Linde plc income statement

In fiscal 2025, Linde plc reported revenue of $33.99bn, up 3.0% on the year before, operating income of $8.92bn (a 26.3% margin) and net income of $6.90bn, or $14.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Linde plc: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	10.5	11.4	14.8	28.2	27.2	30.8	33.4	32.9	33.0	34.0	36.2
Research and development	0.1	0.1	0.1	0.2	0.2	0.1	0.1	0.1	0.2	0.1	0.1
Selling, general and administrative	1.1	1.2	1.6	3.5	3.2	3.2	3.1	3.3	3.3	3.4	3.6
Operating income	2.2	2.4	5.2	2.9	3.3	5.0	5.4	8.0	8.6	8.9	9.2
Interest expense	0.2	0.2	0.3	0.3	0.3	0.2	0.1	0.2	0.3	0.3	0.3
Net interest income	—	—	—	—	−0.1	−0.1	−0.1	−0.2	−0.3	−0.3	—
Income before tax	2.0	2.3	5.0	2.9	3.4	5.1	5.5	8.0	8.6	8.9	9.1
Income tax	0.6	1.0	0.8	0.8	0.8	1.3	1.4	1.8	2.0	2.0	2.1
Net income	1.5	1.2	4.4	2.3	2.5	3.8	4.1	6.2	6.6	6.9	7.0
Diluted EPS	$5.21	$4.32	$13.11	$4.19	$4.71	$7.33	$8.23	$12.59	$13.62	$14.61	$15.06
Diluted shares (average)	288m	289m	334m	545m	531m	522m	504m	492m	482m	472m	465m
EBITDA	3.4	3.6	7.1	7.6	7.9	9.6	9.6	11.8	12.4	12.7	13.0

US$ millions unless shown otherwise. Fiscal quarters.

Linde plc: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	8,282	8,112	8,495	8,615	8,764	8,781	9,289	9,404
Research and development	39	38	38	36	35	38	37	37
Selling, general and administrative	814	786	870	897	880	893	891	892
Operating income	2,270	2,184	2,354	2,367	2,018	2,439	2,554	2,150
Interest expense	53	60	67	64	64	62	61	71
Income before tax	2,263	2,180	2,346	2,360	2,011	2,431	2,546	2,128
Income tax	533	511	573	424	481	571	610	449
Net income	1,725	1,673	1,766	1,929	1,530	1,857	1,928	1,692
Diluted EPS	$3.60	$3.51	$3.73	$4.09	$3.27	$3.98	$4.15	$3.66
EBITDA	3,183	3,094	3,296	3,328	2,968	3,390	3,517	3,115

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: LIN vs NUE CRH vs LIN LIN vs LYB

More: Materials sector, rankings of US companies

Figures from Linde plc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Linde plc.