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

Sherwin Williams' Operating Expenses history runs 18 years deep, the most recent figure standing at $2.0 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 9.8% year-over-year to $2.0 billion; the TTM figure through Mar 2026 stood at $7.9 billion (up 6.13% YoY), while the FY2025 annual figure was $7.7 billion, up 3.68% from the prior year.
• Operating Expenses was $2.0 billion for Q1 2026 at Sherwin Williams, up from $1.9 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.0 billion in Q2 2025 to a low of $105.3 million in Q1 2022.
• Historically, Operating Expenses has averaged $1.3 billion across 5 years, with a median of $1.8 billion in 2024.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 93.21% in 2023, then surged 1601.11% in 2024.
• A 5-year view of Operating Expenses shows it 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.
• 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.