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Sherwin Williams (SHW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Sherwin Williams (SHW) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +1% from the quarter before. Operating margin was 15.5%, net earnings $821M (12.0% of revenue).
Sherwin Williams, Q3 2026: revenue $6.9B (+8% year over year), operating margin 15.5%, net earnings $821M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9B | +1% | +8% |
| Gross profit | $3.3B | -2% | +5% |
| Operating profit | $1.1B | -4% | +0.3% |
| Net earnings | $821M | -3% | -1% |
| Operating cash flow | $1.1B | -18% | -16% |
| Free cash flow | $976M | -21% | -12% |
What changed
Revenue was $6.9B in Q3 2026, up 8% year over year and up 1% from the previous quarter. Paint Stores Group was the largest line at 59% of revenue. Paint Stores Group added $0.18B year over year (up 5%), 36% of the total change.
Gross margin was 47.8%, down 1.4 points from Q3 2025. Operating profit was $1.1B, a 15.5% margin (down 1.2 points year over year). Of the extra revenue versus Q3 2025, 1% reached operating profit, below the 17% margin then. Operating expenses grew 7% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $0.82B, down 1% year over year. The effective tax rate was 22.8%.
Operating cash flow was $1.1B (down 16% year over year), 135% 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 $0.07B. Capital expenditures of $0.13B left free cash flow of $1.0B.
Questions
What was Sherwin Williams' revenue in the third quarter 2026?
Sherwin Williams (SHW) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +1% from the quarter before.
Was Sherwin Williams profitable in the third quarter 2026?
Operating profit was $1.1B (15.5% of revenue) and net earnings $821M.
Source: Sherwin Williams 10-Q on SEC EDGAR.