Air Products & Chemicals (APD) Operating Margin (2009 - 2026)
Air Products & Chemicals (APD) posted Operating Margin of 66.34% for Q2 2026, down 379.56% sequentially from 23.73% in Q1 2026, and down 9250.0% YoY from 0.73% in Q2 2025.
Air Products & Chemicals (APD) Operating Margin (2009 - 2026) Analysis & Trends
Air Products & Chemicals has reported Operating Margin for 18 years, with the latest figure at 66.34% in Q2 2026.
- Quarterly Operating Margin fell 9250.0% year-over-year to 66.34% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 4.71% (down 1740.0% YoY) and the FY2025 annual result came in at 7.29%, down 4419.0% from the prior year.
- Operating Margin slipped to 66.34% in Q2 2026 per APD's latest filing, from 23.73% in the prior quarter.
- Over five years, Operating Margin peaked at 76.06% in Q3 2024 and troughed at 79.83% in Q1 2025.
- A 5-year average of 12.79% and a median of 21.49% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2025 and 2026: Operating Margin sank 10158 bps in 2025, then jumped 10356 bps in 2026.
- Over 5 years, Operating Margin stood at 20.54% in 2022, then rose by 8 bps to 22.25% in 2023, then declined by 1 bps to 21.95% in 2024, then increased by 8 bps to 23.67% in 2025, then tumbled by 380 bps to 66.34% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 66.34%, 23.73%, and 23.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 226.84 Bn | 221.94 Bn | 4.43 Bn | 27.49% |
| 2 | Sherwin Williams | 85.17 Bn | 84.88 Bn | 3.34 Bn | 18.18% |
| 3 | Ecolab | 79.47 Bn | 74.33 Bn | 1.95 Bn | 17.16% |
| 4 | Air Products & Chemicals | 68.52 Bn | 67.54 Bn | 1.04 Bn | -66.34% |
| 5 | Ppg Industries | 25.37 Bn | 23.77 Bn | 1.81 Bn | 14.73% |
| 6 | Chemical & Mining Co Of Chile | 23.47 Bn | 19.60 Bn | 778.60 Mn | 47.01% |
| 7 | LyondellBasell Industries | 22.33 Bn | 19.70 Bn | 2.04 Bn | 16.81% |
| 8 | International Flavors & Fragrances | 21.58 Bn | 21.01 Bn | 853.00 Mn | 8.09% |
| 9 | DuPont de Nemours | 19.06 Bn | 17.32 Bn | 639.00 Mn | 18.03% |
| 10 | Albemarle | 16.74 Bn | 15.11 Bn | 590.30 Mn | 33.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -66.34% |
| Mar 31, 2026 | 23.73% |
| Dec 31, 2025 | 23.67% |
| Sep 30, 2025 | 0.53% |
| Jun 30, 2025 | 26.16% |
| Mar 31, 2025 | -79.83% |
| Dec 31, 2024 | 21.95% |
| Sep 30, 2024 | 76.06% |
| Jun 30, 2024 | 24.71% |
| Mar 31, 2024 | 21.75% |
| Dec 31, 2023 | 22.25% |
| Sep 30, 2023 | 23.14% |
| Jun 30, 2023 | 21.23% |
| Mar 31, 2023 | 14.37% |
| Dec 31, 2022 | 20.54% |
| Sep 30, 2022 | 17.55% |
| Jun 30, 2022 | 19.67% |
| Mar 31, 2022 | 19.08% |
| Dec 31, 2021 | 17.47% |
| Sep 30, 2021 | 21.71% |