Xylem (XYL) reported R&D of $59M in Q2 2026.

How has Xylem's R&D changed year-over-year?

Xylem's R&D increased by 1.7% year-over-year, from $58M to $59M.

What is the long-term trend for Xylem's R&D?

Over 4 years (2021 to 2025), Xylem's R&D has grown at a 2.6% compound annual growth rate (CAGR), from $204M to $226M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Xylem XYL R&D

R&D at other companies

PentairPNR

$23.7M-5.6%

DanaherDHR

$412M+2.2%

ItronITRI

$56.14M+4.3%

Geospace Technologies CorporationGEOS

$4.77M-8.8%

VeraltoVLTO

$73M+9.0%

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$29.18B-10.3%

Enterprise value$31.49B-6.0%

P/E28.7×-6.0×

P/S3.2×-0.5×

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:ResearchAndDevelopmentExpense.

The official record: Xylem’s 10-Q, filed July 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xylem's R&D?: Xylem (XYL) reported R&D of $59M in Q2 2026.
How has Xylem's R&D changed year-over-year?: Xylem's R&D increased by 1.7% year-over-year, from $58M to $59M.
What is the long-term trend for Xylem's R&D?: Over 4 years (2021 to 2025), Xylem's R&D has grown at a 2.6% compound annual growth rate (CAGR), from $204M to $226M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.