Linde Q4 FY25: where the revenue came from and where it went

The whole income statement of Linde for this quarter, as one diagram: what earned the revenue, and what it went on.

Period: Oct 1 – Dec 31, 2025
Reported: Feb 25, 2026 10-K accession 0001628280-26-011430

Revenue$8.76B +6% year over year

Gross profit$4.22B 48% margin

Operating profit$2.02B 23% margin

Net profit$1.53B 17% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	8.76	100%	+6%
Cost of revenue	−4.55	52%
Gross profit	4.22	48% margin	+0pp
R&D	−0.04	0%	+0pp
SG&A	−0.88	10%	+0pp
Other	−1.28	15%	+0pp
Operating profit	2.02	23% margin	−4pp
Tax	−0.49
Net profit	1.53	17% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: the totals in the filing, whose revenue split this site could not read (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

Filing on EDGAR More quarters of LIN

Linde Q4 FY25: where the revenue came from and where it went

The numbers

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