Income StatementBalance SheetCash FlowSegments
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Xylem Business Segments

Business, geographic, and product segment breakdowns

Xylem generates $9.1B in annual revenue across 3 key segments: Applied Water ($1.2B), Measurement and Control Solutions ($1.3B), and Water Infrastructure ($1.4B). The company-wide operating margin is 13.6%. Based on the Q1 2026 filing.

Applied Water (TTM)$1.2BMeasurement and Control Solutions (TTM)$1.3BWater Infrastructure (TTM)$1.4B
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$25.7B
P/E Ratio26.24
ROE9.0%

Products & Services

Revenue from contracts with customers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Smart Metering and Other—$404.0M$449.0M$428.0M—$417.0M
Transport$439.0M$345.0M$385.0M$377.0M$449.0M$368.0M
Building Solutions$254.0M$247.0M$270.0M$260.0M$260.0M$262.0M
Capital and Other—$254.0M$299.0M$288.0M—$250.0M
Services$244.0M$242.0M$255.0M$255.0M$253.0M$250.0M
Treatment$287.0M$236.0M$265.0M$279.0M$300.0M$235.0M
Industrial Water$200.0M$188.0M$213.0M$196.0M$215.0M$186.0M
Analytics—$86.0M$91.0M$94.0M$89.0M$91.0M
Capital & Other$270.3M$286.0M$286.0M$286.0M$286.0M—
Smart Metering & Other$379.8M$431.5M$431.5M$431.5M$431.5M—

Cost of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue from products$1.1B$1.0B$1.1B$1.1B$1.2B$1.1B
Revenue from services$296.0M$260.0M$280.0M$276.0M$285.0M$265.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue from products$1.9B$1.7B$1.9B$1.9B$2.0B$1.8B
Revenue from services$397.0M$360.0M$390.0M$401.0M$412.0M$368.0M

Geographic

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$132.0M———$167.0M—
Europe$258.0M———$245.0M—
Other$30.0M———$28.0M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$318.5M$305.3M$305.3M$305.3M$305.3M—
Europe$436.3M$459.8M$459.8M$459.8M$459.8M—
Other$170.3M$191.5M$191.5M$191.5M$191.5M—

Revenue from contracts with customers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Western Europe—$410.0M$461.0M$441.0M—$429.0M
Emerging Markets$377.0M$274.0M$306.0M$301.0M$314.0M$256.0M
Other$190.0M$171.0M$190.0M$186.0M$193.0M$171.0M

Business Segments

Asset Impairment and Restructuring Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Applied Water$1.5M$5.8M$5.8M$5.8M$5.8M—
Corporate$500.0K$500.0K$500.0K$500.0K$500.0K—
Measurement and Control Solutions$500.0K$3.0M$3.0M$3.0M$3.0M—
Water Infrastructure$5.8M$14.3M$14.3M$14.3M$14.3M—
Water Solutions and Services$7.3M$2.3M$2.3M$2.3M$2.3M—

Cost of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure$408.0M$329.0M$365.0M$357.0M$389.0M$333.0M
Measurement and Control Solutions$293.0M$302.0M$324.0M$322.0M$337.0M$317.0M
Applied Water$288.0M$279.0M$299.0M$291.0M$311.0M$285.0M

Depreciation and Amortization:

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Solutions and Services$68.0M$68.0M$71.0M$64.0M$64.0M$65.0M
Measurement and Control Solutions—$39.0M$44.0M$43.0M—$40.0M
Water Infrastructure—$23.0M$24.0M$24.0M—$26.0M
Applied Water—$8.0M$9.0M$8.0M—$8.0M
Corporate Segment and Other Operating Segment$4.0M$7.0M-$3.0M$3.0M$2.0M$1.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure$2.1B$2.1B$2.2B$2.3B$2.3B$2.3B
Measurement and Control Solutions$2.2B—$2.3B$2.3B$2.3B$2.2B
Applied Water$884.0M$890.0M$904.0M$904.0M$905.0M$899.0M

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Applied Water—————$0.0
Measurement and Control Solutions—————$0.0
Water Infrastructure—————$0.0

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Measurement and Control Solutions—————-$20.0M
Water Infrastructure-$78.0M$33.0M$57.0M-$7.0M$7.0M-$9.0M
Applied Water-$12.0M$6.0M$14.0M$0.0$1.0M-$4.0M

Operating expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure$164.0M$145.0M$158.0M$154.0M$156.0M$153.0M
Measurement and Control Solutions$113.0M$106.0M$118.0M$110.0M$114.0M$108.0M
Applied Water$89.0M$79.0M$90.0M$76.0M$84.0M$84.0M

Other segment item

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure$33.0M$27.0M$24.0M$32.0M$38.0M$41.0M
Measurement and Control Solutions$31.0M$26.0M$30.0M$26.0M$27.0M$26.0M
Applied Water$9.0M$5.0M$10.0M$4.0M$9.0M$2.0M

Payments to acquire productive assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Solutions and Services$45.0M$20.0M$43.0M$30.0M$30.0M$45.0M
Measurement and Control Solutions—$16.0M$20.0M$20.0M—$15.0M
Regional Selling Locations$4.0M$7.0M$10.0M$6.0M$10.0M$14.0M
Water Infrastructure$12.0M$11.0M$11.0M$7.0M$9.0M$10.0M
Applied Water$9.0M$9.0M$5.0M$9.0M$11.0M$4.0M
Corporate Segment and Other Operating Segment$10.0M$8.0M$9.0M$7.0M$3.0M$2.0M

Reclassification to assets held for sale

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Applied Water—————$2.0M
Measurement and Control Solutions—————$1.0M
Water Infrastructure—————$0.0

Restructuring costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure—$13.0M$9.0M$16.0M—$26.0M
Measurement and Control Solutions—$1.0M$5.0M$1.0M—$3.0M
Applied Water—$3.0M$9.0M$4.0M—$1.0M

Restructuring Reserve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure—$4.0M$4.0M$9.0M—$7.0M
Measurement and Control Solutions—$3.0M$2.0M$1.0M—$3.0M
Applied Water—$4.0M$2.0M$1.0M—$1.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure—$581.0M$650.0M$656.0M—$603.0M
Measurement and Control Solutions—$490.0M$540.0M$522.0M—$508.0M
Applied Water—$435.0M$483.0M$456.0M—$448.0M

Segment operating income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Applied Water—$72.0M$84.0M$85.0M—$77.0M
Water Infrastructure—$80.0M$103.0M$113.0M—$76.0M
Measurement and Control Solutions—$56.0M$68.0M$64.0M—$57.0M

Total expected costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure——$37.0M$75.0M—$86.0M
Applied Water——$23.0M$20.0M—$29.0M
Measurement and Control Solutions——$8.0M$8.0M—$19.0M

Total expected costs remaining

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Measurement and Control Solutions——$4.0M$3.0M—$7.0M
Applied Water——$12.0M$5.0M—$5.0M
Water Infrastructure——$17.0M$39.0M—$5.0M

Accrued restructuring liabilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate$2.0M———$0.0—
Regional Selling Locations$9.0M———$17.0M—
Water Solutions and Services$4.0M———$3.0M—

Expected costs remaining

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate$0.0———$9.0M—
Water Solutions and Services$1.0M———$5.0M—

Impairment charge on intangible assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate$250.0K$500.0K$500.0K$500.0K$500.0K—
Water Infrastructure$750.0K$250.0K$250.0K$250.0K$250.0K—
Water Solutions and Services$3.3M$750.0K$750.0K$750.0K$750.0K—

Acquisitions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Solutions and Services$250.0K$9.5M$9.5M$9.5M$9.5M$3.0M
Measurement and Control Solutions$130.3M$0.0$0.0$0.0$0.0—

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Measurement and Control Solutions—$5.0M$5.0M$5.0M$5.0M—
Water Solutions and Services—$0.0$0.0$0.0$0.0—

Number of reporting units

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Infrastructure—1.002.00———
Water Solutions and Services—3.002.00———

Accumulated impairment loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Solutions and Services$206.0M———$206.0M—

Expected restructuring costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Solutions and Services$29.0M———$28.0M—

Incurred restructuring costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Solutions and Services$7.0M$1.5M$1.5M$1.5M$1.5M—