SEGMENT INFORMATION AND CONCENTRATIONS (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Revenue and Operating Income by Segment

The following table presents summarized financial information for the Company’s reportable segments for the three months ended September 30, 2025:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	467	$	210	$	677
Other					7
Total Revenue					$	684
Cost of Revenue	321		103
Other segment items(1)	56		33
Segment Adjusted EBITDA	$	90	$	74	$	164

The following table presents summarized financial information for the Company’s reportable segments for the three months ended September 30, 2024:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	487	$	211	$	698
Other					10
Total Revenue					$	708
Cost of Revenue	337		109
Other segment items(1)	42		36
Segment Adjusted EBITDA	$	108	$	66	$	174

(1)Other segment items primarily includes selling, general and administrative expenses and research and development expenses.

The following table presents summarized financial information for the Company’s reportable segments for the nine months ended September 30, 2025:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	1,341	$	606	$	1,947
Other					20
Total Revenue					$	1,967
Cost of Revenue	944		307
Other segment items(1)	161		98
Segment Adjusted EBITDA	$	236	$	201	$	437

The following table presents summarized financial information for the Company’s reportable segments for the nine months ended September 30, 2024:


In millions	Retail		Restaurants		Total
Revenue by Segment	$	1,495	$	614	$	2,109
Other					31
Total Revenue					$	2,140
Cost of Revenue	1,070		321
Other segment items(1)	144		110
Segment Adjusted EBITDA	$	281	$	183	$	464

(1)Other segment items primarily includes selling, general and administrative expenses and research and development expenses.

The following table reconciles Segment Adjusted EBITDA to Net income (loss) from continuing operations attributable to NCR Voyix:


In millions	Three months ended September 30				Nine months ended September 30
	2025		2024		2025		2024
Segment Adjusted EBITDA	$	164	$	174	$	437	$	464
Corporate and other income and expenses not allocated to reportable segments	39		79		142		227

Depreciation and amortization	48		53		149		153
Acquisition-related amortization of intangibles	6		7		18		22
Interest expense	15		40		44		120
Interest income	—		(2)		(7)		(5)

Loss (gain) on debt extinguishment	—		(8)		—		(8)
Income tax expense (benefit)	(6)		(1)		(17)		4
Stock-based compensation expense	8		9		26		32
Transformation and restructuring costs(1)	47		16		84		90
Separation costs(2)	—		1		—		9
Loss (gain) on disposal of businesses	(2)		—		(2)		(14)
Foreign currency devaluation(3)	—		—		—		15
Fraudulent ACH disbursements(4)	—		(2)		—		(4)
Cyber ransomware incident recovery costs(5)	—		(1)		—		(5)
Strategic initiatives(6)	4		12		14		18
Litigation costs(7)	22		—		22		—
Net income (loss) from continuing operations attributable to NCR Voyix	$	(17)	$	(29)	$	(36)	$	(190)

(1)Represents integration, severance, and other exit and disposal costs which are considered non-operational in nature.

(2)Represents costs incurred as a result of the Spin-Off.

(3)Represents gains and losses recognized during the three months ended March 31, 2024 due to changes in valuation of the Lebanese pound and the Egyptian pound.

(4)Represents Company identified fraudulent ACH disbursements from a Company bank account, net of recoveries. Additional details regarding this item are discussed in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”.

(5)Represents expenses to respond to, remediate and investigate the April 13, 2023 cyber ransomware incident, net of insurance recoveries. Additional details regarding this cyber ransomware incident are discussed in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”.

(6)Represents professional fees related to strategic initiatives which are considered non-operational in nature, as well as certain costs incurred related to the Hardware Business Transition.

(7)Represents costs related to certain litigation matters, reflecting the costs of the indemnity and associated legal fees, net of expected indemnity recoveries from NCR Atleos, as discussed in Note 10, “Commitments and Contingencies”.

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

Revenue is attributed to the geographic area to which the product is delivered or in which the service is provided. The following table presents revenue by geographic area for the Company:


In millions	Three months ended September 30				Nine months ended September 30
	2025		2024		2025		2024
United States	$	424	$	440	$	1,209	$	1,309
Americas (excluding United States)	43		51		131		181
Europe, Middle East and Africa	152		143		437		417
Asia Pacific	65		74		190		233
Total revenue	$	684	$	708	$	1,967	$	2,140

Schedule of Revenues from Products and Services

The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time for the Company:


In millions	Three months ended September 30				Nine months ended September 30
	2025		2024		2025		2024
Recurring revenue(1)	$	425	$	405	$	1,254	$	1,211
All other products and services	259		303		713		929
Total revenue	$	684	$	708	$	1,967	$	2,140

(1) Recurring revenue includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights.