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NCR Voyix (VYX) FY2024 results: revenue $2.8 billion, down 11.0% on the year

NCR Voyix Corp. (VYX) reported revenue of $2.8 billion for fiscal 2024, the year ended 31 December 2024, down 11.0% on the year before. Net income was $958 million, and diluted earnings per share $6.52. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue
$2.8 billion
-11.0% on the year
FY2017FY2024
Operating margin
-1.3%
-4.2% a year earlier
FY2017FY2024
Net income
$958 million
FY2017FY2024
Diluted EPS
$6.52
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue2,8183,1663,174-11.0%
Cost of revenue2,2412,5032,490-10.5%
Gross profit577663684-13.0%
Gross margin20.5%20.9%21.6%
Research and development157139116+12.9%
Selling, general and administrative458658618-30.4%
Operating income-38.0-134-50.0
Operating margin-1.3%-4.2%-1.6%
Interest expense134294285-54.4%
Pre-tax income-197-549-317
Income tax4.018452.0-97.8%
Net income958-42860.0
Net margin34.0%-13.5%1.9%
Diluted EPS$6.52-$3.16$0.31
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow-132694427
Capital expenditure30.013092.0-76.9%
Free cash flow-162564335
Free cash flow margin-5.7%17.8%10.6%
Cash from investing2,189-290-387
Cash from financing-1,560-8391.0
Depreciation and amortisation297559610-46.9%
Share-based compensation47.0177125-73.4%
Buybacks56.00.00.0
Diluted shares, weighted145m141m141m+2.9%
Shares outstanding at period end142m143m138m-0.4%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity93325.01,480+3,632.0%
Non-controlling interest-2.00.0-1.0
Redeemable equity2762762750.0%
Short-term borrowings0.015.0101
Debt1,1052,5785,714-57.1%
Operating lease liabilities248251286-1.2%
Finance lease liabilities3.07.03.0-57.1%
Other liabilities1,8891,8383,649+2.8%
Total liabilities and equity4,4524,99011,507-10.8%
Fixed assets192207227-7.2%
Goodwill1,5161,5192,064-0.2%
Intangible assets94.0123416-23.6%
Cash and equivalents722256218+182.0%
Receivables532414550+28.5%
Inventory208250357-16.8%
Other assets1,1882,2217,675-46.5%
Total assets4,4524,99011,507-10.8%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.