Sherwin Williams (SHW) Operating Expenses (2009 - 2026)
Sherwin Williams' (SHW) quarterly Operating Expenses came in at $2.0 billion in Q1 2026, up 9.8% year-on-year from $1.8 billion in Q1 2025, and up 1.69% quarter-over-quarter from $1.9 billion in Q4 2025.
Sherwin Williams (SHW) Operating Expenses (2009 - 2026) Analysis & Trends
Sherwin Williams' Operating Expenses history runs 18 years deep, the most recent figure standing at $2.0 billion for Q1 2026.
- On a quarterly basis, Operating Expenses rose 9.8% year-over-year to $2.0 billion in Q1 2026; TTM through Mar 2026 was $7.9 billion, a 6.13% increase from a year earlier, with the FY2025 full-year figure at $7.7 billion, up 3.68% from the prior year.
- Operating Expenses improved to $2.0 billion in Q1 2026 per SHW's latest filing, from $1.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $2.0 billion in Q2 2025 and bottomed at $105.3 million in Q1 2022.
- The 5-year median for Operating Expenses is $1.8 billion (2024), against an average of $1.4 billion.
- Across the five-year window, Operating Expenses slumped 92.06% in 2022 and jumped 1601.11% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $1.6 billion in 2022, then rose by 13.26% to $1.9 billion in 2023, then increased by 1.45% to $1.9 billion in 2024, then rose by 2.86% to $1.9 billion in 2025, then rose by 1.69% to $2.0 billion in 2026.
- Per Business Quant, the three latest SHW Operating Expenses figures stand at $2.0 billion (Q1 2026), $1.9 billion (Q4 2025), and $2.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.95 Bn | 233.99 Bn | 4.26 Bn | 931.00 Mn |
| 2 | Sherwin Williams | 78.17 Bn | 77.95 Bn | 2.78 Bn | 1.97 Bn |
| 3 | Ecolab | 76.02 Bn | 75.37 Bn | 1.85 Bn | 1.08 Bn |
| 4 | Air Products & Chemicals | 66.38 Bn | 65.43 Bn | 987.40 Mn | 248.80 Mn |
| 5 | Ppg Industries | 26.02 Bn | 24.40 Bn | 1.66 Bn | 998.00 Mn |
| 6 | LyondellBasell Industries | 22.51 Bn | 19.87 Bn | 701.00 Mn | 6.96 Bn |
| 7 | Chemical & Mining Co Of Chile | 19.70 Bn | 15.83 Bn | 778.60 Mn | -48.90 Mn |
| 8 | International Flavors & Fragrances | 19.51 Bn | 18.95 Bn | 1.02 Bn | 599.00 Mn |
| 9 | DuPont de Nemours | 18.80 Bn | 18.71 Bn | 602.00 Mn | 302.00 Mn |
| 10 | Rpm International | 13.63 Bn | 13.32 Bn | 950.03 Mn | 644.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.97 Bn |
| Dec 31, 2025 | 1.94 Bn |
| Sep 30, 2025 | 1.95 Bn |
| Jun 30, 2025 | 2.01 Bn |
| Mar 31, 2025 | 1.79 Bn |
| Dec 31, 2024 | 1.88 Bn |
| Sep 30, 2024 | 1.89 Bn |
| Jun 30, 2024 | 1.85 Bn |
| Mar 31, 2024 | 1.80 Bn |
| Dec 31, 2023 | 1.86 Bn |
| Sep 30, 2023 | 1.76 Bn |
| Jun 30, 2023 | 108.50 Mn |
| Mar 31, 2023 | 1.69 Bn |
| Dec 31, 2022 | 1.64 Bn |
| Sep 30, 2022 | 116.90 Mn |
| Jun 30, 2022 | 127.90 Mn |
| Mar 31, 2022 | 105.30 Mn |
| Dec 31, 2021 | 109.80 Mn |
| Sep 30, 2021 | 123.10 Mn |
| Jun 30, 2021 | 1.44 Bn |