The financials
Air Products by the numbers
Air Products (APD) reported revenue of $3.16B in Q3 2026 (quarter ended June 30, 2026), up 4.6% from the same quarter a year earlier. That came with a gross margin of 33% and net loss of $1.44B. For the full year FY2025, revenue was $12.0B (−0.5% year on year) and net income −$395M. Its largest segment in 2026-Q2 was Americas at $783M, 47% of the disclosed total, just ahead of Asia at 36%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $3.16B | $3.02B | +4.6% |
| Gross profit | $1.04B | $983M | +5.4% |
| Operating income | −$2.10B | $791M | to a loss |
| Net income | −$1.44B | $714M | to a loss |
| Diluted EPS | −$6.47 | $3.20 | to a loss |
| Operating | Revenue | Share |
|---|---|---|
| Americas | $783M | 47% |
| Asia | $594M | 36% |
| Europe | $278M | 17% |
| Middle East And India | $16M | 0.9% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.67B (-2.4%)
Americas grew +11% year on yearMiddle East And India -34% year on year
Segment Latestquarter on quarteryear on year
- Americas$783.1M$783.1MQoQ -6.8%year on year +11%-6.8%+11%
- Asia$594.3M$594.3MQoQ +2.3%year on year +8.8%+2.3%+8.8%
- Europe$277.7M$277.7MQoQ +1.1%year on year +4.6%+1.1%+4.6%
- Middle East And India$15.8M$15.8MQoQ -0.63%year on year -34%-0.63%-34%
- Corporate And Other$0.00$0.00QoQ -year on year ---
- Middle East And India--QoQ -year on year ---
Specialty Chemicals
Ranks #18 of 36 by Smart Score