ncr-20251106

NEWS RELEASE

NCR Voyix Reports Third Quarter 2025 Results

ATLANTA, November 6, 2025 - NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix” or the “Company”), a leading global provider of digital commerce solutions, reported financial results today for the three and nine months ended September 30, 2025.

Third Quarter Financial Highlights

•Revenue was $684 million compared to $708 million in the prior year period.

•Net loss from continuing operations attributable to NCR Voyix was $17 million, compared with a net loss of $29 million in the prior year period.

•Adjusted EBITDA was $125 million compared to $95 million in the prior year period.

•Diluted EPS from continuing operations was $(0.14); non-GAAP diluted EPS was $0.31.

•Software & Services Revenue was $504 million compared to $516 million in the prior year period.

•ARR was $1.7 billion compared to $1.6 billion in the prior year period.

•Software ARR was $798 million compared to $742 million in the prior year period.

“I am pleased with our performance in the quarter as we continue to execute on our strategy,” said James G. Kelly, President and Chief Executive Officer. “As we look to 2026, we remain focused on accelerating growth and solidifying our leadership in unified commerce. NCR Voyix is the platform-powered leader serving retail and restaurants, and we will continue to scale our capabilities, execute with discipline, and deliver sustainable long-term value.”

2025 Outlook

For the full-year 2025, the Company is updating its outlook to the following:




Total Revenue			$2,650M – $2,670M
Software and Services Revenue			$1,980M – $1,990M
Hardware Revenue			$670M – $680M
Adjusted EBITDA			$420M – $435M
Non-GAAP Diluted EPS1			$0.85 - $0.90
Adjusted Free Cash Flow - Unrestricted2			$170M - $175M

1 Non-GAAP Diluted EPS assumes an effective tax rate of 20% and full-year average diluted shares of 157 million inclusive of as-if converted preferred shares and dilutive options and RSU awards.

2 Adjusted Free Cash Flow-Unrestricted excludes restructuring, transformation, and strategic initiatives cash expenditures, environmental net cash, cash outflow related to accelerated projects, and $284 million of cash taxes related to the sale of Digital Banking.

The Company’s 2025 outlook assumes gross hardware recognition for the full-year 2025. The Company’s outlook considers the current estimated impact for the trade tariffs that have been imposed or announced by the U.S. government as well as the offsetting mitigations the Company is undertaking as a result.

Recent Business Highlights and Additional Information

•As of September 30, 2025, the Company had 78 thousand platform sites and more than 8 thousand payment sites, an increase of 12% and 3%, respectively, from the prior year.

•In October 2025, the Company announced direct partnerships with WEX and Corpay, expanding its payment acceptance capabilities for commercial fuel transactions. These agreements will enable fleet card acceptance through Voyix Connect as the Company rolls out its cloud-native point-of-sale and fuel solutions beginning in 2026.

In this release, we use certain non-GAAP measures. These non-GAAP measures include “Adjusted EBITDA,” “Adjusted Free Cash Flow-Unrestricted,” “Non-GAAP Diluted EPS,” and others with the words “non-GAAP” in their titles. These non-GAAP measures are listed, described and reconciled for historic periods to their most directly comparable GAAP measures under the heading “Non-GAAP Financial Measures” later in this release. With respect to our outlook for full year 2025 for our Adjusted EBITDA, Non-GAAP Diluted EPS and Adjusted Free Cash Flow-Unrestricted, we do not provide a reconciliation to each of their most directly comparable GAAP measure because we are not able to predict with reasonable certainty the reconciling items that may affect the GAAP net income from continuing operations and GAAP cash flow provided by (used in) operating activities without unreasonable effort. The reconciling items are primarily the future impact of special tax items, capital structure transactions, restructuring, pension mark-to-market transactions, acquisitions or divestitures, or other events. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, the GAAP measures. The Company also believes such reconciliations would imply a degree of precision that could be confusing or misleading to investors.

Earnings Conference Call

NCR Voyix management will host a conference call and live audio webcast today at 8:00 a.m. Eastern Time to discuss the Company’s results for the third quarter. Access to the webcast, along with supplemental financial information, are available on the Investor Relations section of the Company’s website at https://investor.ncrvoyix.com. Participants may access the live call by dialing (888) 396-8049 (United States/Canada Toll-free) or +1 (416) 764-8646 (International Toll) and requesting to be connected to the conference call. A replay of the audio webcast will be archived on the Company’s website following the live event.

About NCR Voyix

NCR Voyix Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail and restaurant industries. NCR Voyix transforms retail stores and restaurant systems through experiences with comprehensive, platform-led SaaS and services capabilities. NCR Voyix is headquartered in Atlanta, Georgia, with customers in more than 30 countries across the globe. For more information, visit ncrvoyix.com.

Cautionary Statements

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements use words such as “expect,” “target,” “anticipate,” “outlook,” “guidance,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Statements that describe or relate to the Company’s plans, targets, goals, intentions, strategies, prospects, or financial outlook, including modeling considerations, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Examples of forward-looking statements in this release include, but are not limited to, statements regarding: our expectations regarding our fiscal 2025 performance outlook, our expectations on the impact of trade tariffs that have been imposed or announced by the U.S. government and the Company’s ability to mitigate any such impact, our expectations regarding our partnerships with customers and our expectations regarding other strategic initiatives and our growth strategies. Forward-looking statements are not guarantees of future performance, are subject to assumptions, risks and uncertainties and there are a number of important factors that could cause actual outcomes and results to differ materially from those contemplated by such forward-looking statements. The factors that could cause the Company’s actual results to differ materially include, among others, the following: our ability to successfully execute our growth strategy; our ability to successfully develop new solutions that achieve market acceptance and keep pace with technological developments; our ability to maintain a consistently high level of customer service; our ability to achieve some or all of the expected benefits of our cost reduction initiatives; the success of our strategic relationships with third parties and our ability to integrate with third-party applications and software; risks related to tariffs, sanctions and trade barriers, and the related impact on macroeconomic conditions; the availability or applicability of tariff and duty exemptions to our products; the failure of our acquisitions, divestitures and other strategic transactions or future acquisitions to produce anticipated results; our ability to realize the anticipated cost savings or other benefits related to the Hardware Business Transition with Ennoconn on a timely basis or at all; our ability to perform under our agreements with NCR Atleos; potential indemnification obligations to NCR Atleos or a refusal of NCR Atleos to indemnify us pursuant to agreements executed in the spin-off; our ability to protect our systems and data from cybersecurity threats or other technological risks; risks related to evolving global laws and regulations relating to data privacy, data protection and information security; our ability to protect our intellectual property; extensive competition in our markets; disruptions in our data center hosting and public cloud facilities; risks related to defects, errors, installation difficulties or development delays; the failure of our artificial intelligence capabilities to operate as anticipated; our ability to maintain and update our information technology systems; changes in U.S. or foreign trade policies and domestic and global economic and credit conditions; our ability to retain key employees, or to recruit, develop and retain qualified employees; the inability of third party suppliers to fulfill our needs; risks related to our level or indebtedness; our ability to continue to access or renew financing sources and obtain capital; our failure to maintain effective internal control over financial reporting; and other factors included in “Item 1A-Risk Factors” of our most recent Annual Report on Form 10-K and in other documents that we file with the U.S. Securities and Exchange Commission (“SEC”), which are available at https://www.sec.gov.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and should not be relied upon as representing our plans and expectations as of any subsequent date. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures

Non-GAAP Financial Measures. While the Company reports its results in accordance with Generally Accepted Accounting Principles in the United States, or GAAP, in this release the Company also uses the non-GAAP measures listed and described below. 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 not be considered as substitutes for, or superior to, results determined in accordance with GAAP, and the Company encourages investors to review the non-GAAP information presented herein in conjunction with, and as a supplement to, the presentation of GAAP financial measures.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) and Adjusted EBITDA margin. The Company determines Adjusted EBITDA for a given period based on its GAAP net income from continuing operations attributable to NCR Voyix plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization (excluding acquisition-related amortization of intangibles); plus stock-based compensation expense; plus pension mark-to-market adjustments and other special items, including amortization of acquisition-related intangibles, acquisition-related costs, loss (gain) on disposal of businesses, separation-related costs, loss (gain) on extinguishment of debt, cyber ransomware incident recovery costs (net of insurance recoveries), fraudulent ACH disbursements costs net of recoveries, foreign currency devaluation, transformation and restructuring charges (which includes integration, severance and other exit and disposal costs), strategic initiative costs and litigation costs, among others. Separation-related costs include costs incurred as a result of the spin-off. The Company also uses Adjusted EBITDA margin, which is calculated based on Adjusted EBITDA as a percentage of total revenue. The Company uses Adjusted EBITDA and Adjusted EBITDA margin to evaluate and measure the ongoing performance of its business segments. The Company also uses Adjusted EBITDA and Adjusted EBITDA margin to manage and determine the effectiveness of its business managers and as a basis for incentive compensation. The Company believes that Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors because they are indicators of the strength and performance of the Company’s ongoing business operations, including its ability to fund discretionary spending such as capital expenditures, strategic acquisitions and other investments. Adjusted EBITDA and Adjusted EBITDA margin should not be considered as substitutes for, or superior to, net income from continuing operations attributable to NCR Voyix or net profit margin, respectively, under GAAP.

Non-GAAP Diluted Earnings Per Share (EPS) and Non-GAAP income (loss) from continuing operations (attributable to NCR Voyix). The Company determines Non-GAAP Diluted EPS and Non-GAAP income (loss) from continuing operations (attributable to NCR Voyix) by excluding, as applicable, pension mark-to-market adjustments, pension settlements, pension curtailments and pension special termination benefits, as well as other special items, including amortization of acquisition related intangibles, stock-based compensation expense, separation-related costs, cyber ransomware incident recovery costs net of recoveries, fraudulent ACH disbursements costs net of recoveries, strategic initiative costs, foreign currency devaluation costs, gains or losses related to the disposal of businesses, litigation costs and transformation and restructuring activities, from the Company’s GAAP earnings per share and income (loss) from continuing operations (attributable to NCR Voyix), respectively. Due to the non-operational nature of these pension and other special items, the Company’s management uses these non-GAAP measures to evaluate year-over-year operating performance. The Company believes this measure is useful for investors because it provides a more complete understanding of the Company’s underlying operational performance, as well as consistency and comparability with the Company’s past reports of financial results.

Adjusted free cash flow-unrestricted. NCR Voyix management uses the non-GAAP measure called “adjusted free cash flow-unrestricted” to assess the financial performance of the Company. We define adjusted free cash flow-unrestricted as net cash provided by (used in) operating activities less capital expenditures for property, plant and equipment, less additions to capitalized software, plus/minus collections of previously sold trade receivables purchased from third parties, restricted cash settlement activity, cash activity related to acceleration projects, cash taxes paid for the Digital Banking Sale, cash activity related to environmental discontinued operations plus acquisition-related items, and plus pension contributions and settlements.

We believe adjusted free cash flow-unrestricted and adjusted free cash flow conversion provide useful information to investors because they relate the operating cash flows from the Company’s continuing and discontinued operations to the capital that is spent to continue and improve business operations. In particular, adjusted free cash flow-unrestricted indicates the amount of cash available after capital expenditures for, among other things, investments in the Company’s existing businesses, strategic acquisitions, and repayment of debt obligations. Adjusted free cash flow-unrestricted does not represent the residual cash flow available for discretionary expenditures, since there may be other non-discretionary expenditures that are not deducted from the measure. Adjusted free cash flow-unrestricted and adjusted free cash flow conversion do not have a uniform definition under GAAP, and therefore the Company’s definitions may differ from other companies’ definitions of these measures. These non-GAAP measures should not be considered a substitute for, or superior to, cash flows from operating activities under GAAP or other GAAP measures.

Use of Certain Terms

The term “recurring revenue” includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. NCR Voyix’s management considers recurring revenue, and the other operating metrics derived therefrom, to be an important indicator of the predictability of revenue and part of our strategic plan.

The term “annual recurring revenue” or “ARR” is recurring revenue, excluding software licenses (SWL) sold as a subscription, for the last three months times four. In addition, plus the rolling four quarters of term-based SWL arrangements that include customer termination rights.

The term “Software ARR” includes recurring software license revenue, software maintenance revenue, SaaS revenue, standalone hosted contract revenue, professional services recurring revenue and payments revenue.

The term “Software & Services Revenue” includes all software, services and payments revenue and excludes hardware revenue.

The term “platform sites” includes all sites for which we bill for use of our Commerce platform.

The term “payment sites” includes all sites which utilizes NCR Voyix’s payment processing capabilities.

Reconciliation of Net Income from Continuing Operations Attributable to NCR Voyix (GAAP) to Adjusted Earnings Before Interest, Depreciation, Taxes and Amortization (Adjusted EBITDA)


	Three months ended				Nine months ended
$ in millions	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Net Income (Loss) from Continuing Operations Attributable to NCR Voyix (GAAP)	$	(17)	$	(29)	$	(36)	$	(190)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	48		53		149		153
Acquisition-related amortization of intangibles	6		7		18		22
Interest expense	15		40		44		120
Interest income	—		(2)		(7)		(5)

Loss (gain) on debt extinguishment	—		(8)		—		(8)
Income tax expense (benefit)	(6)		(1)		(17)		4
Stock-based compensation expense	8		9		26		32
Transformation and restructuring costs	47		16		84		90
Separation costs	—		1		—		9
Loss (gain) on disposal of businesses	(2)		—		(2)		(14)
Foreign currency devaluation	—		—		—		15
Fraudulent ACH disbursements	—		(2)		—		(4)

Cyber ransomware incident recovery costs	—		(1)		—		(5)
Strategic initiatives	4		12		14		18




Litigation costs	22		—		22		—
Adjusted EBITDA (Non-GAAP)	$	125	$	95	$	295	$	237

Reconciliation of Diluted Earnings Per Share from Continuing Operations (GAAP) to

Non-GAAP Diluted Earnings Per Share from Continuing Operations (Non-GAAP)


	Three months ended				Nine months ended
$ in millions	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Diluted Earnings Per Share from Continuing Operations (GAAP)(1)	$	(0.14)	$	(0.23)	$	(0.34)	$	(1.40)
Acquisition-related amortization of intangibles	0.03		0.04		0.10		0.11
Loss (gain) on debt extinguishment	—		(0.04)		—		(0.04)
Stock-based compensation expense	0.04		0.05		0.16		0.20
Transformation and restructuring costs	0.22		0.09		0.38		0.46
Separation costs	—		0.01		—		0.05
Loss (gain) on disposal of businesses	—		—		—		(0.07)
Foreign currency devaluation	—		—		—		0.08
Fraudulent ACH disbursements	—		(0.01)		—		(0.02)
Cyber ransomware incident recovery costs	—		(0.01)		—		(0.02)
Strategic initiatives	0.02		0.06		0.07		0.09

Litigation costs	0.11		—		0.11		—
Non-GAAP Diluted EPS(1)	$	0.31	$	0.01	$	0.59	$	(0.33)

(1) Non-GAAP diluted EPS is determined using the conversion of the Series A Convertible Preferred Stock into common stock in the calculation of weighted average diluted shares outstanding. GAAP EPS is determined using the most dilutive measure, either including the impact of dividends or deemed dividends on the Company’s Series A Convertible Preferred Stock in the calculation of net income or loss available to common stockholders or including the impact of the conversion of the Series A Convertible Preferred Stock into common stock in the calculation of the weighted average diluted shares outstanding. Therefore, GAAP diluted EPS and non-GAAP diluted EPS may not mathematically reconcile.


	Three months ended
$ in millions	September 30, 2025		September 30, 2025 Non-GAAP		September 30, 2024		September 30, 2024 Non-GAAP
Income (loss) from continuing operations attributable to NCR Voyix common stockholders
Income (loss) from continuing operations (attributable to NCR Voyix)	$	(17)	$	49	$	(29)	$	2
Dividends on convertible preferred shares	(3)		—		(4)		—
Income (loss) from continuing operations attributable to NCR Voyix common stockholders	$	(20)	$	49	$	(33)	$	2
Weighted average outstanding shares:
Weighted average diluted shares outstanding	138.2		141.2		145.4		148.6
Weighted as-if converted preferred shares	—		15.9		—		15.9
Total shares used in diluted earnings per share	138.2		157.1		145.4		164.5
Diluted earnings per share from continuing operations	$	(0.14)	$	0.31	$	(0.23)	$	0.01


	Nine months ended
$ in millions	September 30, 2025		September 30, 2025 Non-GAAP		September 30, 2024		September 30, 2024 Non-GAAP
Income (loss) from continuing operations attributable to NCR Voyix common stockholders
Income (loss) from continuing operations (attributable to NCR Voyix)	$	(36)	$	92	$	(190)	$	(54)
Dividends on convertible preferred shares	(11)		—		(12)		—
Income (loss) from continuing operations attributable to NCR Voyix common stockholders	$	(47)	$	92	$	(202)	$	(54)
Weighted average outstanding shares:
Weighted average diluted shares outstanding	138.6		141.1		144.6		147.6
Weighted as-if converted preferred shares	—		15.9		—		15.9
Total shares used in diluted earnings per share	138.6		157.0		144.6		163.5
Diluted earnings per share from continuing operations	$	(0.34)	$	0.59	$	(1.40)	$	(0.33)


	Three months ended				Nine months ended
$ in millions	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Income (loss) from continuing operations (attributable to NCR Voyix)	$	(17)	$	(29)	$	(36)	$	(190)
Acquisition-related amortization of intangibles	5		6		15		18
Loss (gain) on debt extinguishment	—		(7)		—		(7)
Stock-based compensation expense	6		9		25		32
Transformation and restructuring costs	35		14		60		76
Separation costs	—		1		—		8
Loss (gain) on disposal of businesses	—		—		—		(12)
Foreign currency devaluation	—		—		—		13
Fraudulent ACH disbursements	—		(1)		—		(3)
Cyber ransomware incident recovery costs	—		(1)		—		(4)
Strategic initiatives	3		10		11		15
Litigation costs	17		—		17		—
Non-GAAP income (loss) from continuing operations (attributable to NCR Voyix)	$	49	$	2	$	92	$	(54)


			NCR VOYIX CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (in millions, except per share amounts)			Schedule A


	For the Period Ended September 30
	Three Months						Nine Months
	2025			2024			2025			2024
Revenue
Product	$	200		$	218		$	538		$	683
Service	484			490			1,429			1,457
Total Revenue	684			708			1,967			2,140
Cost of products	168			182			484			591
Cost of services	350			359			1,029			1,118
Total gross margin	166			167			454			431
% of Revenue	24.3		%	23.6		%	23.1		%	20.1		%
Selling, general and administrative expenses	111			113			333			339
Research and development expenses	40			38			112			129

Income (loss) from operations	15			16			9			(37)
% of Revenue	2.2		%	2.3		%	0.5		%	(1.7)		%
Gain (loss) on extinguishment of debt	—			8			—			8
Interest expense	(15)			(40)			(44)			(120)
Other income (expense), net	(23)			(14)			(18)			(37)
Total interest and other expense, net	(38)			(46)			(62)			(149)
Income (loss) from continuing operations before income taxes	(23)			(30)			(53)			(186)
% of Revenue	(3.4)		%	(4.2)		%	(2.7)		%	(8.7)		%
Income tax expense (benefit)	(6)			(1)			(17)			4
Income (loss) from continuing operations	(17)			(29)			(36)			(190)
Income (loss) from discontinued operations, net of tax	(2)			1,111			—			1,158
Net income (loss)	(19)			1,082			(36)			968
Net income (loss) attributable to noncontrolling interests	—			—			—			—
Net income (loss) attributable to noncontrolling interests of discontinued operations	—			—			—			(1)
Net income (loss) attributable to NCR Voyix	$	(19)		$	1,082		$	(36)		$	969
Amounts attributable to NCR Voyix common stockholders:
Income (loss) from continuing operations	$	(17)		$	(29)		$	(36)		$	(190)
Dividends on convertible preferred stock	(3)			(4)			(11)			(12)
Income (loss) from continuing operations attributable to NCR Voyix common stockholders	(20)			(33)			(47)			(202)
Income (loss) from discontinued operations, net of tax	(2)			1,111			—			1,159
Net income (loss) attributable to NCR Voyix common stockholders	$	(22)		$	1,078		$	(47)		$	957
Income (loss) per share attributable to NCR Voyix common stockholders:
Income (loss) per common share from continuing operations
Basic	$	(0.14)		$	(0.23)		$	(0.34)		$	(1.40)
Diluted (1)	$	(0.14)		$	(0.23)		$	(0.34)		$	(1.40)
Net income (loss) per common share
Basic	$	(0.16)		$	7.41		$	(0.34)		$	6.62
Diluted (1)	$	(0.16)		$	7.41		$	(0.34)		$	6.62
Weighted average common shares outstanding
Basic	138.2			145.4			138.6			144.6
Diluted (1)	138.2			145.4			138.6			144.6

(1) Diluted EPS is determined using the most dilutive measure, either including the impact of the dividends and deemed dividends on the Company’s Series A Convertible Preferred Shares in the calculation of net income or loss per common share from continuing operations and net income or loss per common share or including the impact of the conversion of such preferred stock into common stock in the calculation of the weighted average diluted shares outstanding.


			NCR VOYIX CORPORATION REVENUE AND ADJUSTED EBITDA SUMMARY (Unaudited) (in millions)			Schedule B


	For the Period Ended September 30
	Three Months						Nine Months
	2025		2024		% Change			2025		2024		% Change
Revenue by segment
Retail	$	467	$	487	(4)	%		$	1,341	$	1,495	(10)	%
Restaurants	210		211		—	%		606		614		(1)	%



Total segment revenue	$	677	$	698				$	1,947	$	2,109
Corporate and Other(1)	7		10		(30)	%		20		31		(35)	%

Total revenue	$	684	$	708	(3)	%		$	1,967	$	2,140	(8)	%

Adjusted EBITDA by segment
Retail	$	90	$	108	(17)	%		$	236	$	281	(16)	%
Retail Adjusted EBITDA margin %	19.3%		22.2%					17.6%		18.8%
Restaurants	74		66		12	%		201		183		10	%
Restaurants Adjusted EBITDA margin %	35.2%		31.3%					33.2%		29.8%


Segment Adjusted EBITDA	$	164	$	174	(6)	%		$	437	$	464	(6)	%
Segment Adjusted EBITDA margin %	24.2%		24.9%					22.4%		22.0%
Corporate and Other(1)	(39)		(79)		(51)	%		(142)		(227)		(37)	%
Total Adjusted EBITDA	$	125	$	95	32	%		$	295	$	237	24	%
Total Adjusted EBITDA margin %	18.3%		13.4%					15.0%		11.1%

(1) Corporate and Other includes income and expenses related to corporate functions that are not specifically attributable to any of our two individual reportable segments along with certain non-strategic businesses that are considered immaterial operating segment(s), as well as commercial agreements with NCR Atleos.


			NCR VOYIX CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) (in millions, except per share amounts)			Schedule C


In millions, except per share amounts	September 30, 2025		December 31, 2024
Assets
Current assets
Cash and cash equivalents	$	282	$	722
Accounts receivable, net of allowances of $21 and $26 as of September 30, 2025 and December 31, 2024, respectively	548		532
Inventories	221		208
Restricted cash	6		31
Prepaid and other current assets	206		166
Current assets of discontinued operations	—		12
Total current assets	1,263		1,671
Property, plant and equipment, net	167		192
Goodwill	1,520		1,516
Intangibles, net	90		94
Operating lease assets	214		229
Prepaid pension cost	51		47
Deferred income taxes	183		189
Other assets	515		514

Total assets	$	4,003	$	4,452
Liabilities and stockholders’ equity (deficit)
Current liabilities

Accounts payable	$	375	$	324
Payroll and benefits liabilities	99		104
Contract liabilities	207		209
Settlement liabilities	9		47
Other current liabilities	423		724
Current liabilities of discontinued operations	—		12
Total current liabilities	1,113		1,420
Long-term debt	1,099		1,098
Pension and indemnity plan liabilities	165		144
Postretirement and postemployment benefits liabilities	42		41
Income tax accruals	53		52
Operating lease liabilities	232		248
Other liabilities	175		241
Noncurrent liabilities of discontinued operations	—		1
Total liabilities	2,879		3,245
Commitments and Contingencies (Note 11)
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.3 shares issued and outstanding as of September 30, 2025 and December 31, 2024; redemption amount and liquidation preference of $276 as of September 30, 2025 and December 31, 2024	276		276
Stockholders’ equity (deficit)
NCR Voyix stockholders’ equity (deficit)
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	—		—
Common stock: par value $0.01 per share, 500.0 shares authorized, 138.3 and 142.1 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	1		1
Paid-in capital	823		866
Retained earnings (deficit)	470		535
Accumulated other comprehensive loss	(446)		(469)
Total NCR Voyix stockholders’ equity (deficit)	848		933
Noncontrolling interests in subsidiaries	—		(2)
Total stockholders’ equity (deficit)	848		931
Total liabilities and stockholders’ equity (deficit)	$	4,003	$	4,452


			NCR VOYIX CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in millions)			Schedule D



In millions	Nine months ended September 30
	2025		2024
Operating activities
Net income (loss)	$	(36)	$	968
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Loss (gain) on debt extinguishment	—		(8)
Depreciation and amortization	173		237
Stock-based compensation expense	26		39
Deferred income taxes	10		11

Impairment of other assets	—		5
Loss (gain) on disposal of property, plant and equipment and other assets	(3)		—

Loss (gain) on divestiture	(2)		(1,560)
Changes in assets and liabilities:
Receivables	(24)		49
Inventories	(26)		37
Current payables and accrued expenses	13		(41)
Contract liabilities	(11)		38
Employee benefit plans	23		(8)
Other assets and liabilities	(413)		271
Net cash provided by (used in) operating activities	$	(270)	$	38
Investing activities
Expenditures for property, plant and equipment	$	(19)	$	(23)

Additions to capitalized software	(100)		(155)

Proceeds from divestiture, net	4		2,458
Proceeds from disposition of corporate-owned life insurance policies	—		30
Termination of trade receivable facility	—		(300)
Collections on purchased trade receivables	8		7
Sale (purchase) of intangible assets	(3)		—




Net cash provided by (used in) investing activities	$	(110)	$	2,017
Financing activities


Payments on term credit facilities	$	—	$	(200)
Payments on revolving credit facilities	(68)		(693)
Payments of senior unsecured notes	—		(1,177)

Borrowings on revolving credit facilities	68		595




Cash dividend paid for Series A preferred shares dividends	(11)		(12)
Repurchases of common stock	(69)		—
Proceeds from employee stock plans	7		10
Tax withholding payments on behalf of employees	(7)		(12)

Principal payments for finance lease obligations	(10)		(7)



Net cash provided by (used in) financing activities	$	(90)	$	(1,496)


Effect of exchange rate changes on cash, cash equivalents and restricted cash	4		(19)
Increase (decrease) in cash, cash equivalents, and restricted cash	$	(466)	$	540
Cash, cash equivalents and restricted cash at beginning of period	758		285
Cash, cash equivalents, and restricted cash at end of period	$	292	$	825

Contact:

Investor Relations:

Sarah Jane Schneider

[email protected]

Media Relations:

Chad Biele

[email protected]

1N Y S E : V Y X Q3 2025 Earnings Report November 6, 2025

2NYSE :VYX 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 financial statements for periods prior to the completion of the spin-off. Accordingly, the financial information included in this presentation and the associated remarks has been recast to reflect the treatment of NCR Atleos as discontinued operations. However, certain costs historically allocated to NCR Atleos do not meet the definition of expenses related to discontinued operations for purposes of GAAP requirements regarding the reporting of discontinued operations. These costs have been included in NCR Voyix’s results from continuing operations, even though NCR Voyix is not expected to incur any additional such costs following completion of the spin-off, and primarily include costs of services and selling, general and administrative expenses. In addition, NCR Voyix was not able to cease all NCR Atleos-related operations in all foreign countries simultaneously with the spin-off. As a result, some of these transfers occurred during the fourth quarter of fiscal 2023 and the first and second quarters of fiscal 2024 and the first quarter of 2025. As of March 31, 2025, all historical results have been presented as discontinued operations and financial results for prior periods have been recast for discontinued operations. Each of these transfers from continuing operations impacted NCR Voyix’s segment and consolidated results as we retrospectively recasted historical financial information for additional operations that became categorized as discontinued operations. As a result of discontinued operations treatment and post-2023 transfers, NCR Voyix’s GAAP and non-GAAP combined segment results, segment results and consolidated results in this release may not be comparable with results and estimates previously reported. SALE OF DIGITAL BANKING. On September 30, 2024, NCR Voyix completed the sale of its Digital Banking segment businesses pursuant to a definitive purchase agreement with an affiliate of The Veritas Capital Fund VIII, L.P. ("Buyer"), dated as of August 6, 2024. The purchase price for the transaction was $2.45 billion in cash, subject to a post-closing adjustment, as well as contingent consideration of up to an additional $100 million in cash upon the achievement of a specified return on the Buyer's invested capital at the time of any future sale. The accounting requirements for reporting the Digital Banking Sale as a discontinued operation were met when the definitive agreement was signed. Accordingly, the financial results for Digital Banking for historic periods have been presented as net income (loss) from discontinued operations, net of tax in our financial statements. Notes to Investors

3NYSE :VYX 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, including selected measures such as adjusted EBITDA, adjusted EBITDA margin, adjusted free cash flow-unrestricted, non-GAAP diluted earnings per share, net debt, and adjusted net leverage ratio. These measures are included to provide additional useful information regarding the Company’s financial results and are not a substitute for their comparable GAAP measures. NCR Voyix’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 not be considered as substitutes for, or superior to, results determined in accordance with GAAP. Explanations of these non-GAAP measures, as well as a statement of usefulness and purpose of each such measure are included in the appendix of this presentation. These presentation materials and the associated remarks made during this presentation are integrally related and are intended to be presented and understood together. GUIDANCE INFORMATION. The Company’s 2025 outlook assumes gross hardware recognition for the full-year 2025. The Company's outlook considers the current estimated impact for the trade tariffs that have been imposed or announced by the U.S. government as well as the offsetting mitigations the Company is undertaking as a result. With respect to our Adjusted EBITDA outlook for full year for our anticipated Adjusted EBITDA and our adjusted free cash flow-unrestricted, we do not provide a reconciliation of the respective GAAP measures because we are not able to predict with reasonable certainty the reconciling items that may affect GAAP net income from continuing operations and GAAP cash flow provided by (used in) from operating activities without unreasonable effort. The reconciling items are primarily the future impact of special tax items, capital structure transactions, restructuring, pension mark-to-market transactions, acquisitions or divestitures, or other events. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, the GAAP measures. The Company also believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors.

4NYSE :VYX 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,” “anticipate,” “outlook,” “guidance,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” or words of similar meaning. NCR Voyix Corporation (“NCR Voyix” or the “Company”) intends for these forward-looking statements to be covered by the safe harbor provisions for forward- looking statements contained in the Act. Statements that describe or relate to the Company’s plans, targets, goals, intentions, strategies, prospects, or financial outlook, including modeling considerations, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding: our expectations regarding our fiscal 2025 performance outlook, our capital allocation plans and priorities, the impact of tariffs and changes in global trade and the Company's ability to mitigate any such impact, and our expectations regarding other strategic initiatives and our growth strategies. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that could cause the Company’s actual results to differ materially include, among others, the following: our ability to successfully execute our growth strategy; our ability to successfully develop new solutions that achieve market acceptance and keep pace with technological developments; our ability to maintain a consistently high level of customer service; our ability to achieve some or all of the expected benefits of our cost reduction initiatives; the success of our strategic relationships with third parties and our ability to integrate with third-party applications and software; the failure of our acquisitions, divestitures and other strategic transactions or future acquisitions to produce anticipated results; our ability to realize the anticipated cost savings or other benefits related to the Hardware Business Transition on a timely basis or at all; our ability to perform under our agreements with NCR Atleos; potential indemnification obligations to NCR Atleos or a refusal of NCR Atleos to indemnify us pursuant to agreements executed in the spin-off; our ability to protect our systems and data from cybersecurity threats or other technological risks; risks related to tariffs, sanctions and trade barriers, and the related impact on macroeconomic conditions; the availability or applicability of tariff and duty exemptions to our products; risks related to evolving global laws and regulations relating to data privacy, data protection and information security; our ability to protect our intellectual property; extensive competition in our markets; disruptions in our data center hosting and public cloud facilities; risks related to defects, errors, installation difficulties or development delays; the failure of our artificial intelligence capabilities to operate as anticipated; changes in U.S. or foreign trade policies; our ability to maintain and update our information technology systems; our ability to retain key employees, or to recruit, develop and retain qualified employees; the inability of third party suppliers to fulfill our needs; risks related to our level or indebtedness; our ability to continue to access or renew financing sources and obtain capital; our failure to maintain effective internal control over financial reporting; and other factors identified in “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission, which are available at https://www.sec.gov. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this presentation. Notes to Investors

5NYSE :VYX Q3 2025 Results $ in Millions except EPS +12% platform sites +3% payment sites +5% ARR Diluted EPS $(0.14) $0.31 Diluted EPS Non-GAAP Diluted EPS 255+ new customers Revenue $244 $240 $272 $264 $192 $180 Software Services Hardware 3Q24 3Q25 Adjusted EBITDA (Margin %) $95 $125 3Q24 3Q25 Recurring vs. Non-Recurring Revenue $405 $425 $303 $259 Recurring Non-Recurring 3Q24 3Q25 18.3% 13.4% +5% Recurring +32% Adj. EBITDA

6NYSE :VYX Q3 2025 - Restaurants Revenue $87 $86 $75 $72 $49 $52 Software Services Hardware 3Q24 3Q25 Adjusted EBITDA (Margin %) $66 $74 3Q24 3Q25 Recurring vs. Non- Recurring Revenue $137 $146 $74 $64 Recurring Non-Recurring 3Q24 3Q25 35.2%31.3% +6% platform sites +2% payment sites +7% ARR 225+ new customers $ in Millions +7% Recurring

7NYSE :VYX Q3 2025 - Retail Revenue $153 $151 $193 $191 $141 $125 Software Services Hardware 3Q24 3Q25 Recurring vs. Non- Recurring Revenue $266 $276 $221 $191 Recurring Non-Recurring 3Q24 3Q25 17.6% 22.1% Adjusted EBITDA (Margin %) $108 $90 3Q24 3Q25 19.3% 22.2% $ in Millions +16% platform sites +9% payment sites +4% ARR 30+ new customers +4% Recurring

8NYSE :VYX Cash and Debt Information For a definition of non-GAAP metrics and a reconciliation of GAAP to non-GAAP financial metrics, see Appendix. 1 Amount reflects the Company's Adjusted EBITDA for the last 12 months. 2 Adjusted Net Leverage is calculated as net debt divided by the Company's Adjusted EBITDA for the last 12 months. 3 Capital expenditures for 3Q25 and YTD 2025 include accelerated product investments of $3 million and $9 million, respectively. Debt Term Structure $650 $403 $52 Debt Maturity 2028 2029 2030 $— $250 $500 $750 Weighted Avg Rate: 5.06% Fixed Rate Debt: 100% Avg Maturity: 3.3 years Leverage and Cash Flow 09/30/2025 Total Debt $1,105 Cash and cash equivalents (282) Net Debt $823 LTM Adj. EBITDA1 $406 Adjusted Net Leverage Ratio2 2.0x 3Q25 Cash Flows Provided By (Used In) Operations (GAAP) $14 3Q25 Adjusted Free Cash Flow - Unrestricted (non-GAAP) $19 3Q25 Adjusted Free Cash Flow - Unrestricted Before Restructuring Costs (non-GAAP) $42 Capital Expenditures3 • $38M of capital expenditures in 3Q25 • $119M of capital expenditures YTD25 • ~$160M of capital expenditures projected for FY25 $ in Millions

9NYSE :VYX $ in millions (except EPS) Previous Updated Total Revenue $2,575 - $2,650 $2,650 - $2,670 Software and Services Revenue $1,995 - $2,020 $1,980 - $1,990 Hardware Revenue $580 - $630 $670 - $680 Adjusted EBITDA $420 - $445 $420 - $435 Non-GAAP Diluted EPS2 $0.75 - $0.80 $0.85 - $0.90 Adjusted Free Cash Flow- unrestricted3 $170 - $190 $170 - $175 FY 2025 Performance Outlook1 With respect to our outlook for full year 2025 for our Adjusted EBITDA and Adjusted Free Cash Flow-Unrestricted, we do not provide a reconciliation of the GAAP measure because we are not able to predict with reasonable certainty the reconciling items that may affect the GAAP net income from continuing operations and GAAP cash flow provided by (used in) operating activities without unreasonable effort. The reconciling items are primarily the future impact of special tax items, capital structure transactions, restructuring, pension mark-to-market transactions, acquisitions or divestitures, or other events. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, the GAAP measures. The Company also believes such reconciliations would imply a degree of precision that could be confusing or misleading to investors. 1 The Company’s 2025 outlook assumes gross hardware recognition for the full-year 2025. At this time, the Company's outlook considers the current estimated impact for the trade tariffs that have been imposed or announced by the U.S. government as well as the offsetting mitigations the Company is undertaking as a result. 2 Non-GAAP Diluted EPS assumes an effective tax rate of 20% and full-year average diluted shares of 157 million inclusive of as-if converted preferred shares and dilutive options and RSU awards. 3 Adjusted Free Cash Flow-unrestricted excludes restructuring, transformation and strategic initiatives cash expenditures, environmental net cash, cash outflow related to accelerated capex projects, and $284 million of cash taxes related to the sale of Digital Banking.

10N Y S E : V Y X Appendix

11NYSE :VYX Revenue $736 $709 $796 $773 $608 $485 Software Services Hardware YTD 2024 YTD 2025 YTD 2025 Results $ in Millions except EPS Diluted EPS $(0.34) $0.59 Diluted EPS Non-GAAP Diluted EPS Adjusted EBITDA (Margin %) $237 $295 YTD 2024 YTD 2025 Recurring vs. Non-Recurring Revenue $1,211 $1,254 $929 $713 Recurring Non-Recurring YTD 2024 YTD 2025 11.1% 15.0% +4% Recurring +20% Adj. EBITDA +12% platform sites +3% payment sites +5% ARR ~730 new customers

12NYSE :VYX YTD 2025 - Restaurants Revenue $262 $261 $211 $205 $141 $140 Software Services Hardware YTD 2024 YTD 2025 Adjusted EBITDA (Margin %) $183 $201 YTD 2024 YTD 2025 Recurring vs. Non- Recurring Revenue $414 $427 $200 $179 Recurring Non-Recurring YTD 2024 YTD 2025 33.2%29.8% +6% platform sites +2% payment sites +7% ARR 600+ new customers $ in Millions

13NYSE :VYX YTD 2025 - Retail Revenue $463 $438 $568 $562 $464 $341 Software Services Hardware YTD 2024 YTD 2025 Recurring vs. Non- Recurring Revenue $785 $818 $710 $523 Recurring Non-Recurring YTD 2024 YTD 2025 Adjusted EBITDA (Margin %) $281 $236 YTD 2024 YTD 2025 17.6% 18.8% $ in Millions +16% platform sites +9% payment sites +4% ARR 110+ new customers

14NYSE :VYX 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 information regarding NCR Voyix’s financial results and are not a substitute for their comparable GAAP measures. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) NCR Voyix determines Adjusted EBITDA for a given period based on its GAAP net income from continuing operations attributable to NCR Voyix plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization (excluding acquisition-related amortization of intangibles); plus stock-based compensation expense; plus pension mark-to-market adjustments and other special items, including amortization of acquisition-related intangibles, acquisition- related costs, loss (gain) on disposal of businesses, loss (gain) on extinguishment of debt, separation-related costs, cyber ransomware incident recovery costs (net of insurance recoveries), fraudulent ACH disbursements costs net of recoveries, foreign currency devaluation, transformation and restructuring charges (which includes integration, severance and other exit and disposal costs), strategic initiative costs and litigation costs, among others. Separation-related costs include costs incurred as a result of the spin-off. The historical financial information and any forecasted financial information included in this presentation were determined based on the Retail and Restaurants segment results including an estimate of corporate costs, perimeter adjustments as well as the impact from commercial agreements between NCR Voyix and NCR Atleos. The actual historical results may differ from the periods presented based on the GAAP requirements for reporting discontinued operations. NCR Voyix uses Adjusted EBITDA to evaluate and measure the ongoing performance of its business segments. NCR Voyix also uses Adjusted EBITDA to manage and determine the effectiveness of its business managers and as a basis for incentive compensation. NCR Voyix believes that Adjusted EBITDA provides useful information to investors because it is an indicator of the strength and performance of the Company’s ongoing business operations, including its ability to fund discretionary spending such as capital expenditures, strategic acquisitions, and other investments, and excludes certain items whose fluctuation from period to period do not necessarily correspond to changes in the operations of our business segments. In addition, we believe Adjusted EBITDA is useful to investors because it and similar measures are commonly used by industry analysts, investors, and lenders to assess the financial performance of companies in our industry. Adjusted EBITDA margin is calculated based on Adjusted EBITDA as a percentage of total revenue. Non-GAAP Measures

15NYSE :VYX Adjusted Free Cash Flow-Unrestricted: NCR Voyix management uses the non-GAAP measure called “adjusted free cash flow-unrestricted” to assess the financial performance of the Company. We define adjusted free cash flow-unrestricted as net cash provided by (used in) operating activities less capital expenditures for property, plant and equipment, less additions to capitalized software, plus/minus collections of previously sold trade receivables purchased from third parties, restricted cash settlement activity, cash activity related to acceleration projects, cash taxes paid for the Digital Banking Sale, cash activity related to environmental discontinued operations plus acquisition-related items, and plus pension contributions and settlements. We believe adjusted free cash flow- unrestricted provides useful information to investors because it relates the operating cash flows from the Company’s continuing and discontinued operations to the capital that is spent to continue and improve business operations. In particular, adjusted free cash flow-unrestricted indicates the amount of cash available after capital expenditures for, among other things, investments in the Company’s existing businesses, strategic acquisitions, and repayment of debt obligations. Free cash flow does not represent the residual cash flow available for discretionary expenditures, since there may be other non-discretionary expenditures that are not deducted from the measure. Adjusted free cash flow-unrestricted does not have uniform definitions under GAAP, and therefore the Company’s definitions may differ from other companies’ definitions of these measures. Net Debt and Adjusted Net Leverage Ratio: NCR Voyix management uses non-GAAP measures called "net debt" and "adjusted net leverage ratio" to assess the financial performance of the Company. We define net debt as total debt minus cash and cash equivalents. NCR Voyix's management considers net debt to be an important measure of liquidity and an indicator of our ability to meet ongoing obligations. Adjusted net leverage ratio is calculated as net debt divided by the 2025 Adjusted EBITDA for the last 12 months. NCR Voyix's management considers adjusted net leverage ratio to be an important indicator of the Company’s indebtedness in relation to its operating performance. The Company’s definition of net debt and net leverage ratio may differ from other companies’ definitions of each measure, and each measure should not be considered a substitute for, or superior to, comparable GAAP metrics. Non-GAAP Diluted EPS and Non-GAAP income (loss) from continuing operations (attributable to NCR Voyix): The Company determines Non-GAAP Diluted EPS and Non-GAAP income (loss) from continuing operations (attributable to NCR Voyix) by excluding, as applicable, pension mark-to-market adjustments, pension settlements, pension curtailments and pension special termination benefits, as well as other special items, including amortization of acquisition related intangibles, stock-based compensation expense, separation-related costs, cyber ransomware incident recovery costs, fraudulent ACH disbursements costs, strategic initiative costs, foreign currency devaluation costs, gains or losses related to the disposal of businesses, litigation costs and transformation and restructuring activities, from the Company’s GAAP earnings per share and income (loss) from continuing operations (attributable to NCR Voyix), respectively. Due to the non-operational nature of these pension and other special items, the Company’s management uses these non-GAAP measures to evaluate year-over-year operating performance. The Company believes this measure is useful for investors because it provides a more complete understanding of the Company’s underlying operational performance, as well as consistency and comparability with the Company’s past reports of financial results. Non-GAAP Measures

16NYSE :VYX 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 not be considered as substitutes for, or superior to, results determined in accordance with GAAP. With respect to our 2025 performance outlook for Adjusted EBITDA, Non-GAAP diluted EPS and Adjusted Free Cash Flow-unrestricted, we are not providing a reconciliation to GAAP net income or Cash flows from Operating Activities because we are not able to predict with reasonable certainty the reconciling items that may affect the GAAP net income from continuing operations or Cash flows from Operating Activities without unreasonable effort. For additional information, refer to Slide 3. USE OF CERTAIN TERMS. As used in these materials: The term “recurring revenue” includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, cloud revenue, payment processing revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. The Company believes this metric may be useful to investors in evaluating the achievement of strategic goals related to the conversion of the Retail and Restaurant businesses to recurring revenue streams over time. The term “annual recurring revenue” or “ARR” is recurring revenue, excluding software licenses (SWL) sold as a subscription, for the last three months times four. In addition, plus the rolling four quarters of term-based SWL arrangements that include customer termination rights. The term "Software ARR" includes recurring software license revenue, software maintenance revenue, SaaS revenue, standalone hosted contract revenue, professional services recurring revenue and payments revenue. The term “Software & Services Revenue” includes all software, services and payments revenue and excludes hardware revenue. The term “platform sites” includes all sites for which we bill for use of our Commerce platform. The term “payment sites” includes all sites which utilizes NCR Voyix’s payment processing capabilities. Non-GAAP Measures

17NYSE :VYX Reconciliation of GAAP to Non-GAAP Financials Normalized Software & Services Revenue: Normalized for comparisons for commercial agreements $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 Reported Revenue $684 $708 $1,967 $2,140 $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 Reported Software & Services Revenue $504 $516 $1,482 $1,532 Less: Commercial agreements with NCR Atleos — — — 10 Normalized Software & services revenue, excluding commercial agreements $504 $516 $1,482 $1,522 $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 Reported Services Revenue $264 $272 $773 $796 Less: Commercial agreements with NCR Atleos — — — 9 Normalized Services revenue, excluding commercial agreements $264 $272 $773 $787

18NYSE :VYX Reconciliation of GAAP to Non-GAAP Financials $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 LTM 2025 Net Income (Loss) from Continuing Operations Attributable to NCR Voyix (GAAP) $ (17) $ (29) $ (36) $ (190) $ (47) Depreciation and amortization (excluding acquisition-related amortization of intangibles) 48 53 149 153 202 Acquisition-related amortization of intangibles 6 7 18 22 24 Interest expense 15 40 44 120 58 Interest income — (2) (7) (5) (11) Loss (gain) on debt extinguishment — (8) — (8) — Income tax expense (benefit) (6) (1) (17) 4 (17) Stock-based compensation expense 8 9 26 32 34 Pension mark-to-market adjustments — — — — (12) Transformation and restructuring costs 47 16 84 90 119 Separation costs — 1 — 9 1 Loss (gain) on disposal of businesses (2) — (2) (14) (2) Foreign currency devaluation — — — 15 — Fraudulent ACH disbursements — (2) — (4) (1) Cyber ransomware incident recovery costs — (1) — (5) (8) Strategic initiatives 4 12 14 18 44 Litigation costs 22 — 22 — 22 Adjusted EBITDA (Non-GAAP) $ 125 $ 95 $ 295 $ 237 $ 406 Adjusted EBITDA

19NYSE :VYX Reconciliation of GAAP to Non-GAAP Financials Adjusted Free Cash Flow-Unrestricted $ in millions Q3 2025 YTD 2025 Net cash provided by (used in) operating activities (GAAP) $ 14 $ (270) Expenditures for property, plant and equipment (4) (19) Additions to capitalized software (34) (100) Restricted cash settlement activity 31 28 Cash taxes paid for the Digital Banking sale — 284 Pension contributions 1 15 Collections on purchased trade receivables 2 8 Cash activity related to environmental discontinued operations 6 17 Acceleration projects 3 10 Adjusted free cash flow-unrestricted (non-GAAP) $ 19 $ (27) Restructuring costs 23 80 Adjusted free cash flow-unrestricted before restructuring costs (non-GAAP) $ 42 $ 53

20NYSE :VYX Reconciliation of GAAP to Non-GAAP Financials $ in millions (except EPS) Q3 2025 GAAP Q3 2025 Non-GAAP2 Q3 2024 GAAP Q3 2024 Non-GAAP2 Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $ (17) $ 49 $ (29) $ 2 Dividends on convertible preferred shares (3) — (4) — Income (loss) from continuing operations attributable to NCR Voyix common stockholders $ (20) $ 49 $ (33) $ 2 Weighted average outstanding shares: Weighted average diluted shares outstanding 138.2 141.2 145.4 148.6 Weighted as-if converted preferred shares — 15.9 — 15.9 Total shares used in diluted earnings per share 138.2 157.1 145.4 164.5 Diluted earnings per share from continuing operations(1) $ (0.14) $ 0.31 $ (0.23) $ 0.01 1 GAAP EPS is determined using the most dilutive measure, either including the impact of the dividends or deemed dividends on NCR Voyix's Series A Convertible Preferred Shares in the calculation of net income or loss available to common stockholders or including the impact of the conversion of such preferred stock into common stock in the calculation of the weighted average diluted shares outstanding. Non-GAAP diluted EPS is always determined using the as-if converted preferred shares and shares that would be issued for stock compensation awards. Therefore, GAAP diluted EPS and non-GAAP diluted EPS may be calculated using different methods, and may not mathematically reconcile. 2 Refer to slide 22 for a reconciliation of Non-GAAP Income (loss) from continuing operations (attributable to NCR Voyix).

21NYSE :VYX Reconciliation of GAAP to Non-GAAP Financials $ in millions (except EPS) 2025 YTD GAAP 2025 YTD Non-GAAP2 2024 YTD GAAP 2024 YTD Non-GAAP2 Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $ (36) $ 92 $ (190) $ (54) Dividends on convertible preferred shares (11) — (12) — Income (loss) from continuing operations attributable to NCR Voyix common stockholders $ (47) $ 92 $ (202) $ (54) Weighted average outstanding shares: Weighted average diluted shares outstanding 138.6 141.1 144.6 147.6 Weighted as-if converted preferred shares — 15.9 — 15.9 Total shares used in diluted earnings per share 138.6 157.0 144.6 163.5 Diluted earnings per share from continuing operations(1) $ (0.34) $ 0.59 $ (1.40) $ (0.33) 1 GAAP EPS is determined using the most dilutive measure, either including the impact of the dividends or deemed dividends on NCR Voyix's Series A Convertible Preferred Shares in the calculation of net income or loss available to common stockholders or including the impact of the conversion of such preferred stock into common stock in the calculation of the weighted average diluted shares outstanding. Non-GAAP diluted EPS is always determined using the as-if converted preferred shares and shares that would be issued for stock compensation awards. Therefore, GAAP diluted EPS and non-GAAP diluted EPS may be calculated using different methods, and may not mathematically reconcile. 2 Refer to slide 22 for a reconciliation of Non-GAAP Income (loss) from continuing operations (attributable to NCR Voyix).

22NYSE :VYX Reconciliation of GAAP to Non-GAAP Financials Income (loss) from continuing operations (attributable to NCR Voyix) $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 Income (loss) from continuing operations (attributable to NCR Voyix) $ (17) $ (29) $ (36) $ (190) Acquisition-related amortization of intangibles 5 6 15 18 Loss (gain) on debt extinguishment — (7) — (7) Stock-based compensation expense 6 9 25 32 Transformation and restructuring costs 35 14 60 76 Separation costs — 1 — 8 Loss (gain) on disposal of businesses — — — (12) Foreign currency devaluation — — — 13 Fraudulent ACH disbursements — (1) — (3) Cyber ransomware incident recovery costs — (1) — (4) Strategic initiatives 3 10 11 15 Litigation costs 17 — 17 — Non-GAAP Income (loss) from continuing operations (attributable to NCR Voyix) $ 49 $ 2 $ 92 $ (54)

23NYSE :VYX Reconciliation of GAAP to Non-GAAP Financials Net Debt and Adjusted Net Leverage Ratio $ in millions September 30, 2025 Total Debt $ 1,105 Less: Cash and cash equivalents 282 Net Debt $ 823 LTM Adjusted EBITDA $406 Adjusted Net Leverage Ratio 2.0x



Maryland						31-0387920
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	VYX	New York Stock Exchange


Exhibit No.			Description
99.1			Press Release issued by the Company, dated November 6, 2025
99.2			Supplemental materials, dated November 6, 2025
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)



NCR Voyix Corporation

By:						/s/ Brian Webb-Walsh
						Brian Webb-Walsh
						Executive Vice President and Chief Financial Officer