10-Q quarterly report · filed Oct 31, 2025

Linde plc (LIN) Q3 2025 10-Q Quarterly Report

Short answer

Linde plc (LIN) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $8.6B (up 3.1% year over year) with net income of $1.9B.

Q3 2025 key financials · XBRL

Revenue
$8.6B
+3.1% YoY · +1.4% QoQ
Net income
$1.9B
+24.5% YoY · +9.2% QoQ
Operating margin
27.5%
EPS (diluted)
$4.10
+26.9% YoY · +9.9% QoQ

Source: XBRL data from the Linde plc (LIN) Q3 2025 10-Q on SEC EDGAR. USD.

Linde plc Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $8,615M Q3 2025, up 3% YoY from $8,356M Q3 2024; nine months $25,222M vs $24,723M, up 2%
  • Reported operating margin 27.5% Q3 2025 vs 25.0% Q3 2024; adjusted margin 29.7% vs 29.6% YoY Q3
  • Best segment Americas: sales $3,846M +6%, operating profit margin 31.2% Q3 2025; Worst segment Engineering: sales down 15%, profit margin 19.5% Q3 2025
  • Operating cash flow $7,320M YTD 2025, up 11% YoY; capital expenditures $3,803M, up 17% YoY; net investing outflow $4,260M, financing outflow $3,536M
  • Management notes strong pricing and productivity offset cost inflation; adjusted full year outlook ongoing via earnings releases; risks include currency volatility and cost inflation

Risk Factors

  • No material changes to risk factors from 2024 10-K for fiscal 2025 quarter
  • Carried-forward regulatory risk: compliance with evolving environmental laws impacting operations
  • Carried-forward market risk: volatility in industrial gas demand due to global economic conditions
  • Carried-forward financial risk: exposure to foreign currency fluctuations affecting reported earnings
  • Carried-forward operational risk: supply chain disruptions affecting production continuity

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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