Sherwin Williams (SHW) Tax Rate (2009 - 2026)
Sherwin Williams (SHW) posted Tax Rate of 24.17% for Q2 2026, up 13.24% on a QoQ basis from 21.34% in Q1 2026, and up 74.0% year-over-year from 13.89% in Q2 2025.
Analysis
Sherwin Williams (SHW) Tax Rate (2009 - 2026) Analysis & Trends
Sherwin Williams has reported Tax Rate for 18 years, with the latest figure at 24.17% in Q2 2026.
- On a quarterly basis, Tax Rate rose 74.0% year-over-year to 24.17% in Q2 2026; TTM through Jun 2026 was 23.01%, a 67.0% increase from a year earlier, with the FY2025 full-year figure at 23.06%, up 74.0% from the prior year.
- Tax Rate was 24.17% for Q2 2026 at Sherwin Williams, up from 21.34% in the prior quarter.
- The five-year high for Tax Rate was 25.38% in Q4 2025, with the low at 19.58% in Q1 2022.
- Average Tax Rate over 5 years is 22.54%, with a median of 21.98% recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Tax Rate soared 2036 bps in 2022, then plunged 335 bps in 2024.
- Over 5 years, Tax Rate stood at 21.94% in 2022, then advanced by 13 bps to 24.85% in 2023, then declined by 11 bps to 22.01% in 2024, then climbed by 15 bps to 25.38% in 2025, then dropped by 5 bps to 24.17% in 2026.
- The last three Tax Rate figures came in at 24.17% (Q2 2026), 21.34% (Q1 2026), and 25.38% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sherwin Williams | 81.02 Bn | 80.72 Bn | 3.34 Bn | 24.17% |
| 2 | Ppg Industries | 25.02 Bn | 23.57 Bn | 1.81 Bn | 22.32% |
| 3 | Rpm International | 13.47 Bn | 13.16 Bn | 950.03 Mn | 24.12% |
| 4 | Axalta Coating Systems | 7.66 Bn | 7.07 Bn | 465.00 Mn | 33.58% |
| 5 | Fuller H B | 2.90 Bn | 2.78 Bn | 319.65 Mn | 27.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.17% |
| Mar 31, 2026 | 21.34% |
| Dec 31, 2025 | 25.38% |
| Sep 30, 2025 | 21.44% |
| Jun 30, 2025 | 23.44% |
| Mar 31, 2025 | 22.83% |
| Dec 31, 2024 | 22.01% |
| Sep 30, 2024 | 21.18% |
| Jun 30, 2024 | 24.16% |
| Mar 31, 2024 | 21.06% |
| Dec 31, 2023 | 24.85% |
| Sep 30, 2023 | 24.53% |
| Jun 30, 2023 | 21.58% |
| Mar 31, 2023 | 22.35% |
| Dec 31, 2022 | 21.94% |
| Sep 30, 2022 | 21.90% |
| Jun 30, 2022 | 21.89% |
| Mar 31, 2022 | 19.58% |
| Dec 31, 2021 | 1.59% |
| Sep 30, 2021 | 17.87% |