Financials · XYL

Xylem Inc. (XYL) financials

For the twelve months ended Sep 30, 2026, Xylem Inc. reported $9.06B of revenue and $1.08B of net income.

Revenue, TTM
$9.06B
Revenue growth, YoY
+1.9%
Net income, TTM
$1.08B
Net income growth, YoY
+14.1%
Net margin
11.9%
Free cash flow, TTM
$921.00M
EPS, diluted, TTM
$4.52
EPS growth, YoY
+16.5%
Cash
$708.00M
Total debt
$2.90B
P/E
20.74
P/S
2.48
Market cap
$22.44B
Annual revenue$9.04B
FY2016FY2025
Annual net income$957.00M
FY2016FY2025
Annual free cash flow$910.00M
FY2016FY2025

XYL revenue and earnings growth

XYL revenueQ3 2026$2.20B

Quarter YoY
-3.0%
QoQ
-5.8%
FY YoY
+5.5%
5Y CAGR
+13.1%
10Y CAGR
+9.5%

XYL revenue was $2.20B in fiscal Q3 2026 (ended Sep 30, 2026), down 3.0% from a year earlier and down 5.8% from the prior quarter. For the full fiscal 2025 it was $9.04B, up 5.5% from fiscal 2024. Compound annual growth was +13.1% over 5 years and +9.5% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

XYL net incomeQ3 2026$291.00M

Quarter YoY
+28.2%
QoQ
+10.6%
FY YoY
+7.5%
5Y CAGR
+30.4%
10Y CAGR
+10.9%

XYL net income was $291.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 28.2% from a year earlier and up 10.6% from the prior quarter. For the full fiscal 2025 it was $957.00M, up 7.5% from fiscal 2024. Compound annual growth was +30.4% over 5 years and +10.9% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

XYL EPSQ3 2026$1.25

Quarter YoY
+34.4%
QoQ
+12.6%
FY YoY
+7.4%
5Y CAGR
+22.9%
10Y CAGR
+7.7%

XYL diluted EPS was $1.25 in fiscal Q3 2026 (ended Sep 30, 2026), up 34.4% from a year earlier and up 12.6% from the prior quarter. For the full fiscal 2025 it was $3.92, up 7.4% from fiscal 2024. Compound annual growth was +22.9% over 5 years and +7.7% over 10 years.

XYL free cash flowQ3 2026$242.00M

Quarter YoY
-13.9%
QoQ
+20.4%
FY YoY
-3.4%
5Y CAGR
+7.3%
10Y CAGR
+10.1%

XYL free cash flow was $242.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 13.9% from a year earlier and up 20.4% from the prior quarter. For the full fiscal 2025 it was $910.00M, down 3.4% from fiscal 2024. Compound annual growth was +7.3% over 5 years and +10.1% over 10 years. It rose in 7 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$9.04B$8.56B$7.36B$5.52B$5.20B$4.88B$5.25B$5.21B$4.71B$3.77B
Cost of revenue$5.56B$5.35B$4.65B$3.44B$3.22B$3.05B$3.20B$3.18B$2.86B$2.31B
Gross profit$3.48B$3.21B$2.72B$2.08B$1.98B$1.83B$2.05B$2.03B$1.85B$1.46B
Research and development$226.00M$230.00M$232.00M$206.00M$204.00M$187.00M$191.00M$189.00M$181.00M$110.00M
Selling, general and admin$1.92B$1.91B$1.76B$1.23B$1.18B$1.14B$1.16B$1.16B$1.09B$914.00M
Operating income$1.22B$1.01B$652.00M$622.00M$585.00M$367.00M$486.00M$654.00M$552.00M$408.00M
Interest expense$29.00M$44.00M$49.00M$50.00M$76.00M$77.00M$67.00M$82.00M$82.00M$70.00M
Pre-tax income$1.18B$1.09B$635.00M$440.00M$511.00M$285.00M$416.00M$585.00M$466.00M$340.00M
Income tax$231.00M$197.00M$26.00M$85.00M$84.00M$31.00M$15.00M$36.00M$136.00M$80.00M
Net income$957.00M$890.00M$609.00M$355.00M$427.00M$254.00M$401.00M$549.00M$331.00M$260.00M
EPS, basic$3.93$3.67$2.81$1.97$2.37$1.41$2.23$3.05$1.84$1.45
EPS, diluted$3.92$3.65$2.79$1.96$2.35$1.40$2.21$3.03$1.83$1.45
Diluted shares244.0M243.5M218.2M181.0M181.5M181.1M181.2M181.1M180.9M180.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$1.48B$1.12B$1.02B$944.00M$1.35B$1.88B$724.00M$296.00M$414.00M$308.00M
Short-term investments------$0---
Receivables$1.76B$1.67B$1.62B$1.10B$953.00M$923.00M$1.04B$1.03B$956.00M$843.00M
Inventory$983.00M$996.00M$1.02B$799.00M$700.00M$558.00M$539.00M$595.00M$524.00M$522.00M
Current assets$4.64B$4.10B$3.88B$3.01B$3.16B$3.52B$2.45B$2.09B$2.07B$1.84B
Goodwill$8.33B$7.98B$7.59B$2.72B$2.79B$2.85B$2.84B$2.98B$2.77B$2.63B
Total assets$17.63B$16.49B$16.11B$7.95B$8.28B$8.75B$7.71B$7.22B$6.86B$6.47B
Current liabilities$2.86B$2.34B$2.21B$1.59B$1.39B$1.96B$1.50B$1.39B$1.10B$1.24B
Short-term debt$534.00M$38.00M$16.00M$0$0$600.00M$276.00M$257.00M$0$260.00M
Long-term debt$1.41B$1.98B$2.27B$1.88B$2.44B$2.48B$2.04B$2.05B$2.20B$2.11B
Total debt$1.94B$2.02B$2.28B$1.88B$2.44B$3.08B$2.32B$2.31B$2.20B$2.37B
Total liabilities$5.88B$5.61B$5.94B$4.45B$5.05B$5.77B$4.74B$4.44B$4.34B$4.27B
Shareholders' equity$11.48B$10.65B$10.18B$3.50B$3.23B$2.98B$2.97B$2.78B$2.52B$2.21B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.24B$1.26B$837.00M$596.00M$538.00M$824.00M$839.00M$586.00M$686.00M$497.00M
Capital expenditures$331.00M$321.00M$271.00M$208.00M$208.00M$183.00M$226.00M$237.00M$170.00M$124.00M
Free cash flow$910.00M$942.00M$566.00M$388.00M$330.00M$641.00M$613.00M$349.00M$516.00M$373.00M
Investing cash flow-$471.00M-$482.00M-$628.00M-$191.00M-$183.00M-$169.00M-$231.00M-$643.00M-$181.00M-$1.89B
Financing cash flow-$501.00M-$615.00M-$157.00M-$790.00M-$855.00M$473.00M-$177.00M-$40.00M-$421.00M$1.03B
Dividends paid$391.00M$350.00M$299.00M$217.00M$203.00M$188.00M$174.00M$152.00M$130.00M$112.00M
Share repurchases$15.00M$20.00M$25.00M$52.00M$68.00M$61.00M$40.00M$59.00M$25.00M$4.00M
Stock-based compensation$53.00M$56.00M$60.00M$37.00M$33.00M$26.00M$29.00M$30.00M$21.00M$18.00M
Depreciation and amortization$575.00M$562.00M$436.00M$236.00M$245.00M$251.00M$257.00M$261.00M$234.00M$151.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY5.5%16.3%33.4%6.3%6.5%-7.1%0.8%10.6%24.8%3.2%
Net income growth, YoY7.5%46.1%71.5%-16.9%68.1%-36.7%-27.0%65.9%27.3%-23.5%
EPS growth, YoY7.4%30.8%42.3%-16.6%67.9%-36.7%-27.1%65.6%26.2%-22.5%
Gross margin38.5%37.5%36.9%37.7%38.0%37.5%39.0%38.9%39.2%38.8%
Operating margin13.5%11.8%8.9%11.3%11.3%7.5%9.3%12.6%11.7%10.8%
Net margin10.6%10.4%8.3%6.4%8.2%5.2%7.6%10.5%7.0%6.9%
Free cash flow margin10.1%11.0%7.7%7.0%6.4%13.1%11.7%6.7%11.0%9.9%
Return on equity8.3%8.4%6.0%10.1%13.2%8.5%13.5%19.7%13.1%11.8%
Return on assets5.4%5.4%3.8%4.5%5.2%2.9%5.2%7.6%4.8%4.0%
Current ratio1.631.751.761.892.271.801.631.511.881.49
Debt to equity0.170.190.220.540.761.040.780.830.871.07

Source: XBRL data Xylem Inc. files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

XYL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
XYL$9.06B+1.9%$1.08B11.9%$22.44B
ITT$5.18B+35.8%$418.20M8.1%$18.38B
IEX$3.66B+6.9%$535.80M14.6%$16.67B
GGG$2.31B+5.4%$517.48M22.4%$10.88B
FLS$4.70B+0.2%$254.72M5.4%$10.19B
GRC$722.48M+6.5%$73.73M10.2%$1.79B
AP$428.04M+3.3%-$59.25M-13.8%$121.7M

XYL FAQ

9 questions
  • What is XYL revenue?
    Xylem Inc. (XYL) reported $9.06B of revenue for the twelve months ended Sep 30, 2026. That is up 1.9% from the year before. Revenue for fiscal 2025 was $9.04B.
  • Is XYL profitable?
    Yes. Xylem Inc. earned $1.08B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.9%.
  • How much cash and debt does XYL have?
    Xylem Inc. reported $708.00M in cash and cash equivalents and $2.90B of debt on its most recent balance sheet in SEC filings.
  • How fast is XYL revenue growing?
    Xylem Inc.'s revenue changed +5.5% in fiscal 2025, to $9.04B. Its compound annual growth rate was +13.1% over 5 years and +9.5% over 10 years.
  • What is XYL gross margin?
    Xylem Inc.'s gross profit was $3.60B on $9.06B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 39.8%.
  • What is XYL free cash flow?
    Xylem Inc. generated $921.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.27B less capital expenditures.
  • What is XYL earnings per share?
    Diluted earnings per share were $4.52 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did XYL last report financial results?
    The latest statements here come from Xylem Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
  • Where does this XYL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Xylem Inc. files with the SEC. It is provided for information only and is not investment advice.