GWW · 10-Q · 2026Q2 · Full report

Operating Expense Trends

W.W. GRAINGER, INC. · 2026-08-04 · Importance 42 · Surprise 14 · In source text

Six-month SG&A expense increased $165 million, or 7.8%, to $2,280 million, while SG&A declined to 23.3% of sales from 23.9%. High-Touch Solutions N.A. SG&A rose 10.6% to $1,885 million, primarily because of higher payroll and benefit expenses. Endless Assortment SG&A increased 10.3% to $395 million, driven mainly by higher marketing expenses. Second-quarter consolidated SG&A increased 9.3% to $1,177 million, with the increase in payroll and benefits partly offset by a benefit related to the 2025 U.K. market exit.

Key facts

• High-Touch Solutions N.A. SG&A for the three months ended June 30, 2026: $974 million, increased $109 million or 13%, primarily due to higher payroll and benefit expenses. source
• High-Touch Solutions N.A. six months SG&A: $1,885 million, increased $181 million or 10.6%, primarily due to higher payroll and benefit expenses in 2026. source
• Endless Assortment six months SG&A: $395 million, increased $37 million or 10.3%, primarily due to higher marketing expenses in 2026. source
• Selling, general and administrative (SG&A) expenses for the three months ended June 30, 2026: $1,177 million, increased $100 million or 9% versus prior year. source
• Endless Assortment SG&A for the three months ended June 30, 2026: $203 million, increased $18 million or 10%, primarily due to higher marketing expenses. source
• SG&A expenses for the six months ended June 30, 2026: $2,280 million, increased $165 million or 8% compared to the same period in 2025. source
• The Company stated there were no material changes to its critical accounting estimates from those disclosed in the 2025 Form 10-K. source

Impact estimates