Filing Flows › Xylem (XYL) › Q1 2026
Xylem (XYL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Xylem (XYL) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -11% from the quarter before. Operating margin was 11.5%, net earnings $193M (9.1% of revenue).
Xylem, Q1 2026: revenue $2.1B (+3% year over year), operating margin 11.5%, net earnings $193M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -11% | +3% |
| Gross profit | $803M | -14% | +5% |
| Operating profit | $244M | -31% | +6% |
| Net earnings | $193M | -42% | +14% |
| Operating cash flow | $108M | -80% | +227% |
| Free cash flow | $18.0M | -96% | — |
What changed
Revenue was $2.1B in Q1 2026, up 3% year over year and down 11% from the previous quarter. Revenue from products was the largest line at 83% of revenue. Revenue from products added $0.05B year over year (up 3%), 86% of the total change.
Gross margin was 37.8%, up 0.7 points from Q1 2025. Operating profit was $0.24B, a 11.5% margin (up 0.3 points year over year). Of the extra revenue versus Q1 2025, 23% reached operating profit, above the 11% margin then. Operating expenses grew 4% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+48%). Net earnings were $0.19B, up 14% year over year ($0.19B including minority interests, which bore $4.0M of losses). The effective tax rate was 22.5%.
Operating cash flow was $0.11B (up 227% year over year), 57% of net income including minority interests. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.23B. Capital expenditures of $0.09B left free cash flow of $0.02B.
Questions
What was Xylem's revenue in the first quarter 2026?
Xylem (XYL) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -11% from the quarter before.
Was Xylem profitable in the first quarter 2026?
Operating profit was $244M (11.5% of revenue) and net earnings $193M.
Source: Xylem 10-Q on SEC EDGAR.