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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) and Xerox Holdings Corp (XRX). Click either name above to swap in a different company.

Xerox Holdings Corp is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.7× eXp World Holdings, Inc.). On growth, Xerox Holdings Corp posted the faster year-over-year revenue change (25.7% vs 8.5%). Xerox Holdings Corp produced more free cash flow last quarter ($192.0M vs $11.9M). Over the past eight quarters, Xerox Holdings Corp's revenue compounded faster (16.2% CAGR vs 12.4%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

Xerox Corporation is an American corporation that sells printers, digital document products and services in more than 160 countries. Xerox was the pioneer of the photocopier market, beginning with the introduction of the Xerox 914 in 1959, so much so that the word xerox is commonly used as a synonym for photocopy. Xerox is headquartered in Norwalk, Connecticut, though it is incorporated in New York with its largest group of employees based around Rochester, New York, where the company was fou...

EXPI vs XRX — Head-to-Head

Bigger by revenue
XRX
XRX
1.7× larger
XRX
$2.0B
$1.2B
EXPI
Growing faster (revenue YoY)
XRX
XRX
+17.2% gap
XRX
25.7%
8.5%
EXPI
More free cash flow
XRX
XRX
$180.1M more FCF
XRX
$192.0M
$11.9M
EXPI
Faster 2-yr revenue CAGR
XRX
XRX
Annualised
XRX
16.2%
12.4%
EXPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPI
EXPI
XRX
XRX
Revenue
$1.2B
$2.0B
Net Profit
$-12.9M
Gross Margin
Operating Margin
-1.1%
Net Margin
-1.1%
Revenue YoY
8.5%
25.7%
Net Profit YoY
-35.7%
EPS (diluted)
$-0.08
$-0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXPI
EXPI
XRX
XRX
Q4 25
$1.2B
$2.0B
Q3 25
$1.3B
$2.0B
Q2 25
$1.3B
$1.6B
Q1 25
$954.9M
$1.5B
Q4 24
$1.1B
$1.6B
Q3 24
$1.2B
$1.5B
Q2 24
$1.3B
$1.6B
Q1 24
$943.1M
$1.5B
Net Profit
EXPI
EXPI
XRX
XRX
Q4 25
$-12.9M
Q3 25
$3.5M
$-760.0M
Q2 25
$-2.3M
$-106.0M
Q1 25
$-11.0M
$-90.0M
Q4 24
$-9.5M
Q3 24
$-8.5M
$-1.2B
Q2 24
$12.4M
$18.0M
Q1 24
$-15.6M
$-113.0M
Gross Margin
EXPI
EXPI
XRX
XRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
99.9%
Q2 24
99.9%
Q1 24
Operating Margin
EXPI
EXPI
XRX
XRX
Q4 25
-1.1%
Q3 25
0.3%
Q2 25
-0.2%
Q1 25
-1.1%
Q4 24
-1.0%
Q3 24
-0.7%
Q2 24
1.4%
Q1 24
-1.9%
Net Margin
EXPI
EXPI
XRX
XRX
Q4 25
-1.1%
Q3 25
0.3%
-38.8%
Q2 25
-0.2%
-6.7%
Q1 25
-1.2%
-6.2%
Q4 24
-0.9%
Q3 24
-0.7%
-78.9%
Q2 24
1.0%
1.1%
Q1 24
-1.7%
-7.5%
EPS (diluted)
EXPI
EXPI
XRX
XRX
Q4 25
$-0.08
$-0.62
Q3 25
$0.02
$-6.01
Q2 25
$-0.01
$-0.87
Q1 25
$-0.07
$-0.75
Q4 24
$-0.06
$-0.21
Q3 24
$-0.06
$-9.71
Q2 24
$0.08
$0.11
Q1 24
$-0.10
$-0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPI
EXPI
XRX
XRX
Cash + ST InvestmentsLiquidity on hand
$124.2M
$512.0M
Total DebtLower is stronger
$4.0B
Stockholders' EquityBook value
$242.8M
$444.0M
Total Assets
$442.5M
$9.8B
Debt / EquityLower = less leverage
9.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
XRX
XRX
Q4 25
$124.2M
$512.0M
Q3 25
$112.8M
$479.0M
Q2 25
$94.6M
$449.0M
Q1 25
$115.7M
$336.0M
Q4 24
$113.6M
$576.0M
Q3 24
$130.4M
$521.0M
Q2 24
$108.4M
$485.0M
Q1 24
$109.2M
$685.0M
Total Debt
EXPI
EXPI
XRX
XRX
Q4 25
$4.0B
Q3 25
$4.1B
Q2 25
$3.5B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$3.2B
Q1 24
$3.2B
Stockholders' Equity
EXPI
EXPI
XRX
XRX
Q4 25
$242.8M
$444.0M
Q3 25
$235.3M
$365.0M
Q2 25
$218.4M
$1.1B
Q1 25
$212.0M
$1.1B
Q4 24
$204.9M
$1.1B
Q3 24
$211.1M
$1.3B
Q2 24
$220.3M
$2.4B
Q1 24
$222.4M
$2.4B
Total Assets
EXPI
EXPI
XRX
XRX
Q4 25
$442.5M
$9.8B
Q3 25
$458.7M
$10.1B
Q2 25
$481.2M
$8.9B
Q1 25
$435.8M
$8.2B
Q4 24
$390.7M
$8.4B
Q3 24
$432.6M
$8.3B
Q2 24
$457.4M
$9.5B
Q1 24
$426.7M
$9.9B
Debt / Equity
EXPI
EXPI
XRX
XRX
Q4 25
9.05×
Q3 25
11.10×
Q2 25
3.11×
Q1 25
2.56×
Q4 24
2.62×
Q3 24
2.11×
Q2 24
1.34×
Q1 24
1.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPI
EXPI
XRX
XRX
Operating Cash FlowLast quarter
$13.8M
$208.0M
Free Cash FlowOCF − Capex
$11.9M
$192.0M
FCF MarginFCF / Revenue
1.0%
9.5%
Capex IntensityCapex / Revenue
0.2%
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$109.0M
$187.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
XRX
XRX
Q4 25
$13.8M
$208.0M
Q3 25
$28.9M
$116.0M
Q2 25
$36.1M
$-11.0M
Q1 25
$39.8M
$-89.0M
Q4 24
$13.7M
$351.0M
Q3 24
$46.0M
$116.0M
Q2 24
$71.1M
$123.0M
Q1 24
$60.7M
$-79.0M
Free Cash Flow
EXPI
EXPI
XRX
XRX
Q4 25
$11.9M
$192.0M
Q3 25
$26.6M
$104.0M
Q2 25
$33.3M
$-15.0M
Q1 25
$37.3M
$-94.0M
Q4 24
$11.6M
$346.0M
Q3 24
$44.4M
$108.0M
Q2 24
$69.7M
$117.0M
Q1 24
$59.3M
$-87.0M
FCF Margin
EXPI
EXPI
XRX
XRX
Q4 25
1.0%
9.5%
Q3 25
2.0%
5.3%
Q2 25
2.5%
-1.0%
Q1 25
3.9%
-6.5%
Q4 24
1.1%
21.5%
Q3 24
3.6%
7.1%
Q2 24
5.4%
7.4%
Q1 24
6.3%
-5.8%
Capex Intensity
EXPI
EXPI
XRX
XRX
Q4 25
0.2%
0.8%
Q3 25
0.2%
0.6%
Q2 25
0.2%
0.3%
Q1 25
0.3%
0.3%
Q4 24
0.2%
0.3%
Q3 24
0.1%
0.5%
Q2 24
0.1%
0.4%
Q1 24
0.1%
0.5%
Cash Conversion
EXPI
EXPI
XRX
XRX
Q4 25
Q3 25
8.26×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
5.75×
6.83×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

XRX
XRX

Other$596.0M29%
Manufactured Product Other$485.0M24%
Supplies Paper And Other Sales$483.0M24%
IT Solutions Segment$155.0M8%
CA$128.0M6%
IT Products$100.0M5%
Rental And Other$52.0M3%
Financial Service$29.0M1%

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