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Xylem Income Statement

Revenue, expenses, and profitability over time

Xylem generated $9.1B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $981.0M with a 10.79% net margin. Gross margin stands at 38.61% and operating margin at 13.6%. Diluted EPS is $4.02, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$9.1BGross Profit (TTM)$3.5BOperating Income (TTM)$1.2BNet Income (TTM)$981.0MEps Diluted (TTM)$4.02
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$25.9B
P/E Ratio26.42
ROE9.0%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits—$12M$13M$12M—$13M
Depreciation and amortization$142M$77M$76M$78M$344M$75M
Impairment charges$6M$4M$1M$3M$0$1M
Separation costs———$31M——
Other operating expenses—-$161M-$64M-$35M—-$48M
Research and development$58M$56M$58M$52M$60M$56M
Restructuring charges$19M$17M$22M$23M$33M$31M
Selling, general and administrative$507M$460M$503M$474M$486M$472M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.34$0.69$0.93$0.93$1.37$0.79
Diluted earnings per share$1.33$0.69$0.93$0.93$1.37$0.79
Weighted-average shares, basic242.6M243.1M243.4M243.5M243.4M242.8M
Weighted-average shares, diluted243.5M243.8M243.9M244.1M244M243.4M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments-$1M$500K$500K$500K$500K—
Gain (loss) on disposal of assets-$40M-$10M$0-$37M—$4M
Interest expense$9M$8M$9M$6M$6M$4M
Interest income$7M$6.8M$6.8M$6.8M$6.8M—
Gain on retained interest in Sandisk$38M$0$0$0$0—
Other income (expense), net$5M$4M$3M$6M$5M$0

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$857M$768M$892M$883M$932M$803M
Operating income$267M$231M$305M$334M$353M$244M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$375M$217M$299M$297M$368M$244M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$49M$50M$75M$71M$35M$55M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income attributable to noncontrolling interests$0-$2M-$2M-$1M-$2M-$4M
Net income$326M$169M$226M$227M$335M$193M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Adjustment For Amortization$75M$77M$76M$78M$77M$75M
Share-based compensation expense related to employee stock plans$14M$5M$15M$14M$23M-$1M
Pre-tax stock-based compensation cost$14M$13.3M$13.3M$13.3M$13.3M—
Amortization of capitalized software and acquired intangible assets$75M$77M$76M$78M$77M$75M
Defined Benefit Plan, Amount Recognized in Net Periodic Benefit Cost (Credit) and Other Comprehensive (Income) Loss, before Tax$750K$750K$750K$750K$750K—
Asset Impairment and Restructuring Charges$25M$21M$26M$23M$33M$31M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation$132M-$62M$111M$21M$288M-$671M
Dividends declared (in dollars per share)$0.36$0.40$0.40$0.40$0.40$0.43
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$123M$267M$341M$216M$348M$184M
Less: comprehensive income attributable to noncontrolling interest$0-$2M-$2M-$1M$35M-$11M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$123M$265M$339M$215M$383M$173M
Additions, net—$133M$97M$86M$66M$153M
Foreign currency and other$1M$0$6M$4M$0-$17M
Contract with Customer, Asset, Reclassified to Receivable-$570M$107M$49M$5M$24M$107M
Additions, net$54M$116M$98M$0$46M$110M
Foreign currency and other-$6M$1M-$5M—-$5M-$5M
Revenue recognized that was included in deferred income at the beginning of the period$474M-$126M-$101M$0$507M-$107M
Corporate and other (loss)-$14M-$21M-$28M-$26M-$22M-$22M
Federal$27M$30.5M$30.5M$30.5M$30.5M—
Foreign$22.5M$27M$27M$27M$27M—
Current State And Local Tax Expense Benefit$8.8M$9M$9M$9M$9M—
Federal-$9.5M-$7.5M-$7.5M-$7.5M-$7.5M—
Deferred Foreign Income Tax Expense Benefit$3.3M$500K$500K$500K$500K—
Deferred taxes-$9M-$8.8M-$8.8M-$8.8M-$8.8M—
State-$2.8M-$1.8M-$1.8M-$1.8M-$1.8M—
Contributions to benefit plan—$5M$4M$9M—$6M
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)—$4M$4M$5M—$3M
Defined contribution plan costs$21M$21.5M$21.5M$21.5M$21.5M—
Depreciation$67M$68M$69M$64M$66M$65M
Depreciation, Excluding Lessor Asset under Operating Lease$57.5M$57.8M$57.8M$57.8M$57.8M—
Dividends Cash$88M$98M$98M$97M$98M$105M
Effect of exchange rate changes on cash, cash equivalents and restricted cash-$48M$25M$59M$0$7M-$15M
Effective tax rates—$0.2$0.3$0.2—$0.2
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent1.7%—————
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Amount—-$1.3M-$1.3M-$1.3M-$1.3M—
Other————-0.4%—
Effective Income Tax Rate Reconciliation, FDII, Percent0.6%—————
Foreign operations1.2%—————
Gain on remeasurement of previously held equity interest-3.0%—————
Other$0—————
Nontaxable or nondeductible items0.4%———0.3%—
Share-based compensation-0.7%—————
Tax on undistributed foreign earnings1.0%———1.1%—
Changes in unrecognized tax benefits0.0%———0.3%—
Effective Income Tax Rate Reconciliation Tax Credits Research0.6%—————
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent0.2%—————
Effective Income Tax Rate Reconciliation, Tax Credit, Percent0.2%———0.9%—
Effective Income Tax Rate Reconciliation, Tax Incentive, Percent1.3%—————
Income tax benefit realized from option exercises$4.8M$2.3M$2.3M$2.3M$2.3M—
Finance Lease Interest Payment On Liability$1M$1.3M$1.3M$1.3M$1.3M—
Finance Lease Principal Payments$6M$8.3M$8.3M$8.3M$8.3M—
Finance Lease Right Of Use Asset Amortization$7M$9M$9M$9M$9M—
Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net$0$2M$1M-$5M-$7M-$5M
Gain on sale of business and assets-$40M-$10M$0-$37M—$4M
Gain on remeasurement of previously held equity interest$38M—————
Goodwill Additions$134.3M———$34M$3M
Foreign Currency Translation and Other Adjustments-$150M$81M$176M$0$15M-$34M
Currency exchange and other—————$3M
Impairment Of Long Lived Assets Held For Use——$1M$3M—$1M
Income Loss From Continuing Operations Before Income Taxes Domestic$117.8M$173.8M$173.8M$173.8M$173.8M—
Income Loss From Continuing Operations Before Income Taxes Foreign$154M$121.5M$121.5M$121.5M$121.5M—
Federal taxes$19.8M$33.8M$33.8M$33.8M$33.8M—
State taxes$8M$9.3M$9.3M$9.3M$9.3M—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount—$62M$62M$62M$62M—
Nontaxable or Nondeductible items—$1M$1M$1M$1M—
Income Tax Reconciliation Repatriation Of Foreign Earnings—$3.3M$3.3M$3.3M$3.3M—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount—$5.3M$5.3M$5.3M$5.3M—
Changes in unrecognized tax benefits—$1M$1M$1M$1M—
Income Taxes Paid, Net$59M$37M$138M$33M$59M$28M
Accounts payable$95M-$64M$70M-$51M—-$61M
Accrued liabilities$4.3M-$17.3M-$17.3M-$17.3M-$17.3M—
Increase (Decrease) in Inventories—$9M$18M$3M-$53M$18M
Increase (Decrease) In Long Term Receivables$9.3M$32M———$31M
Increase (Decrease) in Other Operating Assets and Liabilities, Net$5.5M$16M$16M$16M$16M—
Increase Decrease In Receivables$6M$48M$55M$10M—$58M
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights—21K27K18K—12K
Interest Paid, Excluding Capitalized Interest, Operating Activity$18M$12M$20M$11M$18M$11M
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders——$2M——$1M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$95M-$116M-$128M-$138M-$119M-$683M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$289M-$15M-$125M-$189M-$142M-$76M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$575M$33M$305M$360M$543M$108M
Net Income Loss Attributable To Noncontrolling Interest$0-$2M-$2M-$1M-$2M-$4M
Net Income Loss Attributable To Redeemable Noncontrolling Interest—-$3M-$4M-$2M-$7M-$4M
Number of operating segments1.004.00———4.00
Number of reportable segments—4.00———4.00
Operating, Lease, Right-of-Use Asset, Impairment$1.3M$250K$250K$250K$250K—
Depreciation expense$9.5M$10.5M$10.5M$10.5M$10.5M—
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax-$195M$56M$37M-$6M$36M$9M
Other Comprehensive Income Loss Before Tax-$186M$80M$52M-$9M$54M$0
Foreign currency translation adjustment—-$1M-$2M$1M—$0
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From AOCI Realized Upon Sale Or Liquidation Before Tax$0-$8M$0$0$0-$5M
Other comprehensive income (loss), net—$55.5M$55.5M$55.5M$55.5M—
Other comprehensive income (loss)-$203M$98M$115M-$11M—-$16M
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax-$500K-$500K-$500K-$500K-$500K—
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Before Tax—$0—$0—-$1M
Tax expense (benefit)$17M-$18M-$63M$2M$0$16M
Membership and other income—$67M$74M$91M—$66M
Other income (expense) - net-$1M-$1M-$1M-$1M-$1M—
Other Noncash Income (Expense)-$8M-$11M——-$2M$8M
Other income, net (Note 6)$5M$4M$3M$6M$5M$0
All other operating activities—-$161M-$64M-$35M—-$48M
Payments for asset acquisition at closing—$0———$1M
Payments For Derivative Instrument Investing Activities$0$9.3M$9.3M$9.3M$9.3M—
Payment for (Proceeds from) Other Investing Activity$2M$1M-$1M-$1M$1M$0
Payments for Repurchase of Common Stock$1M$13M$0$1M$1M$563M
Payments for Restructuring$8M$21M$15M$12M$34M$37M
Payments of Ordinary Dividends, Common Stock$87M$98M$98M$97M$98M$106M
Payments to Acquire Businesses, Net of Cash Acquired$188M$7M$0$106M$50M$0
Payments to Acquire Investments$9M$1M-$1M$26M$23M$0
Payments to Acquire Productive Assets$100M$71M$98M$79M$83M$90M
Payment for Pension and Other Postretirement Benefits$6.3M$6.5M$6.5M$6.5M$6.5M—
Realized gains on translated earnings contracts and other$4M$12M$9M$10M$4M$14M
Divestiture of businesses, net of cash transferred—$48M$2M——$0
Net Proceeds from Issuance of Long-Term Debt$250K$0$0$0$0—
Financing — other-$5M-$8M-$11M-$8M-$7M-$10M
Dispositions of property, plant, and equipment$1M$5M$0$10M$2M$1M
Proceeds from Short-Term Debt$0$1M$3M——$0
Cash received from option exercises$1M$6M$2M$3M$9M$0
Proceeds from stock options exercised (less than)—————$1M
Warranty expense$9M$9.8M$9.8M$9.8M$9.8M—
Cumulative Translation adjustment—$0———-$5M
Repayments of Long-Term Debt$4M$4M$24M$32M$22M$4M
Restructuring and Asset Impairment Losses$25M$21M$26M$23M$33M$31M
Restructuring Costs And Asset Impairment Charges$25M$21M$26M$23M$33M$31M
Restructuring Reserve Accrual Adjustment1-$1M-$1M$0-$1M$0-$1M
Restructuring Reserve, Asset Impairment$0$0$1M$3M$1M$1M
Asset impairment—$0$1M$3M—$1M
Foreign exchange and other-$1M$1M$1M-$2M$1M$0
Revenue From Contract With Customer Excluding Assessed Tax$2.3B$2.1B$2.3B$2.3B$2.4B$2.1B
Right Of Use Asset Obtained In Exchange For Finance Lease Liability$9.5M$12M$12M$12M$12M—
Stock-based compensation$13M$12M$13M$12M$16M$13M
Granted (in shares)210K251K——255K277K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period93K4K——33K5K
Other (in usd per share)—————$129.67
Risk-free rate4.2%———4.1%—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value—$86.77———$100.50
Volatilities, low end of range (as a percent)26.7%———26.7%—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period—44K———29K
Other (in shares)—————-1K
Weighted-average dividend yield1.1%———1.2%—
Intrinsic value of stock options exercised$1M$5M$2M$4M$4M$1M
Options canceled (in dollars per share)$98.40$112.88——$112.25$127.87
Granted (in shares)$128.66$129.67——$129.75$128.98
Exercised (in shares)$61.56$65.65——$77.24$45.33
Adjustment for condition achieved (in usd per share)—$86.77———$100.50
Adjustment for condition achieved (in shares)—19K———5K
Translation—$1M—-$10M—$0
Standard Product Warranty Accrual, Decrease for Payments$11M$8M$7M$10M$9M$7M
Accrual adjustments to reflect actual experience—$10M$8M$10M—$7M
Standard Product Warranty Accrual, Transfers related to assets held for sale$500K$2M$2M$2M$2M—
Distributed under benefit plans1.6M———718K—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period1.1M80K——262K7K
Purchase price$5M$3.8M$3.8M$3.8M$3.8M—
Stockholders' Equity, Other$2M-$1M-$1M-$4M——
Supply chain finance program, payments$262M$248M$252M$282M$271M$240M
Invoices confirmed during the period$263M$259M$264M$259M$260M$231M
Supplier Finance Program, Obligation, Period Increase (Decrease)-$5M$3M$2M——-$1M
Cumulative translation adjustment—$7.5M$7.5M$7.5M$7.5M—
Treasury stock, excise tax paid—————$5M
Treasury stock, value, acquired—————$586M
Unrealized (loss) gain-$17M$15M$15M$1M$4M-$8M
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions$250K$250K$250K$250K$250K—
Unrecognized tax benefits, settlements$500K$0$0$0$0—
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation$0$250K$250K$250K$250K—
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions$750K$1.5M$1.5M$1.5M$1.5M—
Unrecognized Tax Benefits Increases Resulting From Acquisition$1M$0$0$0$0—
Additions for tax positions of prior years$250K$1.5M$1.5M$1.5M$1.5M—
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations$750K$0$0$0$0—
Acquisitions-$250K$0$0$0$0—
Weighted Average Number Of Shares Issued Basic$132K$243.1M$243.4M$243.4M$48K$242.8M
Weighted Average Number Of Shares Participating Securities26K———21K—

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment and other income$7M$6.8M$6.8M$6.8M$6.8M—
Total revenue$2.3B$2.1B$2.3B$2.3B$2.4B$2.1B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$1.4B$1.3B$1.4B$1.4B$1.5B$1.3B