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
DateValue
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