# AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2025 Annual P&L / Income Statement

- Company: AIR PRODUCTS AND CHEMICALS, INC. (APD)
- Period: 2024-10-01 to 2025-09-30
- Filing: FY2025 10-K, filed 2025-11-20, accession number 0000002969-25-000055
- Page: https://plicit.ai/financials/apd/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/apd-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2024-10-01 through 2025-09-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Sales**: 12,037,300,000 US dollars
- **Cost of sales**: 8,256,000,000 US dollars
- **Gross profit (calculated)**: 3,781,300,000 US dollars
- **Operating costs, net of other operating income (calculated)**: 4,658,300,000 US dollars
- **Operating Income (Loss)**: negative 877,000,000 US dollars
- **Other income (expense), net (calculated)**: 436,300,000 US dollars
- **Income (Loss) From Continuing Operations Before Taxes**: negative 440,700,000 US dollars
- **Income tax expense (benefit)**: negative 94,300,000 US dollars
- **Net Income (Loss)**: negative 354,400,000 US dollars
- **On-site**: 6,180,400,000 US dollars
- **Merchant**: 5,336,900,000 US dollars
- **Sale of Equipment**: 520,000,000 US dollars
- **Selling and administrative expense**: 906,100,000 US dollars
- **Research and development expense**: 96,300,000 US dollars
- **Business and asset actions**: 3,747,000,000 US dollars
- **Shareholder activism-related costs**: 86,300,000 US dollars
- **Gain on sale of business**: negative 67,300,000 US dollars
- **Other income (expense), net**: negative 110,100,000 US dollars
- **Income (Loss) from discontinued operations, net of tax**: negative 8,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to AIR PRODUCTS AND CHEMICALS, INC.: −$394.50 M; to noncontrolling interests: $40.10 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/apd/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/apd-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2024-10-01 through 2025-09-30. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Sales**: 12,037,300,000 US dollars
- **Cost of sales**: 8,256,000,000 US dollars
- **Gross profit (calculated)**: 3,781,300,000 US dollars
- **Operating costs, net of other operating income (calculated)**: 4,658,300,000 US dollars
- **Operating Income (Loss)**: negative 877,000,000 US dollars
- **Other income (expense), net (calculated)**: 436,300,000 US dollars
- **Income (Loss) From Continuing Operations Before Taxes**: negative 440,700,000 US dollars
- **Income tax expense (benefit)**: negative 94,300,000 US dollars
- **Net Income (Loss)**: negative 354,400,000 US dollars
- **UNITED STATES**: 4,692,500,000 US dollars
- **CHINA**: 1,933,500,000 US dollars
- **Other foreign operations**: 5,411,300,000 US dollars
- **Selling and administrative expense**: 906,100,000 US dollars
- **Research and development expense**: 96,300,000 US dollars
- **Business and asset actions**: 3,747,000,000 US dollars
- **Shareholder activism-related costs**: 86,300,000 US dollars
- **Gain on sale of business**: negative 67,300,000 US dollars
- **Other income (expense), net**: negative 110,100,000 US dollars
- **Income (Loss) from discontinued operations, net of tax**: negative 8,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to AIR PRODUCTS AND CHEMICALS, INC.: −$394.50 M; to noncontrolling interests: $40.10 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/apd/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/apd-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2024-10-01 through 2025-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Sales**: 12,037,300,000 US dollars
- **Cost of sales**: 8,256,000,000 US dollars
- **Gross profit (calculated)**: 3,781,300,000 US dollars
- **Operating costs, net of other operating income (calculated)**: 4,658,300,000 US dollars
- **Operating Income (Loss)**: negative 877,000,000 US dollars
- **Other income (expense), net (calculated)**: 436,300,000 US dollars
- **Income (Loss) From Continuing Operations Before Taxes**: negative 440,700,000 US dollars
- **Income tax expense (benefit)**: negative 94,300,000 US dollars
- **Net Income (Loss)**: negative 354,400,000 US dollars
- **Americas**: 5,125,900,000 US dollars
- **Asia**: 3,271,000,000 US dollars
- **Europe**: 2,984,500,000 US dollars
- **Middle East and India**: 135,900,000 US dollars
- **Corporate and other**: 520,000,000 US dollars
- **Selling and administrative expense**: 906,100,000 US dollars
- **Research and development expense**: 96,300,000 US dollars
- **Business and asset actions**: 3,747,000,000 US dollars
- **Shareholder activism-related costs**: 86,300,000 US dollars
- **Gain on sale of business**: negative 67,300,000 US dollars
- **Other income (expense), net**: negative 110,100,000 US dollars
- **Income (Loss) from discontinued operations, net of tax**: negative 8,000,000 US dollars. Reported below-tax contribution to net income.
- **Americas costs (calculated)**: 3,606,300,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Asia costs (calculated)**: 2,419,900,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Europe costs (calculated)**: 2,139,800,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Middle East and India costs (calculated)**: 126,300,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Corporate and other costs (calculated)**: 887,300,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: 3,734,700,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to AIR PRODUCTS AND CHEMICALS, INC.: −$394.50 M; to noncontrolling interests: $40.10 M.