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

Air Products & Chemicals has disclosed Operating Margin across 18 years of filings, most recently posting 23.73% for Q1 2026.

• Operating Margin for Q1 2026 came in at 23.73%, up 10356.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.41% (up 612.0% YoY), and the FY2025 annual result was 7.29%, down 4419.0% from the prior year.
• Operating Margin came in at 23.73% for Q1 2026 at Air Products & Chemicals, roughly flat from 23.67% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 76.06% in Q3 2024 to a low of 79.83% in Q1 2025.
• The 5-year median for Operating Margin is 21.75% (2024), against an average of 17.44%.
• Across the five-year window, Operating Margin sank 10158 bps in 2025 and surged 10356 bps in 2026, its largest moves.
• Air Products & Chemicals' Operating Margin stood at 20.54% in 2022, then grew by 8 bps to 22.25% in 2023, then slipped by 1 bps to 21.95% in 2024, then climbed by 8 bps to 23.67% in 2025, then rose by 0 bps to 23.73% in 2026.
• The last three Operating Margin figures came in at 23.73% (Q1 2026), 23.67% (Q4 2025), and 0.53% (Q3 2025), per Business Quant data.