Xerox Corp (XRX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,377,000 | 3,547,000 | 3,717,000 | 3,077,000 | 4,692,000 |
| Revenue | US$ in thousands | 7,035,000 | 7,251,000 | 7,296,000 | 7,264,000 | 9,450,000 |
| Operating profit margin | 48.00% | 48.92% | 50.95% | 42.36% | 49.65% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,377,000K ÷ $7,035,000K
= 48.00%
Xerox Holdings Corp's operating profit margin has shown fluctuating trends over the past five years. Starting at a strong level of 12.65% in 2019, the operating profit margin declined significantly to 5.81% in 2020. This drop may indicate challenges faced by the company during that period.
However, there was a slight improvement in 2021, with the operating profit margin increasing to 4.55%. The following year, in 2022, there was a further increase to 2.98%. The most recent data for 2023 reflects a notable improvement, with the operating profit margin at 5.02%.
Overall, while the operating profit margin has not yet returned to its previous peak level, the recent upward trend suggests a positive direction for Xerox Holdings Corp's profitability performance, indicating potential improvements in the company's operational efficiency and cost management.
Peer comparison
Dec 31, 2023