Filing Flows › Linde (LIN) › Q3 2026 › vs Q2 2026
Linde (LIN) Q3 2026 vs Q2 2026 (quarter over quarter)
Linde's revenue rose $115M (+1%) from $9.3B in Q2 2026 to $9.4B in Q3 2026. The biggest changes: Other +$536M (+131%); Americas −$482M (-12%); APAC +$80.0M (+4%). Operating margin 22.9% against 27.5% (-4.6 pts).
Linde, Q3 2026: revenue $9.4B (+9% year over year), operating margin 22.9%, net earnings $1.7B, operating cash flow $3.2B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 22.9% | 27.5% | -4.6 pts |
| Net margin | 18.0% | 20.8% | -2.8 pts |
| Free cash flow margin | 18.9% | 9.0% | +9.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Americas | $3.6B | $4.1B | −$482M | -12% |
| EMEA | $2.3B | $2.3B | $24.0M | +1% |
| APAC | $1.9B | $1.9B | $80.0M | +4% |
| Other | $944M | $408M | $536M | +131% |
| Engineering | $582M | $625M | −$43.0M | -7% |
| Revenue | $9.4B | $9.3B | $115M | +1% |
| Other income, net | $39.0M | $28.0M | $11.0M | +39% |
| Operating profit | $2.1B | $2.6B | −$404M | -16% |
| Costs & expenses | $7.3B | $6.7B | $519M | +8% |
| Pre-tax earnings | $2.2B | $2.6B | −$393M | -15% |
| Cost of revenue | $5.0B | $4.9B | $101M | +2% |
| Research & development | $37.0M | $37.0M | $0 | 0% |
| SG&A | $892M | $891M | $1.0M | +0.1% |
| Other operating costs | $1.4B | $946M | $417M | +44% |
| Net earnings | $1.7B | $1.9B | −$236M | -12% |
| Minority interests | $48.0M | $44.0M | $4.0M | +9% |
| Income tax | $449M | $610M | −$161M | -26% |
| Depreciation & amortization | $965M | $963M | $2.0M | +0.2% |
| Share-based compensation | $44.0M | $19.0M | $25.0M | +132% |
| Working capital & other | $468M | −$639M | $1.1B | — |
| Operating cash flow | $3.2B | $2.3B | $898M | +40% |
| Free cash flow (OCF − capex) | $1.8B | $833M | $944M | +113% |
| Capital expenditures | $1.4B | $1.4B | −$46.0M | -3% |
Questions
How much did Linde's revenue grow quarter over quarter in Q3 2026?
Linde's revenue rose $115M (+1%) from $9.3B in Q2 2026 to $9.4B in Q3 2026.
What drove Linde's revenue change in Q3 2026?
Other +$536M (+131%); Americas −$482M (-12%); APAC +$80.0M (+4%).