Air Liquide revenue and financials

AI · Euronext Paris · EUR

€168.68−0.25%−€0.42

Close · October 7, 2026

In the fiscal year ended December 2025, Air Liquide reported revenue of €26.94B (−0.43% year over year). Net income was €3.52B, a net margin of 13.1%.

Annual revenue · 2025: €26.94B

€18.13B2016
€20.35B2017
€21.01B2018
€21.92B2019
€20.49B2020
€23.33B2021
€29.93B2022
€27.61B2023
€27.06B2024
€26.94B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: −0.43%; 2025 vs 2024
Net income growth: +6.41%; 2025 vs 2024
Net margin: 13.1%; 2024: 12.2%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	26,940	27,058	27,608	29,934	23,335	20,485	21,920	21,011	20,349	18,135
Cost of revenue	9,651	10,008	11,147	13,813	9,389	7,198	8,154	8,276	7,721	6,693
Gross profit	17,289	17,050	16,461	16,121	13,946	13,288	13,766	12,735	12,629	11,442
Selling, general and administrative	5,122	5,199	5,135	4,973	4,369	4,251	4,432	4,165	4,162	3,685
Operating income	5,201	5,124	4,799	4,608	3,927	3,562	3,572	3,241	3,119	2,825
EBIT	5,201	5,124	4,799	4,608	3,927	3,562	3,572	3,241	3,119	2,825
EBITDA	7,465	7,328	6,988	6,782	5,821	5,407	5,417	4,961	4,862	4,389
Interest expense	360	379	373	357	320	369	421	369	429	397
Pre-tax income	4,875	4,527	4,160	3,906	3,607	3,206	3,139	2,938	2,536	2,663
Income tax	1,231	1,087	972	1,002	915	678	802	731	207	747
Net income	3,518	3,306	3,078	2,759	2,572	2,435	2,242	2,113	2,200	1,844
Net income to common shareholders	3,518	3,306	3,078	2,759	2,572	2,435	2,242	2,113	2,237	1,833
Basic EPS	5.54	5.21	4.86	4.37	4.08	3.88	3.57	3.37	3.58	3.15
Diluted EPS	5.53	5.20	4.85	4.36	4.07	3.86	3.55	3.36	3.57	3.14
Average shares (basic)	634	634	633	632	630	628	627	626	624	582
Average shares (diluted)	636	636	636	634	633	631	630	629	627	584
Dividend per share	3.36	3.00	2.64	2.44	2.17	2.07	2.03	1.81	1.81	1.61