Air Products & Chemicals (APD) Capital Expenditures (2009 - 2026)
Air Products & Chemicals (APD) recorded Capital Expenditures of $995.7 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 33.4% from $1.5 billion a year earlier and down 10.1% from the prior quarter.
Air Products & Chemicals (APD) Capital Expenditures (2009 - 2026) Analysis & Trends
On a TTM basis, Air Products & Chemicals' Capital Expenditures came in at $4.87 billion as of Jun 30, 2026, down 35.7% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $7.02 billion, up 3.3% from FY2024.
- Annual Capital Expenditures has increased for four straight fiscal years, with a five-year compound annual growth rate of 22.9% (FY2020 to FY2025).
- Across earlier fiscal years, Capital Expenditures came in at $6.8 billion in FY2024 (+46.9%), $4.63 billion in FY2023 (+58.1%), $2.93 billion in FY2022 (+18.8%) and $2.46 billion in FY2021 (-1.8%).
- The fiscal Q3 2026 figure is the lowest quarterly Capital Expenditures since fiscal Q1 2023.
- On a year-over-year basis, Capital Expenditures has declined for five consecutive quarters, with an average decline of 6.0% over the last eight quarters.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 87.4% in fiscal Q3 2023, against a decline of 41.4% in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.11 billion (Q2 2026), $1.25 billion (Q1 2026) and $1.52 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.80 Bn | 201.92 Bn | 4.43 Bn | 1.44 Bn |
| 2 | Corning | 132.43 Bn | 125.56 Bn | 1.63 Bn | 422.00 Mn |
| 3 | Sherwin Williams | 78.49 Bn | 77.53 Bn | 3.34 Bn | 108.40 Mn |
| 4 | Air Products & Chemicals | 61.97 Bn | 59.87 Bn | 1.04 Bn | 995.70 Mn |
| 5 | Corteva | 51.82 Bn | 40.62 Bn | 3.66 Bn | 122.00 Mn |
| 6 | LyondellBasell Industries | 37.12 Bn | 26.74 Bn | 2.04 Bn | 270.00 Mn |
| 7 | Nutrien | 33.86 Bn | 30.73 Bn | 3.25 Bn | -491.00 Mn |
| 8 | Qnity Electronics | 26.31 Bn | 23.73 Bn | 666.00 Mn | 90.00 Mn |
| 9 | Ati | 25.78 Bn | 23.93 Bn | 309.80 Mn | 68.60 Mn |
| 10 | Ppg Industries | 23.19 Bn | 15.99 Bn | 1.81 Bn | 113.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 995.70 Mn |
| Mar 31, 2026 | 1.11 Bn |
| Dec 31, 2025 | 1.25 Bn |
| Sep 30, 2025 | 1.52 Bn |
| Jun 30, 2025 | 1.50 Bn |
| Mar 31, 2025 | 1.89 Bn |
| Dec 31, 2024 | 2.12 Bn |
| Sep 30, 2024 | 2.08 Bn |
| Jun 30, 2024 | 1.61 Bn |
| Mar 31, 2024 | 1.67 Bn |
| Dec 31, 2023 | 1.45 Bn |
| Sep 30, 2023 | 1.46 Bn |
| Jun 30, 2023 | 1.32 Bn |
| Mar 31, 2023 | 1.01 Bn |
| Dec 31, 2022 | 834.20 Mn |
| Sep 30, 2022 | 787.40 Mn |
| Jun 30, 2022 | 705.50 Mn |
| Mar 31, 2022 | 769.80 Mn |
| Dec 31, 2021 | 663.80 Mn |
| Sep 30, 2021 | 616.40 Mn |
Air Products & Chemicals Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "APD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();