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Air Products and Chemicals APD Q3 2026 earnings

Reported July 30, 2026 · Before market open

Revenue$3.2BMiss by $41.0M
Adjusted EPS$3.47Beat by $0.13
Revenue estimate$3.2B
EPS estimate$3.34
“Despite macroeconomic volatility, Air Products delivered 12 percent growth in adjusted EPS and high single-digit adjusted operating income improvement this quarter through continued discipline in our underlying business. Having taken additional decisions to further optimize our large project portfolio, we have a clear pathway to reduce capital expenditures and drive continued profitable growth through high-quality, traditional industrial gas projects. We are also pleased to have finalized our marketing and distribution agreement with Yara, creating the first fully integrated value chain for renewable ammonia by enabling product from the world's first large-scale green ammonia plant to be sold and delivered through Yara's existing global supply chain.”
Eduardo Menezes

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

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

Financials

Q3 2026

Income statement

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Revenue$3.2B+4.6%
Gross profit$1.0B+5.4%
Operating income-$2.1B-365%
Net income-$1.4B-302%
EPS (diluted)-$6.47-302%

Balance sheet

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Cash & equivalents$980.5M-57.8%
Total debt$126.7M-89.3%
Total equity$16.6B+6.8%
Total assets$40.4B-2.9%

Cash flow

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Operating cash flow$1.3B+52.5%
CapEx$995.7M-33.4%
Free cash flow$309.5M+148%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$68.29B+4.2%
Enterprise value$68.69B+6.6%
P/S5.4×0.0×

Profitability

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Gross margin32.1%+0.2pp
Operating margin-4.8%-17.5pp
Net margin-0.4%-13.3pp
FCF margin-2.4%-1.2pp

Returns & leverage

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Return on equity-0.3%-10.4pp
Debt / equity0×-0.1×
Current ratio1.1×-0.2×

FAQ

When did Air Products and Chemicals report Q3 2026 earnings?
Air Products and Chemicals (APD) reported Q3 2026 earnings on July 30, 2026 before market open.
What were Air Products and Chemicals's Q3 2026 revenue and EPS?
Air Products and Chemicals reported revenue of $3.2B and adjusted eps of $3.47 for Q3 2026.
Did Air Products and Chemicals beat estimates in Q3 2026?
Revenue missed the consensus estimate of $3.2B by $41.0M. EPS beat the consensus estimate of $3.34 by $0.13.
How did Air Products and Chemicals's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.6% from $3.0B a year earlier.
Where can I find Air Products and Chemicals's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000002969-26-000034) and the 10-Q periodic report (0000002969-26-000036) directly on SEC EDGAR. The filing index links above go to sec.gov.