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Air Products & Chemicals (APD) Research & Development (2016 - 2026)

Air Products & Chemicals (APD) has disclosed Research & Development for 18 consecutive years, with $21.6 million as the latest value for Q1 2026.

  • For Q1 2026, Research & Development fell 5.68% year-over-year to $21.6 million; the TTM value through Mar 2026 reached $93.4 million, down 0.64%, while the annual FY2025 figure was $96.3 million, 3.89% down from the prior year.
  • Research & Development hit $21.6 million in Q1 2026 for Air Products & Chemicals, up from $20.4 million in the prior quarter.
  • Across five years, Research & Development topped out at $31.1 million in Q3 2022 and bottomed at $20.4 million in Q4 2025.
  • Average Research & Development over 5 years is $24.9 million, with a median of $24.7 million recorded in 2023.
  • Year-over-year, Research & Development dropped 20.58% in 2023 and then grew 23.53% in 2025.
  • Air Products & Chemicals' Research & Development stood at $24.4 million in 2022, then rose by 5.33% to $25.7 million in 2023, then dropped by 14.4% to $22.0 million in 2024, then dropped by 7.27% to $20.4 million in 2025, then grew by 5.88% to $21.6 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods came in at $21.6 million, $20.4 million, and $27.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.