FINHUB Insights

APD · Q1 FY26 · Oct 1 – Dec 31, 2025

Air Products Q1 FY26: where the revenue came from and where it went

Air Products Q1 FY26: revenue $3.1B (+6% year over year). Net profit $0.7B. Largest cohort Onsite $1.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Jan 30, 2026 10-Q
Sankey diagram of Air Products's income statement for Q1 FY26: revenue of $3.1 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$3.1B +6% year over year
Gross profit$1B 32% margin
Operating profit$0.7B 24% margin
Net profit$0.7B 22% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 3.1 100% +6%
Onsite 1.6 52% +10%
Merchant 1.4 45% +0%
Sale of Equipment 0.1 3% +21%
Cost of revenue−2.168%
Gross profit132% margin+1pp
Research & development−01%+0pp
SG&A−0.27%−1pp
Other−00%+0pp
Operating profit0.724% margin+2pp
Tax−0.1
Net profit0.722%+1pp
Filing on EDGAR More quarters of APD

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters