients and partners.”

A Comprehensive AI Workflow Ecosystem

The report highlights the depth of the company's AI workflow ecosystem, powered by Global Capture and Intelligent Document Processing (IDP) platforms that unify technologies across the document lifecycle. Solutions such as ConnectKey® Apps, the Xerox® Workflow Central Platform, and Xerox® EveryDoc™ IDP App help organizations automate processes and streamline complex workflows. These capabilities are reinforced by AI-enabled print technologies, including the Xerox® AltaLink® 8200 Series, the industry’s first AI-assisted multifunction printer.

“Xerox continues to perform strongly across AI-enabled print and workflow innovation,” said Louella Fernandes, CEO of Quocirca. “Its comprehensive and tightly integrated AI ecosystem showcases both depth and maturity. The company’s strategic focus on agentic AI and responsible governance positions it as a leader in driving the next phase of intelligent workplace transformation.”

Agentic AI Strategy Accelerates Innovation

Quocirca notes the company’s early adoption of embedding agentic AI across solutions and services to enable autonomous processes, enhanced decision making and faster issue resolution. Through its X.Assist framework of AI agents, the company aims for AI agents to optimize or execute 50–70% of work by 2027. These agents support functions such as predictive service, inventory management, workflow orchestration and client support.

AI-Driven Managed Print Services and Lexmark Integration

Quocirca also cites several other strengths for Xerox, including:

Advanced managed print services with AI-driven analytics that optimize print environments and support predictive service.
New opportunities created through the Lexmark integration, expanding capabilities in workflow automation, device management, SIEM integration, retail solutions and predictive service.
AI tools that help clients advance sustainability goals through reduced waste, optimized device usage and proactive service delivery.

For more information on Xerox AI functionality, please visit: www.xerox.com.

About Xerox Holdings Corporation (NASDAQ: XRX)

Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark — expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

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Xerox Expands Unified Market Approach with Broader A3 Portfolio Following Lexmark Acquisition

Mon, 02 Mar 2026 13:00:00 GMT

Xerox has further unified its print go-to-market structure, bringing the Xerox and Lexmark sales forces together around an increasingly integrated portfolio of printers, MFPs, software and services. Through this integration, legacy Xerox clients and partners worldwide now have access through their sellers to the Lexmark® 9-Series line of printers, extending the company’s A3 platform with a line known for its versatility, simplicity, serviceability and sustainability.

Compatibility between Lexmark devices and Xerox® Managed Print Services, print solutions, app and Xerox® Workflow Central reinforces a consistent and scalable operating model across enterprise and departmental environments, including back office, retail, healthcare and manufacturing.

“This is more than an integration milestone. It marks a meaningful step forward in how we operate and go to market,” said Jacques-Edouard Gueden, chief revenue officer at Xerox. “By aligning our teams behind a unified portfolio and sales model, we are strengthening reliability, operational consistency and long-term value for our clients. This is Reinvention in action, simplifying our core and driving sustainable growth.”

The 9-Series platform, built in-house and engineered for long-term performance, is structured around four core attributes:

Versatility: Whether supporting front-office teams or high-volume production environments, the platform handles a wide range of media sizes (A6 to SRA3), demanding duty cycles, and advanced finishing needs. Professional color features, including PANTONE® calibration, help clients produce polished, consistent output.
Simplicity: An intuitive interface with clear prompts helps users complete everyday tasks quickly and confidently. Clients benefit from the peace of mind that comes with the industry’s most comprehensive security portfolio, delivered as a standard feature right out of the box.
Serviceability: The 9-Series uses long-life components and a streamlined design with fewer parts to help reduce the risk of technical issues. Routine maintenance is designed to minimize disruption, toner can be replaced with one hand, service points are clearly marked, and guided visual cues simplify common actions reducing downtime and keeping work moving.
Sustainability: With industry-leading post-consumer recycled (PCR) content (56% by weight for base-model MFPs and 73% for the base-model printer, based on IEEE calculation procedures¹), the 9-Series helps lower environmental impact across the product lifecycle helping businesses meet performance needs while advancing environmental commitments.

Unified software and workflow experience

Xerox and Lexmark printers and MFPs also now support software and apps including Xerox^® Easy Assist, Xerox^® Print & Scan Experience, Xerox App Gallery, and ConnectKey apps. Cloud connectors and workflow applications such as Xerox^® Translate & Print and Xerox Workflow Central allow organizations to standardize processes, simplify fleet management and accelerate digital processes across mixed device environments.

For more information, visit www.xerox.com.

About Xerox Holdings Corporation (NASDAQ: XRX)
Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark—expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

© 2026 Xerox Corporation. All rights reserved. Xerox® and ConnectKey ® are trademarks of Xerox Corporation in the Unite LC. d States and/or other countries. Lexmark® is a trademark of Lexmark International, Inc. PANTONE® is a trademark of Pantone LLC.

¹ PCR content measured in accordance with IEEE Std 1680.2a™ - 2017 Standard for Environmental Assessment of Imaging Equipment - Amendment 1 — which is the standard used by EPEAT.

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Xerox showcases next-generation presses and ecosystem innovation at Future of Xerox Production Print

Tue, 24 Feb 2026 09:00:00 GMT

Feb. 24, 2026 — Xerox today opened The Future of Xerox Production Print, a four-day event for commercial print providers, channel partners and industry leaders across Europe, the Middle East and Africa. Taking place at the Xerox Innovation Centre in Uxbridge, the event features hands-on demonstrations, technology previews and executive briefings designed to accelerate growth in the production print market.

"Print providers are at a defining moment where intelligence, automation and differentiation will separate leaders from followers," said Terry Antinora, president of Global Production Print Services at Xerox. "Production print is a strategic pillar for Xerox, and we are investing boldly in high-speed inkjet, AI-driven workflow and digital embellishment to help our clients enter a new era of print."

Throughout the event, Xerox will demonstrate its end-to-end production ecosystem, highlighting how connected workflows, automation and digital enhancements create a more efficient and integrated production environment. The event also marks the global debut of several new technologies, including:

New Xerox® Proficio™ PX300 – a compact digital color press that combines automation, ultra HD image quality, an optional fifth color station and application versatility, helping small print providers deliver higher-value work.

New Xerox® Proficio™ PX500 – a high-speed, high-volume digital press built to scale with growing print operations. The PX500 delivers advanced automation, exceptional image quality, robust media handling and an optional fifth color station that expands into premium applications and extends color gamut to hit a broader range of high-value print opportunities.

New Xerox® IJP900 Inkjet Press – a mid-volume inkjet press that helps print providers expand into transactional and direct mail applications with high-impact color while improving efficiency through streamlined operation and integrated workflow automation.

Xerox® PrimeLink® C9200 Series – entry-level production color printers now featuring FOGRA-certified color with the EX Fiery print server, expanded envelope support, advanced finishing options and productivity tools that streamline job management.

Xerox FreeFlow® Vision Connect Software – a cloud-based production monitoring and analytics platform with faster onboarding, expanded predictive monitoring, and new support for the Xerox IJP900 Inkjet Press.

Together, these presses and workflow software expand opportunities for print providers across high-quality color, high-volume inkjet, and automated production, offering more ways to streamline operations, capture new markets and accelerate growth. 

For more information on Xerox Production Print solutions, visit xerox.com. 

About Xerox Holdings Corporation (NASDAQ: XRX)

Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025, Xerox acquired Lexmark - expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

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Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

Fri, 20 Feb 2026 03:15:00 GMT

Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.025 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on April 30, 2026, to shareholders of record on March 31, 2026.

The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on April 1, 2026, to shareholders of record on March 15, 2026.

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Xerox Raises $450 Million for New Joint Venture to Strengthen Balance Sheet and Support Long-Term Strategy

Tue, 17 Feb 2026 14:15:00 GMT

Feb. 17, 2026 — Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox” or the “Company”) today announced the formation and capitalization of a new joint venture (the “Joint Venture”) between Xerox and TPG, a leading global alternative asset management firm. The Joint Venture is structured as an intellectual property holding and licensing entity designed to manage, protect, and monetize certain Xerox IP assets.

The Joint Venture has raised $450 million in aggregate principal amount of financing led by TPG’s credit business, TPG Credit, with participation from other investors, consisting of senior secured term loans and preferred equity (the “Joint Venture Financing”). The proceeds of the Joint Venture Financing were distributed to Xerox and are expected to be used for general corporate purposes, including augmenting liquidity, accelerating the Company’s Reinvention (including the Lexmark integration), and opportunistically addressing the Company’s capital structure over time, which may include the redemption or repayment of debt.

In connection with the Joint Venture Financing, certain subsidiaries of Xerox contributed specific intellectual property assets to the Joint Venture in exchange for equity interests. As part of this structure, Xerox and the Joint Venture entered into a long-term shared services and license agreement that preserves the Company’s full, uninterrupted ability to use the Xerox name, trademark, and other transferred IP across all global operations, ensuring continuity in how Xerox presents itself and serves clients.

“This financing strengthens our balance sheet and completes the liquidity‑enhancing actions we began in the fall, with the objective of ensuring Xerox is well-capitalized and positioned to advance our long‑term strategy,” said Louie Pastor, president and chief operating officer at Xerox. “The acquisitions of ITsavvy and Lexmark created a diversified and scaled platform that positions us to deliver meaningful value for our clients, partners, and shareholders, starting with our guidance of more than $200 million in expected operating income growth in 2026. The Joint Venture builds on these efforts and enables Xerox to unlock additional value from our well recognized trademark and intellectual property assets. We look forward to partnering with TPG and leveraging their support as we continue executing this disciplined transformation.”

“TPG is pleased to be a capital partner to Xerox and have the opportunity to help strengthen its balance sheet and support the execution of its long‑term growth strategy,” said Joe Lenz, Partner and Co‑Head of Research, TPG Credit Solutions.

Advisors

Lazard is serving as financial advisor to Xerox and Kirkland & Ellis LLP is serving as legal advisor. Wachtell, Lipton, Rosen & Katz is serving as legal advisor to TPG in connection with the transactions.

About Xerox Holdings Corporation (NASDAQ: XRX)

Xerox has been redefining the workplace experience for over a century. As a services-led, software-enabled company, we power today’s hybrid workplace through advanced print, digital, and AI-driven technologies. In 2025 Xerox acquired Lexmark - expanding our global footprint, strengthening service capabilities, and equipping us to deliver an even broader portfolio of workplace technologies to our clients. Today, we continue our legacy of innovation to deliver client-centric, digitally driven solutions that meet the needs of a global, distributed workforce. Whether in offices, classrooms, or hospitals, we help our clients thrive in a constantly evolving business landscape.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $303 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

Forward-Looking Statement

Media Contacts

Justin Capella, Xerox, Justin.Capella@xerox.com

Katherine Segura, TPG, media@tpg.com

Investor Contact

Greg Stein, Xerox, Greg.Stein@xerox.com

Xerox^® is a trademark of Xerox in the United States and/or other countries.

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