Filing Flows › Air Products & Chemicals (APD) › Operating margin
Air Products & Chemicals (APD) operating margin by quarter
Air Products & Chemicals' operating margin was 17.8% in Q4 FY26 (fourth quarter fiscal 2026), -5.9 pts from Q2 FY26. Over the last 5 quarters it ranged from 0.5% (Q4 FY25) to 26.2% (Q3 FY25).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q4 FY26 | 17.8% | -5.9 pts | +17.3 pts |
| Q2 FY26 | 23.7% | +0.1 pts | — |
| Q1 FY26 | 23.7% | +23.1 pts | — |
| Q4 FY25 | 0.5% | -25.6 pts | — |
| Q3 FY25 | 26.2% | — | — |
Q4 FY26 at a glance
Air Products & Chemicals, Q4 FY26: revenue $3.6B (+12% year over year), operating margin 17.8%, net earnings $584M. The chart follows the revenue to costs, profit and cash.
Questions
What is Air Products & Chemicals' operating margin?
Air Products & Chemicals' operating margin was 17.8% in Q4 FY26 (fourth quarter fiscal 2026), -5.9 pts from Q2 FY26.
How has Air Products & Chemicals' operating margin changed?
Over the last 5 quarters it ranged from 0.5% (Q4 FY25) to 26.2% (Q3 FY25).
Q4 FY26 results → · How Air Products & Chemicals makes money →