Air Products and Chemicals, Inc.: EPS $3.61 vs $3.61 expected; revenue $3.56B vs $3.33B
Key Facts
Q4 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 3.61 | 3.61 | — | 3.39 |
| Revenue (USD bn) | 3.56 | 3.33 | +6.6% | 3.17 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 5, 2026 | Q4 FY2026 | 3.61 | 3.61 | — | 3.56 | 3.33 | +6.6% |
| Jul 30, 2026 | Q3 FY2026 | 3.47 | 3.34 | +3.9% | 3.16 | 3.20 | −1.3% |
| Apr 30, 2026 | Q2 FY2026 | 3.20 | 3.06 | +4.6% | 3.17 | 3.07 | +3.3% |
| Jan 30, 2026 | Q1 FY2026 | 3.16 | 3.04 | +3.9% | 3.10 | 3.05 | +1.7% |
| Nov 6, 2025 | Q4 FY2025 | 3.39 | 3.38 | +0.3% | 3.17 | 3.18 | −0.3% |
| Jul 31, 2025 | Q3 FY2025 | 3.09 | 2.99 | +3.3% | 3.02 | 2.99 | +1.1% |
| May 1, 2025 | Q2 FY2025 | 2.69 | 2.83 | −4.9% | 2.92 | 2.92 | −0.1% |
| Feb 6, 2025 | Q1 FY2025 | 2.86 | 3.13 | −8.6% | 2.93 | 2.95 | −0.7% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Air Products and Chemicals, Inc. results: EPS $3.61 vs $3.61 expected; revenue $3.56B vs $3.33B. The results cover the company's Q4 FY2026. EPS came in in line with analysts' estimate; revenue above the estimate by 6.6%.
Revenue was up 12.3% from $3.17 billion a year earlier (Q4 FY2025). EPS was up 6.5% from $3.39 a year earlier. On its record, EPS topped analysts' estimates in 5 of 7 earlier comparable reports.
What the results mean
Air Products and Chemicals supplies industrial gases, equipment, and related services. Applications across refining, chemicals, metals, electronics, and food make industrial demand an important business driver, with customer needs varying by activity.
The company's activities extend from supplying oxygen, nitrogen, and hydrogen to designing and manufacturing systems for gas production, separation, purification, storage, and transportation. Understanding the business therefore requires examining both customer demand for gases and their needs for related equipment and engineering services.
What to watch on the earnings call: Demand for gases across the industries and markets the company serves, the business mix across gas supply, equipment, and services, management's comments on margins and spending, and the role of hydrogen systems, air separation, and natural gas liquefaction in the business.
For the full analysis of Air Products and Chemicals, Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.