Filing Flows › Linde (LIN) › Q3 2026 › vs Q3 2025
Linde (LIN) Q3 2026 vs Q3 2025 (year over year)
Linde's revenue rose $789M (+9%) from $8.6B in Q3 2025 to $9.4B in Q3 2026. The biggest changes: Americas +$348M (+11%); APAC +$209M (+12%); EMEA +$149M (+7%). 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.9% | 27.5% | -4.6 pts |
| Net margin | 18.0% | 22.4% | -4.4 pts |
| Free cash flow margin | 18.9% | 19.4% | -0.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Americas | $3.6B | $3.3B | $348M | +11% |
| EMEA | $2.3B | $2.2B | $149M | +7% |
| APAC | $1.9B | $1.7B | $209M | +12% |
| Other | $944M | $924M | $20.0M | +2% |
| Engineering | $582M | $519M | $63.0M | +12% |
| Revenue | $9.4B | $8.6B | $789M | +9% |
| Other income, net | $39.0M | $29.0M | $10.0M | +34% |
| Operating profit | $2.1B | $2.4B | −$217M | -9% |
| Costs & expenses | $7.3B | $6.2B | $1.0B | +16% |
| Pre-tax earnings | $2.2B | $2.4B | −$207M | -9% |
| Cost of revenue | $5.0B | $4.4B | $583M | +13% |
| Research & development | $37.0M | $36.0M | $1.0M | +3% |
| SG&A | $892M | $897M | −$5.0M | -0.6% |
| Other operating costs | $1.4B | $936M | $427M | +46% |
| Net earnings | $1.7B | $1.9B | −$237M | -12% |
| Minority interests | $48.0M | $43.0M | $5.0M | +12% |
| Income tax | $449M | $424M | $25.0M | +6% |
| Depreciation & amortization | $965M | $961M | $4.0M | +0.4% |
| Share-based compensation | $44.0M | $45.0M | −$1.0M | -2% |
| Working capital & other | $468M | $13.0M | $455M | 36× |
| Operating cash flow | $3.2B | $2.9B | $221M | +7% |
| Free cash flow (OCF − capex) | $1.8B | $1.7B | $105M | +6% |
| Capital expenditures | $1.4B | $1.3B | $116M | +9% |
Questions
How much did Linde's revenue grow year over year in Q3 2026?
Linde's revenue rose $789M (+9%) from $8.6B in Q3 2025 to $9.4B in Q3 2026.
What drove Linde's revenue change in Q3 2026?
Americas +$348M (+11%); APAC +$209M (+12%); EMEA +$149M (+7%).