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Air Products revenue

Air Products's revenue was $12.04bn in fiscal 2025, down 0.5% on the year before. Since fiscal 2009 ($8.26bn) it has grown at a compound 2.4% a year. Over the last twelve months it was $12.60bn.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Sept 20092010Sept 20102011Sept 20112012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Revenue8.38.69.79.610.210.47.87.58.28.98.98.910.312.712.612.112.012.6
Growth on the year before—+4.4%+12.3%−0.6%+5.9%+2.5%−25.0%−4.1%+9.1%+9.1%−0.1%−0.7%+16.6%+23.0%−0.8%−4.0%−0.5%—
Gross profit2.22.52.62.62.72.83.02.32.42.72.93.03.13.43.83.93.84.0
Gross margin26.8%29.3%26.6%26.6%26.6%26.9%37.8%31.0%29.8%30.7%32.7%33.9%30.4%26.5%29.9%32.5%31.4%32.1%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to September 30, 2025
Geography
Region Revenue Share YoY
Other Foreign Operations $5.4B 45.0% ▲ 3.4%
United States $4.7B 39.0% ▼ 4.5%
China $1.9B 16.1% ▼ 0.9%

From Air Products's 10-K filed November 20, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Industrial Gases: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Air Products $12.60bn 4.5% -1.0%
The Mosaic Company $12.25bn 8.8% -10.0%
Agnico Eagle Mines LTD $11.91bn 43.7% —
Crown Holdings, Inc. $13.77bn 13.4% 4.2%
Westlake Corp $11.29bn -4.0% -6.6%
Alcoa Corp $14.31bn 11.2% 10.5%

Compare with peers

Head to head: APD vs MOSAEM vs APDAPD 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.