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
DateValue
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