DXC NYSE IT Consulting & Other Services Financials FY2017βFY2026
DXC Technology is an IT services company. Large businesses and public sector organizations pay it to run and update their computer systems, to build and modernize software, and to run insurance software. It has about 115,000 employees in 60 countries, and its customers include many very large companies. It sells through its own direct sales force. It was formed in 2017 by the merger of CSC and HP Enterprise Services.
Hi! I read DXC Technologyβs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
β1.8%
No. Sales fell 1.8% last year.
Does it make a profit?
0.1%
A little. It keeps 0.1% of every sale as profit.
Does profit turn into cash?
8.2%
Partly. 8.2% of sales ends up as free cash.
Is debt under control?
0.8x
Yes. It could repay its debt with 0.8 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
How is the share priced?
21.2x
One share costs 21.2 times its yearly profit per share. Typical for its sector: 33.5x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
About these figures. DXC was formed in April 2017 when Computer Sciences Corporation merged with Hewlett Packard Enterprise's services business, so fiscal 2017 (to March 2017) is Computer Sciences Corporation alone.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days DXC Technology did it, and the next one. Share prices often move a lot on those days.
Next results
October 29, 2026
Thursday Β· in 3 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Jul 30, 2026 | Q1 '27 | After the market closes | 8-K β |
| May 7, 2026 | Q4 '26 | After the market closes | 8-K β |
| Jan 29, 2026 | Q3 '26 | After the market closes | 8-K β |
| Oct 30, 2025 | Q2 '26 | After the market closes | 8-K β |
| Jul 31, 2025 | Q1 '26 | After the market closes | 8-K β |
| May 14, 2025 | Q4 '25 | After the market closes | 8-K β |
| Feb 4, 2025 | Q3 '25 | After the market closes | 8-K β |
| Nov 7, 2024 | Q2 '25 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· DXC Technology had $12.6B of revenue in fiscal 2026, down 1.8% on the year before. Over five years, revenue changed β6.5% a year on average. Its operating margin was 7.7%, down 0.3Β pts: of every 100 in sales, about 8 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· DXC Technology made $18.0M of net profit in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $1.0B in fiscal 2026, 8.2% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· DXC Technology returned $249M to shareholders in fiscal 2026, 24% of free cash flow. The diluted share count fell 3.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.5M and sold $0.0M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.5M
1 insider
Sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 11, 2026 | Raul J FernandezPresident and CEO, Director | Bought | 28,051 | $8.90 | $0.2M | Form 4 |
| Feb 2, 2026 | Raul J FernandezPresident and CEO, Director | Bought | 16,446 | $15.24 | $0.3M | Form 4 |
| Dec 11, 2025 | Christopher Anthony VociSVP, Controller and PAO | Sold | 2,500 | $15.15 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· DXC Technology owes $1.8B more than it holds in cash, about 0.8 years of operating profit.
Cash, debt and the ratios that show how comfortably DXC Technology can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.7B | $1.9B | $1.2B | $1.8B | $1.7B |
| Debt incl. finance leases | $5.0B | $4.4B | $4.1B | $3.9B | $3.6B |
| Net debt / EBITDA | 0.7x | 1.0x | 1.2x | 0.9x | 0.8x |
| Debt / equity | 1.0x | 1.3x | 1.5x | 1.2x | 1.2x |
| Interest coverage | 6.7x | 5.7x | 3.4x | 3.9x | 4.5x |
| Current ratio | 1.1x | 1.2x | 1.2x | 1.2x | 1.4x |
| Quick ratio | 1.1x | 1.2x | 1.2x | 1.2x | 1.4x |
| Total assets | $20.1B | $15.8B | $13.9B | $13.2B | $12.9B |
| Total liabilities | $14.8B | $12.0B | $10.8B | $9.7B | $9.7B |
| Shareholders' equity | $5.1B | $3.5B | $2.8B | $3.2B | $2.9B |
| Net debt (β = net cash) | $2.3B | $2.5B | $2.9B | $2.1B | $1.8B |
KIRA Β· Its return on capital was 9.2%: every 100 invested in the business earned about 9 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· DXC Technology passes 7 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 8 | 7 / 8 | 7 / 8 |
| Accruals ratio | β8.6% | β7.5% | β9.4% |
| Altman Z'' | 0.23 | 0.52 | 0.84 |
What does the share cost, and how does it compare?
KIRA Β· At $16.09 a share, the company is worth $2.7B: 21.2 times its earnings of the last four quarters.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
β
Adds net cash of β$1.8B and divides by 178.7M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
β
Reference multiples: today 21.2x Β· peers 20.6x Β· sector 33.5x.
KIRA Β· DXC Technology grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 3 of 4.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| DXC Technology DXC | $2.7B | β1.8% | 7.7% | 8.2% | 9.2% | 21.2x | 7 | |
| Kyndryl KD | $3.3B | 0.2% | β | 2.3% | 7.8% | 39.9x | 6 | Compare β |
| Cognizant CTSH | $33.6B | 7.0% | 16.1% | 12.3% | 16.2% | 15.3x | 6 | Compare β |
| Gartner IT | $15.3B | 3.7% | 15.8% | 18.1% | 44.6% | 20.8x | 5 | Compare β |
| NCR Voyix VYX | $1.2B | β4.7% | 1.0% | β14.0% | 1.3% | 20.5x | 3 | Compare β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $7.6B | $21.7B | $20.8B | $19.6B | $17.7B | $16.3B | $14.4B | $13.7B | $12.9B | $12.6B |
| Gross profit | $2.1B | $3.8B | β | β | β | β | β | β | β | β |
| Operating income | $618M | $3.0B | $3.3B | $2.1B | $1.1B | $1.4B | $1.1B | $1.0B | $1.0B | $970M |
| Interest expense | $117M | $320M | $334M | $383M | $361M | $204M | $200M | $298M | $265M | $216M |
| Pretax income | β$174M | $1.3B | $1.5B | β$5.2B | $654M | $1.1B | β$885M | $109M | $630M | $318M |
| Income tax | β$74.0M | β$242M | $288M | $130M | $800M | $405M | β$319M | $23.0M | $234M | $290M |
| Net income | β$123M | $1.8B | $1.3B | β$5.4B | β$149M | $718M | β$568M | $91.0M | $389M | $18.0M |
| Diluted EPS | β$0.88 | $6.04 | $4.47 | β$20.76 | β$0.59 | $2.81 | β$2.48 | $0.46 | $2.10 | $0.10 |
| Diluted shares | 0.14B | 0.29B | 0.28B | 0.26B | 0.25B | 0.26B | 0.23B | 0.20B | 0.18B | 0.18B |
| Cash flow | ||||||||||
| Cash from operations | $619M | $2.6B | $1.8B | $2.4B | $124M | $1.5B | $1.4B | $1.4B | $1.4B | $1.2B |
| Capital expenditure | $246M | $224M | $297M | $350M | $261M | $254M | $267M | $182M | $248M | $212M |
| Free cash flow | $373M | $2.3B | $1.5B | $2.0B | β$137M | $1.2B | $1.1B | $1.2B | $1.2B | $1.0B |
| Depreciation and amortization | $658M | $2.0B | $2.0B | $2.0B | $2.0B | $1.7B | $1.6B | $1.4B | $1.3B | $1.2B |
| Stock-based compensation | $75.0M | $93.0M | $74.0M | $68.0M | $56.0M | $101M | $108M | $109M | $79.0M | $86.0M |
| Acquisitions | $434M | $203M | $365M | $2.0B | $184M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $132M | $1.3B | $736M | $0.0M | $628M | $669M | $898M | $14.0M | $249M |
| Dividends paid | $78.0M | $174M | $210M | $214M | $53.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $78.0M | $306M | $1.6B | $950M | $53.0M | $628M | $669M | $898M | $14.0M | $249M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.3B | $2.6B | $2.9B | $3.7B | $3.0B | $2.7B | $1.9B | $1.2B | $1.8B | $1.7B |
| Total debt | $2.3B | $8.4B | $7.4B | $9.9B | $5.5B | $5.0B | $4.4B | $4.1B | $3.9B | $3.6B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $1.0B | $894M | $643M | $502M | $420M | $278M | $174M |
| Current assets | $3.2B | $9.6B | $9.1B | $9.0B | $8.2B | $7.4B | $6.1B | $5.1B | $5.4B | $5.4B |
| Current liabilities | $3.0B | $9.9B | $9.5B | $7.9B | $8.2B | $6.9B | $5.2B | $4.4B | $4.4B | $3.9B |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $903M | $3.4B | $3.2B | $3.5B | $2.9B | $2.4B | $2.0B | $1.7B | $1.3B | $1.1B |
| Total assets | $8.7B | $33.9B | $29.6B | $26.0B | $22.0B | $20.1B | $15.8B | $13.9B | $13.2B | $12.9B |
| Total liabilities | $6.5B | $20.1B | $17.8B | $20.9B | $16.7B | $14.8B | $12.0B | $10.8B | $9.7B | $9.7B |
| Shareholders' equity | $1.9B | $13.5B | $11.4B | $4.8B | $5.0B | $5.1B | $3.5B | $2.8B | $3.2B | $2.9B |
| Margins | ||||||||||
| Gross margin | 27.1% | 17.4% | β | β | β | β | β | β | β | β |
| Operating margin | 8.1% | 13.8% | 15.8% | 10.5% | 6.2% | 8.5% | 7.9% | 7.4% | 7.9% | 7.7% |
| EBITDA margin | 16.8% | 23.0% | 25.5% | 20.5% | 17.4% | 19.2% | 18.6% | 17.9% | 18.1% | 17.0% |
| Net margin | β1.6% | 8.1% | 6.1% | β27.4% | β0.8% | 4.4% | β3.9% | 0.7% | 3.0% | 0.1% |
| FCF margin | 4.9% | 10.8% | 7.2% | 10.2% | β0.8% | 7.7% | 8.0% | 8.6% | 8.9% | 8.2% |
| Returns | ||||||||||
| Return on capital | β | 26.2% | 14.8% | 11.8% | 5.7% | 11.4% | 12.8% | 13.0% | 11.1% | 9.2% |
| Return on capital employed | β | 20.1% | 14.8% | 10.8% | 6.9% | 10.1% | 9.5% | 10.0% | 11.2% | 10.9% |
| Return on equity | β6.3% | 22.8% | 10.1% | β66.3% | β3.1% | 14.3% | β13.3% | 2.9% | 12.9% | 0.6% |
| Return on assets | β1.5% | 8.2% | 4.0% | β19.3% | β0.6% | 3.4% | β3.2% | 0.6% | 2.9% | 0.1% |
| Growth | ||||||||||
| Revenue growth | 7.1% | 185.7% | β4.5% | β5.7% | β9.4% | β8.3% | β11.3% | β5.3% | β5.8% | β1.8% |
| Net income growth | β149.0% | β | β28.2% | β527.1% | β | β | β179.1% | β | 327.5% | β95.4% |
| EPS growth | β149.4% | β | β26.0% | β564.4% | β | β | β188.3% | β | 356.5% | β95.2% |
| FCF growth | β16.4% | 528.2% | β36.6% | 34.6% | β106.9% | β | β7.9% | 2.7% | β2.5% | β9.9% |
| Share count change | β0.7% | 106.4% | β2.9% | β8.1% | β1.7% | 0.4% | β10.3% | β13.2% | β7.0% | β3.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | 0.8x | 1.2x | 0.9x | 1.6x | 0.8x | 0.7x | 1.0x | 1.2x | 0.9x | 0.8x |
| Debt / equity | 1.2x | 0.6x | 0.7x | 2.1x | 1.1x | 1.0x | 1.3x | 1.5x | 1.2x | 1.2x |
| Interest coverage | 5.3x | 9.3x | 9.8x | 5.4x | 3.1x | 6.7x | 5.7x | 3.4x | 3.9x | 4.5x |
| Current ratio | 1.1x | 1.0x | 1.0x | 1.1x | 1.0x | 1.1x | 1.2x | 1.2x | 1.2x | 1.4x |
| Quick ratio | 1.1x | 1.0x | 1.0x | 1.1x | 1.0x | 1.1x | 1.2x | 1.2x | 1.2x | 1.4x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.2% | 1.0% | 1.4% | 1.8% | 1.5% | 1.6% | 1.9% | 1.3% | 1.9% | 1.7% |
| Stock comp / revenue | 1.0% | 0.4% | 0.4% | 0.4% | 0.3% | 0.6% | 0.8% | 0.8% | 0.6% | 0.7% |
| Payouts / FCF | 20.9% | 13.1% | 104.6% | 47.5% | β | 50.4% | 58.3% | 76.2% | 1.2% | 24.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 5.0 | 5.0 | 6.0 | 6.0 | 4.0 | 6.0 | 7.0 | 7.0 |
| Altman Z'' | 1.0 | 1.4 | 1.4 | 0.4 | β0.1 | 0.3 | 0.2 | 0.2 | 0.5 | 0.8 |
| Accruals ratio | β9.1% | β3.8% | β1.7% | β27.8% | β1.1% | β3.7% | β11.0% | β8.6% | β7.5% | β9.4% |
Source: SEC EDGAR XBRL filings (CIK 0001688568). Data updated October 11, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
