APD on NYSE

Air Products & Chemicals

Logo: AIR Products, Public domain, via Wikimedia Commons6

American multinational company

Air Products and Chemicals, Inc. is a U.S.-based international corporation whose principal business is selling gases and chemicals for industrial use. Air Products is headquartered in Trexlertown, Pennsylvania, in the Lehigh Valley region of eastern Pennsylvania. As of 2024, Air Products is the fifth-largest employer in the Lehigh Valley.3 Its chief executive is Seifollah Ghasemi (since 2014).1 Its revenue was $12.7 billion in 2022.1 Its shares trade on NYSE under the symbol APD.1 Wikipedia text CC BY-SA 4.0

$299.00 up 2.40 (0.81%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

$12.0BRevenue, fiscal 20257
-$394.5MNet income, fiscal 20257
1940Founded1

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  • TickerAPD on NYSE1
  • IndustryIndustrial Inorganic Chemicals1
  • HeadquartersDetroit1
  • Founded inDetroit1
  • Websiteairproducts.com
  • Legal formDelaware corporation1
  • Incorporated inDE8
  • Business address1940 Air Products Blvd., Allentown, Pa 18106-55008
  • Filer categoryLarge accelerated filer8
  • LEI7QEON6Y1RL5XR3R1W2374
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 5676134
Air Products Headquarters, Trexlertown
Photo: CyberXRef, CC BY-SA 3.0, via Wikimedia Commons23

Air Products and Chemicals, Inc. is a U.S.-based international corporation whose principal business is selling gases and chemicals for industrial use. Air Products is headquartered in Trexlertown, Pennsylvania, in the Lehigh Valley region of eastern Pennsylvania.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-7.3%Operating margin7
-3.3%Net margin7
-0.5%Revenue growth, 20257
-2.6%Return on equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

On-site brought in 51% of the revenue Air Products & Chemicals broke down this way in fiscal 2025.

  1. On-site$6.2B751%up 5% from 2024
  2. Merchant$5.3B744%up 0% from 2024
  3. Sale of Equipment$520.0M74%down 41% from 2024
Products and services by year
Products and services202320242025
On-site$6.2B$5.9B$6.2B
Merchant$5.5B$5.3B$5.3B
Sale of Equipment$889.0M$878.4M$520.0M

Business segments

Americas brought in 43% of the revenue Air Products & Chemicals broke down this way in fiscal 2025.

  1. Americas$5.1B743%up 2% from 2024
  2. Asia$3.3B727%up 1% from 2024
  3. Europe$3.0B725%up 6% from 2024
  4. Corporate Segment and Other Operating$520.0M74%down 41% from 2024
  5. Middle East And India$135.9M71%up 1% from 2024
Business segments by year
Business segments202320242025
Americas$5.4B$5.0B$5.1B
Asia$3.2B$3.2B$3.3B
Europe$3.0B$2.8B$3.0B
Corporate Segment and Other Operating$889.0M$878.4M$520.0M
Middle East And India$162.5M$134.4M$135.9M

Regions

Other Foreign Operations brought in 45% of the revenue Air Products & Chemicals broke down this way in fiscal 2025.

  1. Other Foreign Operations$5.4B745%up 3% from 2024
  2. United States$4.7B739%down 5% from 2024
  3. China$1.9B716%down 1% from 2024
Regions by year
Regions202320242025
Other Foreign Operations$5.4B$5.2B$5.4B
United States$5.2B$4.9B$4.7B
China$2.0B$2.0B$1.9B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue69¢$8.3B
  • Research and development1¢$96.3M
  • Selling, general and admin8¢$906.1M
  • Other costs22¢$2.7B
  • Income tax1¢$94.3M

Out of $12.0B in revenue.7 The company lost money this year.

Financial statements

Revenue24252627287$12.0B in 2025+35% since 2018
0$5.0B$10.0B$15.0B2018: $8.9B$8.9B20182019: $8.9B$8.9B2019−0%2020: $8.9B$8.9B2020−1%2021: $10.3B$10.3B2021+17%2022: $12.7B$12.7B2022+23%2023: $12.6B$12.6B2023−1%2024: $12.1B$12.1B2024−4%2025: $12.0B$12.0B2025−1%
Gross profit2924$3.0B in 2020+9% since 2018
0$1.0B$2.0B$3.0B2018: $2.7B$2.7B20182019: $2.9B$2.9B2019+6%2020: $3.0B$3.0B2020+3%
Operating income24252627287-$877.0M in 2025
-$2.0B0$2.0B$4.0B$6.0B2018: $2.0B$2.0B20182019: $2.1B$2.1B2019+9%2020: $2.2B$2.2B2020+4%2021: $2.3B$2.3B2021+2%2022: $2.3B$2.3B2022+3%2023: $2.5B$2.5B2023+7%2024: $4.5B$4.5B2024+79%2025: -$877.0M-$877.0M2025
Net income24252627287-$394.5M in 2025
-$2.0B0$2.0B$4.0B2018: $1.5B$1.5B20182019: $1.8B$1.8B2019+18%2020: $1.9B$1.9B2020+7%2021: $2.1B$2.1B2021+11%2022: $2.3B$2.3B2022+7%2023: $2.3B$2.3B2023+2%2024: $3.8B$3.8B2024+66%2025: -$394.5M-$394.5M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-09-302024-09-302023-09-30
Sales$12.0B$12.1B$12.6B
Cost of sales$8.3B$8.2B$8.8B
Selling and administrative expense$906.1M$942.4M$957.0M
Research and development expense$96.3M$100.2M$105.6M
Business and asset actions$3.7B$57.0M$244.6M
Shareholder activism-related costs$86.3M$0$0
Gain on sale of business$67.3M$1.6B$0
Other income (expense), net$110.1M$58.2M$34.8M
Operating Income (Loss)-$877.0M$4.5B$2.5B
Equity affiliates' income$647.7M$647.7M$604.3M
Interest expense$214.0M$218.8M$177.5M
Other non-operating income (expense), net$2.6M-$73.8M-$39.0M
Income (Loss) From Continuing Operations Before Taxes-$440.7M$4.8B$2.9B
Income tax expense (benefit)-$94.3M$944.9M$551.2M
Income (Loss) From Continuing Operations-$346.4M$3.9B$2.3B
Income (Loss) from discontinued operations, net of tax-$8.0M-$13.9M$7.4M
Net Income (Loss)-$354.4M$3.9B$2.3B
Net income attributable to noncontrolling interests$40.1M$34.2M$38.4M
Net Income (Loss) Attributable to Air Products-$394.5M$3.8B$2.3B
Net income (loss) from continuing operations-$386.5M$3.8B$2.3B
Net income (loss) from discontinued operations-$8.0M-$13.9M$7.4M
Basic earnings (loss) per share from continuing operations (in dollars per share)-$2$17$10
Basic earnings (loss) per share from discontinued operations (in dollars per share)-$0-$0$0
Basic Earnings (Loss) Per Share Attributable to Air Products (in dollars per share)-$1.77$17.21$10.35
Diluted earnings (loss) per share from continuing operations (in dollars per share)-$2$17$10
Diluted earnings (loss) per share from discontinued operations (in dollars per share)-$0-$0$0
Diluted Earnings (Loss) Per Share Attributable to Air Products (in dollars per share)-$1.77$17.18$10.33
Basic (in shares)222.7M shares222.5M shares222.3M shares
Diluted (in shares)222.7M shares222.8M shares222.7M shares

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Corporate structure

Air Products & Chemicals sits at the top of its group. 84 entities, 28 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Air Products & Chemicals

  • Air Products & Chemicals Allentown, Pennsylvania, United States
    • STRAVINSKY INVESTMENTS LLC Wilmington, Pennsylvania, United States
      • AIR PRODUCTS ASIA, INC. Wilmington, Delaware, United States
        • AIR PRODUCTS JAPAN, INC. (ニホンエアープロダクツ) Subsidiary · Allentown, Pennsylvania, United States
    • Air Products Subsidiary · China
    • Air Products and Chemicals, Inc. of Utah Subsidiary · Utah, United States
    • AIR PRODUCTS BLUE ENERGY LLC Subsidiary · Allentown, Pennsylvania, United States
    • AIR PRODUCTS INDUSTRIAL GAS LLC Subsidiary · Wilmington, Delaware, United States
    • AIR PRODUCTS KOREA INC. (에어프로덕츠코리아) Subsidiary · Allentown, Pennsylvania, United States
    • AIR PRODUCTS MANUFACTURING CORPORATION Subsidiary · Wilmington, Delaware, United States
      • AIR PRODUCTS INVESTMENTS, LLC Wilmington, Delaware, United States
      • PRODAIR CORPORATION Wilmington, Delaware, United States
        • Air Products Holdings B.V. Rotterdam, Netherlands
          • 11 more
        • Air Products Investments B.V. Rotterdam, Netherlands
          • 1 more
        • Indura Santiago, Chile
          • 1 more
        • AIR PRODUCTS Subsidiary · Paris, France
        • AIR PRODUCTS (SINGAPORE) ENERGY PTE. LTD. Subsidiary · Allentown, Pennsylvania, United States
        • AIR PRODUCTS AND CHEMICALS (CHINA) INVESTMENT CO., LTD. (空气化工产品(中国)投资有限公司) Subsidiary · 上海, China
          • 8 more
        • AIR PRODUCTS AND CHEMICALS (S) PTE. LTD. Subsidiary · Allentown, Pennsylvania, United States
        • AIR PRODUCTS BRASIL LTDA. Subsidiary · Sao Paulo, Brazil
        • AIR PRODUCTS CANADA LTD. Subsidiary · Toronto, Ontario, Canada
        • AIR PRODUCTS GROUP LIMITED Subsidiary · Chertsey, United Kingdom
          • 3 more
        • AIR PRODUCTS HOLDINGS GMBH Subsidiary · Allentown, Pennsylvania, United States
          • 1 more
        • AIR PRODUCTS ISRAEL LTD (אייר פרודקטס ישראל בע"מ) Subsidiary · Kiryat Gat, Israel
        • AIR PRODUCTS ITALIA S.R.L. Subsidiary · Milan, Italy
        • AIR PRODUCTS MALAYSIA SDN. BHD. Subsidiary · Petaling Jaya, Malaysia
          • 1 more
        • AIR PRODUCTS SHARED SERVICES SDN. BHD. Subsidiary · Kuala Lumpur, Malaysia
        • AIR PRODUCTS SINGAPORE INDUSTRIAL GASES PTE. LTD. Subsidiary · Singapore, Singapore
        • AIR PRODUCTS TAIWAN HOLDINGS CO., LTD. Subsidiary · Allentown, Pennsylvania, United States
          • 2 more
        • PRODAIR AIR PRODUCTS INDIA PRIVATE LIMITED Subsidiary · Pune, India
        • PT AIR PRODUCTS EAST KALIMANTAN Subsidiary · Bekasi, Indonesia
          • 1 more
        • PT AIR PRODUCTS INDONESIA Subsidiary · Bekasi, Indonesia
      • AIR PRODUCTS HELIUM, INC. Subsidiary · Wilmington, Delaware, United States
        • AIR PRODUCTS LLC Subsidiary · Wilmington, Delaware, United States
          • 2 more
      • Air Products O.O.O. Subsidiary · Allentown, Pennsylvania, United States
        • "Air Products Gas" OOO Subsidiary · Allentown, Pennsylvania, United States
    • AIR PRODUCTS MANUFACTURING LLC Subsidiary · Wilmington, Delaware, United States
      • AIR PRODUCTS NETHERLANDS GASES B.V. Subsidiary · Allentown, Pennsylvania, United States
    • AIR PRODUCTS WEST COAST HYDROGEN LLC Subsidiary · Allentown, Pennsylvania, United States
    • EPCO Carbondioxide Products, Inc. Subsidiary · Illinois, United States
    • Gardner Cryogenics, Inc. Subsidiary · Pennsylvania, United States
    • Indura Holdings Subsidiary · Colombia
    • ProCal Subsidiary · California, United States
    • PT Air Products Subsidiary · Indonesia
    • The Former SR Manufacturers Inc. Subsidiary · Colorado, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Air Products & Chemicals reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$42.8B7 Sep 30, 2025$40.0B7 Sep 30, 2024+7.0%
Accumulated depreciation$17.4B7 Sep 30, 2025$16.6B7 Sep 30, 2024+5.0%
Property and equipment, net$25.3B7 Sep 30, 2025$23.4B7 Sep 30, 2024+8.4%
Operating-lease assets (leased space)$944.0M7 Sep 30, 2025$1.0B7 Sep 30, 2024−9.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.9B7 Sep 30, 2025$3.0B7 Sep 30, 2024−37.7%
Marketable securities, current$07 Sep 30, 2025$5.0M7 Sep 30, 2024−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$963.9M7 Sep 30, 2025$905.1M7 Sep 30, 2024+6.5%
Intangible assets, net (excluding goodwill)$293.5M7 Sep 30, 2025$311.6M7 Sep 30, 2024−5.8%
Finite-lived intangibles, gross$627.8M7 Sep 30, 2025$627.1M7 Sep 30, 2024+0.1%
Accumulated amortization$369.4M7 Sep 30, 2025$351.8M7 Sep 30, 2024+5.0%
Finite-lived intangibles, net$258.4M7 Sep 30, 2025$275.3M7 Sep 30, 2024−6.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$776.5M7 Sep 30, 2025$766.0M7 Sep 30, 2024+1.4%
Work in process$42.4M7 Sep 30, 2025$42.2M7 Sep 30, 2024+0.5%
Finished goods$191.9M7 Sep 30, 2025$210.2M7 Sep 30, 2024−8.7%

Properties, in its own words

Air Products and Chemicals, Inc. owns its principal administrative offices located at the Company's global headquarters and co-located research and development facility in Allentown, Pennsylvania, as well as regional offices in Medellin, Colombia; and Santiago, Chile. We lease the principal administrative offices in Shanghai, China; Pune, India; Vadodara, India; and Dhahran, Saudi Arabia. We lease administrative offices in the United States, Canada, England, Spain, Malaysia, and China, primarily for our Finance and Business Services organization.

Descriptions of the properties used by our five business segments are provided below. We believe that our facilities are suitable and adequate for our current and anticipated future levels of operation.

The rest of Item 2

Our Americas segment operates from approximately 445 production and distribution facilities in North and South America. Of these facilities, approximately 20% are located on owned property. We have sufficient property rights and permits for the ongoing operation of our pipeline systems in the Gulf Coast, California, and Arizona in the United States and Alberta and Ontario in Canada. Management and sales support is based in our Allentown, Medellin, and Santiago offices referred to above, and at approximately 30 leased properties located throughout North and South America.

Our Asia segment operates from approximately 300 production and distribution facilities within the region, of which approximately 35% are on owned property or long-duration term grants. We have sufficient property rights and permits for the ongoing operation of our pipeline systems in China, South Korea, Taiwan, Malaysia, and Indonesia. Management and sales support for this business segment is based in Shanghai, China, and Kuala Lumpur, Malaysia, and in approximately 30 leased office locations throughout the region.

Our Europe segment operates from approximately 245 production and distribution facilities in Europe, of which approximately 35% are on owned property. We have sufficient property rights and permits for the ongoing operation of our pipeline systems in the Netherlands, the United Kingdom, Belgium, and France. Management and sales support for this business segment is based in Chertsey, England; and Barcelona, Spain; and at approximately 20 leased regional office sites and 15 leased local office sites throughout the region.

Our Middle East and India segment operates from approximately 20 production and distribution facilities throughout the region, all of which are leasehold properties. Management and sales support for this business segment are based in Dharan, Saudi Arabia; Dubai, United Arab Emirates; and Pune, India; as well as approximately 10 leased local office sites throughout the region.

This business segment includes our sale of equipment businesses for which equipment is manufactured in Missouri in the United States; Shanghai, China; and Johor, Malaysia. The Gardner Cryogenic business operates at facilities in Pennsylvania and Kansas in the United States. The Rotoflow business operates manufacturing and service facilities in Texas and Pennsylvania in the United States with management, engineering, and sales support based in the Allentown offices referred to above and a nearby leased office.

Research and development activities are primarily conducted at owned locations in the United States, the United Kingdom, and Saudi Arabia.

Helium is processed at multiple sites in the United States, Algeria, and Qatar, and distributed globally through a network of transfill sites.

Our Corporate and other segment also has management, sales, engineering support, and corporate administrative functions that are based in our administrative offices referred to above.

Item 2 of the 10-K filed Nov 20, 2025.34

The story

20th century

Air Products was founded in Detroit in 1940 by Leonard Parker Pool with the objective of establishing on-site production and sales of various forms of industrial gas.

The following year, in 1941, the U.S. entered World War II, and Air Products began manufacturing mobile generators for the production of oxygen used in high elevation military flights and necessary to meet the needs of the U.S. Air Force and allied air forces.

In 1944, the company relocated its headquarters from Detroit to Chattanooga, Tennessee, where it expanded its oxygen production manufacturing capacity to meet the needs of the U.S. military and its allies in their war against Nazi Germany and the Axis powers.

Following the end of World War II, the company relocated its headquarters and operations to Emmaus, Pennsylvania in the manufacturing-intensive Lehigh Valley region of eastern Pennsylvania. In the late 1950s, it completed the development of its current corporate headquarters in neighboring Trexlertown.

Air Products serves customers in technology, energy, healthcare, food, and industrial markets worldwide with atmospheric industrial gases, including oxygen, nitrogen, argon, hydrogen, and carbon dioxide, process and specialty gases, performance materials, and chemical intermediates.

Air Products produces refinery hydrogen, liquified natural gas technologies and equipment, epoxy additives, gas cabinets, advanced coatings, and adhesives.

21st century

In 2001, Air Products Received an Award of Merit from the WateReuse Association for Outstanding Water Conservation Efforts for conserving 62 million US gallons (230,000 m3) of drinking water annually by converting to recycled water for the cooling process at its Santa Clara, California manufacturing facility. The award was presented during the 25th Annual WateReuse Symposium. WRA recognizes projects that have advanced the acceptance of water reuse through education, sound science, and technology using reclamation, recycling, reuse, or desalination for the benefit of the public and the environment.

Air Products provided the liquid hydrogen and liquid oxygen fuel for the Space Shuttle external tank. Air Products has had a working relationship with NASA for five decades, supplying the liquid hydrogen used for every Space Shuttle launch and the Mercury and Apollo missions.

Read the full text

Air Products is included on the Dow Jones Sustainability North America Index as one of the best performing sustainable companies for the period of 2008 to 2011.

In January 2004, Air Products (NYSE: APD) was named a Maplecroft Climate Innovation Indexes (CIIs) Leader, the 17th largest U.S.-based company that has undergone evaluation of its climate-related innovation and carbon management programs. Air Products is currently working on several preeminent carbon capture and storage demonstration projects around the world.

In 2010, Air Products was awarded the Rushlight Hydrogen and Fuel Cells industry award for the Series 10 hydrogen fuelling station, which celebrates the leading environmental technologies and innovations by organizations throughout the United Kingdom and Ireland by promoting development in hydrogen and fuel cells and enabling further development and funding to be granted toward reducing carbon emissions.

In March 2010, Corporate Responsibility magazine named Air Products to its 100 Best Corporate Citizens List.

In 2013, Air Products' high purity built-in purifier argon was used to determine a more accurate value for the Boltzmann constant.

In September 2015, Air Products announced its intent to spin off its Materials Technologies business. This new stand alone company was named Versum Materials. The spinoff was completed on October 3, 2016. Versum was later acquired by pharmaceutical company Merck.

In January 2017, Air Products completed the sale of its Performance Materials division to Evonik, leaving the company focused on its industrial gases business.

Air Products initially refused to cease operations in Russia in response to the 2022 invasion of Ukraine and the international sanctions subsequently levied against Russia. However, according to Yale School of Management, the company reversed its position and has since divested its interests in Russia.

In 2022, Air Products announced plans for the development of a green hydrogen production plan in the United Kingdom, located in the Humberside region. In June 2025, the company withdrew its involvement and investment following a 'lack of commitment' by the British government.

From Wikipedia’s article on Air Products, shared under CC BY-SA 4.0.9

Leadership

Who has led Air Products & Chemicals, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (58)

Subsidiaries and ownership

Subsidiaries

  • Air Products

Subsidiaries (GLEIF)

Also consolidated

Subsidiaries (Exhibit 21)

  • Air Products China, Inc.10
  • Air Products and Chemicals de Mexico, S.A. de C.V.10
  • Air Products and Chemicals, Inc. of Utah Utah10
  • EPCO Carbondioxide Products, Inc. Illinois10
  • Gardner Cryogenics, Inc. Pennsylvania10
  • Indura Holdings Colombia, LLC10
  • PT Air Products Indonesia10
  • ProCal California10
  • The Former SR Manufacturers Inc. Colorado10

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • AIR PRODUCTS & CHEMICALS INC /DE/Mar 15, 1994 to Apr 7, 20228

Timeline

  1. Jul 30, 20268-K Results of operations109
  2. Jun 30, 20268-K Impairment; Regulation FD disclosure110
  3. Apr 30, 20268-K Results of operations111
  4. Jan 30, 20268-K Results of operations112
  5. Jan 29, 20268-K Shareholder vote113
  6. Nov 25, 20258-K Executive or director change; Other events114
  7. Nov 6, 20258-K Results of operations115
  8. Aug 20, 20258-K Executive or director change116
  9. Jul 31, 20258-K Results of operations117
  10. Jul 8, 20258-K Executive or director change118
  11. Jun 11, 20258-K Other events119
  12. May 1, 20258-K Results of operations120
  13. Feb 10, 2025New chief executive Eduardo F. Menezes becomes CEO35
  14. Jul 2, 2014New chief executive Seifi Ghasemi becomes CEO36
  15. Jul 1, 2014New chief executive Seifollah Ghasemi becomes CEO1
  16. Oct 3, 2007New chief executive John E. McGlade becomes CEO37
  17. Sep 23, 2003New chief executive John P. Jones Iii. becomes CEO38
  18. Jan 2, 1990Went public Listed on NYSE1
  19. 1940Founded Founded in Detroit1

Calendar

Coming up

  1. Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $3.39 a share, on Nov 6, 2025.121

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results109
  2. Apr 30, 2026Reported quarterly or annual results111
  3. Jan 30, 2026Reported quarterly or annual results112
  4. Nov 6, 2025Reported quarterly or annual results115
  5. Jul 31, 2025Reported quarterly or annual results117
  6. May 1, 2025Reported quarterly or annual results120
  7. Feb 6, 2025Reported quarterly or annual results122
  8. Jan 14, 2025Reported quarterly or annual results123

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

558 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 54 major events, 313 insider forms, 20 large holders, 151 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Oct 1, 20264 EDGAR
  3. Oct 1, 20264 EDGAR
  4. Oct 1, 20264 EDGAR
  5. Oct 1, 20264 EDGAR
  6. Oct 1, 20264 EDGAR
  7. Oct 1, 20264 EDGAR
  8. Oct 1, 20264 EDGAR
  9. Sep 11, 20264 EDGAR
  10. Jul 30, 202610-Q EDGAR
  11. Jul 30, 20268-K EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jul 2, 20264 EDGAR
  16. Jul 2, 20264 EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 2, 20264 EDGAR
  20. Jun 30, 20268-K EDGAR

The 558 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

24 open-market trades by officers, directors and large owners since October 2021: 6 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 1, 2026Schaeffer Melissa N.Exec Vice President and CFOSale2,714$303.76$824.4KForm 4
Feb 12, 2026Mantle Ridge LPDirectorSale70,175$284.21$19.9MForm 4
Aug 5, 2025Brifo VictoriaExec VP, Chief HR OfficerSale1,359$292.38$397.3KForm 4
Apr 3, 2025Evans Andrew WDirectorSale5$283.20$1.4KForm 4
Apr 2, 2025Evans Andrew WDirectorBuy5$294.96$1.5KForm 4
Mar 5, 2025Nelson Walter L.Sr. VP, Glob Helium & Rare GasSale589$308.50$181.7KForm 4
Feb 20, 2025Lefevere KurtPresident, AsiaSale1,500$316.17$474.3KForm 4
Feb 18, 2025Mok WilburPresident, Equip. BusinessesSale1,300$315.88$410.6KForm 4
Feb 18, 2025Brifo VictoriaExec VP, Chief HR OfficerSale2,362$315.82$746.0KForm 4
Feb 18, 2025Bols IvoPresident, Europe & AfricaSale18,000$313.82$5.6MForm 4
Feb 13, 2025Galovich BrianExec VP, CIOSale2,089$315.79$659.7KForm 4
Feb 11, 2025Hababou AhmedPresident, Middle East & IndiaSale1,608$307.97$495.2KForm 4
Feb 10, 2025Maione FrancescoPresident, AmericasSale2,016$306.00$616.9KForm 4
Feb 10, 2025Schaeffer Melissa N.Exec Vice President and CFOSale3,233$307.32$993.6KForm 4
Feb 7, 2025Major Sean DExecutive VP & General CounselSale4,500$315.46$1.4MForm 4
Dec 5, 2023Kutz JeffreyVP, Controller & PAOSale107$264.74$28.3KForm 4
Nov 13, 2023Ghasemi SeifiChairman, Pres. and CEOBuy11,000$264.42$2.9MForm 4
Nov 8, 2023Ghasemi SeifiChairman, Pres. and CEOBuy10,000$252.34$2.5MForm 4
Dec 20, 2022Major Sean DExecutive VP & General CounselSale485$313.00$151.8KForm 4
Dec 3, 2021Major Sean DExecutive VP & General CounselSale6,000$288.96$1.7MForm 4

All 24 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Seifi GhasemiFormer Chairman, President and Chief Executive Officer$488.1K$23.4M130
2025Eduardo MenezesChief Executive Officer$810.8K$11.8M130
2025Francesco MaionePresident, Americas and Global Helium & Rare Gases$558.7K$6.4M130
2025Sean D. MajorFormer Executive Vice President, General Counsel and Secretary$540.4K$4.7M130
2025Melissa N. SchaefferExecutive Vice President and Chief Financial Officer$782.7K$4.7M130
2025Victoria BrifoExecutive Vice President and Chief Human Resources Officer, Corporate Communications and Corporate Relations$586.3K$2.4M130
2025Brian GalovichExecutive Vice President and Chief Information Officer$649.8K$2.3M130
2024Seifi GhasemiFormer Chairman, President and Chief Executive Officer$1.4M$15.9M130
2024Melissa N. SchaefferExecutive Vice President and Chief Financial Officer$707.7K$3.7M130
2024Sean D. MajorFormer Executive Vice President, General Counsel and Secretary$650.0K$3.3M130
2023Seifi GhasemiFormer Chairman, President and Chief Executive Officer$1.4M$22.1M130
2023Melissa N. SchaefferExecutive Vice President and Chief Financial Officer$626.9K$4.5M130
2023Sean D. MajorFormer Executive Vice President, General Counsel and Secretary$626.9K$3.9M130

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.18,316,711$5.4B0.1%+262,275
Vanguard Capital Management LLC14,540,399$4.3B0.1%+73,083
State Farm Mutual Automobile Insurance Co11,840,799$3.5B2.4%No change
Capital Research Global Investors10,602,157$3.1B0.4%+191,647
State Street Corp10,270,853$3.0B0.1%+160,358
Capital International Investors9,567,173$2.8B0.6%−368,505
Dodge & Cox9,393,493$2.8B1.4%+161,918
Vanguard Portfolio Management LLC8,848,570$2.6B0.1%+3,137,491
Geode Capital Management, LLC5,020,340$1.5B0.1%+28,617
Jpmorgan Chase & Co5,253,985$1.4B0.1%−795,275
Viking Global Investors LP4,740,351$1.4B4.0%+636,256
Norges Bank4,672,467$1.4B0.1%New
Bank Of America Corp /de/4,150,953$1.2B0.1%−292,578
Franklin Resources Inc3,436,461$1.0B0.2%−50,490
Morgan Stanley3,164,691$927.8M0.0%−4,486
Raymond James Financial Inc3,161,189$926.8M0.3%−29,551
Northern Trust Corp3,003,864$880.7M0.1%−62,160
Royal Bank Of Canada2,641,523$774.4M0.1%+120,054
Clearbridge Investments, LLC2,537,859$744.0M0.6%−73,842
Aristotle Capital Management, LLC2,513,746$737.0M1.5%−170,137
Massachusetts Financial Services Co /ma/445,145$688.0M0.2%−138,609
Barrow Hanley Mewhinney & Strauss LLC2,044,182$599.3M1.8%−148,109
UBS Group AG1,866,911$547.3M0.1%−181,786
Bank of New York Mellon Corp1,689,067$495.2M0.1%−23,770
Dimensional Fund Advisors LP1,647,903$482.7M0.1%+37,967

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

47 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 30, 2026Richard McCormickRepublican, HouseSale$1,001 - $15,000+4.3%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−19.2%Report
Mar 5, 2026Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−4.9%Report
Dec 18, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000−8.8%Report
Dec 8, 2025Josh GottheimerDemocratic, HousePartial sale$15,001 - $50,000−14.0%Report
Nov 13, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000+0.9%Report
Nov 5, 2025Richard McCormickRepublican, HouseBuy$1,001 - $15,000+12.2%Report
Sep 25, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+4.6%Report
Aug 14, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000+17.1%Report
Aug 4, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−18.1%Report
May 15, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000−21.5%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+29.8%Report
Mar 31, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+36.4%Report
Mar 18, 2025Sheri BiggsRepublican, HouseSale$15,001 - $50,000+34.9%Report
Mar 7, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+39.3%Report
Feb 24, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−32.4%Report
Sep 4, 2024John JamesRepublican, HouseSale$1,001 - $15,000+31.0%Report
Aug 30, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+29.5%Report
Aug 7, 2024Scott FranklinRepublican, HouseBuy$1,001 - $15,000−40.8%Report
Aug 7, 2024Scott FranklinRepublican, HouseBuy$50,001 - $100,000−40.8%Report
Aug 2, 2024Scott FranklinRepublican, HouseBuy$1,001 - $15,000−38.5%Report
Jul 2, 2024Kathy Manning, HousePartial sale$1,001 - $15,000+21.2%Report
Jul 2, 2024Kathy Manning, HousePartial sale$1,001 - $15,000+21.2%Report
Jun 27, 2024Shelley Moore CapitoRepublican, SenateSale$1,001 - $15,000+27.4%Report
Jun 21, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+32.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Air Products & Chemicals is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAir Products & Chemicals, Inc.2
  • CIK0000002969
  • Employer ID (EIN)23-127445534
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company34
  • Incorporated inDelaware34
  • Fiscal year endsSeptember 302
  • Industry code (SIC)2810 Industrial Inorganic Chemicals2
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance2
  • Business address1940 Air Products Blvd., Allentown, PA 18106-55002
  • Phone61048149112
  • Shares outstanding222,685,530 as of Jun 30, 202632
  • Public float$65.6B as of Mar 31, 202534
  • AuditorDeloitte & Touche LLP, Philadelphia, Pennsylvania PCAOB ID 34; it also attests to the company’s internal control over financial reporting34
  • On EDGAR sinceJan 7, 19942
  • Filings3,005 in all: 4 (1,714), 8-K (381), DFAN14A (110), 10-Q (99), SC 13G/A (61), 3 (56), SC TO-T/A (56), 424B3 (50)2
    All 55 form types

    DEFA14A (50), S-8 (46), SC 13G (36), UPLOAD (34), DEF 14A (31), CORRESP (27), 10-K (25), 11-K (20), FWP (19), 144 (17), 424B2 (14), 424B5 (14), ARS (14), SD (13), SC TO-C (11), 8-A12B (9), 8-K/A (7), 10-K405 (6), 4/A (6), S-3ASR (6), SC 13D/A (6), SCHEDULE 13G/A (6), 25-NSE (5), S-3 (5), 5 (4), CERT (4), CERTNYS (4), S-3/A (4), 3/A (3), DEFC14A (3), PREC14A (3), PRRN14A (3), SE (3), 10-K/A (2), 10-Q/A (2), 424B1 (2), PRE 14A (2), SC 13D (2), SCHEDULE 13G (2), 11-KT (1), 8-A12B/A (1), DEFR14A (1), DEL AM (1), NO ACT (1), POS AM (1), PRER14A (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Nov 20, 2025
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Dec 11, 2025
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $1.00 per shareAPDNew York Stock Exchange
0.500% Euro Notes due 2028APD28New York Stock Exchange
2.950% Euro Notes due 2031APD31New York Stock Exchange
0.800% Euro Notes due 2032APD32New York Stock Exchange
3.250% Euro Notes due 2032APD32BNew York Stock Exchange
4.000% Euro Notes due 2035APD35New York Stock Exchange
3.450% Euro Notes due 2037APD37New York Stock Exchange

From the cover page of the 10-K filed Nov 20, 2025 (Section 12(b) of the Exchange Act).34

Risk factors and legal proceedings

The risks Air Products & Chemicals names in Item 1A of its 10-K filed Nov 20, 2025: 4 risks under these headings, as written.34

  • Risks Related to Economic Conditions
  • Risks Related to Our Business
  • Legal and Regulatory Risks
  • General Risk Factors

Legal proceedings

In the normal course of business, we and our subsidiaries are involved in various legal proceedings, including commercial, competition, environmental, intellectual property, regulatory, product liability, and insurance matters. Although litigation with respect to these matters is routine and incidental to the conduct of our business, such litigation could result in large monetary awards, especially if compensatory and/or punitive damages are awarded. However, we believe that litigation currently pending to which we are a party will be resolved without any material adverse effect on our financial position, earnings, or cash flows.

From time to time, we are also involved in proceedings, investigations, and audits involving governmental authorities in connection with environmental, health, safety, competition, and tax matters.

We are a party to proceedings under CERCLA, RCRA, and similar state and foreign environmental laws relating to the designation of certain sites for investigation or remediation. Presently there are 26 sites on which a final settlement or remediation has not been achieved where we, usually along with others, have been designated as a potentially responsible party by environmental authorities or are otherwise engaged in investigation or remediation, including cleanup activity at certain of our former and current manufacturing sites. We do not expect that any sums we may have to pay in connection with these environmental matters would have a material adverse impact on our consolidated financial position. Additional information on our environmental exposure is included under Item 1, Business–Environmental Regulation, and Note 19, Commitments and Contingencies, to the consolidated financial statements.

The opening of Item 3, Legal Proceedings.34

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