Air Products & Chemicals annual r&d spending
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2025
Air Products & Chemicals R&D Spending Growth & History (APD)
Air Products & Chemicals's r&d spending was $96.3M for fiscal 2025.
View full Air Products & Chemicals company overviewAir Products & Chemicals annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $96.3M | −$3.9M | −3.89% |
| 2024 | 2024-09-30 | $100.2M | −$5.4M | −5.11% |
| 2023 | 2023-09-30 | $105.6M | $2.7M | +2.62% |
| 2022 | 2022-09-30 | $102.9M | $9.4M | +10.05% |
| 2021 | 2021-09-30 | $93.5M | $9.6M | +11.44% |
| 2020 | 2020-09-30 | $83.9M | $11.0M | +15.09% |
| 2019 | 2019-09-30 | $72.9M | $8.4M | +13.02% |
| 2018 | 2018-10-01 | $64.5M | $6.9M | +11.98% |
| 2017 | 2017-09-30 | $57.6M | −$14.2M | −19.78% |
| 2016 | 2016-09-30 | $71.8M | −$4.6M | −6.02% |
| 2015 | 2015-09-30 | $76.4M | −$63.4M | −45.35% |
| 2014 | 2014-09-30 | $139.8M | $6.1M | +4.56% |
| 2013 | 2013-09-30 | $133.7M | $7.3M | +5.78% |
| 2012 | 2012-09-30 | $126.4M | $7.6M | +6.40% |
| 2011 | 2011-09-30 | $118.8M | $4.1M | +3.57% |
| 2010 | 2010-09-30 | $114.7M | −$1.6M | −1.38% |
| 2009 | 2009-09-30 | $116.3M | −$14.4M | −11.02% |
| 2008 | 2008-09-30 | $130.7M | $1.7M | +1.32% |
| 2007 | 2007-09-30 | $129.0M | — | — |
Air Products & Chemicals quarterly r&d spending
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Q3.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $21.5M | −$2.6M | −10.79% |
| Q2 2026 | 2026-03-31 | $21.6M | −$1.3M | −5.68% |
| Q1 2026 | 2025-12-31 | $20.4M | −$1.6M | −7.27% |
| Q4 2025 | 2025-09-30 | $27.3M | $5.2M | +23.53% |
| Q3 2025 | 2025-06-30 | $24.1M | −$2.9M | −10.74% |
| Q2 2025 | 2025-03-31 | $22.9M | −$2.5M | −9.84% |
| Q1 2025 | 2024-12-31 | $22.0M | −$3.7M | −14.40% |
| Q4 2024 | 2024-09-30 | $22.1M | −$2.6M | −10.53% |
| Q3 2024 | 2024-06-30 | $27.0M | −$2.3M | −7.85% |
| Q2 2024 | 2024-03-31 | $25.4M | −$1.8M | −6.62% |
| Q1 2024 | 2023-12-31 | $25.7M | $1.3M | +5.33% |
| Q4 2023 | 2023-09-30 | $24.7M | −$6.4M | −20.58% |
| Q3 2023 | 2023-06-30 | $29.3M | $4.5M | +18.15% |
| Q2 2023 | 2023-03-31 | $27.2M | $3.5M | +14.77% |
| Q1 2023 | 2022-12-31 | $24.4M | $1.1M | +4.72% |
| Q4 2022 | 2022-09-30 | $31.1M | $5.4M | +21.01% |
| Q3 2022 | 2022-06-30 | $24.8M | $1.6M | +6.90% |
| Q2 2022 | 2022-03-31 | $23.7M | $2.6M | +12.32% |
| Q1 2022 | 2021-12-31 | $23.3M | −$200,000 | −0.85% |
| Q4 2021 | 2021-09-30 | $25.7M | −$1.4M | −5.17% |
| Q3 2021 | 2021-06-30 | $23.2M | $3.3M | +16.58% |
| Q2 2021 | 2021-03-31 | $21.1M | $1.9M | +9.90% |
| Q1 2021 | 2020-12-31 | $23.5M | $5.8M | +32.77% |
| Q4 2020 | 2020-09-30 | $27.1M | $4.2M | +18.34% |
| Q3 2020 | 2020-06-30 | $19.9M | $1.8M | +9.94% |
| Q2 2020 | 2020-03-31 | $19.2M | $2.3M | +13.61% |
| Q1 2020 | 2019-12-31 | $17.7M | $2.7M | +18.00% |
| Q4 2019 | 2019-09-30 | $22.9M | — | — |
| Q3 2019 | 2019-06-30 | $18.1M | $3.1M | +20.67% |
| Q2 2019 | 2019-03-31 | $16.9M | $2.4M | +16.55% |
| Q1 2019 | 2018-12-31 | $15.0M | $400,000 | +2.74% |
| Q3 2018 · Jun 30 | 2018-06-30 | $15.0M | $400,000 | +2.74% |
| Q2 2018 | 2018-03-31 | $14.5M | −$300,000 | −2.03% |
| Q1 2018 | 2017-12-31 | $14.6M | −$400,000 | −2.67% |
| Q4 2017 | 2017-09-30 | $13.2M | −$4.8M | −26.67% |
| Q3 2017 | 2017-06-30 | $14.6M | −$4.1M | −21.93% |
| Q2 2017 | 2017-03-31 | $14.8M | −$3.4M | −18.68% |
| Q1 2017 | 2016-12-31 | $15.0M | −$1.9M | −11.24% |
| Q4 2016 | 2016-09-30 | $18.0M | — | — |
| Q3 2016 | 2016-06-30 | $18.7M | −$14.7M | −44.01% |
| Q2 2016 | 2016-03-31 | $18.2M | −$17.6M | −49.16% |
| Q1 2016 | 2015-12-31 | $16.9M | −$18.5M | −52.26% |
| Q3 2015 | 2015-06-30 | $33.4M | −$400,000 | −1.18% |
| Q2 2015 | 2015-03-31 | $35.8M | $2.6M | +7.83% |
| Q1 2015 | 2014-12-31 | $35.4M | $1.9M | +5.67% |
| Q4 2014 | 2014-09-30 | $39.3M | $4.7M | +13.58% |
| Q3 2014 | 2014-06-30 | $33.8M | $300,000 | +0.90% |
| Q2 2014 | 2014-03-31 | $33.2M | $900,000 | +2.79% |
| Q1 2014 | 2013-12-31 | $33.5M | $200,000 | +0.60% |
| Q4 2013 | 2013-09-30 | $34.6M | −$1.4M | −3.89% |
| Q3 2013 | 2013-06-30 | $33.5M | $1.0M | +3.08% |
| Q2 2013 | 2013-03-31 | $32.3M | $2.5M | +8.39% |
| Q1 2013 | 2012-12-31 | $33.3M | $5.2M | +18.51% |
| Q4 2012 | 2012-09-30 | $36.0M | $3.6M | +11.11% |
| Q3 2012 | 2012-06-30 | $32.5M | $3.2M | +10.92% |
| Q2 2012 | 2012-03-31 | $29.8M | $1.9M | +6.81% |
| Q1 2012 | 2011-12-31 | $28.1M | −$1.1M | −3.77% |
| Q4 2011 | 2011-09-30 | $32.4M | $500,000 | +1.57% |
| Q3 2011 | 2011-06-30 | $29.3M | $0 | 0.00% |
| Q2 2011 | 2011-03-31 | $27.9M | $1.6M | +6.08% |
| Q1 2011 | 2010-12-31 | $29.2M | $2.0M | +7.35% |
| Q4 2010 | 2010-09-30 | $31.9M | $2.5M | +8.50% |
| Q3 2010 | 2010-06-30 | $29.3M | $5.2M | +21.58% |
| Q2 2010 | 2010-03-31 | $26.3M | −$3.3M | −11.15% |
| Q1 2010 | 2009-12-31 | $27.2M | −$6.0M | −18.07% |
| Q4 2009 | 2009-09-30 | $29.4M | — | — |
| Q3 2009 | 2009-06-30 | $24.1M | −$9.0M | −27.19% |
| Q2 2009 | 2009-03-31 | $29.6M | — | — |
| Q1 2009 | 2008-12-31 | $33.2M | — | — |
| Q3 2008 | 2008-06-30 | $33.1M | — | — |
Air Products & Chemicals r&d spending trends
Over the last five fiscal years, Air Products & Chemicals's r&d spending increased from $83.9M to $96.3M, a change of $12.4M. The latest reported quarter, Q3 2026, shows $21.5M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Air Products & Chemicals source filings ↗