Income StatementBalance SheetCash FlowSegments
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Air Products and Chemicals Business Segments

Business, geographic, and product segment breakdowns

Air Products and Chemicals generates $12.3B in annual revenue across 4 key segments: Americas ($3.4B), Asia ($2.3B), Corporate and other ($605.6M), and Europe ($1.8B). The company-wide operating margin is 23.28%. Based on the Q2 2026 filing.

Americas (TTM)$3.4BAsia (TTM)$2.3BCorporate and other (TTM)$605.6MEurope (TTM)$1.8BMiddle East and India (TTM)$108.5M
Latest FilingQ2 2026
Report Date2026-04-30
Market Cap$64.5B
P/E Ratio24.01
ROE17.69%

Products & Services

Interest income associated with financing and lease arrangements as a percentage of total consolidated sales

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Financing and Lease Arrangement0.3%0.3%0.3%0.3%——

Percent sales by supply mode

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Onsite51.0%53.0%51.0%—53.0%54.0%
Merchant46.0%44.0%44.0%—43.0%42.0%
Saleof Equipment3.0%3.0%5.0%—4.0%4.0%

Sales

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Onsite$1.5B$1.6B$1.5B$1.6B$1.6B$1.7B
Merchant$1.3B$1.3B$1.3B$1.4B$1.4B$1.3B
Saleof Equipment$96.8M$94.7M$142.9M$185.6M$117.0M$137.1M

Geographic

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Plant and equipment, net———$6.9B——
Sales and other income$1.4B$1.4B$1.4B$1.4B——

Business Segments

Cost of Sales

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Americas$855.1M$873.5M——$886.6M$959.5M
Asia$572.1M$554.4M——$573.2M$561.6M
Europe$449.4M$474.0M——$491.7M$508.9M
Corporate and other$114.2M$119.7M——$136.1M$132.9M
Middle East and India$25.7M$32.3M——$19.9M$21.5M

Currency translation

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Europe-$29.7M—$45.2M—$5.1M-$11.2M
Asia-$4.4M-$1.6M—-$1.4M-$200.0K-$500.0K
Corporate And Other-$300.0K$300.0K$100.0K$100.0K$0.0$100.0K
Americas-$4.2M——-$1.3M$2.7M—
Middle East and India$0.0$0.0$0.0$0.0$0.0$0.0

Depreciation, Depletion and Amortization

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Americas$173.4M$178.4M$192.4M$187.9M$171.9M$171.7M
Asia$122.9M$131.8M$126.7M$137.5M$112.7M$116.8M
Europe$54.5M$56.8M$64.9M$71.2M$69.8M$72.5M
Corporate And Other$9.5M$10.2M$10.2M$10.0M$10.1M$8.0M
Middle East and India$6.5M$6.4M$6.8M$6.2M$6.2M$6.0M

Equity affiliates' income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Middle East and India$85.0M$78.2M$86.0M$91.7M$84.5M$79.2M
Americas$35.1M$31.2M$37.8M$52.9M$51.7M$55.8M
Europe$18.2M$27.7M$29.7M$26.3M$23.4M$31.9M
Asia$10.3M$10.5M$9.5M$12.0M$13.8M$11.7M
Corporate And Other$2.0M$4.7M$4.6M$1.1M-$1.2M$800.0K

Expenditures for long-lived assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Americas$690.7M$798.0M——$503.7M$455.1M
Middle East and India$1.0B$681.1M——$405.3M$357.1M
Europe$230.6M$315.0M——$209.1M$180.8M
Asia$99.9M$92.8M——$103.6M$82.9M
Corporate and other$56.0M$4.6M——$29.5M$31.7M

Goodwill

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Europe$504.6M$524.6M$601.1M$597.9M$603.0M$591.8M
Asia$170.3M$168.7M$173.9M$172.5M$172.3M$171.8M
Americas$142.1M$144.0M$144.8M$143.5M$146.2M$145.0M
Corporate And Other$33.7M$34.0M$34.1M$34.2M$34.2M$34.3M
Middle East and India$15.8M$15.8M$15.8M$15.8M$15.8M$15.8M

Goodwill, Impaired, Accumulated Impairment Loss

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Americas$265.0M$278.2M$284.1M$274.7M$294.3M$285.7M

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Middle East and India———$3.7B$3.7B$3.7B
Europe———$649.9M$671.6M$661.3M
Americas———$555.2M$600.3M$632.2M
Asia———$331.3M$338.8M$348.1M
Corporate And Other———$116.5M$114.8M$115.9M

Operating income (loss)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Americas$388.2M$365.7M$374.1M$391.6M$403.8M$373.9M
Asia$216.4M$191.4M$216.8M$226.5M$232.3M$240.0M
Europe$186.5M$195.5M$225.2M$237.5M$223.5M$211.6M
Corporate And Other-$117.0M-$118.4M-$83.1M-$48.8M-$108.9M-$77.4M
Middle East and India-$600.0K-$2.9M$8.1M$5.0M$5.8M$4.6M

Sales

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Americas$1.3B$1.3B$1.3B$1.3B$1.3B$1.4B
Asia$817.1M$774.1M$810.0M$869.8M$831.5M$832.6M
Europe$697.2M$727.4M$770.5M$789.4M$782.0M$789.0M
Corporate And Other$96.8M$94.7M$142.9M$185.6M$117.0M$137.1M
Middle East and India$32.8M$32.8M$38.3M$32.0M$30.3M$29.2M

Segment Reporting, Other Segment Item, Amount

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Corporate and other$12.8M$16.7M——$16.3M$15.5M
Americas-$10.1M-$1.8M——-$3.9M-$3.3M
Asia-$2.9M-$1.7M——-$2.0M-$2.0M
Middle East and India-$100.0K-$2.9M——-$400.0K-$1.5M
Europe-$600.0K-$1.3M——-$200.0K-$1.2M

Selling and administrative expense

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Europe$61.9M$59.2M——$67.0M$69.7M
Corporate and other$86.8M$76.7M——$73.5M$66.1M
Americas$54.4M$49.8M——$55.2M$53.8M
Asia$31.5M$30.0M——$28.0M$33.0M
Middle East and India$7.8M$6.3M——$5.0M$4.6M

Total Assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Americas$12.8B$11.3B$11.9B$12.1B$12.4B$12.7B
Middle East and India———$10.9B$11.3B$11.5B
Europe$5.8B$6.2B$6.9B$6.9B$7.1B$7.1B
Asia$7.2B$7.0B$7.3B$6.7B$6.8B$6.7B
Corporate And Other$4.7B$4.3B$5.1B$4.5B$3.6B$3.6B