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Air Products and Chemicals APD Q2 2026 earnings

Reported April 30, 2026 · Before market open

Revenue$3.2BBeat by $102.0M
EPS$3.20Beat by $0.14
Revenue estimate$3.1B
EPS estimate$3.06

Next report

Nov 5, 2026 (In 3 weeks)
Revenue estimate$3.3B
EPS estimate$3.61

Financials

Q2 2026

Income statement

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Revenue$3.2B+8.8%
Gross profit$987.4M+14.5%
Operating income$752.7M+132%
Net income$710.4M+141%
EPS (diluted)$3.19+141%

Balance sheet

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Cash & equivalents$951.0M-36.2%
Total debt$914.5M-35.2%
Total equity$15.6B+6.4%
Total assets$41.6B+7.1%

Cash flow

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Operating cash flow$1.1B+236%
CapEx$1.1B-41.4%
Free cash flow-$3.9M+99.8%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$64.68B-1.4%
Enterprise value$64.64B-1.4%
P/E30.8×-12.0×
P/S5.2×-0.3×

Profitability

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Gross margin32%0.0pp
Operating margin18.3%+6.0pp
Net margin16.9%+4.1pp
FCF margin-10%-4.2pp

Returns & leverage

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Return on equity13.9%+3.5pp
Debt / equity0.1×0.0×
Current ratio1.4×+0.4×

Segments

By segment

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Americas$1.4B+7.5%
Asia$832.6M+7.6%
Europe$789.0M+8.5%
Corporate And Other$137.1M+44.8%

By product

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Onsite$1.7B+10.3%
Merchant$1.3B+4.3%
Saleof Equipment$137.1M+44.8%

FAQ

When did Air Products and Chemicals report Q2 2026 earnings?
Air Products and Chemicals (APD) reported Q2 2026 earnings on April 30, 2026 before market open.
What were Air Products and Chemicals's Q2 2026 revenue and EPS?
Air Products and Chemicals reported revenue of $3.2B and eps of $3.20 for Q2 2026.
Did Air Products and Chemicals beat estimates in Q2 2026?
Revenue beat the consensus estimate of $3.1B by $102.0M. EPS beat the consensus estimate of $3.06 by $0.14.
How did Air Products and Chemicals's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $2.9B a year earlier and eps grew 19.0% from $2.69.
Where can I find Air Products and Chemicals's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000002969-26-000018) and the 10-Q periodic report (0000002969-26-000020) directly on SEC EDGAR. The filing index links above go to sec.gov.