Xylem Inc. income statement
In fiscal 2025, Xylem Inc. reported revenue of $9.04bn, up 5.5% on the year before, operating income of $1.22bn (a 13.5% margin) and net income of $957m, or $3.92 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,849 | 3,202 | 3,803 | 3,791 | 3,837 | 3,916 | 3,653 | 3,771 | 4,707 | 5,207 | 5,249 | 4,876 | 5,195 | 5,522 | 7,364 | 8,562 | 9,035 | 9,059 |
| Cost of revenue | 1,812 | 1,988 | 2,342 | 2,289 | 2,338 | 2,403 | 2,249 | 2,309 | 2,860 | 3,181 | 3,203 | 3,046 | 3,220 | 3,438 | 4,647 | 5,350 | 5,560 | 5,454 |
| Gross profit | 1,037 | 1,214 | 1,461 | 1,502 | 1,499 | 1,513 | 1,404 | 1,462 | 1,847 | 2,026 | 2,046 | 1,830 | 1,975 | 2,084 | 2,717 | 3,212 | 3,475 | 3,605 |
| Research and development | 63 | 74 | 100 | 106 | 104 | 104 | 95 | 110 | 181 | 189 | 191 | 187 | 204 | 206 | 232 | 230 | 226 | 231 |
| Selling, general and administrative | 667 | 737 | 877 | 914 | 990 | 920 | 854 | 914 | 1,089 | 1,161 | 1,158 | 1,143 | 1,179 | 1,227 | 1,757 | 1,911 | 1,923 | 1,919 |
| Operating income | 276 | 388 | 395 | 443 | 363 | 463 | 449 | 408 | 552 | 654 | 486 | 367 | 585 | 622 | 652 | 1,009 | 1,223 | 1,372 |
| Interest expense | — | 0 | 17 | 55 | 55 | 54 | 55 | 70 | 82 | 82 | 67 | 77 | 76 | 50 | 49 | 44 | 29 | 38 |
| Income before tax | 277 | 388 | 383 | 388 | 298 | 421 | 403 | 340 | 466 | 585 | 416 | 285 | 511 | 440 | 635 | 1,087 | 1,181 | 1,341 |
| Income tax | 14 | 59 | 104 | 91 | 70 | 84 | 63 | 80 | 136 | 36 | 15 | 31 | 84 | 85 | 26 | 197 | 231 | 270 |
| Net income | 263 | 329 | 279 | 297 | 228 | 337 | 340 | 260 | 331 | 549 | 401 | 254 | 427 | 355 | 609 | 890 | 957 | 1,082 |
| Diluted EPS | $1.42 | $1.78 | $1.50 | $1.59 | $1.22 | $1.83 | $1.87 | $1.45 | $1.83 | $3.03 | $2.21 | $1.40 | $2.35 | $1.96 | $2.79 | $3.65 | $3.92 | $4.52 |
| Diluted shares (average) | 185m | 185m | 185m | 186m | 186m | 184m | 182m | 180m | 181m | 181m | 181m | 181m | 182m | 181m | 218m | 244m | 244m | 239m |
| EBITDA | 346 | 480 | 532 | 585 | 513 | 605 | 582 | 559 | 786 | 915 | 743 | 618 | 830 | 858 | 1,088 | 1,571 | 1,798 | 1,932 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,256 | 2,069 | 2,301 | 2,268 | 2,397 | 2,125 | 2,336 | 2,201 |
| Cost of revenue | 1,399 | 1,301 | 1,409 | 1,385 | 1,465 | 1,322 | 1,373 | 1,294 |
| Gross profit | 857 | 768 | 892 | 883 | 932 | 803 | 963 | 907 |
| Research and development | 58 | 56 | 58 | 52 | 60 | 56 | 59 | 56 |
| Selling, general and administrative | 507 | 460 | 503 | 474 | 486 | 472 | 503 | 458 |
| Operating income | 267 | 231 | 305 | 334 | 353 | 244 | 390 | 385 |
| Interest expense | 9 | 8 | 9 | 6 | 6 | 4 | 7 | 21 |
| Income before tax | 375 | 217 | 299 | 297 | 368 | 244 | 364 | 365 |
| Income tax | 49 | 50 | 75 | 71 | 35 | 55 | 103 | 77 |
| Net income | 326 | 169 | 226 | 227 | 335 | 193 | 263 | 291 |
| Diluted EPS | $1.33 | $0.69 | $0.93 | $0.93 | $1.37 | $0.79 | $1.11 | $1.25 |
| EBITDA | 409 | 299 | 374 | 629 | 496 | 309 | 455 | 672 |
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