Air Products and Chemicals (APD) Revenue — Quarter Ended Sep 30, 2025
Revenue increased compared to the prior quarter, but declined versus the same period a year ago. The sequential growth continued the upward trajectory from the previous quarter, while the year-over-year decrease marked a reversal from the prior year's level.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q4
Revenue increased compared to the prior quarter, but declined versus the same period a year ago. The sequential growth continued the upward trajectory from the previous quarter, while the year-over-year decrease marked a reversal from the prior year's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
+4.8%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$12B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $2.9B | -2.2% |
| Mar 31, 2025 | $2.9B | -0.5% |
| Jun 30, 2025 | $3B | +1.2% |
| Sep 30, 2025 | $3.2B | -0.6% |
Revenue performance
The company reported higher revenue than in the immediately preceding quarter, reflecting a sequential improvement. However, revenue was lower than in the same quarter one year earlier, indicating a year-over-year contraction.
Quarterly comparison
Compared to the prior quarter, revenue rose, continuing the upward trend seen in the preceding period. Relative to the same quarter last year, revenue fell, marking a decline from the prior year's figure.
What to watch
Monitor whether the year-over-year decline reverses or accelerates in the coming quarters.