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How Linde (LIN) makes money
Linde (LIN) made $9.4B of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Americas brought in $3.6B (38%); EMEA brought in $2.3B (25%); APAC brought in $1.9B (21%). Of every dollar of revenue, 23¢ was left as operating profit, 18¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Americas | $3.6B | 38.3% | -12% | +11% |
| EMEA | $2.3B | 24.7% | +1% | +7% |
| APAC | $1.9B | 20.7% | +4% | +12% |
| Other | $944M | 10.0% | +131% | +2% |
| Engineering | $582M | 6.2% | -7% | +12% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $9.4B | 100.0% |
| Operating profit | $2.1B | 22.9% |
| Income tax | $449M | 4.8% |
| Net earnings | $1.7B | 18.0% |
| Operating cash flow | $3.2B | 33.7% |
| Free cash flow | $1.8B | 18.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $9.4B | +9% |
| Q2 2026 | $9.3B | +9% |
| Q1 2026 | $8.8B | +8% |
| Q4 2025 | $8.8B | +6% |
| Q3 2025 | $8.6B | +3% |
| Q2 2025 | $8.5B | +3% |
| Q1 2025 | $8.1B | +0.1% |
From Linde's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Linde make money?
Linde (LIN) made $9.4B of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Americas brought in $3.6B (38%); EMEA brought in $2.3B (25%); APAC brought in $1.9B (21%). Of every dollar of revenue, 23¢ was left as operating profit, 18¢ was left as net earnings.
What is Linde's biggest business?
Americas: $3.6B in the third quarter 2026, 38% of revenue, +11% from a year earlier.
What is Linde's profit margin?
Net earnings were $1.7B, 18.0% of revenue, in the third quarter 2026; the operating margin was 22.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.