Air Products & Chemicals (APD) Gross Margin (2009 - 2026)

Air Products & Chemicals has disclosed Gross Margin across 18 years of filings, most recently posting 31.13% for Q1 2026.

• Gross Margin for Q1 2026 came in at 31.13%, up 156.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 31.98% (up 4.0% YoY), and the FY2025 annual result was 31.41%, down 108.0% from the prior year.
• Gross Margin came in at 31.13% for Q1 2026 at Air Products & Chemicals, down from 32.07% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 33.98% in Q3 2024 to a low of 26.56% in Q2 2022.
• The 5-year median for Gross Margin is 31.13% (2026), against an average of 30.49%.
• Across the five-year window, Gross Margin sank 426 bps in 2022 and jumped 518 bps in 2023, its largest moves.
• Air Products & Chemicals' Gross Margin stood at 28.42% in 2022, then grew by 9 bps to 31.03% in 2023, then climbed by 1 bps to 31.21% in 2024, then climbed by 3 bps to 32.07% in 2025, then fell by 3 bps to 31.13% in 2026.
• The last three Gross Margin figures came in at 31.13% (Q1 2026), 32.07% (Q4 2025), and 32.25% (Q3 2025), per Business Quant data.