Air Products & Chemicals (APD) Retained Earnings (2009 - 2026)
Air Products & Chemicals (APD) reported Retained Earnings of $16.3 billion for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 9.2% from $17.95 billion a year earlier and down 10.2% from the prior quarter.
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Analysis
Air Products & Chemicals (APD) Retained Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Air Products & Chemicals posted Retained Earnings of $17.56 billion, down 10.2% from FY2024.
- Retained Earnings has a five-year compound annual growth rate of 3.4% (FY2020 to FY2025).
- By fiscal year, Retained Earnings came in at $19.55 billion in FY2024 (+13.0%), $17.29 billion in FY2023 (+4.7%), $16.52 billion in FY2022 (+5.4%) and $15.68 billion in FY2021 (+5.4%).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Retained Earnings since fiscal Q3 2022.
- Year over year, Retained Earnings gained in three of the last eight quarters, with an average decline of 0.1%.
- The high point for year-over-year Retained Earnings in five years was fiscal Q4 2024 (growth of 13.0%); the low point was fiscal Q4 2025 (a decline of 10.2%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $18.14 billion (Q2 2026), $17.84 billion (Q1 2026) and $17.56 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 217.60 Bn | 200.72 Bn | 4.43 Bn | 18.80 Bn |
| 2 | Corning | 130.50 Bn | 123.63 Bn | 1.63 Bn | 16.75 Bn |
| 3 | Sherwin Williams | 80.80 Bn | 79.84 Bn | 3.34 Bn | 2.01 Bn |
| 4 | Air Products & Chemicals | 62.07 Bn | 59.97 Bn | 1.04 Bn | 16.30 Bn |
| 5 | Corteva | 51.85 Bn | 40.65 Bn | 3.66 Bn | 1.22 Bn |
| 6 | LyondellBasell Industries | 37.65 Bn | 27.27 Bn | 2.04 Bn | 7.04 Bn |
| 7 | Nutrien | 34.70 Bn | 31.57 Bn | 3.25 Bn | 12.69 Bn |
| 8 | Qnity Electronics | 26.13 Bn | 23.56 Bn | 666.00 Mn | 260.00 Mn |
| 9 | Ati | 24.61 Bn | 22.75 Bn | 309.80 Mn | 738.50 Mn |
| 10 | Ppg Industries | 23.77 Bn | 16.57 Bn | 1.81 Bn | 23.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.30 Bn |
| Mar 31, 2026 | 18.14 Bn |
| Dec 31, 2025 | 17.84 Bn |
| Sep 30, 2025 | 17.56 Bn |
| Jun 30, 2025 | 17.95 Bn |
| Mar 31, 2025 | 17.64 Bn |
| Dec 31, 2024 | 19.77 Bn |
| Sep 30, 2024 | 19.55 Bn |
| Jun 30, 2024 | 17.99 Bn |
| Mar 31, 2024 | 17.69 Bn |
| Dec 31, 2023 | 17.51 Bn |
| Sep 30, 2023 | 17.29 Bn |
| Jun 30, 2023 | 16.99 Bn |
| Mar 31, 2023 | 16.78 Bn |
| Dec 31, 2022 | 16.73 Bn |
| Sep 30, 2022 | 16.52 Bn |
| Jun 30, 2022 | 16.30 Bn |
| Mar 31, 2022 | 16.08 Bn |
| Dec 31, 2021 | 15.91 Bn |
| Sep 30, 2021 | 15.68 Bn |
API Access
Air Products & Chemicals Retained Earnings 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=retained-earnings&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();