Linde

LIN · NASDAQ · USD

$479.48+2.14%+$10.03

Close · October 2, 2026

At a glance

Revenue growth: +2.97%; 2025 vs 2024
Net income growth: +5.07%; 2025 vs 2024
Net margin: 20.3%; 2024: 19.9%

Financial data

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

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	9,289	8,781	8,764	8,615	8,495	8,112	8,282	8,356	8,267	8,100	8,302	8,155
Cost of revenue	4,861	4,523	4,547	4,379	4,306	4,157	4,320	4,356	4,251	4,216	4,431	4,314
Gross profit	4,428	4,258	4,217	4,236	4,189	3,955	3,962	4,000	4,016	3,884	3,871	3,841
Selling, general and administrative	838	839	823	840	811	730	768	778	791	810	793	773
Research and development	37.0	38.0	35.0	36.0	38.0	38.0	39.0	37.0	36.0	38.0	39.0	36.0
Operating income	2,612	2,500	2,469	2,407	2,401	2,294	2,313	2,236	2,231	2,102	2,143	2,090
EBIT	2,612	2,500	2,469	2,407	2,401	2,294	2,313	2,236	2,231	2,102	2,143	2,090
EBITDA	3,575	3,451	3,419	3,368	3,343	3,204	3,226	3,196	3,189	3,051	3,092	3,049
Interest expense	147	22.0	381	81.0	31.0	—	374	—	68.0	65.0	334	73.0
Pre-tax income	2,582	2,471	2,054	2,396	2,379	2,218	2,302	2,101	2,208	2,128	2,035	2,088
Income tax	610	571	481	424	573	511	533	498	508	463	459	487
Net income	1,928	1,857	1,530	1,929	1,766	1,673	1,725	1,550	1,663	1,627	1,543	1,565
Net income to common shareholders	1,928	1,857	1,530	1,929	1,766	1,673	1,725	1,550	1,663	1,627	1,543	1,565
Basic EPS	4.17	4.00	3.28	4.11	3.75	3.53	3.63	3.24	3.46	3.38	3.19	3.21
Diluted EPS	4.15	3.98	3.26	4.09	3.73	3.51	3.60	3.22	3.44	3.35	3.16	3.19
Average shares (basic)	463	464	466	469	471	473	476	478	480	482	484	487
Average shares (diluted)	465	466	469	472	474	476	479	481	483	486	488	491
Dividend per share	1.60	1.60	1.50	1.50	1.50	1.50	1.39	1.39	1.39	1.39	1.27	1.28