Answer
$2xy(x-3)(x+3)$
Work Step by Step
RECALL:
A difference of two squares can be factored using the formula:
$a^2-b^2=(a-b)(a+b)$
Factor out the greatest common factor, $2xy$, to obtain:
$=2xy(x^2-9)
\\=2xy(x^2-3^2)$
The binomial is a difference of two squares.
Factor the given difference of two squares using the formula above with $a=x$ and $b=3$ to obtain:
$=2xy(x-3)(x+3)$