Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — Q4 2025 Earnings Presentation
23 slides from Ncr Voyix's earnings presentation, Feb 26, 2026
Slide 1: Q4 2025 Earnings Report
Q4 2025 Earnings Report February 26, 2026 NYSE:VYX 1
Slide 2: Notes to Investors
Notes to Investors SPIN-OFF INFORMATION. On October 16, 2023, NCR Voyix completed the spin-off of NCR Atleos Corporation (“NCR Atleos”) as an independent, publicly traded company. The historical financial results of NCR Atleos are reflected as discontinued operations in NCR Voyix’s consolidated fina
Slide 3: Notes to Investors
Notes to Investors NON-GAAP MEASURES. While the Company reports its results in accordance with generally accepted accounting principles in the United States, or GAAP, comments made during this presentation and in the associated remarks will include or make reference to certain “non-GAAP” measures, i
Slide 4: Notes to Investors
Notes to Investors FORWARD-LOOKING STATEMENTS. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Statements can generally be identified as forward-looking because they include words such as “expect,” “target,
Slide 5: Q4 2025 Results
Q4 2025 Results +8% platform sites +4% payment sites +2% ARR 200+ new customers $ in Millions except EPS Revenue Recurring vs. Non-Recurring Revenue $678 $720 $678 $720 $161 $216 $298 $260 $267 $263 $418 $422 $250 $241 Q4 24 Q4 25 Q4 24 Q4 25 Software Services Hardware Recurring Non-Recurring Adjust
Slide 6: Q4 2025 - Retail
Q4 2025 - Retail +6% platform sites +12% payment sites +4% ARR 40 new customers $ in Millions Recurring vs. Non-Recurring Revenue Revenue Adjusted EBITDA (Margin %) $501 $501 $461 $461 22.8% 22.1% $113 $156 $191 $222 $193 $192 $114 $102 $270 $279 $155 $153 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Softwar
Slide 7: Q4 2025 - Restaurants
Q4 2025 - Restaurants +11% platform sites +3% payment sites +1% ARR1 150+ new customers $ in Millions Recurring vs. Non-Recurring Revenue Revenue Adjusted EBITDA (Margin %) $211 $212 $211 $212 32.2% 31.1% $48 $60 $71 $72 $72 $69 $68 $66 $140 $140 $91 $83 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Software
Slide 8: Cash and Debt Information
Cash and Debt Information $ in Millions Net Leverage 12/31/2025 Capital Expenditures2 Share Repurchases Total Debt $1,105 • $46 million of capital expenditures in 4Q25 • Repurchased $4 million of common shares in Cash and cash equivalents (231) • $165 million of capital expenditures for FY25 Q4 2025
Slide 9: 2026 Performance Outlook
2026 Performance Outlook $ in millions (except EPS) Range YoY % Change Revenue (GAAP)1 $2,210 - $2,325 (18%) - (13%) Pro Forma for Hardware Transition Impact1 (2%) - 3% Adjusted EBITDA $440 - $455 4% - 7% Non-GAAP Diluted EPS2 $0.93 - $0.96 3% - 6% Adjusted Free Cash Flow-unrestricted $190 - $220 40
Slide 10: Appendix
Appendix NYSE:VYX 10
Slide 11: FY 2025 Results
FY 2025 Results +8% platform sites +4% payment sites +2% ARR 900+ new customers $ in Millions except EPS Revenue Recurring vs. Non-Recurring Revenue $2,818 $2,687 $2,818 $2,687 $769 $701 $1,189 $1,011 $1,063 $1,036 $1,629 $1,676 $986 $950 FY 2024 FY 2025 FY 2024 FY 2025 Software Services Hardware Re
Slide 12: FY 2025 - Retail
FY 2025 - Retail +6% platform sites +12% payment sites +4% ARR 150+ new customers $ in Millions Recurring vs. Non-Recurring Revenue Revenue Adjusted EBITDA (Margin %) $1,956 $1,842 $1,956 19.6% $1,842 19.0% $577 $497 $901 $745 $761 $754 $383 $350 $1,055 $1,097 $618 $591 FY 2024 FY 2025 FY 2024 FY 20
Slide 13: FY 2025 - Restaurants
FY 2025 - Restaurants +11% platform sites +3% payment sites +1% ARR1 750+ new customers $ in Millions Recurring vs. Non-Recurring Revenue Revenue Adjusted EBITDA (Margin %) $825 $818 $825 $818 32.6% 30.4% $189 $200 $271 $251 $283 $274 $251 $267 $554 $567 $353 $344 FY 2024 FY 2025 FY 2024 FY 2025 FY
Slide 14: Non-GAAP Measures
Non-GAAP Measures While NCR Voyix reports its results in accordance with generally accepted accounting principles (GAAP) in the United States, comments made during this conference call and in these materials will include non-GAAP measures. These measures are included to provide additional useful inf
Slide 15: Non-GAAP Measures
Non-GAAP Measures Adjusted Free Cash Flow-Unrestricted and Adjusted Free Cash Flow-Unrestricted before restructuring costs: NCR Voyix management uses the non-GAAP measures called “adjusted free cash flow-unrestricted” and “adjusted free cash flow-unrestricted before restructuring costs” to assess th
Slide 16: Non-GAAP Measures
Non-GAAP Measures NON-GAAP RECONCILIATIONS: The Company’s definitions and calculations of these non-GAAP measures may differ from similarly-titled measures reported by other companies and cannot, therefore, be compared with similarly-titled measures of other companies. These non-GAAP measures should
Slide 17: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted EBITDA $ in millions Q4 2025 Q4 2024 FY 2025 FY 2024 Net Income (Loss) from Continuing Operations Attributable to NCR Voyix (GAAP) $ 78 $ (11) $ 42 $ (201) Pension mark-to-market adjustments (13) (12) (13) (12) Depreciation and amortization (exc
Slide 18: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Reconciliation of Q4 GAAP diluted EPS to Non-GAAP diluted EPS Q4 2025 Q4 2025 Q4 2024 Q4 2024 $ in millions (except EPS) GAAP Non-GAAP2 GAAP Non-GAAP2 Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) fr
Slide 19: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Reconciliation of fiscal year GAAP diluted EPS to Non-GAAP diluted EPS FY 2025 FY 2025 FY 2024 FY 2024 $ in millions (except EPS) GAAP Non-GAAP2 GAAP Non-GAAP2 Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income
Slide 20: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Income (loss) from continuing operations (attributable to NCR Voyix) $ in millions Q4 2025 Q4 2024 FY 2025 FY 2024 Income (loss) from continuing operations (attributable to NCR Voyix) $ 78 $ (11) $ 42 $ (201) Pension mark-to-market adjustments (9) (8) (9
Slide 21: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Recurring revenue excluding the impact of a non-core divestiture in Brazil $ in millions Q4 2025 Q4 2024 Restaurants ARR $559 $562 Less: Impact of non-core divestiture in Brazil and other divested businesses — (6) Restaurants ARR excluding the impact of
Slide 22: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted Free Cash Flow-Unrestricted before Restructuring Costs $ in millions FY 2025 Net cash provided by (used in) operating activities (GAAP) $ (210) Capital expenditures (165) Restricted cash settlement activity 26 Cash taxes paid for the Digital Ban
Slide 23: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Net Debt and Adjusted Net Leverage Ratio $ in millions December 31, 2025 Total Debt $ 1,105 Less: Cash and cash equivalents 231 Net Debt $ 874 2025 Adjusted EBITDA $425 Adjusted Net Leverage Ratio 2.1x NYSE:VYX 23