Linde (LIN) Operating Expenses (2018 - 2026)
Linde (LIN) reported Operating Expenses of $931.0 million for Q1 2026, up 5.92% on a YoY basis from $879.0 million in Q1 2025, and up 551.94% sequentially from -$206.0 million in Q4 2025.
Linde (LIN) Operating Expenses (2018 - 2026) Analysis & Trends
Linde (LIN) has 9 years of Operating Expenses data on file, last reported at $931.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 5.92% year-over-year to $931.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.6 billion (down 29.28% YoY), and the FY2025 full-year result was $2.5 billion, down 31.08% from the prior year.
- Operating Expenses rose to $931.0 million in Q1 2026, from -$206.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.6 billion in Q2 2022 to a low of -$470.0 million in Q4 2022.
- A 5-year average of $783.8 million and a median of $876.0 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 284.89% in 2023 and tumbled 124.15% in 2025, its largest moves.
- Tracing LIN's Operating Expenses over 5 years: stood at -$470.0 million in 2022, then surged by 284.89% to $869.0 million in 2023, then decreased by 1.84% to $853.0 million in 2024, then plunged by 124.15% to -$206.0 million in 2025, then surged by 551.94% to $931.0 million in 2026.
- Business Quant data shows LIN's Operating Expenses at $931.0 million in Q1 2026, -$206.0 million in Q4 2025, and $922.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.95 Bn | 233.99 Bn | 4.26 Bn | 931.00 Mn |
| 2 | Sherwin Williams | 78.17 Bn | 77.95 Bn | 2.78 Bn | 1.97 Bn |
| 3 | Ecolab | 76.02 Bn | 75.37 Bn | 1.85 Bn | 1.08 Bn |
| 4 | Air Products & Chemicals | 66.38 Bn | 65.43 Bn | 987.40 Mn | 248.80 Mn |
| 5 | Ppg Industries | 26.02 Bn | 24.40 Bn | 1.66 Bn | 998.00 Mn |
| 6 | LyondellBasell Industries | 22.51 Bn | 19.87 Bn | 701.00 Mn | 6.96 Bn |
| 7 | Chemical & Mining Co Of Chile | 19.70 Bn | 15.83 Bn | 778.60 Mn | -48.90 Mn |
| 8 | International Flavors & Fragrances | 19.51 Bn | 18.95 Bn | 1.02 Bn | 599.00 Mn |
| 9 | DuPont de Nemours | 18.80 Bn | 18.71 Bn | 602.00 Mn | 302.00 Mn |
| 10 | Rpm International | 13.63 Bn | 13.32 Bn | 950.03 Mn | 644.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 931.00 Mn |
| Dec 31, 2025 | -206.00 Mn |
| Sep 30, 2025 | 922.00 Mn |
| Jun 30, 2025 | 908.00 Mn |
| Mar 31, 2025 | 879.00 Mn |
| Dec 31, 2024 | 853.00 Mn |
| Sep 30, 2024 | 1.01 Bn |
| Jun 30, 2024 | 876.00 Mn |
| Mar 31, 2024 | 898.00 Mn |
| Dec 31, 2023 | 869.00 Mn |
| Sep 30, 2023 | 846.00 Mn |
| Jun 30, 2023 | 890.00 Mn |
| Mar 31, 2023 | 876.00 Mn |
| Dec 31, 2022 | -470.00 Mn |
| Sep 30, 2022 | 820.00 Mn |
| Jun 30, 2022 | 1.60 Bn |
| Mar 31, 2022 | 833.00 Mn |
| Dec 31, 2021 | -466.00 Mn |
| Sep 30, 2021 | 855.00 Mn |
| Jun 30, 2021 | 1.06 Bn |