Air Products and Chemicals, Inc. (APD) income statement
NYSE · Basic Materials · Chemicals - Specialty · 21,194 employees · CEO Eduardo F. Menezes
- Price
- $316.43 +1.50%
- Market cap
- $70.5B
- Enterprise value
- $87.6B
- Last report
- Q3 '26 filed 2026-07-30
- Next report
- 2026-11-05 EPS est. $3.61
Air Products and Chemicals, Inc. (APD) reported revenue of $3.16B for Q3 '26 (+4.6% year on year), operating income of -$2.1B (-66.3% of revenue) and net income of -$1.44B. Over the last four quarters revenue was $12.6B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.19B | $3B | $2.93B | $2.99B | $3.19B | $2.93B | $2.92B | $3.02B | $3.17B | $3.1B | $3.17B | $3.16B | |
| Cost of revenue | $2.21B | $2.07B | $1.99B | $2.01B | $2.1B | $2.02B | $2.05B | $2.04B | $2.15B | $2.11B | $2.18B | $2.13B | |
| Gross profit | $984M | $931M | $939M | $979M | $1.08B | $915M | $862M | $983M | $1.02B | $995M | $987M | $1.04B | |
| Research & development | $24.7M | $25.7M | $25.4M | $27M | $22.1M | $22M | $22.9M | $24.1M | $27.3M | $20.4M | $21.6M | $21.5M | |
| General & administrative | $0 | $238M | $0 | $0 | $0 | $242M | $222M | $223M | $219M | $229M | $227M | $0 | |
| Other operating expenses | -$11.9M | -$800K | $35.5M | -$20.1M | -$1.59B | $7M | $2.95B | -$54.7M | $758M | $11.4M | -$14.1M | $2.89B | |
| Operating expenses | $246M | $263M | $302M | $242M | -$1.34B | $271M | $3.19B | $192M | $1B | $261M | $235M | $3.13B | |
| Operating income | $739M | $667M | $637M | $738M | $2.42B | $644M | -$2.33B | $791M | $16.8M | $735M | $753M | -$2.1B | |
| Interest expense | $48M | $53.5M | $59.9M | $55.7M | $49.7M | $42.6M | $42.2M | $61.4M | $67.8M | $54.5M | $49.5M | $49.4M | |
| Other non-operating income (gains on investments, FX ...) | -$151M | -$144M | -$134M | -$168M | -$129M | -$190M | -$127M | -$162M | -$172M | -$171M | -$180M | -$2.9B | |
| Total non-operating income | $103M | $90.1M | $74.2M | $112M | $78.9M | $147M | $84.7M | $100M | $105M | $116M | $131M | $159M | |
| Income before tax | $841M | $757M | $711M | $850M | $2.5B | $791M | -$2.24B | $891M | $121M | $851M | $884M | -$1.94B | |
| Income tax | $154M | $135M | $131M | $141M | $538M | $141M | -$506M | $160M | $111M | $159M | $159M | -$515M | |
| Net income | $693M | $609M | $572M | $697M | $1.95B | $617M | -$1.73B | $714M | $4.9M | $678M | $710M | -$1.44B | |
| EPS (basic) | $3.11 | $2.74 | $2.57 | $3.13 | $8.76 | $2.77 | -$7.77 | $3.20 | $0.02 | $3.04 | $3.19 | -$6.46 | |
| EPS (diluted) | $3.11 | $2.73 | $2.57 | $3.13 | $8.75 | $2.77 | -$7.77 | $3.20 | $0.02 | $3.04 | $3.19 | -$6.46 | |
| Shares (basic, weighted) | 222M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | |
| Shares (diluted, weighted) | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | 223M | |
| Depreciation & amortization | $357M | $349M | $361M | $360M | $381M | $367M | $384M | $401M | $413M | $371M | $375M | $385M | |
| EBITDA | $1.25B | $1.16B | $1.13B | $1.27B | $2.93B | $1.2B | -$1.82B | $1.35B | $602M | $1.28B | $1.31B | $1.19B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | $8.19B | $8.93B | $8.92B | $8.86B | $10.3B | $12.7B | $12.6B | $12.1B | $12B | |
| Cost of revenue | $5.18B | $5.75B | $6.19B | $5.98B | $5.86B | $7.19B | $9.34B | $8.83B | $8.17B | $8.26B | |
| Gross profit | $2.33B | $2.43B | $2.74B | $2.94B | $3B | $3.14B | $3.36B | $3.77B | $3.93B | $3.78B | |
| Research & development | $71.6M | $57.8M | $64.5M | $72.9M | $83.9M | $93.5M | $103M | $106M | $100M | $96.3M | |
| General & administrative | $684M | $714M | $761M | $750M | $742M | $828M | $901M | $0 | $0 | $906M | |
| Other operating expenses | $35.9M | $225M | -$50.2M | -$23.9M | -$65.4M | -$52.8M | $17.8M | $210M | -$1.58B | $3.66B | |
| Operating expenses | $791M | $996M | $775M | $799M | $761M | $869M | $1.02B | $1.27B | -$534M | $4.66B | |
| Operating income | $1.54B | $1.44B | $1.97B | $2.14B | $2.24B | $2.28B | $2.34B | $2.49B | $4.47B | -$877M | |
| Interest income | $6.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $115M | $121M | $131M | $137M | $109M | $142M | $128M | $178M | $219M | $214M | |
| Other non-operating income (gains on investments, FX ...) | -$135M | -$96.7M | -$180M | -$282M | -$296M | -$368M | -$544M | -$565M | -$574M | -$650M | |
| Total non-operating income | $19.5M | -$23.9M | $49.4M | $145M | $186M | $226M | $416M | $388M | $355M | $436M | |
| Income before tax | $1.55B | $1.42B | $2.02B | $2.29B | $2.42B | $2.51B | $2.75B | $2.88B | $4.82B | -$441M | |
| Income tax | $433M | $261M | $524M | $480M | $478M | $463M | $501M | $551M | $945M | -$94.3M | |
| Net income | $631M | $3B | $1.5B | $1.76B | $1.89B | $2.1B | $2.26B | $2.3B | $3.83B | -$395M | |
| EPS (basic) | $2.92 | $13.76 | $6.83 | $7.99 | $8.59 | $9.16 | $10.11 | $10.31 | $17.21 | -$1.77 | |
| EPS (diluted) | $2.89 | $13.65 | $6.78 | $7.94 | $8.55 | $9.12 | $10.08 | $10.30 | $17.18 | -$1.77 | |
| Shares (basic, weighted) | 216M | 218M | 219M | 220M | 221M | 222M | 222M | 222M | 223M | 223M | |
| Shares (diluted, weighted) | 218M | 220M | 221M | 222M | 222M | 223M | 223M | 223M | 223M | 223M | |
| Depreciation & amortization | $855M | $866M | $971M | $1.08B | $1.19B | $1.32B | $1.34B | $1.36B | $1.45B | $1.56B | |
| EBITDA | $2.52B | $2.4B | $3.12B | $3.51B | $3.72B | $3.97B | $4.22B | $4.42B | $6.49B | $1.34B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-K 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-K 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01