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XYL · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 1.5% y/y to $2.34B, operating margin 16.7% vs 13.3%, net income $263M (+16.4% y/y).
Net income attributable to Xylem
$263M
up 16.4% y/y
Revenue
$2,336M
up 1.5% y/y
Operating income
$390M
up 27.9% y/y
Gross profit
$963M
up 8.0% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenue from products | $1,953 · +2.2% |
| Revenue from services | $383 · −1.8% |
| Revenue | $2,336 · +1.5% |
| Cost of revenue from products | $1,093 · −3.2% |
| Cost of revenue from services | $280 · +0.0% |
| Gross profit | $963 · +8.0% · 41.2% margin |
| Selling, general and administrative expenses | $503 · +0.0% |
| Research and development expenses | $59 · +1.7% |
| Restructuring and asset impairment charges | $11 · −57.7% |
| Operating income | $390 · +27.9% · 16.7% margin |
| Interest expense | $7 · −22.2% |
| Other non-operating (expense)/income, net | $3 · vs $3 |
| Loss on sale of businesses | $16 · vs $0 |
| Income before taxes | $364 · +21.7% |
| Income tax expense | $103 · +37.3% · 28.3% effective rate |
| Net loss attributable to non-controlling interests | $2 · +0.0% |
| Net income attributable to Xylem | $263 · +16.4% · $1.11/sh · 11.3% margin |
Verdict: revenue grew 1.5% y/y to $2.34B, operating margin 16.7% vs 13.3%, net income $263M (+16.4% y/y).
Adjusted earnings per share were $1.46, up 16%.
Source and notation
Source: Xylem press release, 8-K EX-99.1 of 07/28/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: XYL, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “XYL Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/xyl/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/xyl/q2-2026"><img src="https://whoreportstoday.com/t/xyl/q2-2026/sankey.png" alt="XYL Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/xyl/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/xyl/q2-2026">XYL Q2 2026 earnings chart (Who Reports Today)</a>
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- Orders were $3.1 billion, up 42% on a reported basis and 41% organically.
- Gross margin was 41.2% vs 38.8% a year earlier.
- Operating income was $390M, a 16.7% margin vs 13.3% a year earlier.
- The effective tax rate was 28.3% vs 25.1% a year earlier.
- Diluted EPS was $1.11 vs $0.93 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
XYL — a water technology company that designs, makes and services pumps, treatment systems, meters, analytical instruments and software across the water cycle for utilities, industry and buildings in about 150 countries.
It reports four segments: Water Infrastructure, Applied Water, Measurement and Control Solutions, and Water Solutions and Services. · Source: annual report (Form 10-K, SEC)
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