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	3,204	3,147	3,131	2,870	2,997
Research & Development	147	150	146	143	143
Other Operating Expenses	23	-104	-	42	-26
Operating Expenses	7,137	6,973	7,093	7,259	7,749
Operating Income	9,460	8,889	8,269	6,655	5,501
Interest Expense	-255	-487	-413	-215	-170
Interest & Investment Income	-	228	197	117	40
Earnings From Equity Investments	150	173	169	190	132
Currency Exchange Gain (Loss)	-	-11	-47	-18	-29
Other Non Operating Income (Expenses)	-	3	16	35	53
EBT Excluding Unusual Items	9,355	8,795	8,191	6,764	5,527
Merger & Restructuring Charges	-308	-204	-52	-152	-330
Gain (Loss) on Sale of Investments	-	-	-	-	52
Gain (Loss) on Sale of Assets	-	103	6	-9	-31
Other Unusual Items	-	-	-	-890	-
Pretax Income	9,047	8,739	8,155	5,715	5,218
Income Tax Expense	1,989	2,002	1,814	1,434	1,262
Earnings From Continuing Operations	7,058	6,737	6,341	4,281	3,956
Earnings From Discontinued Operations	-	-	-	-	5
Net Income to Company	7,058	6,737	6,341	4,281	3,961
Minority Interest in Earnings	-160	-172	-142	-134	-135
Net Income	6,898	6,565	6,199	4,147	3,826
Net Income to Common	6,898	6,565	6,199	4,147	3,826
Net Income Growth	5.07%	5.90%	49.48%	8.39%	52.98%
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%	12.29%	55.70%
Free Cash Flow	5,089	4,926	5,518	5,691	6,639
Free Cash Flow Per Share	10.78	10.22	11.21	11.29	12.72
Dividend 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	48.84%	48.06%	46.76%	41.70%	43.03%
Operating Margin	27.83%	26.93%	25.17%	19.95%	17.86%
Profit Margin	20.30%	19.89%	18.87%	12.43%	12.43%
Free Cash Flow Margin	14.97%	14.92%	16.80%	17.06%	21.56%
EBITDA	13,223	12,669	12,085	10,859	10,136
EBITDA Margin	38.91%	38.39%	36.78%	32.55%	32.92%
D&A For EBITDA	3,763	3,780	3,816	4,204	4,635
EBIT	9,460	8,889	8,269	6,655	5,501
EBIT Margin	27.83%	26.93%	25.17%	19.95%	17.86%
Effective Tax Rate	21.98%	22.91%	22.24%	25.09%	24.19%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q