Air Products and Chemicals (APD) Revenue & Revenue Breakdown

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Air Products and Chemicals Revenue Highlights

Latest Revenue (Y)

$12.04B

Latest Revenue (Q)

$3.02B

Main Segment (Y)

On-site

Main Geography (Y)

Americas Segment

Air Products and Chemicals Revenue by Period

Air Products and Chemicals Revenue by Year

Date	Revenue	Change
2025-09-30	$12.04B	-0.52%
2024-09-30	$12.10B	-3.96%
2023-09-30	$12.60B	-0.78%
2022-09-30	$12.70B	23.01%
2021-09-30	$10.32B	16.56%
2020-09-30	$8.86B	-0.70%
2019-09-30	$8.92B	-0.13%
2018-09-30	$8.93B	9.07%
2017-09-30	$8.19B	9.11%
2016-09-30	$7.50B	-4.10%
2015-09-30	$7.82B	-25.05%
2014-09-30	$10.44B	2.54%
2013-09-30	$10.18B	5.92%
2012-09-30	$9.61B	-4.66%
2011-09-30	$10.08B	11.70%
2010-09-30	$9.03B	9.32%
2009-09-30	$8.26B	-20.72%
2008-09-30	$10.41B	13.84%
2007-09-30	$9.15B	3.36%
2006-09-30	$8.85B	8.68%
2005-09-30	$8.14B	9.88%
2004-09-30	$7.41B	17.69%
2003-09-30	$6.30B	16.59%
2002-09-30	$5.40B	-5.53%
2001-09-30	$5.72B	4.57%
2000-09-30	$5.47B	8.90%
1999-09-30	$5.02B	2.06%
1998-09-30	$4.92B	6.06%
1997-09-30	$4.64B	15.71%
1996-09-30	$4.01B	3.70%
1995-09-30	$3.87B	10.89%
1994-09-30	$3.49B	4.74%
1993-09-30	$3.33B	-

Air Products and Chemicals generated $12.04B in revenue during NA 2025, up -0.52% compared to the previous quarter, and up 135.92% compared to the same period a year ago.

Air Products and Chemicals Revenue by Quarter

Date	Revenue	Change
2025-06-30	$3.02B	3.65%
2025-03-31	$2.92B	-0.52%
2024-12-31	$2.93B	-8.03%
2024-09-30	$3.19B	6.77%
2024-06-30	$2.99B	1.88%
2024-03-31	$2.93B	-2.23%
2023-12-31	$3.00B	-6.09%
2023-09-30	$3.19B	5.19%
2023-06-30	$3.03B	-5.19%
2023-03-31	$3.20B	0.80%
2022-12-31	$3.17B	-11.07%
2022-09-30	$3.57B	11.94%
2022-06-30	$3.19B	8.29%
2022-03-31	$2.95B	-1.64%
2021-12-31	$2.99B	5.39%
2021-09-30	$2.84B	9.08%
2021-06-30	$2.60B	4.10%
2021-03-31	$2.50B	5.34%
2020-12-31	$2.38B	2.37%
2020-09-30	$2.32B	12.34%
2020-06-30	$2.07B	-6.82%
2020-03-31	$2.22B	-1.70%
2019-12-31	$2.25B	-1.25%
2019-09-30	$2.28B	2.66%
2019-06-30	$2.22B	1.66%
2019-03-31	$2.19B	-1.63%
2018-12-31	$2.22B	-3.26%
2018-09-30	$2.30B	1.77%
2018-06-30	$2.26B	4.79%
2018-03-31	$2.16B	-2.75%
2017-12-31	$2.22B	0.61%
2017-09-30	$2.20B	3.83%
2017-06-30	$2.12B	7.16%
2017-03-31	$1.98B	5.18%
2016-12-31	$1.88B	-23.57%
2016-09-30	$2.46B	1.17%
2016-06-30	$2.43B	7.19%
2016-03-31	$2.27B	-3.59%
2015-12-31	$2.36B	-3.82%
2015-09-30	$2.45B	-0.84%
2015-06-30	$2.47B	2.31%
2015-03-31	$2.41B	-5.71%
2014-12-31	$2.56B	-4.34%
2014-09-30	$2.68B	1.61%
2014-06-30	$2.63B	2.04%
2014-03-31	$2.58B	1.43%
2013-12-31	$2.55B	-1.59%
2013-09-30	$2.59B	1.54%
2013-06-30	$2.55B	2.54%
2013-03-31	$2.48B	-3.05%
2012-12-31	$2.56B	-1.67%
2012-09-30	$2.61B	11.35%
2012-06-30	$2.34B	-0.18%
2012-03-31	$2.34B	-3.25%
2011-12-31	$2.42B	-7.20%
2011-09-30	$2.61B	1.30%
2011-06-30	$2.58B	3.06%
2011-03-31	$2.50B	4.58%
2010-12-31	$2.39B	1.72%
2010-09-30	$2.35B	4.39%
2010-06-30	$2.25B	0.15%
2010-03-31	$2.25B	3.47%
2009-12-31	$2.17B	2.08%
2009-09-30	$2.13B	7.75%
2009-06-30	$1.98B	1.06%
2009-03-31	$1.96B	-10.93%
2008-12-31	$2.20B	-13.15%
2008-09-30	$2.53B	-9.99%
2008-06-30	$2.81B	7.78%
2008-03-31	$2.61B	-

Air Products and Chemicals generated $3.02B in revenue during Q3 2025, up 3.65% compared to the previous quarter, and up 103.16% compared to the same period a year ago.

Air Products and Chemicals Revenue Breakdown

Air Products and Chemicals Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
Merchant	$5.34B	$5.33B	-	-	-
On-site	$6.18B	$5.89B	-	-	-
Sale of Equipment	$520.00M	$878.40M	-	-	-
Europe Segment	-	-	$2.96B	-	-
Corporate and Other	-	-	$889.00M	$970.80M	$278.70M
Middle East and India	-	-	$162.50M	-	-
Asia Segment	-	-	$3.22B	-	-
Americas Segment	-	-	$5.37B	-	-
Industrial Gases EMEA	-	-	-	-	$2.44B
Industrial Gases Global	-	-	-	-	$511.00M

Air Products and Chemicals's latest annual revenue breakdown by segment (product or service), as of Sep 25: On-site (51.34%), Merchant (44.34%), and Sale of Equipment (4.32%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Merchant	$1.39B	$1.34B	$1.27B	$1.35B	$4.00B	$1.33B	$1.32B	-	-	-	-	-	-	-	-	-	-	-	-	-
On-site	$1.60B	$1.54B	$1.55B	$1.49B	$4.47B	$1.42B	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of Equipment	$185.60M	$142.90M	$94.70M	$96.80M	$643.40M	$235.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Europe Segment	-	-	-	-	-	-	$667.90M	$731.20M	-	-	-	-	-	-	-	-	-	-	-	-
Americas Segment	-	-	-	-	-	-	$1.25B	$1.25B	-	-	-	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	$201.10M	$184.90M	-	$204.00M	$215.40M	$179.40M	$262.60M	$246.60M	$239.80M	$221.80M	$88.40M	$67.20M	$65.90M	$57.20M
Asia Segment	-	-	-	-	-	-	$779.70M	$793.80M	-	-	-	-	-	-	-	-	-	-	-	-
Middle East And India Segment	-	-	-	-	-	-	$35.70M	$35.40M	-	-	-	-	-	-	-	-	-	-	-	-
Industrial Gases Global	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$209.50M	$99.10M	$97.90M	$104.50M
Industrial Gases EMEA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$674.00M	$623.30M	$584.60M	$563.00M

Air Products and Chemicals's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: On-site (50.39%), Merchant (43.75%), and Sale of Equipment (5.86%).

Air Products and Chemicals Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
Europe Segment	$2.98B	$2.82B	$2.96B	-	-
Americas Segment	$5.13B	$5.04B	$5.37B	-	-
Asia Segment	$3.27B	$3.22B	$3.22B	-	-
Middle East And India Segment	$135.90M	$134.40M	$162.50M	-	-
Middle East and India	-	-	$162.50M	-	-
UNITED STATES	-	-	-	$5.23B	$3.90B
Other Foreign Operations	-	-	-	$5.48B	$4.60B
CHINA	-	-	-	$1.99B	$1.83B

Air Products and Chemicals's latest annual revenue breakdown by geography, as of Sep 25: Americas Segment (44.51%), Asia Segment (28.40%), Europe Segment (25.91%), and Middle East And India Segment (1.18%).

Quarterly Revenue by Country

Country	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Americas Segment	$1.29B	$1.26B	$1.29B	$1.29B	$1.31B	$1.23B	$1.25B	$1.25B	-	$1.26B	$1.37B	$1.38B	$1.54B	$1.42B	$1.19B	$1.22B	-	-	-	-
Middle East And India Segment	$32.00M	$38.30M	$32.80M	$32.80M	$30.50M	$32.80M	$35.70M	$35.40M	$39.70M	$44.80M	$41.40M	$35.40M	$28.90M	$23.70M	-	-	-	-	-	-
Europe Segment	$789.40M	$770.50M	$727.40M	$697.20M	$730.90M	$693.40M	$667.90M	$731.20M	-	$706.60M	$752.90M	$791.90M	$863.70M	$739.60M	$738.60M	$744.20M	-	-	-	-
Asia Segment	$869.80M	$810.00M	$774.10M	$817.10M	$861.20M	$789.60M	$779.70M	$793.80M	-	$822.90M	$813.90M	$777.80M	$860.30M	$751.40M	$751.20M	$780.40M	-	-	-	-
Industrial Gases Asia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$754.00M	$751.80M	$697.50M	$717.50M
Industrial Gases Americas	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.12B	$1.06B	$1.06B	$933.00M
Industrial Gases EMEA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$674.00M	$623.30M	$584.60M	$563.00M

Air Products and Chemicals's latest quarterly revenue breakdown by geography, as of Sep 25: Americas Segment (43.27%), Asia Segment (29.18%), Europe Segment (26.48%), and Middle East And India Segment (1.07%).

Air Products and Chemicals Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
VALE	Vale	$41.78B	$9.55B
FCX	Freeport-McMoRan	$25.45B	$6.97B
SHW	Sherwin-Williams	$23.10B	$6.36B
CTVA	Corteva	$16.91B	$2.62B
PPG	PPG Industries	$15.85B	$4.08B
ECL	Ecolab	$15.74B	$4.17B
APD	Air Products and Chemicals	$12.04B	$3.02B
VMC	Vulcan Materials	$7.42B	$2.29B
MLM	Martin Marietta Materials	$6.54B	$1.45B
WPM	Wheaton Precious Metals	$1.03B	$295.48M

APD Revenue FAQ

What is Air Products and Chemicals’s yearly revenue?

Air Products and Chemicals's yearly revenue for 2025 was $12.04B, representing a decrease of -0.52% compared to 2024. The company's yearly revenue for 2024 was $12.1B, representing a decrease of -3.96% compared to 2023. APD's yearly revenue for 2023 was $12.6B, representing a decrease of -0.78% compared to 2022.

What is Air Products and Chemicals’s quarterly revenue?

Air Products and Chemicals's quarterly revenue for Q3 2025 was $3.02B, a 3.65% increase from the previous quarter (Q2 2025), and a 1.25% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $2.92B, a -0.52% decrease from the previous quarter (Q1 2025), and a -0.48% decrease year-over-year (Q2 2024). APD's quarterly revenue for Q1 2025 was $2.93B, a -8.03% decrease from the previous quarter (Q4 2024), and a -2.19% decrease year-over-year (Q1 2024).

What is Air Products and Chemicals’s revenue growth rate?

Air Products and Chemicals's revenue growth rate for the last 3 years (2023-2025) was -4.47%, and for the last 5 years (2021-2025) was 16.61%.

What are Air Products and Chemicals’s revenue streams?

Air Products and Chemicals's revenue streams in p 25 are Merchant, On-site, and Sale of Equipment. Merchant generated $5.34B in revenue, accounting 44.34% of the company's total revenue, up 0.14% year-over-year. On-site generated $6.18B in revenue, accounting 51.34% of the company's total revenue, up 4.88% year-over-year. Sale of Equipment generated $520M in revenue, accounting 4.32% of the company's total revenue, down -40.80% year-over-year.

What is Air Products and Chemicals’s main source of revenue?

For the fiscal year ending Sep 25, the largest source of revenue of Air Products and Chemicals was On-site. This segment made a revenue of $6.18B, representing 51.34% of the company's total revenue.