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 | — | — | — | — | ||||||
| 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%.
Americas was Linde’s largest segment in fiscal 2025, bringing in $15.21B of $33.99B (45%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Americas | $13.87B | $14.30B | $14.44B | $15.21B | ||||||
| Emea | $8.44B | $8.54B | $8.35B | $8.55B | ||||||
| North America | — | — | — | — | ||||||
| Apac | $6.48B | $6.56B | $6.63B | $6.66B | ||||||
| Engineering | $2.76B | $2.16B | $2.32B | $2.25B | ||||||
| Asia | — | — | — | — | ||||||
| Corporate Segment & Other Operating | — | $1.29B | $1.26B | $1.32B | ||||||
| Other | $1.81B | — | — | — | ||||||
| South America | — | — | — | — | ||||||
| Europe | — | — | — | — | ||||||
| Surface Technologies | — | — | — | — | ||||||
| Segment Reconciling Items | — | — | — | — | ||||||
| Total | $33.36B | $32.85B | $33.01B | $33.99B |
Linde brought in $33.99B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 3.0% from $33.01B in fiscal 2024. Americas was the largest at $15.21B (44.7%), ahead of Emea at $8.55B (25.2%) and Apac at $6.66B (19.6%). The other two segments brought in $3.57B combined.
Compared with fiscal 2024, Americas grew fastest, up 5.3% to $15.21B, while Engineering fell the most, down 3.1% to $2.25B.
Linde began breaking out Corporate Segment & Other Operating in fiscal 2023, when it brought in $1.29B. Linde stopped reporting Other as a separate segment after fiscal 2022, when it brought in $1.81B.
Packaged Gas was Linde’s largest revenue line in fiscal 2025, bringing in $11.85B of $33.99B (35%).
| Contract with Customer, Sales Channel | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Packaged Gas | $10.87B | $11.65B | $11.62B | $11.85B | ||||
| Merchant | $8.69B | $9.60B | $9.78B | $10.16B | ||||
| On-Site | $8.93B | $7.83B | $7.66B | $8.08B | ||||
| Other Distribution Methods | $4.87B | $3.77B | $3.95B | $3.89B | ||||
| Total | $33.36B | $32.85B | $33.01B | $33.99B |
Linde brought in $33.99B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 3.0% from $33.01B in fiscal 2024. Packaged Gas was the largest at $11.85B (34.9%), ahead of Merchant at $10.16B (29.9%) and On-Site at $8.08B (23.8%). The remaining revenue line, Other Distribution Methods, brought in $3.89B.
Compared with fiscal 2024, On-Site grew fastest, up 5.6% to $8.08B, while Other Distribution Methods fell the most, down 1.4% to $3.89B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $33.36B to $33.99B, a compound annual growth rate of 0.6%. Packaged Gas' share of the total rose from 32.6% to 34.9%.
Linde (LIN) reports its revenue by geography, by segment and by contract with customer, sales channel. 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.
Americas was Linde's largest segment in fiscal 2025, bringing in $15.21B, or 44.7% of the $33.99B total across its five segments.
Packaged Gas was Linde's largest revenue line in fiscal 2025, bringing in $11.85B, or 34.9% of the $33.99B total across its four revenue 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.