Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Costs shrank faster than sales, so profit grew
Cost of revenue fell 6.6% on a 3.0% sales dip, which the filing credits to productivity, pricing and tariff refunds.
For investorsWhat Xylem's margin depends on once tariff refunds stop
For foundersShrinking to grow: the pruning playbook behind Xylem's margin
Water Infrastructure brings 29.3% of revenue but 38.2% of operating income, the widest margin of the four segments.
Orders equalled 105.9% of revenue, so the order book is growing even as reported sales dip.
Net income attributable to Xylem rose 28.2% while free cash flow fell to $242 million, below the year before.
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Business Lens describes Xylem from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
