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(Loss) Earnings per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
(Loss) Earnings per Share Loss) Earnings per Share
(shares in thousands)
The following table sets forth the computation of basic and diluted (loss) earnings per share of Xerox Holdings Corporation's common stock:
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
(Loss) Earnings per Share
Net (Loss) income$(106)$18 $(196)$(95)
Accrued dividends on preferred stock(3)(3)(7)(7)
Adjusted Net (loss) income available to common shareholders$(109)$15 $(203)$(102)
Weighted average common shares outstanding125,791 124,230 125,452 124,062 
Basic (Loss) Earnings per Share$(0.87)$0.12 $(1.62)$(0.83)
 Diluted (Loss) Earnings per Share:
Net (Loss) income$(106)$18 $(196)$(95)
Accrued dividends on preferred stock(3)(3)(7)(7)
Adjusted Net (loss) income available to common shareholders$(109)$15 $(203)$(102)
Weighted average common shares outstanding125,791 124,230 125,452 124,062 
Common shares issuable with respect to:
Stock options— — — — 
Restricted stock and performance shares— 1,325 — — 
Convertible preferred stock— — — — 
Adjusted weighted average common shares outstanding125,791 125,555 125,452 124,062 
Diluted (Loss) Earnings per Share$(0.87)$0.11 $(1.62)$(0.83)
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive:
Stock options132 174 132 174 
Restricted stock and performance shares18,522 6,703 18,522 8,028 
Convertible preferred stock6,742 6,742 6,742 6,742 
Convertible notes19,196 19,196 19,196 19,196 
Total Anti-Dilutive Securities44,592 32,815 44,592 34,140 
Dividends per Common Share (1)
$0.025 $0.25 $0.150 $0.50 
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(1)During the first quarter of 2025, the annual dividend on Common Shares was reduced to $0.50 per share from $1.00 per share. In the second quarter of 2025, the annual dividend on Common Shares was further reduced to $0.10 per share from $0.50 per share. Cash dividends declared on common stock for the three months ended June 30, 2025 and 2024 were $0.025 per share and $0.25 per share, respectively, and $0.15 per share and $0.50 per share for the six months ended June 30, 2025 and 2024, respectively.