Air Products & Chemicals (APD) Tax Rate (2009 - 2026)

Air Products & Chemicals' (APD) quarterly Tax Rate came in at 17.96% in Q1 2026, down 458.0% year-on-year from 5.02% in Q1 2025, and down 4.12% quarter-over-quarter from 18.74% in Q4 2025.

Air Products & Chemicals (APD) Tax Rate (2009 - 2026) Analysis & Trends

Air Products & Chemicals has disclosed Tax Rate across 18 years of filings, most recently posting 17.96% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 17.96%, down 458.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.44% (up 492.0% YoY), and the FY2025 annual result was 21.4%, up 180.0% from the prior year.
  • Tax Rate came in at 17.96% for Q1 2026 at Air Products & Chemicals, down 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.
  • The 5-year median for Tax Rate is 18.61% (2022), against an average of 23.15%.
  • Across the five-year window, Tax Rate jumped 7017 bps in 2025 and sank 458 bps in 2026, its largest moves.
  • Air Products & Chemicals' Tax Rate stood at 18.94% in 2022, then declined by 6 bps to 17.89% in 2023, then decreased by 0 bps to 17.8% in 2024, then advanced by 5 bps to 18.74% in 2025, then dropped by 4 bps to 17.96% in 2026.
  • The last three Tax Rate figures came in at 17.96% (Q1 2026), 18.74% (Q4 2025), and 91.67% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Linde 237.64 Bn 233.69 Bn 4.26 Bn 23.49
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn -41.34
3 Sherwin Williams 78.87 Bn 78.66 Bn 2.78 Bn 21.34
4 Ecolab 76.59 Bn 75.97 Bn 1.85 Bn 13.89
5 Air Products & Chemicals 62.39 Bn 63.94 Bn 987.40 Mn 17.96
6 Ppg Industries 26.44 Bn 24.97 Bn 1.66 Bn 25.53
7 International Flavors & Fragrances 19.67 Bn 19.14 Bn 1.02 Bn 18.66
8 DuPont de Nemours 19.57 Bn 19.68 Bn 602.00 Mn 17.13
9 LyondellBasell Industries 19.28 Bn 19.39 Bn 701.00 Mn -1.46
10 Albemarle 18.85 Bn 18.02 Bn 500.97 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 17.96%
Mar 31, 2026 17.96%
Dec 31, 2025 18.74%
Dec 31, 2025 18.74%
Sep 30, 2025 91.67%
Sep 30, 2025 91.67%
Jun 30, 2025 17.92%
Jun 30, 2025 17.92%
Mar 31, 2025 22.55%
Mar 31, 2025 22.55%
Dec 31, 2024 17.80%
Dec 31, 2024 17.80%
Sep 30, 2024 21.51%
Sep 30, 2024 21.51%
Jun 30, 2024 16.55%
Jun 30, 2024 16.55%
Mar 31, 2024 18.34%
Mar 31, 2024 18.34%
Dec 31, 2023 17.89%
Dec 31, 2023 17.89%