DXC Technology
Financial Performance
DXC Technology Revenue & Financials
Revenue
$12.6B (FY2026)
Market Cap
$1.7B
Net Income
$18M
Employees
115,000
What is DXC Technology's revenue?
DXC Technology had $12.6B in revenue for fiscal year 2026, down 1.8% from 2025. Net income was $18M.
- Latest revenue
- $12.6B (FY2026)
- Year-over-year
- -1.8%
- Growth rate (CAGR)
- 5.8% over 9 years
- Peak revenue
- $21.7B (FY2018)
- Years of data
- 10
- Employees
- 115,000
- What is DXC Technology's operating income?
- DXC Technology reported operating income of $970M for fiscal year 2026. sec.gov
- How much profit does DXC Technology make?
- DXC Technology reported net income of $18M for fiscal year 2026. sec.gov
- How many employees does DXC Technology have?
- DXC Technology has about 115,000 employees.
Financial Analysis
DXC's revenue has shrunk every year since its first full fiscal year: from $21.73 billion in FY2018 to $14.43 billion in FY2023, $13.67 billion in FY2024, $12.87 billion in FY2025 and $12.64 billion in FY2026 (fiscal years end March 31). FY2026 revenue fell 4.8% on an organic basis, and net income dropped to $18 million from $389 million, hit by a fourth-quarter net loss of about $140 million. Q4 FY2026 revenue was $3.13 billion with adjusted EBIT of $237 million (7.6% margin). In Q1 FY2027 (quarter ended June 30, 2026), revenue was $3.00 billion, down 5.1% (6.7% organically), but diluted EPS was $0.73 and free cash flow reached $314 million, helped by $214 million from a litigation judgment. Bookings were $3.0 billion (book-to-bill 0.99x), and DXC bought back $70 million of stock. Management kept its full-year FY2027 guidance. The core tension is unchanged: GIS, its largest segment, fell 11.1% organically in Q1 FY2027 as clients shift legacy workloads to public cloud, while CES and insurance software are roughly flat to slightly growing.
Revenue Trend Analysis
YoY Change
-1.8%
9-Year CAGR
+5.8%
Peak Year
2018
Trend
Declining Trend
DXC Technology has 10 full fiscal year figures on this page, compounding at +5.8% annually over 9 years. The most recent year saw a 1.8% decline versus the prior year. Annual revenue peaked in fiscal year 2018 at $21.7B. Of 9 comparable year-over-year steps, 1 showed growth and 8 showed a decline.
Annual revenue history
Click any row to see year details.
DXC Technology balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Mar 31, 2026 | $1.2B | $212M | $12.9B | $9.7B | $2.9B | $1B | Form 10-K |
| FY2025ended Mar 31, 2025 | $1.4B | $248M | $13.2B | $9.7B | $3.2B | $1.1B | Form 10-K |
| FY2024ended Mar 31, 2024 | $1.4B | $182M | $13.9B | $10.8B | $2.8B | $1.2B | Form 10-K |
| FY2023ended Mar 31, 2023 | $1.4B | $267M | $15.8B | $12B | $3.5B | $1.1B | Form 10-K |
| FY2022ended Mar 31, 2022 | $1.5B | $254M | $20.1B | $14.8B | $5.1B | $1.2B | Form 10-K |
| FY2021ended Mar 31, 2021 | $124M | $261M | $22B | $16.7B | $5B | -$137M | Form 10-K |
| FY2020ended Mar 31, 2020 | $2.4B | $350M | $26B | $20.9B | $4.8B | $2B | Form 10-K |
| FY2019ended Mar 31, 2019 | $1.8B | $297M | $29.6B | $17.8B | $11.4B | $1.5B | Form 10-K |
| FY2018ended Mar 31, 2018 | $2.6B | $224M | $33.9B | $20.1B | $13.5B | $2.3B | Form 10-K |
| FY2017ended Mar 31, 2017 | $619M | $246M | $8.7B | $6.5B | $1.9B | $373M | Form 10-K |
Keep researching DXC Technology
DXC Technology Revenue and Financial FAQ
What are DXC Technology's annual revenues and segment profit margins?
DXC generates annual consolidated revenues of approximately $13.5 billion to $14.2 billion, delivering segment profit margins typically between 7.5% and 8.5% (with CES delivering margins around 11% to 12% and GIS around 5% to 6%).
What is DXC's free cash flow generation and conversion rate?
DXC consistently converts a high percentage of net income into free cash flow, generating approximately $700 million to $800 million+ in annual Free Cash Flow (FCF), supported by disciplined capital expenditure and working capital management.
What is DXC's capital allocation and debt reduction strategy?
DXC prioritizes de-using its balance sheet, systematically paying down billions in debt to reduce total debt below $4.0 billion, while using excess free cash flow to repurchase undervalued common stock and fund targeted digital engineering investments.
What is DXC Technology's book-to-bill ratio?
DXC maintains an enterprise book-to-bill ratio typically ranging between 0.95x and 1.05x, reflecting healthy enterprise contract renewals, new digital transformation bookings, and multi-year IT outsourcing extensions.
What percentage of DXC's revenue is generated internationally outside the US?
Approximately 65% to 70% of DXC's total revenue is generated internationally outside the United States, reflecting major enterprise client relationships across the United Kingdom, Germany, Australia, France, and Japan.
How does DXC manage restructuring and integration costs?
Following the heavy integration restructuring from the 2017 merger, DXC significantly curtailed restructuring cash expenses, focusing capital on operational efficiency, facility rationalization, and automation.
What is DXC's credit rating and debt maturity profile?
DXC holds solid investment-grade credit ratings of Baa3 from Moody's, BBB- from S&P Global, and BBB- from Fitch Ratings, managing a well-laddered debt structure with fixed-rate senior notes and revolving credit facilities.
How does the decline in legacy infrastructure outsourcing affect DXC's revenue mix?
While legacy on-premises data center outsourcing contracts naturally decline as enterprises migrate workloads to the cloud, DXC offsets this headwind through rapid double-digit growth in cloud consulting, Luxoft custom engineering, and cybersecurity.
Is DXC Technology struggling?
Yes, financially. Since its creation in 2017, DXC has suffered massive, continuous revenue declines. Because their core business was heavily tied to servicing legacy, on-premise mainframes, they lost massive amounts of business as clients aggressively migrated to public clouds like AWS and Azure.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "DXC Technology Revenue & Financials." CorpDigest, https://corpdigest.com/company/dxc-technology/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>DXC Technology reported $12.6B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/dxc-technology/financials" target="_blank" rel="noopener">CorpDigest — DXC Technology financials</a></div>Related Financial Audits
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