undamentalytics Newsletter

Air Products number of employees

Air Products reported 21,300 employees at September 30, 2025 in its latest annual report, down 1,700 (7.4%) on the year before. That compares with 20,875 at September 30, 2021. Revenue per employee was $565,131.

Headcount by year

Fiscal year endEmployeesChangeRevenue per employeeSource
September 30, 2025 21,300 −1,700 (7.4%) $565,131 10-K, filed November 20, 2025
September 30, 2024 23,000 +0 (0.0%) $526,113 10-K, filed November 21, 2024
September 30, 2023 23,000 +1,100 (5.0%) $547,826 10-K, filed November 16, 2023
September 30, 2022 21,900 +1,025 (4.9%) $579,845 10-K, filed November 22, 2022
September 30, 2021 20,875 — $494,515 10-K, filed November 18, 2021

What the annual reports say

  • As of 30 September 2025, we had approximately 21,300 employees, with over 99% working full-time and approximately 75% based outside the United States. 2025 annual report
  • Our latest Sustainability Report is available at www.airproducts.com/company/sustainability/sustainability-report. 9 Table of Contents Human Capital Management As of 30 September 2024, we had approximately 23,000 employees, of which over 95% were working full-time and approximately 75% were located outside the United States. 2024 annual report
  • Human Capital Management As of 30 September 2023, we had approximately 23,000 employees, of which over 90% were working full-time and 74% were located outside the United States. 2023 annual report
  • We are living this commitment, putting sustainability in action through our major global projects that will support the energy transition. 8 Table of Contents Human Capital Management As of 30 September 2022, we had approximately 21,900 employees, of which over 90% were working full-time and 62% were located outside the United States. 2022 annual report
  • On 30 September 2021, we had approximately 20,875 employees, of whom approximately 20,625 were full-time and approximately 15,575 were located outside the United States. 2021 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

Head to head: APD vs MOSAPD vs CCK

More: Materials sector, rankings of US companies

Figures from Air Products's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Air Products.