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Linde plc (LIN) Q2 FY2026 Financial Statements: Revenue $9.29B, Net income $1.93B

CIK 0001707925 · Nasdaq · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0001628280-26-051289) · Annual report: FY2025 10-K (filed 2026-02-25, accession 0001628280-26-011430) · Next expected filing: 10-Q ~2026-10-29

More for Linde: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Linde plc reported $9.29 billion in sales for Q2 FY2026, the quarter ended June 30, 2026, up 9.3% from a year earlier, with net income of $1.93 billion and diluted earnings per share of $4.15. Growth was broad rather than price-driven, coming from higher volumes in electronics and manufacturing, higher pricing, favorable currency translation and acquisitions, with sales higher in all four of the industrial gas company's reportable segments. Operating profit of $2.55 billion was up 8.5%, a little slower than sales, while per-share earnings rose faster than net income because share repurchases left fewer shares outstanding.

MetricAmountvs. year ago
Revenue$9,289,000,000up 9.3%
Net income$1,928,000,000up 9.2%
Diluted EPS$4.15up 11.3%
Operating profit$2,554,000,000up 8.5%

About this file

TickerLIN
CIK0001707925
CompanyLinde plc
Business typeindustrial
Schema templatestandard industrial (sales, operating profit, net income, EPS; balance sheet; cash flow with capex and free cash flow), plus the company's four reportable segments
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions); share counts in actual shares; per-share amounts in dollars

LIN annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession0001628280-26-0114300001628280-26-0114300001628280-26-011430
Income statement
Sales33,986,000,00033,005,000,00032,854,000,000
Cost of sales excluding depreciation and amortization17,389,000,00017,143,000,00017,492,000,000
Selling general and administrative3,433,000,0003,337,000,0003,295,000,000
Depreciation and amortization3,763,000,0003,780,000,0003,816,000,000
Research and development147,000,000150,000,000146,000,000
Cost reduction program and other charges273,000,000145,000,00040,000,000
Other income expense net-58,000,000185,000,000-41,000,000
Operating profit8,923,000,0008,635,000,0008,024,000,000
Interest expense net255,000,000256,000,000200,000,000
Net pension and opeb benefit excluding service cost-229,000,000-190,000,000-164,000,000
Income before income taxes and equity investments8,897,000,0008,569,000,0007,988,000,000
Income taxes1,989,000,0002,002,000,0001,814,000,000
Income before equity investments6,908,000,0006,567,000,0006,174,000,000
Income from equity investments150,000,000170,000,000167,000,000
Net income including noncontrolling interests7,058,000,0006,737,000,0006,341,000,000
Net income attributable to noncontrolling interests-160,000,000-172,000,000-142,000,000
Net income6,898,000,0006,565,000,0006,199,000,000
Basic EPS14.6913.7112.7
Diluted EPS14.6113.6212.59
Basic shares469,488,000478,773,000488,191,000
Diluted shares472,195,000482,092,000492,290,000
Balance sheet
Cash and cash equivalents5,056,000,0004,850,000,000
Accounts receivable net4,966,000,0004,622,000,000
Contract assets269,000,000263,000,000
Inventories2,055,000,0001,946,000,000
Prepaid and other current assets979,000,0001,264,000,000
Total current assets13,325,000,00012,945,000,000
Property plant and equipment net28,260,000,00024,775,000,000
Equity investments2,015,000,0002,130,000,000
Goodwill27,927,000,00025,937,000,000
Other intangible assets net11,871,000,00011,330,000,000
Other long term assets3,419,000,0003,030,000,000
Total assets86,817,000,00080,147,000,000
Accounts payable2,810,000,0002,507,000,000
Short term debt4,510,000,0004,223,000,000
Current portion of long term debt1,796,000,0002,057,000,000
Contract liabilities1,231,000,0001,194,000,000
Accrued taxes680,000,000637,000,000
Other current liabilities4,171,000,0003,926,000,000
Total current liabilities15,198,000,00014,544,000,000
Long term debt20,683,000,00015,343,000,000
Other long term liabilities4,355,000,0004,015,000,000
Deferred credits6,840,000,0006,757,000,000
Total liabilities47,076,000,00040,659,000,000
Redeemable noncontrolling interests13,000,00013,000,000
Total linde plc shareholders equity38,245,000,00038,092,000,000
Noncontrolling interests1,483,000,0001,383,000,000
Total equity39,728,000,00039,475,000,000
Total debt26,989,000,00021,623,000,000
Cash flow
Operating cash flow10,350,000,0009,423,000,0009,305,000,000
Capital expenditures-5,261,000,000-4,497,000,000-3,787,000,000
Acquisitions net of cash acquired-412,000,000-317,000,000-953,000,000
Long term debt borrowings5,148,000,0004,844,000,0002,188,000,000
Long term debt repayments-2,278,000,000-1,305,000,000-1,682,000,000
Purchases of ordinary shares-4,601,000,000-4,482,000,000-3,958,000,000
Dividends paid to linde plc shareholders-2,811,000,000-2,655,000,000-2,482,000,000
Free cash flow5,089,000,0004,926,000,0005,518,000,000
Segments
Sales
Americas15,208,000,00014,442,000,00014,304,000,000
Emea8,549,000,0008,352,000,0008,542,000,000
Apac6,661,000,0006,632,000,0006,559,000,000
Engineering2,250,000,0002,322,000,0002,160,000,000
Other1,318,000,0001,257,000,0001,289,000,000
Total33,986,000,00033,005,000,00032,854,000,000
Segment operating profit
Americas4,747,000,0004,550,000,0004,244,000,000
Emea3,055,000,0002,780,000,0002,486,000,000
Apac1,933,000,0001,918,000,0001,806,000,000
Engineering408,000,000410,000,000491,000,000
Other-6,000,00062,000,00043,000,000
Total10,137,000,0009,720,000,0009,070,000,000

LIN quarterly income statement, balance sheet and cash flow

Q2 2026Q2 2025
Fiscal year20262025
Fiscal quarter22
LabelQ2 2026Q2 2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession0001628280-26-0512890001628280-26-051289
Income statement
Sales9,289,000,0008,495,000,000
Cost of sales excluding depreciation and amortization4,861,000,0004,306,000,000
Selling general and administrative891,000,000870,000,000
Depreciation and amortization963,000,000942,000,000
Research and development37,000,00038,000,000
Cost reduction program and other charges00
Other income expense net17,000,00015,000,000
Operating profit2,554,000,0002,354,000,000
Interest expense net61,000,00067,000,000
Net pension and opeb benefit excluding service cost-53,000,000-59,000,000
Income before income taxes and equity investments2,546,000,0002,346,000,000
Income taxes610,000,000573,000,000
Income before equity investments1,936,000,0001,773,000,000
Income from equity investments36,000,00033,000,000
Net income including noncontrolling interests1,972,000,0001,806,000,000
Net income attributable to noncontrolling interests-44,000,000-40,000,000
Net income1,928,000,0001,766,000,000
Basic EPS4.173.75
Diluted EPS4.153.73
Basic shares462,525,000470,865,000
Diluted shares464,523,000473,573,000
Balance sheet
Cash and cash equivalents4,898,000,000
Accounts receivable net5,632,000,000
Contract assets432,000,000
Inventories2,122,000,000
Prepaid and other current assets1,092,000,000
Total current assets14,176,000,000
Property plant and equipment net29,170,000,000
Goodwill27,927,000,000
Other intangible assets net11,564,000,000
Other long term assets5,512,000,000
Total assets88,349,000,000
Accounts payable2,837,000,000
Short term debt4,861,000,000
Current portion of long term debt2,474,000,000
Contract liabilities1,128,000,000
Other current liabilities4,827,000,000
Total current liabilities16,127,000,000
Long term debt20,678,000,000
Other long term liabilities10,914,000,000
Total liabilities47,719,000,000
Redeemable noncontrolling interests13,000,000
Total linde plc shareholders equity39,081,000,000
Noncontrolling interests1,536,000,000
Total equity40,617,000,000
Total debt28,013,000,000
Segments
Sales
Americas4,083,000,0003,812,000,000
Emea2,303,000,0002,162,000,000
Apac1,870,000,0001,655,000,000
Engineering625,000,000551,000,000
Other408,000,000315,000,000
Total9,289,000,0008,495,000,000
Segment operating profit
Americas1,272,000,0001,209,000,000
Emea823,000,000780,000,000
Apac531,000,000490,000,000
Engineering100,000,00090,000,000
Other18,000,000-13,000,000
Total2,744,000,0002,556,000,000

LIN year-to-date income statement and cash flow

Six months ended June 30, 2026
LabelSix months ended June 30, 2026
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession0001628280-26-051289
Income statement
Sales18,070,000,000
Cost of sales excluding depreciation and amortization9,384,000,000
Selling general and administrative1,784,000,000
Depreciation and amortization1,914,000,000
Research and development75,000,000
Cost reduction program and other charges0
Other income expense net80,000,000
Operating profit4,993,000,000
Interest expense net123,000,000
Net pension and opeb benefit excluding service cost-107,000,000
Income before income taxes and equity investments4,977,000,000
Income taxes1,181,000,000
Income before equity investments3,796,000,000
Income from equity investments76,000,000
Net income including noncontrolling interests3,872,000,000
Net income attributable to noncontrolling interests-87,000,000
Net income3,785,000,000
Basic EPS8.17
Diluted EPS8.13
Basic shares463,284,000
Diluted shares465,299,000
Cash flow
Operating cash flow4,511,000,000
Capital expenditures-2,780,000,000
Acquisitions net of cash acquired-385,000,000
Long term debt borrowings2,016,000,000
Long term debt repayments-759,000,000
Purchases of ordinary shares-1,678,000,000
Dividends paid to linde plc shareholders-1,479,000,000
Free cash flow1,731,000,000
Segments
Sales
Americas8,108,000,000
Emea4,474,000,000
Apac3,571,000,000
Engineering1,142,000,000
Other775,000,000
Total18,070,000,000
Segment operating profit
Americas2,544,000,000
Emea1,607,000,000
Apac1,008,000,000
Engineering201,000,000
Other14,000,000
Total5,374,000,000

LIN trailing twelve month income statement and cash flow

Trailing twelve months ended June 30, 2026
LabelTrailing twelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetrailing twelve months
Source accession0001628280-26-011430; 0001628280-26-051289
Derivationfiscal year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025
Income statement
Sales35,449,000,000
Cost of sales excluding depreciation and amortization18,310,000,000
Selling general and administrative3,561,000,000
Depreciation and amortization3,825,000,000
Research and development146,000,000
Cost reduction program and other charges218,000,000
Other income expense net-11,000,000
Operating profit9,378,000,000
Interest expense net251,000,000
Net pension and opeb benefit excluding service cost-221,000,000
Income before income taxes and equity investments9,348,000,000
Income taxes2,086,000,000
Income before equity investments7,262,000,000
Income from equity investments155,000,000
Net income including noncontrolling interests7,417,000,000
Net income attributable to noncontrolling interests-173,000,000
Net income7,244,000,000
Basic shares460,915,000
Diluted shares462,803,000
Basic EPS15.72
Diluted EPS15.65
Cash flow
Operating cash flow10,489,000,000
Capital expenditures-5,514,000,000
Acquisitions net of cash acquired-527,000,000
Long term debt borrowings4,105,000,000
Long term debt repayments-1,392,000,000
Purchases of ordinary shares-4,057,000,000
Dividends paid to linde plc shareholders-2,878,000,000
Free cash flow4,975,000,000
Segments
Sales
Americas15,838,000,000
Emea8,830,000,000
Apac7,038,000,000
Engineering2,276,000,000
Other1,467,000,000
Total35,449,000,000
Segment operating profit
Americas4,945,000,000
Emea3,160,000,000
Apac2,000,000,000
Engineering405,000,000
Other7,000,000
Total10,517,000,000

Adjustments

Value
Splits appliednone
ADR ration/a
FXnone applied

Notes

  • Fiscal 2025, 2024 and 2023 come from the consolidated statements of income and cash flows in Linde plc's fiscal 2025 Form 10-K (accession 0001628280-26-011430); the December 31, 2025 and December 31, 2024 balance sheets come from the same filing. The quarter and six months ended June 30, 2026 and 2025, and the June 30, 2026 balance sheet, come from the Form 10-Q for the quarter ended June 30, 2026 (accession 0001628280-26-051289).
  • These two filings are the whole of this record. The 10-K prints balance sheets for December 31, 2025 and 2024 only, so fiscal 2023 is reported with an income statement and a cash flow statement and no balance sheet. The 10-Q prints a balance sheet at June 30, 2026 with December 31, 2025 as its comparative, so the year-ago quarter (Q2 2025) carries an income statement and segment detail but no balance sheet.
  • The 10-Q's condensed balance sheet groups three lines that the 10-K's balance sheet shows separately: equity investments inside other long-term assets, accrued taxes inside other current liabilities, and deferred credits inside other long-term liabilities. At December 31, 2025 those groupings tie to the annual balance sheet exactly ($3,419 million + $2,015 million = $5,434 million; $4,171 million + $680 million = $4,851 million; $4,355 million + $6,840 million = $11,195 million), so the two filings agree. The June 30, 2026 balance sheet here follows the 10-Q's grouping; the annual balance sheets follow the 10-K's more detailed one.
  • Total debt is not a line Linde prints. It is stated here as short-term debt plus the current portion of long-term debt plus long-term debt: $26,989 million at December 31, 2025, $21,623 million at December 31, 2024 and $28,013 million at June 30, 2026.
  • Free cash flow is not a line Linde prints. It is stated here as net cash provided by operating activities less capital expenditures.
  • Cash outflows are carried with the sign the statements print, so capital expenditures, acquisitions, share repurchases, dividends paid and debt repayments are negative numbers.
  • The 10-Q presents its cash flow statement for the six months only, so no three-month cash flow figures are reported for either quarter. The six-month cash flows appear in the year-to-date blocks.
  • The trailing-twelve-month block is derived, not filed: fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. It is built from columns printed in the two filings above and Linde publishes no such column itself.
  • Segment figures use Linde's own segment measures. Segment sales are external sales only (intersegment sales from Engineering to the industrial gases segments were $2,702 million in 2025), and segment operating profit is defined by the company as operating profit excluding purchase accounting impacts of the Linde AG merger, cost reduction and other charges, and items not indicative of ongoing business trends. Total segment operating profit is therefore larger than consolidated operating profit - $10,137 million against $8,923 million in fiscal 2025, a difference of $1,214 million that is the $941 million of Linde AG purchase accounting impacts plus $273 million of cost reduction program and other charges.
  • No gross profit line is shown. Linde presents cost of sales exclusive of depreciation and amortization, so a gross profit subtotal would not be comparable to one struck after depreciation, and the company does not report one.
  • Linde plc is incorporated in Ireland but reports in US dollars, so no currency conversion was applied. The company has no stock splits on record for the periods shown, and its ordinary shares are listed directly rather than as depositary receipts, so no per-share adjustment was made.

Uncertainties

  • Trailing-twelve-month earnings per share is derived rather than reported. It is trailing-twelve-month net income divided by a weighted average share count built the same way (fiscal 2025 plus the first half of 2026 less the first half of 2025), giving $15.65 diluted. Adding the four published quarterly per-share amounts instead gives about $15.50; the gap is the effect of a falling share count on a weighted average and neither figure is one Linde publishes.
  • No cash flow figures are given for the three months ended June 30, 2026 or June 30, 2025. The 10-Q reports cash flows for the six-month period only and the first-quarter figures needed to difference them out are not on the face of either filing used here.
  • No balance sheet is reported for the quarter ended June 30, 2025 or for fiscal 2023, because neither filing prints one for those dates.
  • Cost reduction program and other charges is recorded as zero for the second quarters of 2026 and 2025 because the 10-Q prints a dash in both of those columns; the charge in the first half of 2025 ($55 million) fell in the first quarter.

Prior year to date

Six months ended June 30, 2025
LabelSix months ended June 30, 2025
Period start2025-01-01
Period end2025-06-30
Period typesix months
Source accession0001628280-26-051289
Income statement
Sales16,607,000,000
Cost of sales excluding depreciation and amortization8,463,000,000
Selling general and administrative1,656,000,000
Depreciation and amortization1,852,000,000
Research and development76,000,000
Cost reduction program and other charges55,000,000
Other income expense net33,000,000
Operating profit4,538,000,000
Interest expense net127,000,000
Net pension and opeb benefit excluding service cost-115,000,000
Income before income taxes and equity investments4,526,000,000
Income taxes1,084,000,000
Income before equity investments3,442,000,000
Income from equity investments71,000,000
Net income including noncontrolling interests3,513,000,000
Net income attributable to noncontrolling interests-74,000,000
Net income3,439,000,000
Basic EPS7.29
Diluted EPS7.24
Basic shares471,857,000
Diluted shares474,691,000
Cash flow
Operating cash flow4,372,000,000
Capital expenditures-2,527,000,000
Acquisitions net of cash acquired-270,000,000
Long term debt borrowings3,059,000,000
Long term debt repayments-1,645,000,000
Purchases of ordinary shares-2,222,000,000
Dividends paid to linde plc shareholders-1,412,000,000
Free cash flow1,845,000,000
Segments
Sales
Americas7,478,000,000
Emea4,193,000,000
Apac3,194,000,000
Engineering1,116,000,000
Other626,000,000
Total16,607,000,000
Segment operating profit
Americas2,346,000,000
Emea1,502,000,000
Apac941,000,000
Engineering204,000,000
Other1,000,000
Total4,994,000,000

Company details

Value
NameLinde Plc
TickerLIN
CIK0001707925
ExchangeNasdaq
StateUnited Kingdom
IncorporationIreland
SIC2810
OfficeIndustrial Applications and Services
IndustryIndustrial Inorganic Chemicals

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession0001628280-26-051289
Fiscal year end1231
Sourcefacts

FAQ · Linde financial statements

How much revenue did Linde report in Q2 FY2026?

Linde plc reported $9.29 billion in sales for Q2 FY2026, the quarter ended June 30, 2026. That is up 9.3% from $8.49 billion in the same quarter a year earlier.

What was Linde's earnings per share in Q2 FY2026?

Linde plc reported diluted earnings per share of $4.15 for Q2 FY2026, up 11.3% from $3.73 in the same quarter a year earlier. Per-share earnings grew faster than net income because share repurchases reduced the average share count.

How much did Linde earn in Q2 FY2026?

Net income attributable to Linde plc was $1.93 billion for Q2 FY2026, the quarter ended June 30, 2026, up 9.2% from $1.77 billion a year earlier.

What was Linde's operating profit in Q2 FY2026?

Linde plc reported operating profit of $2.55 billion for Q2 FY2026, up 8.5% from $2.35 billion a year earlier. Operating profit grew a little more slowly than sales, so it was a marginally smaller share of revenue than in the same quarter last year.

Where can I get Linde plc (LIN) financial data in machine-readable form?

Ticker Scout publishes Linde plc's financial statements as JSON at https://tickerscout.ai/lin/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/lin/narrative.md and https://tickerscout.ai/lin/events.md. Linde plc's SEC CIK is 0001707925. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Linde plc (LIN) next file with the SEC?

Linde plc (LIN) is expected to file its next Form 10-Q with the SEC on or around October 29, 2026. That date is a projection rather than a company-announced date: it is derived from Linde plc's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001628280-26-051289.

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How this page was built

This page was built from two of Linde plc's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names four such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from Linde plc's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.