Sherwin Williams (SHW) Operating Expenses (2009 - 2026)
Sherwin Williams' 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 has reported Operating Expenses for 18 years, with the latest figure at $2.0 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 9.8% year-over-year to $2.0 billion; the trailing twelve-month figure through Mar 2026 stood at $7.9 billion (up 6.13% YoY), and the FY2025 full-year result was $7.7 billion, up 3.68% from the prior year.
- Operating Expenses for Q1 2026 stood at $2.0 billion, up from $1.9 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.0 billion in Q2 2025, with the low at $105.3 million in Q1 2022.
- Average Operating Expenses over 5 years is $1.3 billion, with a median of $1.8 billion recorded in 2024.
- Year-over-year, Operating Expenses slumped 93.21% in 2023 and jumped 1601.11% in 2024.
- Tracing SHW's Operating Expenses over 5 years: 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 gained by 1.69% to $2.0 billion in 2026.
- The last three Operating Expenses figures came in at $2.0 billion (Q1 2026), $1.9 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 931.00 Mn |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | -48.90 Mn |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 1.97 Bn |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | 1.08 Bn |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 248.80 Mn |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 1.10 Bn |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 6.96 Bn |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | - |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 302.00 Mn |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 599.00 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 | 187.90 Mn |
| Jun 30, 2023 | 108.50 Mn |
| Mar 31, 2023 | 115.30 Mn |
| Dec 31, 2022 | 1.64 Bn |
| Sep 30, 2022 | 116.90 Mn |
| Jun 30, 2022 | 1.60 Bn |
| Mar 31, 2022 | 105.30 Mn |
| Dec 31, 2021 | -3.63 Bn |
| Sep 30, 2021 | 1.37 Bn |
| Jun 30, 2021 | 1.44 Bn |
| Mar 31, 2021 | 1.33 Bn |
| Dec 31, 2020 | -3.49 Bn |
| Sep 30, 2020 | 142.10 Mn |
| Jun 30, 2020 | 99.00 Mn |
| Mar 31, 2020 | 107.00 Mn |
| Dec 31, 2019 | 1.35 Bn |
| Sep 30, 2019 | 1.35 Bn |
| Jun 30, 2019 | 138.50 Mn |
| Mar 31, 2019 | 127.80 Mn |
| Dec 31, 2018 | 1.24 Bn |
| Sep 30, 2018 | 1.27 Bn |
| Jun 30, 2018 | 1.31 Bn |
| Mar 31, 2018 | 107.25 Mn |
| Dec 31, 2017 | 4.47 Bn |
| Sep 30, 2017 | 136.30 Mn |
| Jun 30, 2017 | 1.15 Bn |
| Mar 31, 2017 | 85.95 Mn |
| Dec 31, 2016 | -2.68 Bn |
| Sep 30, 2016 | 94.78 Mn |
| Jun 30, 2016 | 92.79 Mn |
| Mar 31, 2016 | 123.06 Mn |
| Dec 31, 2015 | 963.62 Mn |
| Sep 30, 2015 | 993.63 Mn |
| Jun 30, 2015 | 999.22 Mn |
| Mar 31, 2015 | 929.20 Mn |
| Dec 31, 2014 | 125.12 Mn |
| Sep 30, 2014 | 984.37 Mn |
| Jun 30, 2014 | 969.18 Mn |
| Mar 31, 2014 | 71.35 Mn |
| Dec 31, 2013 | 3.27 Bn |
| Sep 30, 2013 | 889.69 Mn |
| Jun 30, 2013 | 837.12 Mn |
| Mar 31, 2013 | 54.76 Mn |
| Dec 31, 2012 | 3.07 Bn |
| Sep 30, 2012 | 799.79 Mn |
| Jun 30, 2012 | 810.21 Mn |
| Mar 31, 2012 | 63.89 Mn |
| Dec 31, 2011 | 753.96 Mn |
| Sep 30, 2011 | 760.18 Mn |
| Jun 30, 2011 | 755.56 Mn |
| Mar 31, 2011 | 691.12 Mn |
| Dec 31, 2010 | 720.36 Mn |
| Sep 30, 2010 | 703.67 Mn |
| Jun 30, 2010 | 691.22 Mn |
| Mar 31, 2010 | 612.88 Mn |
| Dec 31, 2009 | 618.68 Mn |
| Sep 30, 2009 | 654.25 Mn |
| Jun 30, 2009 | 653.00 Mn |