AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2025 Annual P&L / Income Statement
2024-10-01 to 2025-09-30
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 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.

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Gross margin
31.4%
Gross profit / revenue
Operating margin
−7.3%
Operating profit / revenue
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