Air Products & Chemicals annual gross margin
2007
2008
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2010
2011
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2014
2015
2016
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2019
2020
2021
2022
2023
2024
2025
Air Products & Chemicals Gross Margin Growth & History (APD)
Air Products & Chemicals's gross margin was 31.41% for fiscal 2025.
View full Air Products & Chemicals company overviewAir Products & Chemicals annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 31.41% | −1.08 pp |
| 2024 | 2024-09-30 | 32.49% | +2.60 pp |
| 2023 | 2023-09-30 | 29.90% | +3.44 pp |
| 2022 | 2022-09-30 | 26.46% | −3.93 pp |
| 2021 | 2021-09-30 | 30.39% | −3.47 pp |
| 2020 | 2020-09-30 | 33.85% | +1.18 pp |
| 2019 | 2019-09-30 | 32.68% | +1.99 pp |
| 2018 | 2018-10-01 | 30.69% | +0.94 pp |
| 2017 | 2017-09-30 | 29.75% | −1.26 pp |
| 2016 | 2016-09-30 | 31.01% | −6.77 pp |
| 2015 | 2015-09-30 | 37.78% | +10.91 pp |
| 2014 | 2014-09-30 | 26.86% | +0.26 pp |
| 2013 | 2013-09-30 | 26.60% | −0.03 pp |
| 2012 | 2012-09-30 | 26.63% | +0.01 pp |
| 2011 | 2011-09-30 | 26.62% | −2.66 pp |
| 2010 | 2010-09-30 | 29.28% | +2.46 pp |
| 2009 | 2009-09-30 | 26.82% | +0.69 pp |
| 2008 | 2008-09-30 | 26.13% | −0.64 pp |
| 2007 | 2007-09-30 | 26.77% | — |
Air Products & Chemicals quarterly gross margin
Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
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Q2.14
Q3.14
Q4.14
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Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q3.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 32.77% | +0.27 pp |
| Q2 2026 | 2026-03-31 | 31.13% | +1.56 pp |
| Q1 2026 | 2025-12-31 | 32.07% | +0.86 pp |
| Q4 2025 | 2025-09-30 | 32.25% | −1.73 pp |
| Q3 2025 | 2025-06-30 | 32.51% | −0.31 pp |
| Q2 2025 | 2025-03-31 | 29.57% | −2.47 pp |
| Q1 2025 | 2024-12-31 | 31.21% | +0.18 pp |
| Q4 2024 | 2024-09-30 | 33.98% | +3.14 pp |
| Q3 2024 | 2024-06-30 | 32.82% | +1.07 pp |
| Q2 2024 | 2024-03-31 | 32.04% | +3.37 pp |
| Q1 2024 | 2023-12-31 | 31.03% | +2.61 pp |
| Q4 2023 | 2023-09-30 | 30.84% | +4.26 pp |
| Q3 2023 | 2023-06-30 | 31.75% | +5.18 pp |
| Q2 2023 | 2023-03-31 | 28.66% | +1.72 pp |
| Q1 2023 | 2022-12-31 | 28.42% | +2.69 pp |
| Q4 2022 | 2022-09-30 | 26.58% | −2.81 pp |
| Q3 2022 | 2022-06-30 | 26.56% | −4.26 pp |
| Q2 2022 | 2022-03-31 | 26.94% | −3.29 pp |
| Q1 2022 | 2021-12-31 | 25.74% | −5.54 pp |
| Q4 2021 | 2021-09-30 | 29.38% | −3.10 pp |
| Q3 2021 | 2021-06-30 | 30.82% | −4.06 pp |
| Q2 2021 | 2021-03-31 | 30.24% | −3.88 pp |
| Q1 2021 | 2020-12-31 | 31.27% | −2.79 pp |
| Q4 2020 | 2020-09-30 | 32.48% | −2.22 pp |
| Q3 2020 | 2020-06-30 | 34.88% | +0.80 pp |
| Q2 2020 | 2020-03-31 | 34.12% | +1.53 pp |
| Q1 2020 | 2019-12-31 | 34.07% | +4.80 pp |
| Q4 2019 | 2019-09-30 | 34.71% | +2.82 pp |
| Q3 2019 | 2019-06-30 | 34.08% | +2.49 pp |
| Q2 2019 | 2019-03-31 | 32.59% | +2.48 pp |
| Q1 2019 | 2018-12-31 | 29.27% | +0.18 pp |
| Q3 2018 · Sep 30 | 2018-09-30 | 31.89% | +2.02 pp |
| Q3 2018 · Jun 30 | 2018-06-30 | 31.59% | +1.62 pp |
| Q2 2018 | 2018-03-31 | 30.12% | +1.01 pp |
| Q1 2018 | 2017-12-31 | 29.09% | −0.97 pp |
| Q4 2017 | 2017-09-30 | 29.87% | −0.87 pp |
| Q3 2017 | 2017-06-30 | 29.97% | −1.07 pp |
| Q2 2017 | 2017-03-31 | 29.10% | −2.65 pp |
| Q1 2017 | 2016-12-31 | 30.06% | −0.51 pp |
| Q4 2016 | 2016-09-30 | 30.74% | −168.52 pp |
| Q3 2016 | 2016-06-30 | 31.04% | +0.48 pp |
| Q2 2016 | 2016-03-31 | 31.75% | +2.09 pp |
| Q1 2016 | 2015-12-31 | 30.56% | +2.06 pp |
| Q4 2015 | 2015-09-30 | 199.26% | +171.45 pp |
| Q3 2015 | 2015-06-30 | 30.56% | +3.39 pp |
| Q2 2015 | 2015-03-31 | 29.67% | +3.94 pp |
| Q1 2015 | 2014-12-31 | 28.50% | +1.80 pp |
| Q4 2014 | 2014-09-30 | 27.81% | +0.61 pp |
| Q3 2014 | 2014-06-30 | 27.17% | +0.80 pp |
| Q2 2014 | 2014-03-31 | 25.73% | −1.27 pp |
| Q1 2014 | 2013-12-31 | 26.70% | +0.85 pp |
| Q4 2013 | 2013-09-30 | 27.20% | +1.00 pp |
| Q3 2013 | 2013-06-30 | 26.37% | −1.37 pp |
| Q2 2013 | 2013-03-31 | 26.99% | +0.18 pp |
| Q1 2013 | 2012-12-31 | 25.85% | +0.04 pp |
| Q4 2012 | 2012-09-30 | 26.20% | +0.21 pp |
| Q3 2012 | 2012-06-30 | 27.75% | +1.60 pp |
| Q2 2012 | 2012-03-31 | 26.81% | −0.44 pp |
| Q1 2012 | 2011-12-31 | 25.81% | −1.36 pp |
| Q4 2011 | 2011-09-30 | 25.99% | −1.93 pp |
| Q3 2011 | 2011-06-30 | 26.14% | −2.32 pp |
| Q2 2011 | 2011-03-31 | 27.25% | −0.33 pp |
| Q1 2011 | 2010-12-31 | 27.17% | −0.66 pp |
| Q4 2010 | 2010-09-30 | 27.93% | +0.49 pp |
| Q3 2010 | 2010-06-30 | 28.47% | +0.70 pp |
| Q2 2010 | 2010-03-31 | 27.58% | +1.21 pp |
| Q1 2010 | 2009-12-31 | 27.83% | +2.07 pp |
| Q4 2009 | 2009-09-30 | 27.44% | — |
| Q3 2009 | 2009-06-30 | 27.77% | +2.00 pp |
| Q2 2009 | 2009-03-31 | 26.37% | — |
| Q1 2009 | 2008-12-31 | 25.76% | — |
| Q3 2008 | 2008-06-30 | 25.77% | — |
Air Products & Chemicals gross margin trends
Over the last five fiscal years, Air Products & Chemicals's gross margin decreased from 33.85% to 31.41%, a change of −2.44 percentage points. The latest reported quarter, Q3 2026, shows 32.77%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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