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Air Products and Chemicals APD Q1 2026 earnings

Reported January 30, 2026 · Before market open

Revenue$3.1BBeat by $51.1M
EPS$3.16Beat by $0.12
Revenue estimate$3.1B
EPS estimate$3.04

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$3.3B
EPS estimate$3.60

Financials

Q1 2026

Income statement

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Revenue$3.1B+5.8%
Gross profit$995.0M+8.7%
Operating income$734.5M+14.1%
Net income$678.2M+9.8%
EPS (diluted)$3.04+9.7%

Balance sheet

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Cash & equivalents$1.0B-44.4%
Total debt$673.7M-6.9%
Total equity$15.4B-7.7%
Total assets$41.2B+3.1%

Cash flow

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Operating cash flow$900.7M+11.0%
CapEx$1.3B-40.9%
Free cash flow-$350.5M+73.2%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$54.98B-14.8%
Enterprise value$54.63B-13.8%
P/S4.5×-0.9×

Profitability

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Gross margin31.6%-0.9pp
Operating margin-6.6%-43.5pp
Net margin-2.8%-34.7pp
FCF margin-23%-4.4pp

Returns & leverage

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Return on equity-2.1%-26.4pp
Debt / equity0×0.0×
Current ratio1.5×+0.3×

Segments

By segment

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Americas$1.3B+4.2%
Asia$831.5M+1.8%
Europe$782.0M+12.2%
Corporate And Other$117.0M+20.9%

By product

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Onsite$1.6B+9.8%
Merchant$1.4B+0.4%
Saleof Equipment$117.0M+20.9%

FAQ

When did Air Products and Chemicals report Q1 2026 earnings?
Air Products and Chemicals (APD) reported Q1 2026 earnings on January 30, 2026 before market open.
What were Air Products and Chemicals's Q1 2026 revenue and EPS?
Air Products and Chemicals reported revenue of $3.1B and eps of $3.16 for Q1 2026.
Did Air Products and Chemicals beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.1B by $51.1M. EPS beat the consensus estimate of $3.04 by $0.12.
How did Air Products and Chemicals's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.8% from $2.9B a year earlier and eps grew 10.5% from $2.86.
Where can I find Air Products and Chemicals's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-029381) and the 10-Q periodic report (0000002969-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.