DIEBOLD NIXDORF, IncDBD
DIEBOLD NIXDORF, Inc Segments Disclosure
SEGMENT INFORMATION. The Company's reportable segment information below directly aligns with how the Chief Executive Officer, who is also chief operating decision maker (CODM), regularly reviews results to make decisions, allocate resources, and assess performance. Revenue, costs, operating expenses and operating profit (loss), as disclosed herein, is consistent with the segment information used by the CODM and does not include corporate charges, asset impairment, restructuring and other saving initiative expenses, or other non-routine, unusual or infrequently occurring items, as the CODM does not regularly review and use such financial measures to make decisions, allocate resources and assess performance.
Segment revenue and cost of sales are from sales to external customers. Segment operating profit is defined as segment gross profit less expenses directly attributable to the segments. The Company does not allocate to its segments certain operating expenses which are managed at the headquarters level; that are not used in the management of the segments, not segment-specific, and impractical to allocate. Segment operating profit reconciles to consolidated income before income taxes by deducting items that are not attributed to the segments and which are managed independently of segment results. Assets are not allocated to segments, and thus are not included in the assessment of segment performance, and consequently, we do not disclose total assets and depreciation and amortization expense by reportable operating segment. The following tables present information regarding the Company’s segment performance and provide a reconciliation between segment operating profit and the consolidated Income before taxes:
| Successor | Predecessor | |||||||||||||||||||||||||
| Year ended December 31, | Period from 08/12/2023 through 12/31/2023 | Period from 01/01/2023 through 08/11/2023 | ||||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||||
| Banking | $ | 2,797.0 | $ | 2,762.8 | $ | 1,157.6 | $ | 1,511.0 | ||||||||||||||||||
| Retail | 1,008.7 | 988.3 | 469.3 | 610.0 | ||||||||||||||||||||||
Held for sale non-core European retail business (7) | — | — | 1.7 | 10.9 | ||||||||||||||||||||||
| Total net sales by segment | $ | 3,805.7 | $ | 3,751.1 | $ | 1,628.6 | $ | 2,131.9 | ||||||||||||||||||
| Banking | $ | 2,040.3 | $ | 2,058.3 | $ | 858.5 | $ | 1,149.5 | ||||||||||||||||||
| Retail | 762.0 | 744.5 | 347.2 | 462.4 | ||||||||||||||||||||||
| Total segment cost of sales | $ | 2,802.3 | $ | 2,802.8 | $ | 1,205.7 | $ | 1,611.9 | ||||||||||||||||||
| Banking | $ | 756.7 | $ | 704.5 | $ | 299.1 | $ | 361.5 | ||||||||||||||||||
| Retail | 246.7 | 243.8 | 123.8 | 158.5 | ||||||||||||||||||||||
| Total segment gross profit | $ | 1,003.4 | $ | 948.3 | $ | 422.9 | $ | 520.0 | ||||||||||||||||||
| Banking | $ | 250.1 | $ | 253.8 | $ | 143.8 | $ | 149.9 | ||||||||||||||||||
| Retail | 121.8 | 121.9 | 65.2 | 72.3 | ||||||||||||||||||||||
| Total segment SG&A and other operating expenses | $ | 371.9 | $ | 375.7 | $ | 209.0 | $ | 222.2 | ||||||||||||||||||
| Banking | $ | 506.6 | $ | 450.7 | $ | 155.3 | $ | 211.6 | ||||||||||||||||||
| Retail | 124.9 | 121.9 | 58.6 | 86.2 | ||||||||||||||||||||||
| Total segment operating profit | $ | 631.5 | $ | 572.6 | $ | 213.9 | $ | 297.8 | ||||||||||||||||||
Corporate charges not allocated to segments (1) | $ | (295.1) | $ | (265.4) | $ | (86.3) | $ | (159.8) | ||||||||||||||||||
Restructuring and other saving initiative expenses (2) | (94.3) | (106.1) | (23.1) | (38.4) | ||||||||||||||||||||||
Refinancing related costs (3) | — | (15.8) | (5.1) | (44.7) | ||||||||||||||||||||||
Impairment of assets (4) | — | (1.9) | (1.2) | (3.3) | ||||||||||||||||||||||
Net non-routine expense (5) | (0.1) | (1.3) | (4.8) | (7.4) | ||||||||||||||||||||||
Amortization of fair value assets (6) | — | — | — | (41.8) | ||||||||||||||||||||||
Held for sale non-core European retail business (7) | — | — | (1.0) | (7.9) | ||||||||||||||||||||||
| (389.5) | (390.5) | (121.5) | (303.3) | |||||||||||||||||||||||
| Operating profit (loss) | 242.0 | 182.1 | 92.4 | (5.5) | ||||||||||||||||||||||
| Other income (expense) | (116.9) | (134.8) | (96.9) | 1,458.3 | ||||||||||||||||||||||
| Income (loss) before taxes | $ | 125.1 | $ | 47.3 | $ | (4.5) | $ | 1,452.8 | ||||||||||||||||||
(1) Corporate charges not allocated to segments include headquarter-based costs associated primarily with human resources, finance, IT and legal that are not directly attributable to a particular segment and are separately assessed by the CODM for purposes of making decisions.
(2) Refer to Note 10 for further information regarding restructurings. Consistent with the historical reportable segment structure, restructuring and saving initiative costs are not assigned to the segments, and are separately analyzed by the CODM.
(3) Refinancing related costs are fees earned by our advisors that have been accounted for as period expense.
(4) Impairment in the 2024 Successor Period relates to assets identified in the Middle East with a carrying value over market value, 2023 Successor Period relates to German and Indian facilities, and impairment in the 2023 Predecessor Period primarily relates to leased European facilities closures.
(5) Net non-routine income (expense) consists of items that the Company has determined are non-routine in nature and not allocated to the reportable operating segments as they are not included in the measure used by the CODM to make decisions, allocate resources and assess performance.
(6) The amortization of purchase accounting intangible assets is not included in the segment results used by the CODM to make decisions, allocate resources or assess performance.
(7) Held for sale non-core European retail business represents the revenue and operating profit of a business that had been classified as held for sale in the Predecessor period and sold in September 2023.
The following table presents information regarding the Company’s segment net sales by service and product solution:
| Successor | Predecessor | |||||||||||||||||||||||||
| Year ended December 31, | Period from 08/12/2023 through 12/31/2023 | Period from 01/01/2023 through 08/11/2023 | ||||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||||
| Services | $ | 1,608.6 | $ | 1,587.4 | $ | 626.9 | $ | 954.3 | ||||||||||||||||||
| Products | 1,188.4 | 1,175.4 | 530.7 | 556.7 | ||||||||||||||||||||||
| Total Banking | $ | 2,797.0 | $ | 2,762.8 | $ | 1,157.6 | $ | 1,511.0 | ||||||||||||||||||
| Services | $ | 560.3 | $ | 563.0 | $ | 230.4 | $ | 335.2 | ||||||||||||||||||
| Products | 448.4 | 425.3 | 238.9 | 274.8 | ||||||||||||||||||||||
| Total Retail | $ | 1,008.7 | $ | 988.3 | $ | 469.3 | $ | 610.0 | ||||||||||||||||||
| Services | $ | — | $ | — | $ | 1.1 | $ | 5.5 | ||||||||||||||||||
| Products | — | — | 0.6 | 5.4 | ||||||||||||||||||||||
Total held for sale non-core European retail business (7) | — | — | 1.7 | 10.9 | ||||||||||||||||||||||
| Total revenue | $ | 3,805.7 | $ | 3,751.1 | $ | 1,628.6 | $ | 2,131.9 | ||||||||||||||||||
The Company had no customers that accounted for more than 10% of total net sales in the Successor Periods for the years ended December 31, 2025 and 2024 and from August 12, 2023 to December 31, 2023, and the Predecessor Period from January 1, 2023 to August 11, 2023, respectively. Below is a summary of net sales by point of origin:
| Successor | Predecessor | |||||||||||||||||||||||||
| Year ended December 31, | Period from 08/12/2023 through 12/31/2023 | Period from 01/01/2023 through 08/11/2023 | ||||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||||
| United States | $ | 902.3 | $ | 945.4 | $ | 404.1 | $ | 583.9 | ||||||||||||||||||
| Other Americas | 558.3 | 706.9 | 290.0 | 380.9 | ||||||||||||||||||||||
| Total Americas Revenue | 1,460.6 | 1,652.3 | 694.1 | 964.8 | ||||||||||||||||||||||
| Germany | 724.4 | 577.2 | 248.2 | 283.9 | ||||||||||||||||||||||
| Other EMEA | 1,327.1 | 1,236.2 | 553.2 | 714.2 | ||||||||||||||||||||||
| Total EMEA Revenue | 2,051.5 | 1,813.4 | 801.4 | 998.1 | ||||||||||||||||||||||
| Total APAC Revenue | 293.6 | 285.4 | 133.1 | 169.0 | ||||||||||||||||||||||
| Total Revenue | $ | 3,805.7 | $ | 3,751.1 | $ | 1,628.6 | $ | 2,131.9 | ||||||||||||||||||
Below is a summary of property, plant and equipment, net and right-of-use operating lease assets by geographical location as of December 31:
| 2025 | 2024 | ||||||||||
| United States | $ | 89.6 | $ | 71.8 | |||||||
| Germany | 87.3 | 78.3 | |||||||||
| Other international | 109.1 | 96.1 | |||||||||
| Total property, plant and equipment, net and operating leases | $ | 286.0 | $ | 246.2 | |||||||
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.