Air Products & Chemicals (APD) Tax Rate (2009 - 2026)
Air Products & Chemicals (APD) reported Tax Rate of 17.96% for Q1 2026, down 458.0% on a YoY basis from 5.02% in Q1 2025, and down 4.12% sequentially from 18.74% in Q4 2025.
Air Products & Chemicals (APD) Tax Rate (2009 - 2026) Analysis & Trends
Air Products & Chemicals (APD) has 18 years of Tax Rate data on file, last reported at 17.96% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 458.0% year-over-year to 17.96%; the trailing twelve-month figure through Mar 2026 stood at 21.44% (up 492.0% YoY), and the FY2025 full-year result was 21.4%, up 180.0% from the prior year.
- Tax Rate retreated to 17.96% in Q1 2026, from 18.74% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 91.67% in Q3 2025 to a low of 16.55% in Q2 2024.
- A 5-year average of 23.15% and a median of 18.61% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate jumped 7017 bps in 2025 and tumbled 458 bps in 2026, its largest moves.
- Tracing APD's Tax Rate over 5 years: stood at 18.94% in 2022, then dropped by 6 bps to 17.89% in 2023, then retreated by 0 bps to 17.8% in 2024, then gained by 5 bps to 18.74% in 2025, then slipped by 4 bps to 17.96% in 2026.
- Business Quant data shows APD's Tax Rate at 17.96% in Q1 2026, 18.74% in Q4 2025, and 91.67% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.95 Bn | 233.99 Bn | 4.26 Bn | 23.49 |
| 2 | Sherwin Williams | 78.17 Bn | 77.95 Bn | 2.78 Bn | 21.34 |
| 3 | Ecolab | 76.02 Bn | 75.37 Bn | 1.85 Bn | -52.75 |
| 4 | Air Products & Chemicals | 66.38 Bn | 65.43 Bn | 987.40 Mn | 17.96 |
| 5 | Ppg Industries | 26.02 Bn | 24.40 Bn | 1.66 Bn | 25.53 |
| 6 | LyondellBasell Industries | 22.51 Bn | 19.87 Bn | 701.00 Mn | -1.46 |
| 7 | Chemical & Mining Co Of Chile | 19.70 Bn | 15.83 Bn | 778.60 Mn | 41.34 |
| 8 | International Flavors & Fragrances | 19.51 Bn | 18.95 Bn | 1.02 Bn | 18.66 |
| 9 | DuPont de Nemours | 18.80 Bn | 18.71 Bn | 602.00 Mn | 17.13 |
| 10 | Rpm International | 13.63 Bn | 13.32 Bn | 950.03 Mn | -115.62 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.96 |
| Mar 31, 2026 | 17.96 |
| Mar 31, 2026 | 17.96 |
| Dec 31, 2025 | 18.74 |
| Dec 31, 2025 | 18.74 |
| Dec 31, 2025 | 18.74 |
| Sep 30, 2025 | 91.67 |
| Sep 30, 2025 | 91.67 |
| Sep 30, 2025 | 91.67 |
| Jun 30, 2025 | 17.92 |
| Jun 30, 2025 | 17.92 |
| Jun 30, 2025 | 17.92 |
| Mar 31, 2025 | 22.55 |
| Mar 31, 2025 | 22.55 |
| Mar 31, 2025 | 22.55 |
| Dec 31, 2024 | 17.80 |
| Dec 31, 2024 | 17.80 |
| Dec 31, 2024 | 17.80 |
| Sep 30, 2024 | 21.51 |
| Sep 30, 2024 | 21.51 |