U.S was Linde’s largest region in fiscal 2025, bringing in $12.18B of $33.99B (36%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Other – Non-U.S | $10.98B | $11.47B | $10.85B | $11.26B | ||||||
| Other International | — | — | — | — | ||||||
| Other – Foreign | — | — | — | — | ||||||
| Other – Foreign | — | — | — | — | ||||||
| U.S | $10.55B | $10.57B | $11.50B | $12.18B | ||||||
| Germany | $3.66B | $2.83B | $2.51B | $2.43B | ||||||
| China | $2.64B | $2.59B | $2.65B | $2.60B | ||||||
| United Kingdom | $1.95B | $1.51B | $1.54B | $1.51B | ||||||
| Mexico | $1.04B | $1.29B | $1.35B | $1.39B | ||||||
| Europe, Excluding Germany | — | — | — | — | ||||||
| Australia | $1.37B | $1.30B | $1.35B | $1.29B | ||||||
| Brazil | $1.16B | $1.30B | $1.26B | $1.33B | ||||||
| Total | $33.36B | $32.85B | $33.01B | $33.99B |
Linde brought in $33.99B from its eight regions in fiscal 2025, the year ended December 31, 2025. That was up 3.0% from $33.01B in fiscal 2024. U.S was the largest at $12.18B (35.8%), ahead of Other – Non-U.S at $11.26B (33.1%) and China at $2.60B (7.7%). The other five regions brought in $7.95B combined.
Compared with fiscal 2024, U.S grew fastest, up 6.0% to $12.18B, while Australia fell the most, down 4.9% to $1.29B. From fiscal 2022 to 2025, combined revenue from these regions grew from $33.36B to $33.99B, a compound annual growth rate of 0.6%. U.S's share of the total rose from 31.6% to 35.8%.
Operating Segments was Linde’s largest segment in fiscal 2025, bringing in $15.21B of $15.64B (97%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Segments | $13.87B | $14.30B | $14.44B | $15.21B | ||||||
| Intersegment Eliminations | $1.48B | $1.99B | $2.44B | $436.00M | ||||||
| Segment Reconciling Items | — | — | — | — | ||||||
| Total | $15.35B | $16.29B | $16.88B | $15.64B |
Linde brought in $15.64B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $33.99B it reports by geography, so these segments do not cover all of its revenue. Operating Segments was the largest at $15.21B (97.2%), ahead of Intersegment Eliminations at $436.00M (2.8%).
Compared with fiscal 2024, Operating Segments grew 5.3% to $15.21B, while Intersegment Eliminations fell 82.1% to $436.00M.
Atmospheric Gases & Related was Linde’s largest product and service line in fiscal 2016, bringing in $7.33B of $10.53B (70%).
| Product and Service | FY 2016 |
|---|---|
| Atmospheric Gases & Related | $7.33B |
| Process Gases & Other | $2.61B |
| Surface Technologies | $596.00M |
| Total | $10.53B |
Linde brought in $10.53B from its three product and service lines in fiscal 2016, the year ended December 31, 2016. Atmospheric Gases & Related was the largest at $7.33B (69.6%), ahead of Process Gases & Other at $2.61B (24.8%) and Surface Technologies at $596.00M (5.7%).
Linde (LIN) reports its revenue by geography, by segment and by product and service. In fiscal 2025, U.S was its largest region, bringing in $12.18B (35.8% of the total), followed by Other – Non-U.S at $11.26B (33.1%).
U.S was Linde's largest region in fiscal 2025, bringing in $12.18B, or 35.8% of the $33.99B total across its eight regions.
Operating Segments was Linde's largest segment in fiscal 2025, bringing in $15.21B, or 97.2% of the $15.64B total across its two segments.
Atmospheric Gases & Related was Linde's largest product and service line in fiscal 2016, bringing in $7.33B, or 69.6% of the $10.53B total across its three product and service lines.
Among Linde's regions that make up at least 2% of revenue, U.S grew fastest in fiscal 2025, up 6.0% from $11.50B to $12.18B.
Every figure comes from Linde's annual financial filings, as reported. Each line keeps the name Linde gives it, and years follow its fiscal calendar.
Linde's revenue by geography goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.