Linde (LIN) Operating Expenses (2018 - 2026)
Linde's (LIN) quarterly Operating Expenses came in at $931.0 million in Q1 2026, up 5.92% year-on-year from $879.0 million in Q1 2025, and down 18.62% quarter-over-quarter from $1.1 billion in Q4 2025.
Linde (LIN) Operating Expenses (2018 - 2026) Analysis & Trends
Linde has disclosed Operating Expenses across 9 years of filings, most recently posting $931.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $931.0 million, up 5.92% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.9 billion (up 8.08% YoY), and the FY2025 annual result was $7.1 billion, up 3.51% from the prior year.
- Operating Expenses came in at $931.0 million for Q1 2026 at Linde, down from $1.1 billion 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 -$499.0 million in Q4 2022.
- The 5-year median for Operating Expenses is $879.0 million (2025), against an average of $861.5 million.
- Across the five-year window, Operating Expenses slumped 156.96% in 2022 and surged 274.15% in 2023, its largest moves.
- Linde's Operating Expenses stood at -$499.0 million in 2022, then soared by 274.15% to $869.0 million in 2023, then slipped by 1.84% to $853.0 million in 2024, then surged by 34.11% to $1.1 billion in 2025, then retreated by 18.62% to $931.0 million in 2026.
- The last three Operating Expenses figures came in at $931.0 million (Q1 2026), $1.1 billion (Q4 2025), and $922.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.64 Bn | 233.69 Bn | 4.26 Bn | 931.00 Mn |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | -48.90 Mn |
| 3 | Sherwin Williams | 78.87 Bn | 78.66 Bn | 2.78 Bn | 1.97 Bn |
| 4 | Ecolab | 76.59 Bn | 75.97 Bn | 1.85 Bn | 1.08 Bn |
| 5 | Air Products & Chemicals | 62.39 Bn | 63.94 Bn | 987.40 Mn | 248.80 Mn |
| 6 | Ppg Industries | 26.44 Bn | 24.97 Bn | 1.66 Bn | 1.10 Bn |
| 7 | International Flavors & Fragrances | 19.67 Bn | 19.14 Bn | 1.02 Bn | 599.00 Mn |
| 8 | DuPont de Nemours | 19.57 Bn | 19.68 Bn | 602.00 Mn | 302.00 Mn |
| 9 | LyondellBasell Industries | 19.28 Bn | 19.39 Bn | 701.00 Mn | 6.96 Bn |
| 10 | Albemarle | 18.85 Bn | 18.02 Bn | 500.97 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 931.00 Mn |
| Dec 31, 2025 | 1.14 Bn |
| 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 | -499.00 Mn |
| Sep 30, 2022 | 820.00 Mn |
| Jun 30, 2022 | 1.60 Bn |
| Mar 31, 2022 | 833.00 Mn |
| Dec 31, 2021 | 876.00 Mn |
| Sep 30, 2021 | 855.00 Mn |
| Jun 30, 2021 | 1.06 Bn |