Filing Flows › Air Products & Chemicals (APD) › Q4 FY26 › vs Q3 FY26
Air Products & Chemicals (APD) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Air Products & Chemicals's revenue rose $395M (+12%) from $3.2B in Q3 FY26 to $3.6B in Q4 FY26. Operating margin 17.8% against -66.3% (+84.2 pts).
Air Products & Chemicals, Q4 FY26: revenue $3.6B (+12% year over year), operating margin 17.8%, net earnings $584M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 17.8% | -66.3% | +84.2 pts |
| Net margin | 16.4% | -45.6% | +62.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.6B | $3.2B | $395M | +12% |
| Other income, net | $122M | $159M | −$37.2M | -23% |
| Operating profit | $633M | −$2.1B | $2.7B | — |
| Costs & expenses | $2.9B | $5.3B | −$2.3B | -44% |
| Pre-tax earnings | $755M | −$1.9B | $2.7B | — |
| Cost of revenue | $2.5B | $2.1B | $346M | +16% |
| Research & development | $25.4M | $21.5M | $3.9M | +18% |
| Other operating costs | $426M | $2.9B | −$2.5B | -85% |
| Loss borne by minority interests | $27.8M | −$18.5M | $46.3M | — |
| Net earnings | $584M | −$1.4B | $2.0B | — |
| Income tax | $199M | −$515M | $714M | — |
Questions
How much did Air Products & Chemicals's revenue grow quarter over quarter in Q4 FY26?
Air Products & Chemicals's revenue rose $395M (+12%) from $3.2B in Q3 FY26 to $3.6B in Q4 FY26. Operating margin 17.8% against -66.3% (+84.2 pts).