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Air Products & Chemicals (APD) Operating Expenses (2016 - 2025)

Air Products & Chemicals' Operating Expenses history spans 17 years, with the latest figure at $271.1 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 2.53% year-over-year to $271.1 million; the TTM value through Dec 2025 reached $4.8 billion, up 332.41%, while the annual FY2025 figure was $4.7 billion, 331.92% up from the prior year.
  • Operating Expenses for Q4 2025 was $271.1 million at Air Products & Chemicals, down from $1.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.2 billion in Q1 2025 and bottomed at $227.8 million in Q3 2021.
  • The 5-year median for Operating Expenses is $263.2 million (2023), against an average of $457.1 million.
  • The largest annual shift saw Operating Expenses tumbled 30.39% in 2024 before it soared 882.29% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $256.1 million in 2021, then rose by 1.05% to $258.8 million in 2022, then grew by 2.05% to $264.1 million in 2023, then increased by 0.11% to $264.4 million in 2024, then rose by 2.53% to $271.1 million in 2025.
  • Per Business Quant, the three most recent readings for APD's Operating Expenses are $271.1 million (Q4 2025), $1.0 billion (Q3 2025), and $270.8 million (Q2 2025).