Developments of the porous transport layers (PTLs) in recent years resulted in significant performance improvements in polymer electrolyte water electrolyzers (PEWEs). One of the milestones of the material design was the integration of a microporous layer (MPL) on sintered titanium PTLs. Utilizing high-resolution neutron imaging, the water and gas distribution in the multi-layered porous transport media (ML-PTL) was probed at various current densities (up to 4 A cm^-2) and pressure conditions up to 8 bar, using a series of four materials, differing in MPL morphology. The water and gas distribution measured is greatly affected by the presence of an MPL. While in the bulk of the PTL, the gas accumulation is increased in the presence of an MPL, in the MPL itself more water is retained. The finer the MPL structure, the higher the liquid saturation. It is observed that the two-phase flow in the MPL has minor influence on the performance of the cell even though the gas accumulation at the CL interface is greatly reduced. The improvements, therefore, appear to be related to the CL and MPL interaction on sub-micron scale and microstructure effect on catalyst area utilization.