Air Products & Chemicals, Inc. (APD) stock
APDNYSEIndustrial Inorganic ChemicalsFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026Score 9/30208% above fair value
$316.20+1.02 (+0.32%)
Close on Nov 12, 2026Market cap $70.41BP/E –Yield 2.26%
Air Products & Chemicals gross margin
Gross margin is gross profit as a percentage of revenue.
Air Products & Chemicals's gross margin for the twelve months ending Jun 30, 2026 was 32.1%. For fiscal 2025 it was 31.4%, against 32.5% the year before. The highest annual figure on record is 37.8% in fiscal 2015.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 31.4% | −1.1 |
| FY2024 | Sep 30, 2024 | 32.5% | +2.6 |
| FY2023 | Sep 30, 2023 | 29.9% | +3.4 |
| FY2022 | Sep 30, 2022 | 26.5% | −3.9 |
| FY2021 | Sep 30, 2021 | 30.4% | −3.5 |
| FY2020 | Sep 30, 2020 | 33.9% | +1.2 |
| FY2019 | Sep 30, 2019 | 32.7% | +2.0 |
| FY2018 | Sep 30, 2018 | 30.7% | +0.9 |
| FY2017 | Sep 30, 2017 | 29.8% | −1.3 |
| FY2016 | Sep 30, 2016 | 31.0% | −6.8 |
| FY2015 | Sep 30, 2015 | 37.8% | +10.9 |
| FY2014 | Sep 30, 2014 | 26.9% | +0.3 |
| FY2013 | Sep 30, 2013 | 26.6% | −0.0 |
| FY2012 | Sep 30, 2012 | 26.6% | +0.0 |
| FY2011 | Sep 30, 2011 | 26.6% | −2.7 |
| FY2010 | Sep 30, 2010 | 29.3% | +2.5 |
| FY2009 | Sep 30, 2009 | 26.8% | +0.7 |
| FY2008 | Sep 30, 2008 | 26.1% | −0.6 |
| FY2007 | Sep 30, 2007 | 26.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026CQ2 2026 | Jun 30, 2026 | 32.8% | +0.3 |
| Q2 FY2026CQ1 2026 | Mar 31, 2026 | 31.1% | +1.6 |
| Q1 FY2026CQ4 2025 | Dec 31, 2025 | 32.1% | +0.9 |
| Q4 FY2025CQ3 2025 | Sep 30, 2025 | 32.3% | −1.7 |
| Q3 FY2025CQ2 2025 | Jun 30, 2025 | 32.5% | −0.3 |
| Q2 FY2025CQ1 2025 | Mar 31, 2025 | 29.6% | −2.5 |
| Q1 FY2025CQ4 2024 | Dec 31, 2024 | 31.2% | +0.2 |
| Q4 FY2024CQ3 2024 | Sep 30, 2024 | 34.0% | +3.1 |
| Q3 FY2024CQ2 2024 | Jun 30, 2024 | 32.8% | +1.1 |
| Q2 FY2024CQ1 2024 | Mar 31, 2024 | 32.0% | +3.4 |
| Q1 FY2024CQ4 2023 | Dec 31, 2023 | 31.0% | +2.6 |
| Q4 FY2023CQ3 2023 | Sep 30, 2023 | 30.8% | +4.3 |
| Q3 FY2023CQ2 2023 | Jun 30, 2023 | 31.7% | +5.2 |
| Q2 FY2023CQ1 2023 | Mar 31, 2023 | 28.7% | +1.7 |
| Q1 FY2023CQ4 2022 | Dec 31, 2022 | 28.4% | +2.7 |
| Q4 FY2022CQ3 2022 | Sep 30, 2022 | 26.6% | −2.8 |
| Q3 FY2022CQ2 2022 | Jun 30, 2022 | 26.6% | −4.3 |
| Q2 FY2022CQ1 2022 | Mar 31, 2022 | 26.9% | −3.3 |
| Q1 FY2022CQ4 2021 | Dec 31, 2021 | 25.7% | −5.5 |
| Q4 FY2021CQ3 2021 | Sep 30, 2021 | 29.4% | −3.1 |
| Q3 FY2021CQ2 2021 | Jun 30, 2021 | 30.8% | −4.1 |
| Q2 FY2021CQ1 2021 | Mar 31, 2021 | 30.2% | −3.9 |
| Q1 FY2021CQ4 2020 | Dec 31, 2020 | 31.3% | −2.8 |
| Q4 FY2020CQ3 2020 | Sep 30, 2020 | 32.5% | −2.2 |
| Q3 FY2020CQ2 2020 | Jun 30, 2020 | 34.9% | +0.8 |
| Q2 FY2020CQ1 2020 | Mar 31, 2020 | 34.1% | +1.5 |
| Q1 FY2020CQ4 2019 | Dec 31, 2019 | 34.1% | +4.8 |
| Q4 FY2019CQ3 2019 | Sep 30, 2019 | 34.7% | +2.8 |
| Q3 FY2019CQ2 2019 | Jun 30, 2019 | 34.1% | +2.5 |
| Q2 FY2019CQ1 2019 | Mar 31, 2019 | 32.6% | +2.5 |
| Q1 FY2019CQ4 2018 | Dec 31, 2018 | 29.3% | +0.2 |
| Q4 FY2018CQ3 2018 | Sep 30, 2018 | 31.9% | +2.0 |
| Q3 FY2018CQ2 2018 | Jun 30, 2018 | 31.6% | +1.6 |
| Q2 FY2018CQ1 2018 | Mar 31, 2018 | 30.1% | +1.0 |
| Q1 FY2018CQ4 2017 | Dec 31, 2017 | 29.1% | −1.0 |
| Q4 FY2017CQ3 2017 | Sep 30, 2017 | 29.9% | −0.9 |
| Q3 FY2017CQ2 2017 | Jun 30, 2017 | 30.0% | – |
| Q2 FY2017CQ1 2017 | Mar 31, 2017 | 29.1% | – |
| Q1 FY2017CQ4 2016 | Dec 31, 2016 | 30.1% | – |
| Q4 FY2016CQ3 2016 | Sep 30, 2016 | 30.7% | – |
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