On September 22, 2025, Xerox Holdings Corp. (XRX) was officially removed from the S&P SmallCap 600 Index as part of the index’s quarterly rebalancing. The decision, announced on September 5, 2025, reflects the company’s declining market position, with Xerox’s market capitalization at the time hovering around $482 million. The S&P SmallCap 600 tracks U.S. companies with smaller market caps and is reviewed quarterly to ensure it accurately represents the small-cap segment of the U.S. equity market. Companies can be removed for reasons like mergers, acquisitions, or failing to meet eligibility criteria, such as market cap and earnings. Being removed from the SmallCap 600 can trigger forced selling by index-tracking funds and may further undermine investor confidence. The company’s future now hinges on its ability to reinvent itself in the face of growing competition and ongoing restructuring efforts.
