LIN · 10-Q · 2026Q2 · Full report

Operating Expense Trends

LINDE PLC · 2026-07-31 · Importance 43 · Surprise 32

SG&A increased $128 million, or 8%, to $1,784 million for the six months ended June 30, 2026, while second-quarter SG&A increased $21 million, or 2%. SG&A declined to 9.9% of six-month sales from 10.0% in 2025 and to 9.6% of quarterly sales from 10.2%. Currency translation increased SG&A by approximately $53 million year to date and $16 million in the quarter. Excluding currency, the underlying increase was driven primarily by higher costs.

Key facts

• SG&A Q2 2026 increased $21 million or 2%; SG&A was 9.6% of sales Q2 2026 versus 10.2% in Q2 2025 source
• Reported depreciation and amortization Q2 2026 increased $21 million or 2%; adjusted D&A increase $29 million or 4% including currency impact of $14 million in Q2 2026 source