At a glance
DXC Technology Co is worth $2.50B, about 161 times its fiscal 2026 earnings. Revenue fell 1.8% to $12.64B in fiscal 2026, with 0.1% kept as profit; over 5 years it has grown 6.5% a year. It pays no dividend; it spent $2.46B buying back its shares over FY2022–FY2026. The stock returned +20.4% over the past year with dividends reinvested and −13.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 69.4% in the 2020 crash (S&P 500: 33.7%) and 39.9% in the 2022 bear market (S&P 500: 24.5%).
The business in plain English
DXC Technology is an IT services company. It designs, runs, secures and modernizes technology for global companies and public sector bodies, including many Fortune 500 firms. DXC was formed on April 1, 2017, when CSC merged with HPES, a services business separated from HPE. In its fiscal year ended March 31, 2026, it had about 115,000 employees in 60 countries. It sells through its own global sales force, and no single client made up more than 10% of revenue.
Revenue for that year was $12.6 billion across three segments. The largest, Global Infrastructure Services (50.2% of revenue), runs data centers, mainframe computers, cloud and networks, manages workplace tech such as devices and help desks, and handles back-office work like finance, HR and customer service. Consulting & Engineering Services (39.7%) builds and modernizes software and applies AI and data analytics in industries such as finance, automotive and healthcare. Insurance Software & Services (10.1%) sells software and back-office services to life, property and casualty, and reinsurance companies.
Most revenue comes from outside the US. In fiscal 2026, Europe outside the UK supplied 33.6%, the United States 25.4%, the United Kingdom 14.7%, Australia 8.6% and other countries 17.6%. DXC is building AI and automation into its services and plans to exit most of the data centers it runs itself.
Price history
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DXC +20.4% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By business segment
| GIS | $6.34B | 50.2% |
| CES | $5.02B | 39.7% |
| Insurance | $1.28B | 10.1% |
By geography
| Other Europe | $4.25B | 33.6% |
| United States | $3.21B | 25.4% |
| Other International | $2.23B | 17.6% |
| United Kingdom | $1.86B | 14.7% |
| Australia | $1.09B | 8.6% |
Latest results
- In Q2 FY2027 (ended Sep 30, 2026), revenue was $3.03B, down 4% from a year earlier, and net income was $24.0M (-33.3%).
- For fiscal 2026, revenue was $12.64B (-1.8% year over year; -6.5% a year from FY2021 to FY2026) with a 0.1% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | -6.5% weak |
|---|---|
| Operating margin | 7.7% watch |
| Free cash flow margin | 8.2% watch |
| Return on equity (FY2026) | 0.6% weak |
| Return on assets (FY2026) | 0.1% weak |
| Net cash (cash minus debt) | $-1.46B watch |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $17.73B | $-149.0M | $-137.0M |
| FY2022 | $16.27B | $718.0M | $1.25B |
| FY2023 | $14.43B | $-568.0M | $1.15B |
| FY2024 | $13.67B | $91.0M | $1.18B |
| FY2025 | $12.87B | $389.0M | $1.15B |
| FY2026 | $12.64B | $18.0M | $1.04B |
Valuation snapshot
| Market value | $2.50B |
|---|---|
| P/E ratio | 160.9 |
| Dividend yield | 0% |
Rank among 1514 US companies
Market value at each year end
DXC Technology’s market value went from $27.07B at the end of 2017 to $2.50B on Oct 28, 2026, down 91%; since the end of 2025 it is down 2%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $2.50B | -1.9% |
| 2025 | $2.55B | -29.5% |
| 2024 | $3.62B | -18.3% |
| 2023 | $4.43B | -27.4% |
| 2022 | $6.10B | -24.9% |
| 2021 | $8.12B | +23.9% |
| 2020 | $6.55B | -31.9% |
| 2019 | $9.62B | -35.4% |
| 2018 | $14.89B | -45.0% |
| 2017 | $27.07B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| DXC price data to Oct 28, 2026 | +9.8% | +20.4% | -6.3% | -13.2% | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +9.8% |
| 2025 | -26.7% |
| 2024 | -12.6% |
| 2023 | -13.7% |
| 2022 | -17.7% |
| 2021 | +25.0% |
| 2020 | -30.5% |
| 2019 | -27.9% |
| 2018 | -35.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 63.6% over that stretch · deepest drop along the way 69.4%, back to its old high 12.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 19.7% over that stretch · deepest drop along the way 39.9%, not recovered by the end of the data |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 16.2% | Jun 30, 2026 |
| Vanguard Portfolio Management | 7.74% | Mar 31, 2026 |
| Vanguard Capital Management | 5.23% | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 5% | Jun 30, 2026 |
| Invesco Ltd. | 5% | Jun 30, 2025 |
| Millennium Management LLC | 4.1% | Jun 30, 2026 |
| Pacer US Cash Cows 100 ETF | 1.25% | Mar 31, 2025 |
ETFs with the most weight in DXC
| PSCT Invesco S&P SmallCap Information Technology ETF | 1.99% |
| FXL First Trust Technology AlphaDEX Fund | 1.61% |
| PSWD Xtrackers Cybersecurity Select Equity ETF | 1.15% |
| SIXS ETC 6 Meridian Small Cap Equity ETF | 1.01% |
| RWJ Invesco S&P SmallCap 600 Revenue ETF | 0.95% |
| XSW SPDR S&P Software & Services ETF | 0.68% |
| FLOW Global X U.S. Cash Flow Kings 100 ETF | 0.67% |
| NIXT Research Affiliates Deletions ETF | 0.61% |
What could go wrong
- Falling behind on AI and new technology. DXC warns it may fail to build services that match new demands such as AI, while lower-cost offshore rivals compete hard. Revenue fell from $17.7 billion in fiscal 2021 to $12.6 billion in fiscal 2026.
- A sales organization that needs fixing. DXC flags possible problems in its sales organization, including a fragmented sales model, uneven sales support and limited visibility into client relationships. That could make winning and growing clients harder.
- Contracts that cost more than planned. If DXC underestimates what a project will cost or how long it will take, or if it or a partner misses commitments to a client, that contract's profit can shrink sharply.
- Outages or hacks at systems it runs. DXC runs critical systems for large companies and governments. A cyberattack, data leak or major outage could make DXC liable for damages and hurt its reputation with clients.
- Debt and the credit rating. As of June 30, 2026, DXC had about $3.5 billion of debt and $2.0 billion of cash and investments. A credit-rating downgrade could raise borrowing costs and make raising money harder.
- Tax bills from past spin-off deals. DXC could owe HPE compensation if the HPES spin-off that helped create DXC is ruled not tax-free. Its USPS and NPS separations could also bring large tax bills for DXC and shareholders.
Recent events
- Quarterly results released
- Executive or board change; Investor presentation or announcement
- Quarterly results released
- Shareholder vote results
- Investor presentation or announcement
- Quarterly results released
- Quarterly results released
- Investor presentation or announcement; Other company announcement
- Other company announcement
For income and retirement investors
DXC pays no dividend, so it provides no regular income. It last paid one in fiscal 2021, about $0.21 per share, and paid none in fiscal 2022 through 2026, even though it generated $1.04 billion of free cash flow (cash left after running and investing in the business) in fiscal 2026. Instead, it bought back $2.46 billion of stock over fiscal 2022–2026, and the share count fell 36.6% between August 2021 and July 2026. Yearly buybacks ranged from $14 million to $898 million. An income investor would need to sell shares to raise cash.
The shares have fallen hard in downturns. In the COVID crash they dropped 69.4% between February 20 and March 18, 2020, and took about 12 months to recover. In the 2022 bear market they fell 39.9% and had not regained their February 8, 2022 peak as of October 28, 2026. Like any single stock, DXC carries more risk than a diversified fund.
Questions investors ask
Does DXC Technology pay a dividend?
No. DXC paid no dividends in fiscal 2022 through fiscal 2026 (its fiscal year ends March 31), and its dividend yield was 0% as of October 28, 2026. It last paid a dividend in fiscal 2021, about $0.21 per share. It has returned cash through share buybacks instead, totaling $2.46 billion over fiscal 2022–2026. Its annual report also warns that it may not pay dividends or buy back shares as announced, or at all.
How does DXC Technology make money?
DXC makes money by selling IT services and software to large companies and public sector organizations. In the fiscal year ended March 31, 2026, Global Infrastructure Services, which runs data centers, cloud, networks and workplace IT for clients, brought in 50.2% of its $12.6 billion revenue. Consulting & Engineering Services, covering software engineering, applications and AI work, added 39.7%. Insurance Software & Services, which serves insurers, made up 10.1%. No client exceeded 10% of revenue.
Is DXC Technology's revenue growing?
No. Revenue has fallen every year since fiscal 2021, from $17.7 billion to $12.6 billion in fiscal 2026, an average decline of 6.5% a year. Fiscal 2026 revenue was down 1.8%, and revenue for the quarter ended June 30, 2026 was $3.0 billion, 5.1% lower than a year earlier. DXC's annual report warns it may fail to develop services that keep up with new technology trends, and it faces aggressive competition.
Is DXC Technology profitable?
Barely, on a net basis. DXC's net income fell 95.4% to $18 million in fiscal 2026, or $0.10 per diluted share, on $12.6 billion of revenue. Operating income was higher at $970 million, a 7.7% margin, and the company generated $1.04 billion of free cash flow. Net income was $122 million in the quarter ended June 30, 2026. The thin annual profit put the price-to-earnings ratio at 160.9 as of October 28, 2026.
How has DXC stock performed over the long term?
Poorly. As of October 28, 2026, the share price had fallen 13.2% a year over five years, a cumulative 51% decline, and 6.3% a year over three years. It dropped in every calendar year from 2018 through 2025 except 2021, when it rose 25.0%. Over the year to October 28, 2026, it gained 20.4%, and it was up 9.8% for 2026 through that date. Its deepest fall from a peak has been 91.2%.