Linde plcLINEarnings & Financial Report
Linde is a global multinational chemical company and the world's largest industrial gas supplier by market share and revenue. Founded by German scientist and engineer Carl von Linde in 1879 in Wiesbaden, Germany, the company is now headquartered in Woking, United Kingdom, and registered in Ireland as Linde plc. Linde plc was formed in 2018 through the merger of Linde AG and Praxair, which was founded in 1907 in the United States as Linde Air Products Company.
Revenue
$8.6B
Gross Profit
N/A
Operating Profit
$2.4B
Net Profit
$1.9B
Gross Margin
N/A
Operating Margin
27.5%
Net Margin
22.4%
YoY Growth
3.1%
EPS
$4.09
Linde plc Q3 FY2025 Financial Summary
Linde plc reported revenue of $8.6B (up 3.1% YoY) for Q3 FY2025, with a net profit of $1.9B (up 24.5% YoY) (22.4% margin).
Key Financial Metrics
| Total Revenue | $8.6B |
|---|---|
| Net Profit | $1.9B |
| Gross Margin | N/A |
| Operating Margin | 27.5% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Linde plc Q3 FY2025 revenue of $8.6B breaks down across 5 segments, led by Other at $4.8B (55.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $4.8B | 55.4% |
| Packaged Gas | $1.6B | 19.0% |
| Merchant | $1.2B | 14.4% |
| On Site | $893.0M | 10.4% |
| Other Distribution Methods | $70.0M | 0.8% |
Linde plc Revenue by Segment — Quarterly Trend
Linde plc revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Packaged Gas) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | $4.9B | $4.8B | $4.7B |
| Packaged Gas | — | $1.6B | $1.6B | $1.6B |
| Merchant | — | $1.2B | $1.2B | $1.3B |
| On Site | — | $950.0M | $893.0M | $878.0M |
| Other Distribution Methods | — | $64.0M | $70.0M | $57.0M |
Linde plc Annual Revenue by Year
Linde plc annual revenue history includes year-by-year totals (for example, 2025 revenue was $34.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $34.0B |
| 2024 | $33.0B |
| 2023 | $32.9B |
| 2022 | $33.4B |
Linde plc Quarterly Revenue & Net Profit History
Linde plc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $8.8B | +8.2% | N/A | N/A |
| Q4 FY2025 | $8.8B | +5.8% | $1.5B | 17.5% |
| Q3 FY2025 | $8.6B | +3.1% | $1.9B | 22.4% |
| Q2 FY2025 | $8.5B | +2.8% | $1.8B | 20.8% |
| Q1 FY2025 | $8.1B | +0.1% | $1.7B | 20.6% |
| Q4 FY2024 | $8.3B | -0.2% | $1.7B | 20.8% |
| Q3 FY2024 | $8.4B | +2.5% | $1.6B | 18.5% |
| Q2 FY2024 | $8.3B | +0.8% | $1.7B | 20.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.27B | $8.36B | $8.28B | $8.11B | $8.49B | $8.62B | $8.76B | $8.78B |
| YoY Growth | 0.8% | 2.5% | -0.2% | 0.1% | 2.8% | 3.1% | 5.8% | 8.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $80.22B | $82.55B | $80.15B | $82.70B | $86.08B | $85.99B | $86.82B | $86.31B |
| Liabilities | $40.66B | $41.94B | $40.66B | $43.24B | $46.09B | $45.91B | $47.08B | $46.22B |
| Equity | $38.18B | $39.17B | $38.09B | $38.03B | $38.52B | $38.62B | $38.24B | $40.08B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.93B | $2.73B | $2.81B | $2.16B | $2.21B | $2.95B | $3.03B |