Sherwin Williams SHW
NYSE SHW
$328.51 +7.20 (+2.24%)
As of: Sep 22, 2026 · 3:59 PM EDT

Sherwin Williams (SHW) Operating Expenses (2009 - 2026)

Sherwin Williams (SHW) posted Operating Expenses of $2.1 billion for Q2 2026, up 6.81% on a QoQ basis from $2.0 billion in Q1 2026, and up 4.58% year-over-year from $2.0 billion in Q2 2025.

Analysis

Sherwin Williams (SHW) Operating Expenses (2009 - 2026) Analysis & Trends

Sherwin Williams has reported Operating Expenses for 18 years, with the latest figure at $2.1 billion in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 4.58% year-over-year to $2.1 billion in Q2 2026; TTM through Jun 2026 was $8.0 billion, a 5.02% increase from a year earlier, with the FY2025 full-year figure at $7.7 billion, up 3.68% from the prior year.
  • Operating Expenses was $2.1 billion for Q2 2026 at Sherwin Williams, up from $2.0 billion in the prior quarter.
  • The five-year high for Operating Expenses was $2.1 billion in Q2 2026, with the low at $1.5 billion in Q1 2022.
  • Average Operating Expenses over 5 years is $1.8 billion, with a median of $1.8 billion recorded in 2024.
  • The largest YoY upside for Operating Expenses was 17.61% in 2022 against a maximum downside of 6.33% in 2022.
  • Over 5 years, Operating Expenses stood at $1.6 billion in 2022, then gained by 13.26% to $1.9 billion in 2023, then rose by 1.45% to $1.9 billion in 2024, then gained by 2.86% to $1.9 billion in 2025, then rose by 8.62% to $2.1 billion in 2026.
  • The last three Operating Expenses figures came in at $2.1 billion (Q2 2026), $2.0 billion (Q1 2026), and $1.9 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sherwin Williams 78.03 Bn 77.74 Bn 3.34 Bn 2.10 Bn
2 Ppg Industries 23.33 Bn 21.89 Bn 1.81 Bn 1.15 Bn
3 Rpm International 12.64 Bn 12.33 Bn 950.03 Mn 644.67 Mn
4 Axalta Coating Systems 6.82 Bn 6.23 Bn 465.00 Mn 231.00 Mn
5 Fuller H B 2.67 Bn 2.55 Bn 319.65 Mn 202.37 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 2.10 Bn
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 1.76 Bn
Mar 31, 2023 1.69 Bn
Dec 31, 2022 1.64 Bn
Sep 30, 2022 1.61 Bn
Jun 30, 2022 1.60 Bn
Mar 31, 2022 1.49 Bn
Dec 31, 2021 1.75 Bn
Sep 30, 2021 1.37 Bn
API Access

Sherwin Williams Operating Expenses API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=operating-expenses&ticker=SHW&period=max&api_key=YOUR_API_KEY