Air Products & Chemicals (APD) Tax Rate (2009 - 2026)
Air Products & Chemicals' Tax Rate was 26.60% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 8.68 percentage points from 17.92% a year earlier and up 8.64 percentage points from the prior quarter.
Air Products & Chemicals (APD) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Air Products & Chemicals' Tax Rate was 104.87% through Jun 30, 2026, up 87.72 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 21.40%, up 1.80 percentage points from FY2024.
- Tax Rate has now increased for three consecutive fiscal years, with a five-year change of +1.66 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 19.60% in FY2024 (+0.48 pp), 19.12% in FY2023 (+0.94 pp), 18.18% in FY2022 (-0.28 pp) and 18.46% in FY2021 (-1.28 pp).
- Quarterly Tax Rate has moved between 16.55% (fiscal Q3 2024) and 91.67% (fiscal Q4 2025) over five years.
- Compared with a year earlier, Tax Rate was higher in six of the last eight quarters, with an average year-over-year change of +10.48 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q4 2025 (a gain of 70.17 percentage points); the worst was fiscal Q2 2026 (a drop of 4.58 percentage points).
- Per Business Quant data, APD's Tax Rate in the three fiscal quarters before Q3 2026 was 17.96% (Q2 2026), 18.74% (Q1 2026) and 91.67% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.80 Bn | 201.92 Bn | 4.43 Bn | 23.96% |
| 2 | Corning | 132.43 Bn | 125.56 Bn | 1.63 Bn | 6.16% |
| 3 | Sherwin Williams | 78.49 Bn | 77.53 Bn | 3.34 Bn | 24.17% |
| 4 | Air Products & Chemicals | 61.97 Bn | 59.87 Bn | 1.04 Bn | - |
| 5 | Corteva | 51.82 Bn | 40.62 Bn | 3.66 Bn | 25.11% |
| 6 | LyondellBasell Industries | 37.12 Bn | 26.74 Bn | 2.04 Bn | 29.21% |
| 7 | Nutrien | 33.86 Bn | 30.73 Bn | 3.25 Bn | 21.50% |
| 8 | Qnity Electronics | 26.31 Bn | 23.73 Bn | 666.00 Mn | 31.66% |
| 9 | Ati | 25.78 Bn | 23.93 Bn | 309.80 Mn | 20.01% |
| 10 | Ppg Industries | 23.19 Bn | 15.99 Bn | 1.81 Bn | 22.32% |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 17.96% |
| Dec 31, 2025 | 18.74% |
| Sep 30, 2025 | 91.67% |
| Jun 30, 2025 | 17.92% |
| Dec 31, 2024 | 17.80% |
| Sep 30, 2024 | 21.51% |
| Jun 30, 2024 | 16.55% |
| Mar 31, 2024 | 18.34% |
| Dec 31, 2023 | 17.89% |
| Sep 30, 2023 | 18.33% |
| Jun 30, 2023 | 18.61% |
| Mar 31, 2023 | 21.19% |
| Dec 31, 2022 | 18.94% |
| Sep 30, 2022 | 18.37% |
| Jun 30, 2022 | 18.61% |
| Mar 31, 2022 | 18.61% |
| Dec 31, 2021 | 17.09% |
| Sep 30, 2021 | 18.10% |
| Jun 30, 2021 | 16.25% |
| Mar 31, 2021 | 20.35% |
Air Products & Chemicals Tax Rate 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=tax-rate&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();