Linde Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	33,986	33,005	32,854	33,364	30,793
Revenue Growth (YoY)	2.97%	0.46%	-1.53%	8.35%	13.03%
Cost of Revenue	17,389	17,143	17,492	19,450	17,543
Gross Profit	16,597	15,862	15,362	13,914	13,250
Selling, General & Admin	3,433	3,337	3,295	3,107	3,189
Depreciation & Amortization Expenses	3,763	3,780	3,816	4,204	4,635
Research & Development	147	150	146	143	143
Other Operating Expenses	331	-40	81	1,091	299
Operating Income	8,923	8,635	8,024	5,369	4,984
Interest Income	150	170	167	172	119
Interest Expense	-255	-256	-200	-63	-77
Other Non-Operating Income (Expense)	229	190	164	237	192
Total Non-Operating Income (Expense)	124	104	131	346	234
Pretax Income	8,897	8,569	7,988	5,543	5,099
Provision for Income Taxes	1,989	2,002	1,814	1,434	1,262
Net Income	13,966	13,304	12,515	4,147	3,821
Minority Interest in Earnings	-160	-172	-142	-134	-135
Earnings From Discontinued Operations	-	-	-	-	10
Net Income to Common	13,966	13,304	12,515	4,147	3,821
Net Income Growth	4.98%	6.30%	201.78%	8.53%	53.02%
Shares Outstanding (Basic)	469	479	488	500	517
Shares Outstanding (Diluted)	472	482	492	504	522
Shares Change (YoY)	-2.05%	-2.07%	-2.33%	-3.42%	-1.75%
EPS (Basic)	14.69	13.71	12.70	8.30	7.40
EPS (Diluted)	14.61	13.62	12.59	8.23	7.33
EPS Growth	7.27%	8.18%	52.98%	12.28%	55.96%
Free Cash Flow	5,089	4,926	5,518	5,691	6,639
Free Cash Flow Growth	3.31%	-10.73%	-3.04%	-14.28%	64.78%
Free Cash Flow Per Share	10.78	10.22	11.21	11.29	12.72
Dividends Per Share	6.000	5.560	5.100	4.680	4.240
Dividend Growth	7.91%	9.02%	8.97%	10.38%	10.07%
Gross Margin	48.83%	48.06%	46.76%	41.70%	43.03%
Operating Margin	26.25%	26.16%	24.42%	16.09%	16.19%
Profit Margin	40.62%	39.79%	37.66%	12.32%	25.31%
FCF Margin	14.97%	14.93%	16.80%	17.06%	21.56%
EBITDA	12,686	12,415	11,840	9,573	9,619
EBITDA Margin	37.33%	37.62%	36.04%	28.69%	31.24%
EBIT	8,923	8,635	8,024	5,369	4,984
EBIT Margin	26.25%	26.16%	24.42%	16.09%	16.19%
Effective Tax Rate	22.36%	23.36%	22.71%	25.87%	24.75%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.