Air Products & Chemicals APD
NYSE APD
$293.44 -1.80 (-0.61%)
As of: Sep 10, 2026 · 10:46 AM EDT

Air Products & Chemicals (APD) Operating Expenses (2009 - 2026)

Air Products & Chemicals' (APD) quarterly Operating Expenses came in at $3.1 billion in Q2 2026, up 1062.48% year-over-year from $270.8 million in Q2 2025, and up 1165.27% quarter-over-quarter from $248.8 million in Q1 2026.

Analysis

Air Products & Chemicals (APD) Operating Expenses (2009 - 2026) Analysis & Trends

Air Products & Chemicals has disclosed Operating Expenses across 18 years of filings, most recently posting $3.1 billion for Q2 2026.

  • In Q2 2026, Operating Expenses rose 1062.48% year-over-year to $3.1 billion; the TTM figure through Jun 2026 stood at $4.7 billion (up 18.98% YoY), while the FY2025 annual figure was $4.7 billion, up 331.92% from the prior year.
  • Operating Expenses came in at $3.1 billion for Q2 2026 at Air Products & Chemicals, up from $248.8 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.
  • Average Operating Expenses over 5 years is $647.0 million, with a median of $267.6 million recorded in 2024.
  • The largest YoY upside for Operating Expenses was 1062.48% in 2026 against a maximum downside of 92.16% in 2026.
  • Over 5 years, Operating Expenses stood at $258.8 million in 2022, then climbed by 2.05% to $264.1 million in 2023, then gained by 0.11% to $264.4 million in 2024, then advanced by 2.53% to $271.1 million in 2025, then surged by 1061.2% to $3.1 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $3.1 billion in Q2 2026, $248.8 million in Q1 2026, and $271.1 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Linde 213.54 Bn 208.64 Bn 4.43 Bn 928.00 Mn
2 Air Products & Chemicals 65.39 Bn 64.40 Bn 1.04 Bn 3.15 Bn
Historic Data

Historic Data

Download Data
DateValue
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