Air Products and Chemicals revenue and financials
$281.00Change from previous close: +0.55%Absolute change: +$1.55
In the fiscal year ended September 2025, Air Products and Chemicals reported revenue of $12.04B (−0.52% year over year). The net loss was $394.5M.
Fiscal year ending in September. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −0.52%
- FY to Sep 2025 vs FY to Sep 2024
- Net margin
- -3.3%
- FY to Sep 2024: 31.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,305 | 1,104 | 901 | 1,261 | 856 | 328 | 812 | 1,261 | 802 | 627 | 845 | 639 |
| Depreciation and amortization | 385 | 375 | 371 | 413 | 401 | 384 | 367 | 360 | 361 | 349 | 340 | 340 |
| Capital expenditure | -996 | -1,108 | -1,251 | -1,518 | -1,496 | -1,892 | -2,118 | -1,607 | -1,669 | -1,446 | -1,322 | -1,007 |
| Investing cash flow | -993 | -1,076 | -1,243 | -1,488 | -1,262 | -2,237 | -2,182 | -1,548 | -1,560 | -1,666 | -1,924 | -2,220 |
| Financing cash flow | -285 | -101 | -490 | -239 | 1,209 | 1,551 | 274 | 135 | 1,350 | 1,363 | 496 | 689 |
| Dividends paid | -403 | -399 | -398 | -398 | -398 | -394 | -394 | -394 | -389 | -389 | -389 | -360 |
| Debt issued | 12.1 | 259 | 450 | 194 | 1,545 | 2,189 | 459 | 471 | 1,818 | 1,831 | 792 | 1,415 |
| Debt repaid | -74.1 | -19.1 | -570 | -125 | -47.8 | -299 | -33.6 | -63.4 | -142 | -54.8 | 6.5 | -412 |
| Effect of exchange rates | 2.3 | -2.2 | 2.7 | -2.7 | 29.5 | 4.2 | -38.0 | -8.1 | -18.6 | 21.8 | -21.8 | 3.5 |
| Net change in cash | 29.5 | -75.4 | -830 | -468 | 833 | -354 | -1,134 | -159 | 572 | 346 | -605 | -889 |
| Free cash flow | 310 | -3.9 | -351 | -257 | -640 | -1,563 | -1,306 | -345 | -868 | -819 | -477 | -368 |
| Levered free cash flow | 592 | -501 | -665 | -924 | -981 | -1,314 | -1,112 | -247 | -865 | -926 | -247 | -429 |