Air Products & Chemicals (APD) Operating Income (2009 - 2026)
Air Products & Chemicals (APD) recorded Operating Income of -$2.1 billion in fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with $790.6 million a year earlier.
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Analysis
Air Products & Chemicals (APD) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Air Products & Chemicals' Operating Income came in at -$593.1 million as of Jun 30, 2026; for FY2025 (ended Sep 30, 2025), it was -$877 million.
- Across earlier fiscal years, Operating Income came in at $4.47 billion in FY2024 (+79.0%), $2.49 billion in FY2023 (+6.7%), $2.34 billion in FY2022 (+2.5%) and $2.28 billion in FY2021 (+2.0%).
- The fiscal Q3 2026 figure is the lowest quarterly Operating Income since fiscal Q2 2025.
- On a year-over-year basis, Operating Income rose in three of the last five quarters, with growth averaging 29.4%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 228.2% in fiscal Q4 2024, against a decline of 99.3% in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $752.7 million (Q2 2026), $734.5 million (Q1 2026) and $16.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.21 Bn | 201.33 Bn | 4.43 Bn | 2.55 Bn |
| 2 | Corning | 136.71 Bn | 129.84 Bn | 1.63 Bn | 698.00 Mn |
| 3 | Sherwin Williams | 80.23 Bn | 79.27 Bn | 3.34 Bn | 1.23 Bn |
| 4 | Air Products & Chemicals | 62.17 Bn | 60.07 Bn | 1.04 Bn | -2.10 Bn |
| 5 | Corteva | 51.95 Bn | 40.75 Bn | 3.66 Bn | 2.06 Bn |
| 6 | LyondellBasell Industries | 37.59 Bn | 27.21 Bn | 2.04 Bn | 1.54 Bn |
| 7 | Nutrien | 34.30 Bn | 31.17 Bn | 3.25 Bn | 3.08 Bn |
| 8 | Qnity Electronics | 26.28 Bn | 23.71 Bn | 666.00 Mn | 368.00 Mn |
| 9 | Ati | 25.72 Bn | 23.87 Bn | 309.80 Mn | 220.00 Mn |
| 10 | Ppg Industries | 23.55 Bn | 16.36 Bn | 1.81 Bn | 662.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.10 Bn |
| Mar 31, 2026 | 752.70 Mn |
| Dec 31, 2025 | 734.50 Mn |
| Sep 30, 2025 | 16.80 Mn |
| Jun 30, 2025 | 790.60 Mn |
| Mar 31, 2025 | -2.33 Bn |
| Dec 31, 2024 | 643.60 Mn |
| Sep 30, 2024 | 2.42 Bn |
| Jun 30, 2024 | 737.60 Mn |
| Mar 31, 2024 | 637.20 Mn |
| Dec 31, 2023 | 666.90 Mn |
| Sep 30, 2023 | 738.60 Mn |
| Jun 30, 2023 | 644.20 Mn |
| Mar 31, 2023 | 459.80 Mn |
| Dec 31, 2022 | 652.00 Mn |
| Sep 30, 2022 | 626.50 Mn |
| Jun 30, 2022 | 627.40 Mn |
| Mar 31, 2022 | 561.90 Mn |
| Dec 31, 2021 | 523.00 Mn |
| Sep 30, 2021 | 616.70 Mn |
API Access
Air Products & Chemicals Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "APD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();