Filing Flows › Air Products & Chemicals (APD) › Q3 FY26
Air Products & Chemicals (APD) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 30, 2026
Air Products & Chemicals (APD) reported revenue of $3.2B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -0.3% from the quarter before. Operating margin was -66.3%, net loss $1.4B (45.0% of revenue).
Air Products & Chemicals, Q3 FY26: revenue $3.2B (+5% year over year), operating margin -66.3%, net loss $1.4B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -0.3% | +5% |
| Operating profit | −$2.1B | -379% | -365% |
| Net earnings | −$1.4B | -300% | -299% |
| Operating cash flow | $1.3B | +18% | +53% |
| Free cash flow | $310M | — | — |
What changed
Revenue was $3.2B in Q3 FY26, up 5% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $2.1B, an operating margin of -66.3%. Total costs grew 136% against revenue growth of 5%. The quarter ended with a net loss of $1.4B, after a profit of $0.72B the previous quarter.
Operating cash flow was $1.3B (up 53% year over year). Non-cash charges added back $0.39B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $2.3B. Capital expenditures of $1.0B left free cash flow of $0.31B.
Questions
What was Air Products & Chemicals' revenue in the third quarter fiscal 2026?
Air Products & Chemicals (APD) reported revenue of $3.2B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -0.3% from the quarter before.
Was Air Products & Chemicals profitable in the third quarter fiscal 2026?
Operating loss was $2.1B (-66.3% of revenue) and net loss $1.4B.