Filing Flows › Sherwin Williams (SHW) › Q2 2026
Sherwin Williams (SHW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Sherwin Williams (SHW) reported revenue of $6.8B for the second quarter 2026 (Q2 2026), +8% from a year earlier and +20% from the quarter before. Operating margin was 16.4%, net earnings $844M (12.4% of revenue).
Sherwin Williams, Q2 2026: revenue $6.8B (+8% year over year), operating margin 16.4%, net earnings $844M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +20% | +8% |
| Gross profit | $3.3B | +20% | +7% |
| Operating profit | $1.1B | +64% | +13% |
| Net earnings | $844M | +58% | +12% |
| Operating cash flow | $1.3B | +869% | +21% |
| Free cash flow | $1.2B | 1,549× | +33% |
What changed
Revenue was $6.8B in Q2 2026, up 8% year over year and up 20% from the previous quarter. Paint Stores Group was the largest line at 57% of revenue. Paint Stores Group added $0.19B year over year (up 5%), 40% of the total change.
Gross margin was 49.2%, down 0.2 points from Q2 2025. Operating profit was $1.1B, a 16.4% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, above the 16% margin then. Operating expenses grew 4% against revenue growth of 8%. Net earnings were $0.84B, up 12% year over year. The effective tax rate was 24.2%.
Operating cash flow was $1.3B (up 21% year over year), 160% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.29B. Capital expenditures of $0.11B left free cash flow of $1.2B.
Questions
What was Sherwin Williams' revenue in the second quarter 2026?
Sherwin Williams (SHW) reported revenue of $6.8B for the second quarter 2026 (Q2 2026), +8% from a year earlier and +20% from the quarter before.
Was Sherwin Williams profitable in the second quarter 2026?
Operating profit was $1.1B (16.4% of revenue) and net earnings $844M.
Source: Sherwin Williams 10-Q on SEC EDGAR.