Linde plc Ordinary Shares
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Linde plc Ordinary Shares (LIN). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Americas | $10.46B 38.4% | $12.10B 39.3% · +15.7% | $13.87B 41.6% · +14.6% | $14.30B 43.5% · +3.1% | $14.44B 43.8% · +1.0% | $15.21B 44.7% · +5.3% |
| EMEA | $6.45B 23.7% | $7.64B 24.8% · +18.5% | $8.44B 25.3% · +10.5% | $8.54B 26.0% · +1.2% | $8.35B 25.3% · -2.2% | $8.55B 25.2% · +2.4% |
| APAC | $5.69B 20.9% | $6.13B 19.9% · +7.8% | $6.48B 19.4% · +5.7% | $6.56B 20.0% · +1.2% | $6.63B 20.1% · +1.1% | $6.66B 19.6% · +0.4% |
| Engineering | $2.85B 10.5% | $2.87B 9.3% · +0.6% | $2.76B 8.3% · -3.7% | $2.16B 6.6% · -21.8% | $2.32B 7.0% · +7.5% | $2.25B 6.6% · -3.1% |
| Other | $1.80B 6.6% | $2.05B 6.6% · +13.9% | $1.81B 5.4% · -11.8% | $1.29B 3.9% · -28.6% | $1.26B 3.8% · -2.5% | $1.32B 3.9% · +4.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Americas | $2.77B 26.5% | $3.37B 27.8% | $3.73B 26.9% | $4.24B 29.7% | – | – |
| EMEA | $1.47B 22.7% | $1.89B 24.7% | $2.01B 23.8% | $2.49B 29.1% | – | – |
| APAC | $1.28B 22.5% | $1.50B 24.5% | $1.67B 25.8% | $1.81B 27.5% | – | – |
| Engineering | $435.0M 15.3% | $473.0M 16.5% | $555.0M 20.1% | $491.0M 22.7% | – | – |
| Other | -$153.0M -8.5% | -$56.0M -2.7% | -$66.0M -3.7% | $43.0M 3.3% | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| U.S. | $8.48B 31.1% | $9.12B 29.6% · +7.6% | $10.55B 31.6% · +15.7% | $10.57B 32.2% · +0.1% | $11.50B 34.8% · +8.8% | $12.18B 35.8% · +6.0% |
| Other – non-U.S. | $9.48B 34.8% | $11.08B 36.0% · +16.8% | $10.98B 32.9% · -0.9% | $11.47B 34.9% · +4.5% | $10.85B 32.9% · -5.4% | $11.26B 33.1% · +3.8% |
| China | $2.06B 7.6% | $2.56B 8.3% · +24.3% | $2.64B 7.9% · +3.2% | $2.59B 7.9% · -2.2% | $2.65B 8.0% · +2.5% | $2.60B 7.7% · -1.8% |
| Germany | $3.74B 13.7% | $3.60B 11.7% · -3.7% | $3.66B 11.0% · +1.7% | $2.83B 8.6% · -22.8% | $2.51B 7.6% · -11.2% | $2.43B 7.2% · -3.1% |
| United Kingdom | $1.60B 5.9% | $2.06B 6.7% · +29.2% | $1.95B 5.9% · -5.1% | $1.51B 4.6% · -22.9% | $1.54B 4.7% · +2.2% | $1.51B 4.4% · -1.9% |
| Mexico | – | – | $1.04B 3.1% | $1.29B 3.9% · +23.8% | $1.35B 4.1% · +4.2% | $1.39B 4.1% · +3.3% |
| Brazil | $822.0M 3.0% | $1.07B 3.5% · +29.6% | $1.16B 3.5% · +8.7% | $1.30B 4.0% · +12.4% | $1.26B 3.8% · -3.0% | $1.33B 3.9% · +4.9% |
| Australia | $1.07B 3.9% | $1.31B 4.2% · +22.0% | $1.37B 4.1% · +5.0% | $1.30B 4.0% · -5.0% | $1.35B 4.1% · +3.9% | $1.29B 3.8% · -4.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.