Sherwin-Williams (SHW) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Sherwin-Williams published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Sherwin-Williams reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Sherwin-Williams acquired Suvinil, BASF's Brazilian decorative paints business, in October 2025. It sits in the Consumer Brands Group and accounts for most of that segment's year-over-year growth in Q3 2026.
• Adjusted diluted EPS excludes Valspar acquisition-related amortization and severance and other restructuring expenses. Segment rows include the Administrative function's small net sales, so they sum to consolidated Net sales.

Source: Sherwin-Williams Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Sherwin-Williams splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Sherwin-Williams's Paint Stores Group revenue was $4.0 billion in Q3 2026, up 5% from $3.8 billion in Q3 2025, 59% of total revenue.
• Sherwin-Williams's Consumer Brands Group revenue was $937 million in Q3 2026, up 22% from $770 million in Q3 2025, 14% of total revenue.
• Sherwin-Williams's Performance Coatings Group revenue was $1.9 billion in Q3 2026, up 9% from $1.8 billion in Q3 2025, 28% of total revenue.
• Sherwin-Williams's Administrative revenue was $3.5 million in Q3 2026, up 169% from $1.3 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Sherwin-Williams said:

“Customer sentiment and the leading indicators we track point to muted demand over the remainder of the year and into 2027.”

“Against this backdrop, we expect fourth quarter 2026 consolidated Net sales to increase by a mid-single digit percentage compared to the fourth quarter of 2025, resulting in us maintaining our full year 2026 sales guidance where consolidated Net sales are expected to be up a mid to high-single digit percentage compared to full year 2025.”

“Diluted net income per share is expected to be in the range of $10.92 to $11.22 per share, including acquisition-related amortization expense of $0.82 per share and severance and other restructuring expenses of $0.11 per share, compared to $10.26 per share in 2025.”

“Full year 2026 adjusted diluted net income per share is expected to be in the range of $11.85 to $12.15 per share compared to $11.43 per share in 2025.”

Source: Sherwin-Williams Q3 2026 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SHW forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP Net sales and diluted EPS, each as first reported in that quarter's release. Sherwin-Williams' business is seasonal, with most Net sales in the second and third quarters.

Sherwin-Williams's next report is expected around January 26, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

Sherwin-Williams reported Net sales of $6,860.0 million in Q3 2026, up 7.9% from $6,358.2 million, with growth in all three reportable segments. The Paint Stores Group, its chain of company-operated stores, brought in $4,015.8 million (up 4.7%). The Performance Coatings Group had $1,903.3 million (up 8.8%) and the Consumer Brands Group $937.4 million (up 21.7%). Across the company, selling price increases added a mid-single digit percentage to Net sales. (Sherwin-Williams Q3 2026 release, Oct 27, 2026)

Sherwin-Williams' Paint Stores Group grew on selling price increases, a mid-single digit percentage impact, and low-single digit percentage volume growth. Same-store sales, from stores open more than twelve calendar months, rose 3.9%, after 3.6% a year earlier. Sales rose in all professional end markets: protective and marine by a double digit percentage, commercial by a high-single digit percentage and residential repaint by a mid-single digit percentage. The segment ended the quarter with 4,853 stores, against 4,834 a year earlier. (Sherwin-Williams Q3 2026 release, Oct 27, 2026)

Sherwin-Williams' Consumer Brands Group growth came mostly from Suvinil, the Brazilian decorative paints business it bought from BASF in October 2025 for approximately $1.15 billion. The 10-Q puts the acquisition impact at 21.5% and currency at 1.0% of the segment's 21.7% increase, with soft demand in North America partly offsetting it. The 10-K notes that approximately 63% of the segment's total sales in 2025 were intersegment transfers of products sold mainly through the Paint Stores Group, which do not appear in its reported Net sales. (Sherwin-Williams Form 10-Q, Q3 2026, Oct 27, 2026; Sherwin-Williams Form 10-K, 2025, Feb 19, 2026)

Sherwin-Williams' Performance Coatings Group, which sells industrial, automotive refinish, protective and marine, coil and packaging coatings, grew on price (a mid-single digit percentage impact) and low-single digit volume growth. General Industrial, Packaging and Coil each rose by a double digit percentage, and Industrial Wood and Automotive Refinish each by a low-single digit percentage. (Sherwin-Williams Q3 2026 release, Oct 27, 2026; Sherwin-Williams Form 10-K, 2025, Feb 19, 2026)

Sherwin-Williams makes approximately 80% of its Net sales in North America and slightly less than 10% in the EMEAI region. Net sales of its consolidated foreign subsidiaries rose to $1.366 billion in the quarter from $1.135 billion, led by Latin America, which includes Suvinil. No individual customer accounted for more than ten percent of sales in 2025. (Sherwin-Williams Form 10-Q, Q3 2026, Oct 27, 2026; Sherwin-Williams Form 10-K, 2025, Feb 19, 2026)

Sherwin-Williams' diluted EPS was $3.38 in Q3 2026, against $3.35 a year earlier, and adjusted diluted EPS was $3.63, against $3.59. The adjusted figure excludes Valspar acquisition-related amortization ($0.21 per share after tax) and severance and other restructuring expenses ($0.04 per share). Net income fell 1.5% to $821.0 million as higher raw material and supply chain costs, incremental SG&A from Suvinil and higher interest expense on increased debt offset the sales growth. (Sherwin-Williams Q3 2026 release, Oct 27, 2026)

Sherwin-Williams' gross margin fell to 47.8% of Net sales from 49.2%, which it put down mainly to higher raw material and supply chain costs and to mix, including dilution from Suvinil. Interest expense rose to $139.3 million from $117.2 million. The effective tax rate was 22.8%, against 21.4% a year earlier, mainly because of a smaller benefit from employee share-based payments. (Sherwin-Williams Q3 2026 release, Oct 27, 2026; Sherwin-Williams Form 10-Q, Q3 2026, Oct 27, 2026)

Sherwin-Williams' diluted weighted average share count fell to 242.8 million from 249.0 million. It bought back 1,500,000 shares for $520.1 million in the quarter, at an average of $346.73 a share, and 7,100,000 shares for $2,357.1 million over the first nine months. At September 30, 2026, 22.5 million shares remained under its repurchase authorization. (Sherwin-Williams Q3 2026 release, Oct 27, 2026; Sherwin-Williams Form 10-Q, Q3 2026, Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Sherwin-Williams gives an outlook in its release. For Q4 2026 it expects consolidated Net sales to rise by a mid-single digit percentage from Q4 2025, and it kept full-year 2026 Net sales guidance at up a mid to high-single digit percentage. It revised full-year diluted EPS guidance to $10.92 to $11.22, including $0.82 of Valspar acquisition-related amortization and $0.11 of severance and other restructuring expenses, against $10.26 in 2025. Adjusted diluted EPS guidance was narrowed to $11.85 to $12.15, against $11.43 in 2025. (Sherwin-Williams Q3 2026 release, Oct 27, 2026)

Sherwin-Williams said customer sentiment and the leading indicators it tracks point to muted demand over the rest of 2026 and into 2027. The release guides the full-year effective tax rate to the low twenty percent range. (Sherwin-Williams Q3 2026 release, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Sherwin-Williams, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Sherwin-Williams's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SHW is on is SHW a buy or a sell?, what analysts expect next is on the SHW forecast, and what the company does is on the Sherwin-Williams (SHW) stock page.

Every number on this page can be traced to a document Sherwin-Williams published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.