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Xylem (XYL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Xylem (XYL) Q3 2026 earnings results →

Q3 2026 Revenue down 3% year over year to $2.2B · 13¢ of every $1 of revenue kept as net profit · operating margin 17.5%

Xylem made $2.2B in Q3 2026 (-3% Y/Y): Product $1.8B, Service $394M. Operating margin 17.5%, net earnings $291M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.

Revenue$2.2B
Year over year-3%
Operating margin17.5%
Net earnings$291M
Operating cash flow$331M

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Xylem Q3 2026 revenue breakdown: Sankey diagram of revenue (Product, Service), costs, profit and cash flow
Xylem Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.2B in Q3 2026, down 3% year over year and down 6% from the previous quarter. Product was the largest line at 82% of revenue. Product lost $0.06B year over year (down 3%), 90% of the total change.

Gross margin was 41.2%, up 2.3 points from Q3 2025. Operating profit was $0.39B, a 17.5% margin (up 2.8 points year over year). Operating expenses fell 5% while revenue fell 3%. Net earnings were $0.29B, up 28% year over year ($0.29B including minority interests, which bore $3.0M of losses). The effective tax rate was 21.1%.

Operating cash flow was $0.33B (down 8% year over year), 115% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.09B left free cash flow of $0.24B.

Quarterly history

Xylem revenue by quarterXylem revenue by quarter$2.1BQ1 2025$2.3BQ2 2025$2.3BQ3 2025$2.4BQ4 2025$2.1BQ1 2026$2.3BQ2 2026$2.2BQ3 2026
Xylem net earnings by quarterXylem net earnings by quarter$167MQ1 2025$224MQ2 2025$226MQ3 2025$333MQ4 2025$193MQ1 2026$263MQ2 2026$291MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 27, 2026$2.2B-3%17.5%$291M$331M
Q2 202610-QJul 28, 2026$2.3B+2%16.7%$263M$290M
Q1 202610-QApr 28, 2026$2.1B+3%11.5%$193M$108M
Q4 202510-KFeb 25, 2026$2.4B+6%14.7%$333M$543M
Q3 202510-QOct 28, 2025$2.3B+8%14.7%$226M$360M
Q2 202510-QJul 31, 2025$2.3B+6%13.3%$224M$305M
Q1 202510-QApr 29, 2025$2.1B+2%11.2%$167M$33.0M

Charts

Xylem: revenue growth, year over year and quarter over quarterXylem: revenue growth, year over year and quarter over quarterY/YQ/Q+2%Q1 2025+6%+11%Q2 2025+8%-1%Q3 2025+6%+6%Q4 2025+3%-11%Q1 2026+2%+10%Q2 2026-3%-6%Q3 2026
Latest (Q3 2026): Y/Y -3%, Q/Q -6%.
Xylem: where the cash came from (+) and went (−), TTM to Q3 2026Xylem: where the cash came from (+) and went (−), TTM to Q3 2026Buybacks−$1.6BOperating cash flow$1.3BNet borrowing (+) / repaid (−)$957MCash drawn (+) / kept (−)$483MAcquisitions−$475MDividends−$405MCapital spending−$351MAsset & business sales$110MOther financing−$37.0MOther investing$20.0MExchange rates−$16.0MShares issued$12.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Xylem: profit against cash, quarter by quarterXylem: profit against cash, quarter by quarterNet incomeOperating cash flow$326M$575MQ4 2024$167M$33.0MQ1 2025$224M$305MQ2 2025$226M$360MQ3 2025$333M$543MQ4 2025$189M$108MQ1 2026$261M$290MQ2 2026$288M$331MQ3 2026
Latest (Q3 2026): Net income $288M, Operating cash flow $331M.
Xylem: diluted shares by fiscal yearXylem: diluted shares by fiscal year181MFY2020182MFY2021181MFY2022218MFY2023244MFY2024244MFY2025
+34.7% since FY2020: more shares outstanding (issuance, stock pay).
Xylem: long-term debt falling due (FY2025)Xylem: long-term debt falling due (FY2025)$534M2026$11.0M2027$508M2028$1.0M2029$900MLater
Cash $1.5B, short-term investments —, long-term debt $2.0B at 2025-12-31.
Xylem in its industry: growth against margin (6 companies, SIC 3561)Xylem in its industry: growth against margin (6 companies, SIC 3561)revenue growth, year over year →↑ operating marginmedian +8%median 18%ITTIEXGGGGRCAPXYL (-3%, 18%)
Pumps & Pumping Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Xylem

Xylem is a leading global water technology company with 2025 revenues of $9.0 billion and approximately 22,000 employees worldwide. We design, manufacture and service engineered products and solutions across a wide variety of critical applications, primarily in the water sector. Our broad portfolio of products, services and solutions addresses customer needs of scarcity, resilience, quality, and affordability across the water cycle, from the delivery, treatment, measurement and use of drinking water, to the collection, testing, analysis and treatment of wastewater, to the return of water to the environment.

In its own words, from its 10-K, filed Feb 25, 2026.

Xylem against its Pumps & Pumping Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +8%. Operating margin: 17.5% against the peers' median 17.5%.

CompanyQuarterRevenueY/YOp. margin
XYL XylemQ3 2026$2.2B-3%17.5%
ITT ITTQ3 2026$1.4B+44%15.7%
IEX IDEXQ3 2026$952M+8%21.9%
GGG GracoQ3 2026$586M+8%25.3%
GRC Gorman RuppQ3 2026$193M+12%17.5%
AP Ampco PittsburghQ2 2026$103M-9%4.9%

Source: Xylem 10-Q on SEC EDGAR · CIK 1524472 · Pumps & Pumping Equipment

Guidance and outlook

Xylem Revenue: guidance against what was reportedXylem Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$8.6BFY2025$9.0BFY2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns XYL and who is buying

Largest holders of XYL (13F)Largest holders of XYL (13F)Vanguard Group$4.1BBlackRock$3.0BVanguard Capital Management LLC$1.8BVanguard Portfolio Management LLC$1.5BState Street$1.4BGeode Capital Management, LLC$747MInvesco$603MBank of New York Mellon$552MRoyal Bank of Canada$544MImpax Asset Management Group$528M
Funds' net buying of XYL by quarter (13F)Funds' net buying of XYL by quarter (13F)−$85.9M2024-09$358M2024-12$58.2M2025-03−$264M2025-06−$711M2025-09$6.9B2025-12−$6.0B2026-03−$147M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on XYL

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：Xylem（XYL）财报

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