Linde Q1 FY26: 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
- Jan 1 – Mar 31, 2026
- Reported
- May 1, 2026
Revenue$8.78B
+8% year over year
Gross profit$4.26B
48% margin
Operating profit$2.44B
28% margin
Net profit$1.86B
21% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 8.78 | 100% | +8% |
| Americas | 4.03 | 46% | |
| EMEA | 2.17 | 25% | |
| APAC | 1.70 | 19% | |
| Engineering | 0.52 | 6% | |
| Other revenue | 0.37 | 4% | |
| Cost of revenue | −4.52 | 52% | |
| Gross profit | 4.26 | 48% margin | |
| R&D | −0.04 | 1% | +0pp |
| SG&A | −0.89 | 10% | +0pp |
| Other | −0.89 | 10% | |
| Operating profit | 2.44 | 28% margin | +1pp |
| Tax | −0.58 | ||
| Net profit | 1.86 | 21% margin | +1pp |
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