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

Revenue by Business Segment

2024-10-01 to 2025-09-30

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AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2025 Annual P&L / Income StatementIncome statement for 2024-10-01 through 2025-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEGROSSOPERATINGPRE-TAXNETAmericasAsiaEuropeCorporate and otherMiddle East and IndiaSalesGross profit (calculated)Cost of salesOperating Income (Loss)Operating costs, net of other operating income (calculated)Business and asset actionsSelling and administrative expenseResearch and development expenseShareholder activism-related costsGain on sale of businessOther income (expense), netOther income (expense), net (calculated)Income (Loss) From Continuing Operations Before TaxesNet Income (Loss)Income tax expense (benefit)Income (Loss) from discontinued operations, net of taxOther income (expense), net (calculated)Other income,net (calculated)$436.30 MIncome (Loss) From Continuing Operations Before TaxesIncome (Loss) FromContinuing OperationsBefore Taxes−$440.70 MGross profit (calculated)Gross profit(calculated)$3.78 BOperating Income (Loss)OperatingIncome (Loss)−$877.00 MSalesSales$12.04 BNet Income (Loss)Net Income (Loss)−$354.40 MAmericasAmericas$5.13 BOperating costs, net of other operating income (calculated)Operating costs,net (calculated)$4.66 BIncome tax expense (benefit)Income taxexpense (benefit)−$94.30 MCost of salesCost of sales$8.26 BBusiness and asset actionsBusiness and asset actions$3.75 BAsiaAsia$3.27 BIncome (Loss) from discontinued operations, net of taxIncome (Loss)from discontinuedoperations, net of tax−$8.00 MSelling and administrative expenseSelling and administrative expense$906.10 MEuropeEurope$2.98 BResearch and development expenseResearch anddevelopment expense$96.30 MCorporate and otherCorporate and other$520.00 MShareholder activism-related costsShareholder activism-related costs$86.30 MGain on sale of businessGain on sale of business−$67.30 MMiddle East and IndiaMiddle East and India$135.90 MOther income (expense), netOther income (expense), net−$110.10 M
Chart details

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

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.
AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2025 Annual Revenue by Business Segment Sankey chart
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Gross margin

31.4%

Gross profit / revenue

Operating margin

−7.3%

Operating profit / revenue

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