What is Air Products and Chemicals's revenue?

Air Products and Chemicals (APD) generated $12.5B in revenue over the trailing twelve months, up 3.7% year over year.

Is Air Products and Chemicals profitable?

Air Products and Chemicals reported $2.1B in net income over the trailing twelve months, a 16.9% net margin.

What are Air Products and Chemicals's profit margins?

Gross margin is 32.0% and operating margin is 18.3%, with a 16.9% net margin.

What is Air Products and Chemicals's earnings per share?

Air Products and Chemicals's diluted EPS over the trailing twelve months is $9.43.

Where does Air Products and Chemicals's income statement data come from?

Every line is extracted from Air Products and Chemicals's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Air Products and Chemicals APD Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Total revenue	$12.46B+3.7%	$12.21B+1.4%	$12.04B-0.5%	$12.06B-0.4%	$12.02B-1.1%
Total cost of revenue	$8.48B+3.6%	$8.35B+2.8%	$8.26B+1.1%	$8.21B-0.7%	$8.18B-1.9%
Research and development	$93.4M-0.6%	$94.7M-1.9%	$96.3M-3.9%	$91.1M-11.4%	$94M-10.6%
Selling, general and administrative	$897.6M-3.3%	$892.4M-5.7%	$906.1M-3.9%	$915M-3.4%	$927.8M-2.4%
Professional fees	——	——	$31.9M—	——	——
Depreciation and amortization	$1.56B+4.6%	$1.57B+6.8%	$1.56B+7.8%	$1.53B+7.3%	$1.49B+6.0%
Restructuring charges	$841.1M—	$3.77B—	$3.75B—	——	——
Operating income	$2.28B+54.2%	-$802.9M-118%	-$893.8M-120%	$1.53B-44.9%	$1.48B-45.0%
Operating margin	18.3%+6.0pp	-6.6%-43.5pp	-7.4%-44.3pp	12.7%-10.3pp	12.3%-9.8pp
Interest expense	$233.2M+22.6%	$225.9M+8.7%	$214M-2.2%	$195.9M-9.8%	$190.2M-8.9%
Income from equity method investments	$703.2M+9.5%	$669.3M+4.6%	$647.7M0.0%	$640.8M+1.1%	$642.1M+1.9%
Income before income taxes	——	——	——	$1.94B-38.5%	$1.9B-37.9%
Income tax expense	——	——	——	$332.9M-40.6%	$313.9M-43.9%
Net income	$2.1B+37.1%	-$338.6M-109%	-$399.4M-110%	$1.55B-39.7%	$1.53B-37.9%
Net margin	16.9%+4.1pp	-2.8%-34.7pp	-3.3%-35.0pp	12.9%-8.4pp	12.8%-7.6pp
Net income attributable to noncontrolling interests	$42.2M+8.5%	$20.9M-61.5%	$40.1M+17.3%	$36M+3.2%	$38.9M+3.7%
Diluted earnings per share	$9.43+37.1%	-$1.53-109%	-$1.80-110%	$6.95-39.8%	$6.88-37.9%
Basic earnings per share	$9.43+36.7%	-$1.53-109%	-$1.80-110%	$6.97-39.7%	$6.90-37.9%
Weighted-average shares, diluted	891.4M0.0%	891.3M0.0%	891.3M0.0%	891.4M0.0%	891.3M0.0%
Weighted-average shares, basic	891.1M+0.1%	891.1M+0.1%	891M+0.1%	890.8M+0.1%	890.5M+0.1%
Purchased power and fuel from affiliates	——	——	——	——	——
Share-based compensation expense related to employee stock plans	$45.2M-43.4%	$68.2M+16.0%	$72M+23.5%	$76.8M+36.4%	$79.8M+44.8%
Pre-tax stock-based compensation cost	$48.1M-45.4%	$70.4M+9.0%	$76.6M+24.1%	$81.5M+36.3%	$88.1M+55.4%
Share-Based Payment Arrangement, Expense, after Tax	$36.6M-45.5%	$53.7M+9.6%	$58.3M+24.6%	$61.9M+36.0%	$67.1M+55.7%
Amortization of capitalized software and acquired intangible assets	——	——	$37.3M+18.4%	$35.85M+12.9%	$34.4M+7.5%
Asset Retirement Obligation, Transfer To Held For Sale	——	——	$15.7M—	——	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	——	——
Dividends declared (in dollars per share)	$7.18+1.1%	$7.16+1.1%	$7.14+1.1%	$7.12+1.1%	$7.1+1.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$2.53B+89.8%	$275.4M-91.8%	-$454.6M-111%	$1.97B-20.6%	$1.33B-43.5%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$2.6B+91.6%	$282.5M-92.0%	-$349.4M-108%	$2B-24.1%	$1.36B-45.5%
Federal	——	——	$38M-93.1%	$166.08M-63.5%	$294.15M-18.1%
Foreign	——	——	$416.9M+17.5%	$401.35M+12.2%	$385.8M+6.9%
Current State And Local Tax Expense Benefit	——	——	$5.6M-94.9%	$31.5M-65.8%	$57.4M-23.6%
Federal	——	——	-$497.4M-409%	-$397.5M-420%	-$297.6M-440%
Deferred taxes	$68M—	-$513.2M—	-$597.7M—	——	——
State	——	——	-$95M-533%	-$75M-491%	-$55M-429%
Defined Contribution Plan Cost Recognized	——	——	$81M-1.9%	$81.4M+2.0%	$81.8M+6.2%
Depreciation	——	——	$1.53B+7.6%	$1.5B+7.4%	$1.47B+7.3%
Dividends, Common Stock, Cash	$1.6B+1.2%	$1.59B+1.2%	$1.59B+1.2%	$1.58B+1.2%	$1.58B+1.2%
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	——	——	——	——
Effective tax rates	——	——	——	$0.6—	$0.59—
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary	——	——	——	——	——
Effective Income Tax Rate Reconciliation, FDII, Amount	——	——	——	——	——
Foreign operations	——	——	——	——	——
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Restructuring Charges, Percent	——	——	——	——	——
State income taxes – net of federal income tax benefit	——	——	$0.16+973%	$0.12+805%	$0.09+604%
Effective Income Tax Rate Reconciliation, Tax Credits Net Of Repatriation Of Foreign Earnings	——	——	——	——	——
Share-Based Payment Arrangement, Expense, Tax Benefit	$11.5M-45.2%	$16.7M+7.1%	$18.3M+22.8%	$19.6M+37.1%	$21M+54.4%
Income tax benefit realized from option exercises	——	——	$2.5M-69.9%	$3.95M-57.8%	$5.4M-48.1%
Environmental Remediation Expense	——	——	$37.7M+39.6%	$35.03M+32.3%	$32.35M+24.7%
Distributions of earnings from equity method investees	——	——	$385.5M-12.7%	$399.55M-4.3%	$413.6M+5.2%
Gain Loss On Sale Of Investments	$58.1M+128%	$58.5M+45.9%	$66.4M+111%	$55M+102%	$25.5M-2.3%
Translation and other	——	——	——	——	——
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	$175.1M-19.4%	$249.9M+17.4%	$269.8M+31.0%	$219.7M-13.9%	$217.2M-27.9%
Tax holiday income tax benefits	——	——	$30.3M+17.9%	$29.15M+14.4%	$28M+10.9%
Income Tax Holiday Income Tax Benefits Per Share	——	——	$0.14+16.7%	$0.14+14.9%	$0.13+13.0%
Income Tax Reconciliation Repatriation Of Foreign Earnings	——	——	——	——	——
Income taxes paid	——	——	$395M—	——	——
Income Taxes Paid, Net	$494M-50.8%	$926.2M+42.6%	$940.7M+52.7%	$969.8M+47.0%	$1B+56.9%
Accounts payable and other current liabilities	-$422.7M—	-$445.8M—	-$224M—	-$378.7M—	——
Increase (Decrease) in Accounts Receivable	——	——	——	$192M+213%	$208.8M+52,100%
Increase (Decrease) in Inventories	$6.4M-92.8%	$53.2M-35.7%	$35.8M-74.0%	$62.4M-43.8%	$89.5M-4.7%
Increase (Decrease) in Leasing Receivables	-$48.6M+53.3%	-$49.5M+55.5%	-$52.5M+54.8%	-$97.1M-24.6%	-$104M-29.5%
Increase (Decrease) in Other Operating Assets and Liabilities, Net	——	——	——	$232.6M+510%	$89.2M—
Increase (Decrease) in Other Receivables	——	——	——	——	——
Add - Incremental shares under stock-based compensation plans (in shares)	300K-62.5%	200K-80.0%	300K-72.7%	600K-50.0%	800K-38.5%
Interest Costs Capitalized Adjustment	——	——	$401.8M+39.0%	$373.63M+52.1%	$345.45M+70.8%
Interest Paid, Excluding Capitalized Interest, Operating Activity	——	——	$192.2M-3.0%	$193.7M+6.7%	$195.2M+18.4%
Excluded components recognized within earnings	——	——	$20.4M-35.0%	$23.15M-22.4%	$25.9M-8.3%
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders	——	$6.2M-76.9%	$7.2M-71.7%	$13.7M-88.9%	$13.1M-89.4%
Minority Interest Decrease From Redemptions	——	——	——	——	——
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	——	——	——	——	——
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	——	——	——	——	——
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	——	——	——	——	——
Net Income Loss Attributable To Noncontrolling Interest	$42.2M+8.5%	$20.9M-61.5%	$40.1M+17.3%	$36M+3.2%	$38.9M+3.7%
Net loss	$2.14B+36.1%	-$322.9M-108%	-$364.5M-109%	$1.59B-39.1%	$1.57B-37.3%
Noncontrolling Interest, Decrease (Increase) From Redemptions Or Purchase Of Interests	——	——	——	——	——
Noncontrolling Interest Increase From Sale Of Parent Equity Interest	$353.3M-45.5%	$375.2M-44.4%	$595.6M+39.0%	$635.7M+95.7%	$648.3M-13.8%
Number of reportable segments	——	8.8+75.0%	50.0%	50.0%	50.0%
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax	$394.1M+233%	$601.9M+197%	-$95.6M-125%	$371.6M—	-$297M—
AOCI before reclass, net of taxes	$415.7M+228%	$579.4M+211%	-$87.9M-135%	$371M+862%	-$325M-470%
Net gains (losses) deferred	——	——	——	-$32.6M-121%	-$60M-133%
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From AOCI Realized Upon Sale Or Liquidation Net Of Tax	——	——	——	——	——
Other comprehensive income (loss)	——	——	——	$414.5M+1,255%	-$214.8M-1,100%
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Tax	$14.7M-9.8%	$14.8M-14.0%	$14.7M-18.8%	$15.2M-14.1%	$16.3M-8.4%
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Net Of Tax	$43.2M-14.6%	$44.3M-16.7%	$46M-17.7%	$48.3M-12.3%	$50.6M-7.7%
Other income (expense), net	$98M+34.8%	$97.8M+21.8%	$110.1M+89.2%	$89.1M+64.1%	$72.7M+72.3%
Other income, net (Note 6)	——	——	——	-$34.2M+10.2%	-$29.5M+39.2%
All other operating activities	——	$145.4M+319%	$48M-74.8%	$178.8M+184%	$69.5M+149%
Payment for (Proceeds from) Other Investing Activity	-$65.5M+36.5%	-$88.6M-0.1%	-$115.4M-59.4%	-$139.2M-203%	-$103.2M-19.9%
Payments of Ordinary Dividends, Common Stock	$1.59B+1.2%	$1.59B+1.2%	$1.58B+1.2%	$1.58B+1.2%	$1.57B+1.2%
Payments to Acquire Finance Receivables	$26.1M-43.8%	$46.6M-60.0%	$61.9M-84.6%	$60.6M-84.7%	$46.4M-95.6%
Payments To Acquire Interest In Subsidiaries And Affiliates	——	$410.4M—	$390.4M—	$365.4M—	$365.4M—
Payments to Acquire Property, Plant, and Equipment	$5.37B-30.1%	$6.16B-17.6%	$7.02B+3.3%	$7.58B+22.6%	$7.69B+30.3%
Payments to Acquire Short-Term Investments	——	——	——	——	——
Debt issued (Note 13)	$2.82B-6.9%	$4.31B-0.4%	$4.39B-6.2%	$4.54B-17.8%	$3.03B-42.5%
Proceeds from Noncontrolling Interests	$359.4M-44.0%	$374.7M-44.5%	$594.6M+38.8%	$635.7M+95.7%	$641.6M+111%
Financing — other	-$67.1M+17.4%	-$85.5M+19.8%	-$91.3M+31.1%	-$86.6M+65.7%	-$81.2M+69.9%
Proceeds from (Repayments of) Short-Term Debt	-$450.6M-192%	$14.1M+101%	-$74.7M+74.2%	$108.1M—	$487.6M—
Proceeds from redemptions/sales of short-term investments	$111.4M-2.6%	$117.5M-67.0%	$122.5M-74.0%	$180.1M-66.9%	$114.4M-82.5%
Proceeds from sale of assets	$258.3M-86.4%	$237.5M-87.6%	$245.8M-86.9%	$2.04B+5,207%	$1.9B+4,835%
Reclassified net gains (losses) from AOCI into earnings	-$35.6M—	-$15.9M—	-$92.9M—	——	——
Repayments of Long-Term Debt	$686.3M-9.0%	$987.4M+123%	$429.9M-11.6%	$789.6M+815%	$753.8M+796%
Business and asset actions, attributable to noncontrolling interest	——	——	——	——	——
Business and asset actions, including equity affiliate income, attributable to Air Products after tax	——	——	——	——	——
Business and asset actions, including equity affiliate income	——	——	$3.7B—	——	——
Restructuring charges tax benefit	——	——	——	——	——
Restructuring, Settlement and Impairment Provisions	——	——	$3.75B+6,486%	$2.83B+2,623%	$1.91B+1,164%
Stock-based compensation	$48.2M-45.2%	$70.6M+9.6%	$76.4M+23.6%	$81.3M+34.8%	$88M+53.8%
Exercised (in shares)	——	——	——	——	——
Excess tax benefit from stock option exercises	——	——	$1.9M-72.5%	$3.15M-61.1%	$4.4M-52.7%
Legal, executive separation, and other professional service fees in connection with response to proxy contest	$25M-59.2%	$56.4M+88.6%	$86.3M—	$86.3M—	$61.3M—
Shareholder activism-related costs, after tax	——	——	$71.7M—	——	——
Net tax benefit related to legal, executive separation, and other professional service fees in connection with response to proxy contest	——	——	——	——	——
Distributed under benefit plans	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	——	——	——	——	——
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	-$22.7M—	-$25.7M—	-$36.6M—	——	——
Stockholders' Equity, Other	$1.7M-75.4%	$1.9M-56.8%	$3.5M+40.0%	$3.4M+41.7%	$6.9M+124%
Tax reform repatriation	——	——	-$34.9M—	-$26.18M—	-$17.45M—
Tax reform adjustment related to deemed foreign dividends	——	——	——	——	——
Interest expense and penalties, net (benefit)/charge recognized	——	——	-$200K-111%	$300K-88.5%	$800K-76.5%
Unrecognized tax benefits, refund claim	——	——	$67.8M—	——	——
Foreign currency effect	——	——	$600K-75.0%	$1.05M-51.2%	$1.5M-21.1%
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	——	——	——	——	——
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations	——	——	$20M+102%	$17.48M+73.4%	$14.95M+45.9%
EBIT	$2.28B+54.2%	-$802.9M-118%	-$893.8M-120%	$1.53B-44.9%	$1.48B-45.0%
EBITDA	$3.84B+29.2%	$765.2M-87.1%	$670.4M-88.7%	$3.06B-27.2%	$2.97B-27.5%
EBITDA	$3.84B+29.2%	$765.2M-87.1%	$670.4M-88.7%	$3.06B-27.2%	$2.97B-27.5%
EBITDA margin	30.8%+6.1pp	6.3%-42.9pp	5.6%-43.3pp	25.4%-9.4pp	24.7%-9.0pp
EBIT	$2.28B+54.2%	-$802.9M-118%	-$893.8M-120%	$1.53B-44.9%	$1.48B-45.0%

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Questions, answered.

What is Air Products and Chemicals's revenue?: Air Products and Chemicals (APD) generated $12.5B in revenue over the trailing twelve months, up 3.7% year over year.
Is Air Products and Chemicals profitable?: Air Products and Chemicals reported $2.1B in net income over the trailing twelve months, a 16.9% net margin.
What are Air Products and Chemicals's profit margins?: Gross margin is 32.0% and operating margin is 18.3%, with a 16.9% net margin.
What is Air Products and Chemicals's earnings per share?: Air Products and Chemicals's diluted EPS over the trailing twelve months is $9.43.
Where does Air Products and Chemicals's income statement data come from?: Every line is extracted from Air Products and Chemicals's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.