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 | 215.95 Bn | 211.05 Bn | 4.43 Bn | 928.00 Mn |
| 2 | Air Products & Chemicals | 65.90 Bn | 64.92 Bn | 1.04 Bn | 3.15 Bn |
Historic Data
Download Data
Historic 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 |