Linde Plc (LIN) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Linde Plc  (NASDAQ: LIN)

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Description of Linde Plc's Business Segments


The registrant's reportable segments are Americas, EMEA (Europe/Middle East/Africa), APAC (Asia/South Pacific), and Engineering. The Engineering segment designs and manufactures equipment for air separation and other industrial gas applications worldwide and operates across all geographic segments. The "Other" category includes corporate costs and smaller businesses that do not meet quantitative thresholds for separate presentation. The industrial gases product line manufactures and distributes atmospheric gases—including oxygen, nitrogen, argon, and rare gases—and process gases such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. Many of these gases are co-products of the same manufacturing process. Linde manufactures and distributes nearly all products regionally and manages customer relationships on a regional basis. Distribution methods include on-site or tonnage, merchant or bulk, and packaged or cylinder gases, integrated to meet customer needs. Products are generally not economically transported outside their regions, making distribution economics region-specific and aligned with management’s performance assessment. Segment operating profit, used for performance assessment and resource allocation by the Chief Operating Decision Maker (CODM), excludes purchase accounting impacts of the Linde AG merger, cost reduction programs, other charges, and non-indicative items. For the year ended December 31, 2025, sales were $15,208 million in Americas, $8,549 million in EMEA, $6,661 million in APAC, $2,250 million in Engineering, and $1,318 million in Other. Operating profit for these segments was $4,747 million, $3,055 million, $1,933 million, $408 million, and negative $6 million, respectively. The Americas segment includes industrial gases operations in approximately 20 countries, including the United States, Canada, Mexico, and Brazil. Sales in Americas increased 5% in 2025 compared to 2024, driven by higher pricing (3%), volume increases (1%) primarily in electronics, metals and mining, chemicals, and energy end markets, and cost pass-through (1%).


Composition of Linde Plc Revenues by Segments

 
Americas    87.29 % of total Revenue
EMEA    48.16 % of total Revenue
APAC    38.44 % of total Revenue
Engineering    12.29 % of total Revenue
Corporate Segment and Other Operating    8.34 % of total Revenue
Intersegment Eliminations    2.37 % of total Revenue

Q2 three months ended (Jun 30 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Americas 8,108.00 87.29 %
EMEA 4,474.00 48.16 %
APAC 3,571.00 38.44 %
Engineering 1,142.00 12.29 %
Corporate Segment and Other Operating 775.00 8.34 %
Intersegment Eliminations 220.00 2.37 %
Total 9,289.00 100 %




Q2 three months ended (Jun 30 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Americas 112.7 % 101.44 %
EMEA 106.94 % 106.08 %
APAC 115.77 % 109.94 %
Engineering 107.26 % 120.89 %
Corporate Segment and Other Operating - -
Intersegment Eliminations - -
Total 9.35 % 5.79 %




Q2 three months ended (Jun 30 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Americas 2,544.00 31.38 %
EMEA 1,607.00 35.92 %
APAC 1,008.00 28.23 %
Engineering 201.00 17.6 %
Corporate Segment and Other Operating 14.00 1.81 %
Total 1,972.00 21.23 %




Q2 three months ended (Jun 30 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Americas - -
EMEA - -
APAC - -
Engineering - -
Corporate Segment and Other Operating - -
Total 9.19 % 3.79 %




Annual Report on Linde Plc Divisions, Sales by Country

 
Americas   Americas Segment contribution to total sales 44.75 % of total Revenue
EMEA   EMEA Segment contribution to total sales 25.15 % of total Revenue
APAC   APAC Segment contribution to total sales 19.6 % of total Revenue
Engineering   Engineering Segment contribution to total sales 6.62 % of total Revenue
Merchant   Merchant Segment contribution to total sales 29.89 % of total Revenue
Packaged Gas   Packaged Gas Segment contribution to total sales 34.88 % of total Revenue
InterEliminations   InterEliminations Segment contribution to total sales 1.28 % of total Revenue
Americas Merchant   Americas Merchant Segment contribution to total sales 14.39 % of total Revenue
Americas Packaged Gas   Americas Packaged Gas Segment contribution to total sales 19.01 % of total Revenue
EMEA Merchant   EMEA Merchant Segment contribution to total sales 8.42 % of total Revenue
EMEA Packaged Gas   EMEA Packaged Gas Segment contribution to total sales 11.68 % of total Revenue
APAC Merchant   APAC Merchant Segment contribution to total sales 6.51 % of total Revenue
APAC Packaged Gas   APAC Packaged Gas Segment contribution to total sales 4.11 % of total Revenue
Other   Other Segment contribution to total sales 3.88 % of total Revenue
Other Merchant   Other Merchant Segment contribution to total sales 0.57 % of total Revenue
Other Packaged Gas   Other Packaged Gas Segment contribution to total sales 0.07 % of total Revenue
On-Site   On-Site Segment contribution to total sales 23.78 % of total Revenue
Other Other   Other Other Segment contribution to total sales 3.23 % of total Revenue
Reporting FromExternalCustomersAndLongLivedAssetsLineItems   Reporting FromExternalCustomersAndLongLivedAssetsLineItems Segment contribution to total sales 100 % of total Revenue
InterEliminations Engineering   InterEliminations Engineering Segment contribution to total sales 7.95 % of total Revenue
Engineering Segment   Engineering Segment Segment contribution to total sales 6.62 % of total Revenue
U S   U S Segment contribution to total sales 35.84 % of total Revenue
China   China Segment contribution to total sales 7.65 % of total Revenue
Germany   Germany Segment contribution to total sales 7.16 % of total Revenue
United Kingdom   United Kingdom Segment contribution to total sales 4.44 % of total Revenue
Australia   Australia Segment contribution to total sales 3.79 % of total Revenue
Mexico   Mexico Segment contribution to total sales 4.09 % of total Revenue
Brazil   Brazil Segment contribution to total sales 3.9 % of total Revenue
Other non-U S   Other non-U S Segment contribution to total sales 33.13 % of total Revenue
Americas On-Site   Americas On-Site Segment contribution to total sales 10.62 % of total Revenue
Americas Other   Americas Other Segment contribution to total sales 0.73 % of total Revenue
EMEA On-Site   EMEA On-Site Segment contribution to total sales 4.96 % of total Revenue
EMEA Other   EMEA Other Segment contribution to total sales 0.1 % of total Revenue
APAC On-Site   APAC On-Site Segment contribution to total sales 8.21 % of total Revenue
APAC Other   APAC Other Segment contribution to total sales 0.77 % of total Revenue
Engineering Other   Engineering Other Segment contribution to total sales 6.62 % of total Revenue


Twelve months ended 2025
LIN s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Americas 15,208.00 44.75 %
EMEA 8,549.00 25.15 %
APAC 6,661.00 19.6 %
Engineering 2,250.00 6.62 %
Total 33,986.00 100 %
Merchant 10,159.00 29.89 %
Packaged Gas 11,853.00 34.88 %
InterEliminations 436.00 1.28 %
Americas Merchant 4,892.00 14.39 %
Americas Packaged Gas 6,460.00 19.01 %
EMEA Merchant 2,860.00 8.42 %
EMEA Packaged Gas 3,970.00 11.68 %
APAC Merchant 2,213.00 6.51 %
APAC Packaged Gas 1,398.00 4.11 %
Other 1,318.00 3.88 %
Other Merchant 194.00 0.57 %
Other Packaged Gas 25.00 0.07 %
On-Site 8,083.00 23.78 %
Other Other 1,099.00 3.23 %
Reporting FromExternalCustomersAndLongLivedAssetsLineItems 33,986.00 100 %
InterEliminations Engineering 2,702.00 7.95 %
Engineering Segment 2,250.00 6.62 %
U S 12,182.00 35.84 %
China 2,600.00 7.65 %
Germany 2,432.00 7.16 %
United Kingdom 1,510.00 4.44 %
Australia 1,287.00 3.79 %
Mexico 1,391.00 4.09 %
Brazil 1,325.00 3.9 %
Other non-U S 11,259.00 33.13 %
Americas On-Site 3,609.00 10.62 %
Americas Other 247.00 0.73 %
EMEA On-Site 1,685.00 4.96 %
EMEA Other 34.00 0.1 %
APAC On-Site 2,789.00 8.21 %
APAC Other 261.00 0.77 %
Engineering Other 2,250.00 6.62 %


Twelve months ended 2025
LIN s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 7,058.00 20.77 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Americas 5.3 % -
EMEA 2.36 % -
APAC 0.44 % -
Engineering -3.1 % -
Total 2.97 % 4.76 %
Merchant 3.9 % -
Packaged Gas 1.98 % -
InterEliminations -8.6 % -
Americas Merchant 7 % -
Americas Packaged Gas 0.72 % -
EMEA Merchant 3.44 % -
EMEA Packaged Gas 4.34 % -
APAC Merchant -0.9 % -
APAC Packaged Gas 1.6 % -
Other 4.85 % -
Other Merchant -6.73 % -
Other Packaged Gas -10.71 % -
On-Site 5.58 % -
Other Other 7.64 % -
Reporting FromExternalCustomersAndLongLivedAssetsLineItems 2.97 % -
InterEliminations Engineering 38 % -
Engineering Segment -3.1 % -
U S 5.96 % -
China -1.85 % -
Germany -3.07 % -
United Kingdom -1.95 % -
Australia -4.95 % -
Mexico 3.34 % -
Brazil 4.91 % -
Other non-U S 3.8 % -
Americas On-Site 11.42 % -
Americas Other 13.82 % -
EMEA On-Site -2.15 % -
EMEA Other -43.33 % -
APAC On-Site 3.49 % -
APAC Other -20.43 % -
Engineering Other -3.1 % -



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