Air Products and Chemicals Tops Fiscal Q4 2026 Estimates as Revenue Rises 12% to $3.56B

Air Products and Chemicals (APD) topped estimates for the fiscal fourth quarter of 2026. Revenue was $3.56 billion, up 12% from a year earlier, above the $3.33 billion estimate, and adjusted EPS was $3.61, up 6.5% from a year earlier, in line with the $3.61 estimate.

Fiscal Q4 2026 scorecard

By our calculation, revenue was $221.3 million above the estimate. The QoQ column compares with the previous quarter's revenue of $3.16 billion and adjusted EPS of $3.47. The YoY column compares with $3.17 billion and $3.39 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 5 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 4 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $3.17 billion, $3.10 billion, $3.17 billion, $3.16 billion and $3.56 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $3.47 and revenue of $3.32 billion next quarter, based on 7 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 12% increase to $3.56 billion.
• Estimate record. Whether Air Products and Chemicals extends a record of beating EPS estimates in 5 of its last 8 reports.
• Related coverage. See our reports on Dorian LPG, Oscar Health, Perimeter Solutions and Arhaus.

Sources: Results are from Air Products and Chemicals's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Air Products and Chemicals's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.