SW · 10-Q · 2026Q3 · Full report

Operating Expense Trends

Smurfit Westrock plc · 2026-11-04 · Importance 14 · Surprise 14

Nine-month selling, general and administrative expense decreased $41 million to $2,858 million from $2,899 million. The reduction included $38 million of lower share-based payment expense and a $13 million decrease in the Italian Competition Authority fine, inclusive of costs. Third-quarter SG&A decreased $36 million to $927 million, including $14 million less share-based payment expense and the $13 million fine reduction. Transaction and integration-related expense associated with the Combination declined to $1 million for the nine months from $72 million in the prior-year period.

Key facts

• SG&A expenses decreased $36 million to $927 million in the three months ended September 30, 2026, primarily due to $14 million lower share-based payment expense and a $13 million reduction in the Italian Competition Authority fine inclusive of costs. source
• SG&A expenses decreased $41 million to $2,858 million in the nine months ended September 30, 2026, primarily due to $38 million lower share-based payment expense and a $13 million reduction in the Italian Competition Authority fine inclusive of costs. source
• The Company incurred no transaction and integration-related expenses associated with the Combination in the three months ended September 30, 2026, compared with $15 million in the prior-year quarter. source
• Transaction and integration-related expenses associated with the Combination were $1 million in the nine months ended September 30, 2026, compared with $72 million in the prior-year period. source