Air Products & Chemicals (APD) Research & Development (2009 - 2026)

Air Products & Chemicals has disclosed Research & Development across 18 years of filings, most recently posting $21.6 million for Q1 2026.

• Research & Development for Q1 2026 came in at $21.6 million, down 5.68% year-over-year; the trailing twelve-month figure through Mar 2026 was $93.4 million (down 0.64% YoY), and the FY2025 annual result was $96.3 million, down 3.89% from the prior year.
• Research & Development came in at $21.6 million for Q1 2026 at Air Products & Chemicals, up from $20.4 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $31.1 million in Q3 2022 to a low of $20.4 million in Q4 2025.
• The 5-year median for Research & Development is $24.7 million (2023), against an average of $24.9 million.
• Across the five-year window, Research & Development fell 20.58% in 2023 and rose 23.53% in 2025, its largest moves.
• Air Products & Chemicals' Research & Development stood at $24.4 million in 2022, then increased by 5.33% to $25.7 million in 2023, then slipped by 14.4% to $22.0 million in 2024, then slipped by 7.27% to $20.4 million in 2025, then rose by 5.88% to $21.6 million in 2026.
• The last three Research & Development figures came in at $21.6 million (Q1 2026), $20.4 million (Q4 2025), and $27.3 million (Q3 2025), per Business Quant data.