FINHUB Insights

APD · Q2 FY26 · Mar 31, 2026

Air Products Q2 FY26: where the revenue came from and where it went

Air Products Q2 FY26: revenue $3.2B (+9% year over year). Net profit $0.7B. Largest cohort Onsite $1.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Mar 31, 2026
Reported
Apr 30, 2026 10-Q
Sankey diagram of Air Products's income statement for Q2 FY26: revenue of $3.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$3.2B +9% year over year
Gross profit$1B 31% margin
Operating profit$0.8B 24% margin
Net profit$0.7B 22% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 3.2 100% +9%
Onsite 1.7 53% +10%
Merchant 1.3 41% +4%
Sale of Equipment 0.1 3% +45%
Cost of revenue−2.269%
Gross profit131% margin+2pp
Research & development−01%+0pp
SG&A−0.27%+0pp
Operating profit0.824% margin+104pp
Tax−0.2
Net profit0.722%+82pp
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.

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