Air Products & Chemicals (APD) Operating Expenses (2009 - 2026)
Air Products & Chemicals (APD) reported Operating Expenses of $248.8 million for Q1 2026, down 92.16% on a YoY basis from $3.2 billion in Q1 2025, and down 8.23% sequentially from $271.1 million in Q4 2025.
Air Products & Chemicals (APD) Operating Expenses (2009 - 2026) Analysis & Trends
Air Products & Chemicals (APD) has 18 years of Operating Expenses data on file, last reported at $248.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 92.16% year-over-year to $248.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.8 billion (down 53.61% YoY), and the FY2025 full-year result was $4.7 billion, up 331.92% from the prior year.
- Operating Expenses slipped to $248.8 million in Q1 2026, from $271.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.2 billion in Q1 2025 to a low of $241.7 million in Q2 2022.
- A 5-year average of $499.8 million and a median of $264.4 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 882.29% in 2025 and sank 92.16% in 2026, its largest moves.
- Tracing APD's Operating Expenses over 5 years: stood at $258.8 million in 2022, then advanced by 2.05% to $264.1 million in 2023, then rose by 0.11% to $264.4 million in 2024, then gained by 2.53% to $271.1 million in 2025, then fell by 8.23% to $248.8 million in 2026.
- Business Quant data shows APD's Operating Expenses at $248.8 million in Q1 2026, $271.1 million in Q4 2025, and $1.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.95 Bn | 233.99 Bn | 4.26 Bn | 931.00 Mn |
| 2 | Sherwin Williams | 78.17 Bn | 77.95 Bn | 2.78 Bn | 1.97 Bn |
| 3 | Ecolab | 76.02 Bn | 75.37 Bn | 1.85 Bn | 1.08 Bn |
| 4 | Air Products & Chemicals | 66.38 Bn | 65.43 Bn | 987.40 Mn | 248.80 Mn |
| 5 | Ppg Industries | 26.02 Bn | 24.40 Bn | 1.66 Bn | 998.00 Mn |
| 6 | LyondellBasell Industries | 22.51 Bn | 19.87 Bn | 701.00 Mn | 6.96 Bn |
| 7 | Chemical & Mining Co Of Chile | 19.70 Bn | 15.83 Bn | 778.60 Mn | -48.90 Mn |
| 8 | International Flavors & Fragrances | 19.51 Bn | 18.95 Bn | 1.02 Bn | 599.00 Mn |
| 9 | DuPont de Nemours | 18.80 Bn | 18.71 Bn | 602.00 Mn | 302.00 Mn |
| 10 | Rpm International | 13.63 Bn | 13.32 Bn | 950.03 Mn | 644.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 236.50 Mn |