Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Corporate Information
Stock Exchange Information
Xerox Holdings Corporation's common stock (XRX) is listed on the Nasdaq Global Select Market.
There is no established public trading market for Xerox Corporation's common stock, as all of the outstanding Xerox common stock is held solely by Xerox Holdings.
Common Shareholders of Record
As of December 31, 2025, Xerox Holdings Corporation had approximately 16,197 shareholders of record.
Dividends
For additional information regarding dividends, refer to Item 7 - Management's Discussion and Analysis and Item 8 - Financial Statements and Supplementary Data, Xerox Holdings Corporation Statement of Shareholders' Equity, which is incorporated herein by reference.
Performance Graph (1)(2)
Total Return to Shareholders
Year Ended December 31,
2020 2021 2022 2023 2024 2025
Xerox Holdings Corporation $ 100.00 $ 101.98 $ 70.04 $ 93.72 $ 47.03 $ 13.85
S&P 600 Index 100.00 126.82 106.40 123.48 134.22 142.30
S&P 600 Information Technology Index 100.00 126.85 98.48 119.11 118.14 140.68
Russell 2000 Index 100.00 114.82 91.35 106.82 119.14 134.40
S&P Technology Hardware Select Industry Index 100.00 116.70 79.22 113.31 154.64 196.79
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Source: Standard & Poor's Investment Services
(1) Graph assumes $100 invested on December 31, 2020 in Xerox Holdings, the S&P 600 Index, the S&P 600 Information Technology Index, the Russell 2000 Index and the S&P Technology Hardware Select Industry Index, respectively, and assumes dividends are reinvested.
(2) Beginning with the 2025 Annual Report on Form 10-K, the Company changed its benchmark indexes to the Russell 2000 Index and the S&P Technology Hardware Select Industry Index, from the S&P 600 Index and the S&P 600 Information Technology Index, as the Company became part of the S&P Technology Hardware Select Industry Index during the year ended December 31, 2025. The Company believes that the S&P Technology Hardware Select Industry Index is more representative of the Company's market capitalization and peer group. Data for the S&P 600 Indexes are provided for comparison purposes only as we transition to the use of the S&P Technology Hardware Select Industry Index.
Xerox 2025 Annual Report 30
Table of Conten t s
Sales Of Unregistered Securities During the Quarter Ended December 31, 2025
There were no unregistered sales of securities for the quarter ended December 31, 2025.
Issuer Purchases of Equity Securities During the Quarter Ended December 31, 2025
There were no repurchases of Xerox Holdings Corporation's Common Stock for the quarter ended December 31, 2025 pursuant to share repurchase programs authorized by Xerox Holdings' Board of Directors.
Repurchases Related to Stock Compensation Programs (1) :
Total Number of Shares Purchased Average Price Paid per Share (2)
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
October 1 through 31 8,528 $ 3.85 n/a n/a
November 1 through 30 — — n/a n/a
December 1 through 31 3,004 3.24 n/a n/a
Total 11,532
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(1) These repurchases are made under a provision in our restricted stock compensation programs for the indirect repurchase of shares through a net-settlement feature upon the vesting of shares in order to satisfy minimum statutory tax-withholding requirements.
(2) Exclusive of fees and expenses.
Refer to Note 23 - Stock-Based Compensation in the Consolidated Financial Statements for additional information regarding our stock compensation programs.
Item 6. [Reserved]
Information pertaining to Item 6 is not presented in accordance with amendments to Item 301 of Regulation S-K.
Xerox 2025 Annual Report 31
Table of Conten t s