Air Products Q3 FY25: where the revenue came from and where it went
The whole income statement of Air Products for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 31, 2025
Revenue$3.02B
+1% year over year
Gross profit$1.04B
34% margin
Operating profit$0.79B
26% margin
Net profit$0.71B
24% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.02 | 100% | +1% |
| Onsite | 1.54 | 51% | +8% |
| Merchant | 1.34 | 44% | +1% |
| Sale of equipment | 0.14 | 5% | −39% |
| Cost of revenue | −1.99 | 66% | |
| Gross profit | 1.04 | 34% margin | +1pp |
| R&D | −0.02 | 1% | +0pp |
| SG&A | −0.22 | 7% | −1pp |
| Operating profit | 0.79 | 26% margin | +1pp |
| Other income, net | 0.08 | ||
| Tax | −0.16 | ||
| Net profit | 0.71 | 24% margin | +0pp |
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