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Linde Income Statement

Revenue, expenses, and profitability over time

Linde generated $34.7B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $7.1B with a 20.44% net margin. Gross margin stands at 48.77% and operating margin at 26.48%. Diluted EPS is $15.07, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$34.7BGross Profit (TTM)$16.9BOperating Income (TTM)$9.2BNet Income (TTM)$7.1BEps Diluted (TTM)$15.07
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$238.31B
P/E Ratio33.65
ROE18.49%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net$74M$18M$15M$14M-$105M$63M
Depreciation and amortization$913M$910M$942M$961M$950M$951M
Other operating income (expense), net$74M$18M$15M$14M-$105M$63M
Research and development$39M$38M$38M$36M$35M$38M
Restructuring charges$0$55M$0-$11M$229M$0
Selling, general and administrative$814M$786M$870M$897M$880M$893M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income$74M$18M$15M$14M-$105M$63M
Other operating income (expense), net$74M$18M$15M$14M-$105M$63M
Gross profit$4B$4B$4.2B$4.2B$4.2B$4.3B
Operating income$2.3B$2.2B$2.4B$2.4B$2B$2.4B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.62$3.53$3.75$4.11$3.29$4.00
Diluted earnings per share$3.60$3.51$3.73$4.09$3.27$3.98
Weighted-average shares, basic—473.3M470.9M468.8M—464.1M
Weighted-average shares, diluted—476.3M473.6M471.5M—466.3M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$39M$38M$33M$36M$43M$40M
Interest expense$53M$60M$67M$64M$64M$62M
Non-service pension and postretirement benefit expense-$46M-$56M-$59M-$57M-$57M-$54M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$2.3B$2.2B$2.3B$2.4B$2B$2.4B
Income from continuing operations before equity method investments$1.7B$1.7B$1.8B$1.9B$1.5B$1.9B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$533M$511M$573M$424M$481M$571M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.7B$1.7B$1.8B$1.9B$1.5B$1.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable and other current liabilities—-$209M-$290M—-$83M$35M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$2.8B$2.2B$2.2B$2.9B$3B$2.2B
Other income, net$74M$18M$15M$14M-$105M$63M
Revenue From Contract With Customer Excluding Assessed Tax$8.3B$8.1B$8.5B$8.6B$8.8B$8.8B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$8.3B$8.1B$8.5B$8.6B$8.8B$8.8B