Air Products & Chemicals (APD) Gross Margin (2009 - 2026)
Air Products & Chemicals' Gross Margin came in at 32.77% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 0.27 percentage points from 32.51% a year earlier and up 1.64 percentage points from the prior quarter.
Air Products & Chemicals (APD) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Air Products & Chemicals reported Gross Margin of 32.06%, up 0.19 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 31.41%, down 1.08 percentage points from FY2024.
- Gross Margin carries a five-year change of -2.44 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Gross Margin was 32.49% in FY2024 (+2.60 pp), 29.90% in FY2023 (+3.44 pp), 26.46% in FY2022 (-3.93 pp) and 30.39% in FY2021 (-3.47 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Gross Margin since fiscal Q4 2024.
- Year-over-year, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +0.19 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q3 2023 (a gain of 5.18 percentage points), and the weakest in fiscal Q1 2022 (a drop of 5.54 percentage points).
- Business Quant data shows APD's Gross Margin at 31.13% (Q2 2026), 32.07% (Q1 2026) and 32.25% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 217.60 Bn | 200.72 Bn | 4.43 Bn | 47.67% |
| 2 | Corning | 130.50 Bn | 123.63 Bn | 1.63 Bn | 36.14% |
| 3 | Sherwin Williams | 80.80 Bn | 79.84 Bn | 3.34 Bn | 49.17% |
| 4 | Air Products & Chemicals | 62.07 Bn | 59.97 Bn | 1.04 Bn | 32.77% |
| 5 | Corteva | 51.85 Bn | 40.65 Bn | 3.66 Bn | 57.39% |
| 6 | LyondellBasell Industries | 37.65 Bn | 27.27 Bn | 2.04 Bn | 22.21% |
| 7 | Nutrien | 34.70 Bn | 31.57 Bn | 3.25 Bn | 30.07% |
| 8 | Qnity Electronics | 26.13 Bn | 23.56 Bn | 666.00 Mn | 46.61% |
| 9 | Ati | 24.61 Bn | 22.75 Bn | 309.80 Mn | 24.57% |
| 10 | Ppg Industries | 23.77 Bn | 16.57 Bn | 1.81 Bn | 40.22% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.77% |
| Mar 31, 2026 | 31.13% |
| Dec 31, 2025 | 32.07% |
| Sep 30, 2025 | 32.25% |
| Jun 30, 2025 | 32.51% |
| Mar 31, 2025 | 29.57% |
| Dec 31, 2024 | 31.21% |
| Sep 30, 2024 | 33.98% |
| Jun 30, 2024 | 32.82% |
| Mar 31, 2024 | 32.04% |
| Dec 31, 2023 | 31.03% |
| Sep 30, 2023 | 30.84% |
| Jun 30, 2023 | 31.75% |
| Mar 31, 2023 | 28.66% |
| Dec 31, 2022 | 28.42% |
| Sep 30, 2022 | 26.58% |
| Jun 30, 2022 | 26.56% |
| Mar 31, 2022 | 26.94% |
| Dec 31, 2021 | 25.74% |
| Sep 30, 2021 | 29.38% |
Air Products & Chemicals Gross Margin 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=gross-margin&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();