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 | 78.18 Bn | 77.89 Bn | 3.34 Bn | 2.10 Bn |
| 2 | Ppg Industries | 23.95 Bn | 22.36 Bn | 1.81 Bn | 1.15 Bn |
| 3 | Rpm International | 12.67 Bn | 12.36 Bn | 950.03 Mn | 644.67 Mn |
| 4 | Axalta Coating Systems | 7.36 Bn | 6.73 Bn | 465.00 Mn | 231.00 Mn |
| 5 | Fuller H B | 2.82 Bn | 2.70 Bn | 319.65 Mn | 202.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |