Filing Flows › Linde (LIN) › Q2 2026 › vs Q2 2025
Linde (LIN) Q2 2026 vs Q2 2025 (year over year)
Linde's revenue rose $794M (+9%) from $8.5B in Q2 2025 to $9.3B in Q2 2026. The biggest changes: Americas +$271M (+7%); APAC +$215M (+13%); EMEA +$141M (+7%). Operating margin 27.5% against 27.7% (-0.2 pts).
Linde, Q2 2026: revenue $9.3B (+9% year over year), operating margin 27.5%, net earnings $1.9B, operating cash flow $2.3B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 27.5% | 27.7% | -0.2 pts |
| Net margin | 20.8% | 20.8% | -0.0 pts |
| Free cash flow margin | 9.0% | 11.2% | -2.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Americas | $4.1B | $3.8B | $271M | +7% |
| EMEA | $2.3B | $2.2B | $141M | +7% |
| APAC | $1.9B | $1.7B | $215M | +13% |
| Engineering | $625M | $551M | $74.0M | +13% |
| Other | $408M | $315M | $93.0M | +30% |
| Revenue | $9.3B | $8.5B | $794M | +9% |
| Other income, net | $28.0M | $25.0M | $3.0M | +12% |
| Operating profit | $2.6B | $2.4B | $200M | +8% |
| Costs & expenses | $6.7B | $6.1B | $594M | +10% |
| Pre-tax earnings | $2.6B | $2.4B | $203M | +9% |
| Cost of revenue | $4.9B | $4.3B | $555M | +13% |
| Research & development | $37.0M | $38.0M | −$1.0M | -3% |
| SG&A | $891M | $870M | $21.0M | +2% |
| Other operating costs | $946M | $927M | $19.0M | +2% |
| Net earnings | $1.9B | $1.8B | $162M | +9% |
| Minority interests | $44.0M | $40.0M | $4.0M | +10% |
| Income tax | $610M | $573M | $37.0M | +6% |
| Depreciation & amortization | $963M | $942M | $21.0M | +2% |
| Share-based compensation | $19.0M | $46.0M | −$27.0M | -59% |
| Working capital & other | $639M | $543M | $96.0M | +18% |
| Operating cash flow | $2.3B | $2.2B | $60.0M | +3% |
| Free cash flow (OCF − capex) | $833M | $954M | −$121M | -13% |
| Capital expenditures | $1.4B | $1.3B | $181M | +14% |
Questions
How much did Linde's revenue grow year over year in Q2 2026?
Linde's revenue rose $794M (+9%) from $8.5B in Q2 2025 to $9.3B in Q2 2026.
What drove Linde's revenue change in Q2 2026?
Americas +$271M (+7%); APAC +$215M (+13%); EMEA +$141M (+7%).