Cost of Revenue

Total Cost of Revenue

Air Products and Chemicals Total Cost of Revenue increased by 3.6% to $2.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.4%, from $2.05B to $2.18B. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 3.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.

Detailed definition

The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...

Peer comparison

In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.

Metric ID: is_total_cost_of_revenue

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.80B$2.01B$2.22B$2.15B$2.34B$2.62B$2.27B$2.28B$2.07B$2.21B$2.07B$1.99B$2.01B$2.10B$2.02B$2.05B$2.04B$2.15B$2.11B$2.18B
QoQ Change+11.3%+10.8%-3.2%+8.9%+11.9%-13.3%+0.5%-9.3%+6.6%-6.3%-3.7%+0.7%+4.9%-4.2%+1.9%-0.7%+5.2%-1.8%+3.6%
YoY Change+30.0%+30.6%+2.2%+6.1%-11.6%-15.8%-9.0%-12.8%-3.1%-4.7%-2.5%+3.1%+1.7%+2.0%+4.5%+6.4%
Range$1.80B$2.62B
CAGR+4.1%
Avg YoY Growth+1.7%
Median YoY Growth+1.8%

Business Segments

View all
SegmentQ1 '26
Americas$959.50M
Asia$561.60M
Europe$508.90M
Corporate and other$132.90M
Middle East and India$21.50M
Total$2.18B

Frequently Asked Questions

What is Air Products and Chemicals's total cost of revenue?
Air Products and Chemicals (APD) reported total cost of revenue of $2.18B in Q1 2026.
How has Air Products and Chemicals's total cost of revenue changed year-over-year?
Air Products and Chemicals's total cost of revenue increased by 6.4% year-over-year, from $2.05B to $2.18B.
What is the long-term trend for Air Products and Chemicals's total cost of revenue?
Over 4 years (2021 to 2025), Air Products and Chemicals's total cost of revenue has grown at a 3.5% compound annual growth rate (CAGR), from $7.19B to $8.26B.
What does total cost of revenue mean?
The direct cost of making the products or providing the services that a company sells.