# Air Products & Chemicals, Inc. (APD) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Air Products & Chemicals, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/APD/mda/fy2025/): filed 2025-11-20; accession 0000002969-25-000055 (https://www.sec.gov/Archives/edgar/data/2969/000000296925000055/apd-20250930.htm); latest 10-K
- [FY 2024 MD&A](/company/APD/mda/fy2024/): filed 2024-11-21; accession 0000002969-24-000056 (https://www.sec.gov/Archives/edgar/data/2969/000000296924000056/apd-20240930.htm)
- [FY 2023 MD&A](/company/APD/mda/fy2023/): filed 2023-11-16; accession 0000002969-23-000047 (https://www.sec.gov/Archives/edgar/data/2969/000000296923000047/apd-20230930.htm)
- [FY 2022 MD&A](/company/APD/mda/fy2022/): filed 2022-11-22; accession 0000002969-22-000054 (https://www.sec.gov/Archives/edgar/data/2969/000000296922000054/apd-20220930.htm)
- [FY 2021 MD&A](/company/APD/mda/fy2021/): filed 2021-11-18; accession 0000002969-21-000055 (https://www.sec.gov/Archives/edgar/data/2969/000000296921000055/apd-20210930.htm)

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