Air Products & Chemicals (APD) Operating Expenses (2009 - 2026)
Air Products & Chemicals (APD) posted Operating Expenses of $3.1 billion for Q2 2026, up 1165.27% sequentially from $248.8 million in Q1 2026, and up 1062.48% YoY from $270.8 million in Q2 2025.
Air Products & Chemicals (APD) Operating Expenses (2009 - 2026) Analysis & Trends
Air Products & Chemicals has reported Operating Expenses for 18 years, with the latest figure at $3.1 billion in Q2 2026.
- Quarterly Operating Expenses rose 1062.48% year-over-year to $3.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.7 billion (up 329.56% YoY) and the FY2025 annual result came in at $4.7 billion, up 331.92% from the prior year.
- Operating Expenses improved to $3.1 billion in Q2 2026 per APD's latest filing, from $248.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $3.1 billion in Q2 2026 and troughed at $241.7 million in Q2 2022.
- A 5-year average of $488.0 million and a median of $267.6 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses slumped 30.39% in 2024, then jumped 1062.48% in 2026.
- Over 5 years, Operating Expenses stood at $258.8 million in 2022, then increased by 2.05% to $264.1 million in 2023, then climbed by 0.11% to $264.4 million in 2024, then grew by 2.53% to $271.1 million in 2025, then jumped by 1061.2% to $3.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.1 billion, $248.8 million, and $271.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 222.77 Bn | 217.87 Bn | 4.43 Bn | 928.00 Mn |
| 2 | Sherwin Williams | 84.55 Bn | 84.26 Bn | 3.34 Bn | 2.10 Bn |
| 3 | Ecolab | 78.89 Bn | 73.75 Bn | 1.95 Bn | 1.19 Bn |
| 4 | Air Products & Chemicals | 66.91 Bn | 65.93 Bn | 1.04 Bn | 3.15 Bn |
| 5 | Ppg Industries | 25.15 Bn | 23.56 Bn | 1.81 Bn | 1.15 Bn |
| 6 | Chemical & Mining Co Of Chile | 22.35 Bn | 18.48 Bn | 778.60 Mn | -48.90 Mn |
| 7 | LyondellBasell Industries | 22.02 Bn | 19.39 Bn | 2.04 Bn | 7.63 Bn |
| 8 | International Flavors & Fragrances | 21.27 Bn | 20.70 Bn | 853.00 Mn | 613.00 Mn |
| 9 | DuPont de Nemours | 18.86 Bn | 17.12 Bn | 639.00 Mn | 311.00 Mn |
| 10 | Albemarle | 15.88 Bn | 14.25 Bn | 590.30 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.15 Bn |
| Mar 31, 2026 | 248.80 Mn |
| Dec 31, 2025 | 271.10 Mn |
| Sep 30, 2025 | 1.04 Bn |
| Jun 30, 2025 | 270.80 Mn |
| Mar 31, 2025 | 3.17 Bn |
| Dec 31, 2024 | 264.40 Mn |
| Sep 30, 2024 | 250.10 Mn |
| Jun 30, 2024 | 262.40 Mn |
| Mar 31, 2024 | 323.00 Mn |
| Dec 31, 2023 | 264.10 Mn |
| Sep 30, 2023 | 257.40 Mn |
| Jun 30, 2023 | 327.00 Mn |
| Mar 31, 2023 | 464.00 Mn |
| Dec 31, 2022 | 258.80 Mn |
| Sep 30, 2022 | 328.70 Mn |
| Jun 30, 2022 | 241.70 Mn |
| Mar 31, 2022 | 250.70 Mn |
| Dec 31, 2021 | 256.10 Mn |
| Sep 30, 2021 | 227.80 Mn |