PPG Industries income statement

In fiscal 2025, PPG Industries reported revenue of $15.88bn, up 0.2% on the year before and net income of $1.58bn, or $6.94 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

PPG Industries: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	12.2	13.4	13.2	13.5	15.1	14.8	14.2	14.3	14.7	15.4	15.1	13.8	16.8	15.6	16.2	15.8	15.9	16.7
Cost of revenue	—	—	—	—	—	—	—	—	8.2	9.0	8.7	7.8	10.3	10.0	9.7	9.3	9.3	9.9
Gross profit	—	—	—	—	—	—	—	—	6.5	6.4	6.5	6.1	6.5	5.6	6.6	6.6	6.6	6.8
Research and development	0.4	0.4	0.4	0.4	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.4	0.5	0.5	0.4	0.4	0.4	0.5
Selling, general and administrative	2.9	3.0	3.1	3.0	3.5	3.7	3.6	3.6	3.6	3.6	3.6	3.4	3.8	3.0	3.4	3.4	3.4	3.6
Operating income	1.2	1.7	1.7	1.6	1.9	2.2	2.3	2.4	2.3	2.1	2.3	2.1	2.2	2.0	2.7	—	—	—
Interest expense	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.3
Net interest income	−0.2	−0.2	−0.2	−0.2	−0.2	−0.1	−0.1	−0.1	−0.1	−0.1	−0.1	−0.1	−0.1	−0.1	−0.1	—	—	—
Income before tax	0.6	1.3	1.2	0.8	1.2	1.3	1.7	0.8	2.0	1.7	1.7	1.4	1.8	1.4	1.7	1.9	2.0	2.1
Income tax	0.2	0.4	0.3	0.1	0.3	0.2	0.4	0.2	0.6	0.4	0.4	0.3	0.4	0.3	0.4	0.5	0.5	0.5
Net income	0.3	0.8	1.1	0.9	3.2	2.1	1.4	0.9	1.6	1.3	1.2	1.1	1.4	1.0	1.3	1.1	1.6	1.6
Diluted EPS	$1.01	$2.31	$3.44	$3.03	$11.13	$7.52	$5.14	$3.27	$6.18	$5.47	$5.22	$4.45	$6.01	$4.32	$5.35	$4.75	$6.94	$7.00
Diluted shares (average)	331m	332m	319m	310m	290m	280m	274m	267m	258m	245m	238m	238m	239m	237m	237m	235m	227m	224m
EBITDA	1.7	2.2	2.1	2.0	2.4	2.6	2.7	2.8	2.8	2.6	2.8	2.6	2.7	2.5	3.2	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

PPG Industries: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	3,729	3,684	4,195	4,082	3,914	3,930	4,495	4,353
Cost of revenue	2,216	2,142	2,432	2,426	2,316	2,275	2,687	2,589
Gross profit	1,513	1,542	1,763	1,656	1,598	1,655	1,808	1,764
Research and development	130	102	106	106	132	113	107	106
Selling, general and administrative	835	838	872	824	905	885	931	876
Operating income	—	607	743	689	—	636	743	757
Interest expense	57	56	62	65	58	61	71	67
Income before tax	81	502	598	556	389	517	569	631
Income tax	70	122	140	118	78	132	127	153
Net income	−280	373	450	453	300	382	437	451
Diluted EPS	−$1.18	$1.63	$1.98	$2.00	$1.34	$1.70	$1.95	$2.02
EBITDA	—	728	845	795	—	768	851	865

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from PPG Industries's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to PPG Industries.