Air Products & Chemicals (APD) Cost of Revenue (2009 - 2026)
Air Products & Chemicals (APD) reported Cost of Revenue of $2.13 billion for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 4.2% from $2.04 billion a year earlier but down 2.7% from the prior quarter.
Air Products & Chemicals (APD) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Air Products & Chemicals' Cost of Revenue came in at $8.56 billion, up 4.2% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $8.26 billion, up 1.1% from FY2024.
- Cost of Revenue has a five-year compound annual growth rate of 7.1% (FY2020 to FY2025).
- By fiscal year, Cost of Revenue came in at $8.17 billion in FY2024 (-7.5%), $8.83 billion in FY2023 (-5.4%), $9.34 billion in FY2022 (+30.0%) and $7.19 billion in FY2021 (+22.7%).
- Five-year quarterly Cost of Revenue spans a low of $1.99 billion in fiscal Q2 2024 and a high of $2.62 billion in fiscal Q4 2022.
- Year over year, Cost of Revenue has now increased in each of the last six quarters, with growth averaging 1.8% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was fiscal Q1 2022 (growth of 36.2%); the low point was fiscal Q4 2023 (a decline of 15.8%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $2.18 billion (Q2 2026), $2.11 billion (Q1 2026) and $2.15 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 221.03 Bn | 204.14 Bn | 4.43 Bn | 4.86 Bn |
| 2 | Corning | 141.47 Bn | 134.60 Bn | 1.63 Bn | 2.88 Bn |
| 3 | Sherwin Williams | 77.59 Bn | 76.63 Bn | 3.34 Bn | 3.45 Bn |
| 4 | Air Products & Chemicals | 61.84 Bn | 59.74 Bn | 1.04 Bn | 2.13 Bn |
| 5 | LyondellBasell Industries | 37.84 Bn | 27.46 Bn | 2.04 Bn | 7.14 Bn |
| 6 | Nutrien | 33.77 Bn | 30.64 Bn | 3.25 Bn | 7.36 Bn |
| 7 | Qnity Electronics | 27.51 Bn | 24.93 Bn | 666.00 Mn | 763.00 Mn |
| 8 | Ati | 26.21 Bn | 24.36 Bn | 309.80 Mn | 951.30 Mn |
| 9 | Ppg Industries | 23.37 Bn | 16.17 Bn | 1.81 Bn | 2.69 Bn |
| 10 | International Flavors & Fragrances | 21.04 Bn | 18.74 Bn | 853.00 Mn | 1.10 Bn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.13 Bn |
| Mar 31, 2026 | 2.18 Bn |
| Dec 31, 2025 | 2.11 Bn |
| Sep 30, 2025 | 2.15 Bn |
| Jun 30, 2025 | 2.04 Bn |
| Mar 31, 2025 | 2.05 Bn |
| Dec 31, 2024 | 2.02 Bn |
| Sep 30, 2024 | 2.10 Bn |
| Jun 30, 2024 | 2.01 Bn |
| Mar 31, 2024 | 1.99 Bn |
| Dec 31, 2023 | 2.07 Bn |
| Sep 30, 2023 | 2.21 Bn |
| Jun 30, 2023 | 2.07 Bn |
| Mar 31, 2023 | 2.28 Bn |
| Dec 31, 2022 | 2.27 Bn |
| Sep 30, 2022 | 2.62 Bn |
| Jun 30, 2022 | 2.34 Bn |
| Mar 31, 2022 | 2.15 Bn |
| Dec 31, 2021 | 2.22 Bn |
| Sep 30, 2021 | 2.01 Bn |
Air Products & Chemicals Cost of Revenue 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=cost-of-revenue&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();