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Xylem XYL Contract Liabilities

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Other financials

Income statement

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Revenue$2.3B+1.5%
Gross profit$963.0M+8.0%
Operating income$390.0M+27.9%
Net income$263.0M+16.4%
EPS (diluted)$1.11+19.4%

Balance sheet

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Cash & equivalents$1.3B+9.1%
Total debt$3.6B+63.6%
Total equity$10.4B-5.9%
Total assets$17.3B+0.9%

Cash flow

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Operating cash flow$290.0M-4.9%
CapEx$89.0M-9.2%
Free cash flow$201.0M-2.9%

Valuation

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Market cap$28.54B-18.3%
Enterprise value$30.85B-14.2%
P/E28×-9.2×
P/S3.1×-0.9×

Profitability

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Gross margin39.2%+1.4pp
Operating margin14.5%+2.1pp
Net margin11.2%+0.4pp
FCF margin10.5%+0.4pp

Returns & leverage

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Return on equity9.5%+0.7pp
Debt / equity0.3×+0.1×
Current ratio1.6×-0.3×

Where this comes from

Reported directly by Xylem in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Xylem’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 11:53 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001524472-26-000110
(in millions)Contract Assets (a)Contract Liabilities
Revenue recognized from opening balance(182)
Billings transferred to accounts receivable(184)
Foreign currency and other(22)(10)
Balance at June 30, 2026$585$272
Balance at January 1, 2025$303$322
Additions, net230214
Revenue recognized from opening balance(227)
Billings transferred to accounts receivable(156)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Xylem's contract liabilities?
Xylem (XYL) reported contract liabilities of $272M in Q2 2026.
How has Xylem's contract liabilities changed year-over-year?
Xylem's contract liabilities decreased by 10.8% year-over-year, from $305M to $272M.
What is the long-term trend for Xylem's contract liabilities?
Over 5 years (2020 to 2025), Xylem's contract liabilities has grown at a 11.8% compound annual growth rate (CAGR), from $164M to $286M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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