Filing Flows › Xylem (XYL) › Q2 2026 › vs Q2 2025
Xylem (XYL) Q2 2026 vs Q2 2025 (year over year)
Xylem's revenue rose $35.0M (+2%) from $2.3B in Q2 2025 to $2.3B in Q2 2026. The biggest changes: Revenue from products +$42.0M (+2%); Revenue from services −$7.0M (-2%). Gross margin 41.2% against 38.8% (+2.5 pts).
Xylem, Q2 2026: revenue $2.3B (+2% year over year), operating margin 16.7%, net earnings $263M, operating cash flow $290M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.2% | 38.8% | +2.5 pts |
| Operating margin | 16.7% | 13.3% | +3.4 pts |
| Net margin | 11.3% | 9.8% | +1.4 pts |
| Free cash flow margin | 8.6% | 9.0% | -0.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue from products | $2.0B | $1.9B | $42.0M | +2% |
| Revenue from services | $383M | $390M | −$7.0M | -2% |
| Revenue | $2.3B | $2.3B | $35.0M | +2% |
| Gross profit | $963M | $892M | $71.0M | +8% |
| Cost of revenue | $1.4B | $1.4B | −$36.0M | -3% |
| Operating profit | $390M | $305M | $85.0M | +28% |
| Operating expenses | $573M | $587M | −$14.0M | -2% |
| Pre-tax earnings | $364M | $299M | $65.0M | +22% |
| Other expense, net | $26.0M | $6.0M | $20.0M | +333% |
| Research & development | $59.0M | $58.0M | $1.0M | +2% |
| SG&A | $503M | $503M | $0 | 0% |
| Other operating costs | $11.0M | $26.0M | −$15.0M | -58% |
| Loss borne by minority interests | $2.0M | $2.0M | $0 | 0% |
| Net earnings | $263M | $226M | $37.0M | +16% |
| Income tax | $103M | $75.0M | $28.0M | +37% |
| Depreciation & amortization | $140M | $145M | −$5.0M | -3% |
| Share-based compensation | $12.0M | $13.0M | −$1.0M | -8% |
| Working capital & other | $125M | $79.0M | $46.0M | +58% |
| Operating cash flow | $290M | $305M | −$15.0M | -5% |
| Free cash flow (OCF − capex) | $201M | $207M | −$6.0M | -3% |
| Capital expenditures | $89.0M | $98.0M | −$9.0M | -9% |
Questions
How much did Xylem's revenue grow year over year in Q2 2026?
Xylem's revenue rose $35.0M (+2%) from $2.3B in Q2 2025 to $2.3B in Q2 2026.
What drove Xylem's revenue change in Q2 2026?
Revenue from products +$42.0M (+2%); Revenue from services −$7.0M (-2%).