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.40 S&W Ammo

.40 S&W ammo for Glocks, M&Ps, and other service pistols. Why the FBI dropped it, when it still makes sense, and the best defensive and range loads.

Neutral Mid price range
~3 months at this level
Best Price
$0.31
113 in stock Buy →
52-wk Range
$0.16$0.87
low – high
All-time Low
$0.16
Aug 2024
COVID Peak
$0.87
Jan 2022

Price History

$/round · All time
2019 avg: $0.27/rd baseline 56 monthly data points

Best Prices Now

$/rd = listed price + estimated shipping. Sorted by true cost.

Product $/rd
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 165 Gr RNFP, 500 rounds, Remanufactured
Best 165gr · RNFP · brass
$0.31 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 180 Gr RNFP, 500 rounds, Remanufactured
180gr · RNFP · brass
$0.32 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 165 Gr RNFP, 500 rounds, New
165gr · RNFP
$0.33 Buy →
40 S&W – CCI Blazer Brass 165 Grain FMJ – 1000 Rounds
165gr · FMJ · brass
$0.34 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 180 Gr RNFP, 500 rounds, New
180gr · RNFP
$0.34 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 165 Gr RNFP, 250 rounds, Remanufactured
165gr · RNFP · brass
$0.35 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 165 Gr Hollow Point (HP), 500 rounds, New
165gr · hollow point · brass
$0.35 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 180 Gr RNFP, 250 rounds, Remanufactured
180gr · RNFP · brass
$0.36 Buy →
1000 Rounds – 40 SW 165 Grain FMJ Winchester Ammo – USA40SWVP
165gr · FMJ
$0.36 Buy →
1000 Round Case – 40 Cal PMC 165 Grain FMJ Ammo – 40D
165gr · FMJ
$0.36 Buy →
1000 Round Case – 40 cal SW 180 Grain FMC-Flat Point Magtech Ammo For Sale – 40B
180gr · FMC-Flat Point
$0.36 Buy →
1000 Round Case – 40 Cal SW 180 Grain FMJ Sellier Bellot Brass Case Ammo – SB40B
180gr · FMJ · brass
$0.36 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 165 Gr RNFP, 250 rounds, New
165gr · RNFP
$0.37 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 180 Gr RNFP, 250 rounds, New
180gr · RNFP
$0.37 Buy →
1000 Round Case – 40 Cal SW 180 Grain Hollow Point Sellier Bellot Ammo – SB40C
180gr · hollow point
$0.38 Buy →
900 Round Case – 40 cal SW 165 Grain FMJ Ammo by PMC in Battle Packs – 40DBP
165gr · FMJ
$0.38 Buy →
Bulk Freedom Munitions 40 Smith & Wesson Ammo- 165 Gr Hollow Point (HP), 250 rounds, New
165gr · hollow point
$0.38 Buy →
.40 S&W 180gr FMJ (250 ct.) - 250 Rounds
180gr · FMJ
$0.40 Buy →
50 Round Box – 40 SW 180 Grain FMJ Winchester Ammo – Q4238
180gr · FMJ
$0.40 Buy →
1000 Round Case – 40 SW 180 Grain Jacketed Hollow Point Magtech Ammo – 40A
180gr · Jacketed Hollow Point
$0.40 Buy →

Best .40 S&W by Use Case

Home Defense & Self-Defense

For home defense, 165gr or 180gr JHP is standard. Federal HST 180gr and Speer Gold Dot 180gr are the same loads trusted by law enforcement. The 165gr loads run slightly faster (~1,130 fps) and still expand reliably. Test 100 rounds through your specific pistol before relying on any defensive load — .40 has a reputation for being picky about feeding in some guns.

Top Picks
  • · Federal HST 180gr
  • · Speer Gold Dot 180gr
  • · Federal HST 165gr

Range & Practice

180gr FMJ is the standard range load. Blazer Brass, Federal American Eagle, and Winchester USA are reliable options in the $0.28–0.45/round range. The snap of .40 is more pronounced than 9mm — many shooters use range time specifically to work on recoil management before competitive or duty use.

Top Picks
  • · Blazer Brass 180gr FMJ
  • · Federal American Eagle 180gr FMJ
  • · Winchester USA 180gr FMJ

Competitive Shooting

In USPSA and IDPA, .40 S&W makes major power factor (170+ PF) easily with standard 180gr loads at ~950 fps. Many competitive shooters still prefer .40 for this reason — it eliminates the need for +P loads or heavier bullets to make power floor in open/limited divisions. The Glock 35 is the classic limited division gun.

Top Picks
  • · Blazer Brass 180gr FMJ
  • · Federal American Eagle 165gr FMJ
  • · Speer Lawman 180gr TMJ

Common Questions

The current best price for .40 S&W ammo is $0.31 per round. The 52-week range has been $0.16 to $0.87 per round. Pre-shortage (2019) the average was $0.27 per round.

What is .40 S&W?

.40 S&W (Smith & Wesson) was designed in 1989–1990 as a deliberate compromise. The FBI had adopted 10mm Auto after the 1986 Miami Shootout — the deadliest day in FBI history, where two agents were killed in a firefight that exposed the inadequacy of .38 Special revolvers. But 10mm at full power proved too much for many agents to handle, and the Bureau was downloading loads to reduce recoil. Those downloaded loads barely outperformed 9mm in a much larger frame.

Smith & Wesson and Winchester’s solution: take the 10mm case, shorten it by 7mm, reduce pressure slightly, and load it to specs that matched the downloaded FBI 10mm loads. The result fit in a 9mm-framed pistol with minimal modification. The .40 S&W was born in January 1990, and it moved from announcement to production in six months — one of the fastest cartridge-to-market timelines ever.

The FBI adopted it immediately. So did most major U.S. law enforcement agencies throughout the 1990s and 2000s. For about 25 years, .40 S&W was the dominant U.S. police cartridge.

The FBI switch — and what it actually means

In 2014, the FBI announced it was switching back to 9mm. The reasoning was extensively documented: ballistic testing showed modern 9mm JHPs performed comparably to .40 S&W in terminal effectiveness, while 9mm offered higher capacity, lower recoil (enabling faster accurate follow-up shots), and lower cost for training. The FBI published a lengthy technical memo supporting the decision.

Most agencies followed. The institutional shift was decisive enough that .40 S&W stopped being specified in new department RFPs. Glock production of .40 models slowed significantly.

The practical result: a large surplus of used .40-caliber pistols hit the market at discounted prices. A used Glock 22 or M&P40 that might have sold for $500 when new often runs $350–400 used. The guns themselves are identical in quality — only the caliber fell out of institutional fashion.

.40 S&W vs. 9mm: the honest accounting

.40 S&W9mm
Typical defensive velocity (4” bbl)950–1,130 fps1,050–1,200 fps
Typical muzzle energy370–450 ft-lbs350–420 ft-lbs
Typical capacity (full-size)13–15 rds15–17 rds
RecoilSharp, snappyMilder
Training ammo cost~30% more than 9mmBaseline
Used gun pricesDepressed (opportunity)Normal market

Terminal performance in FBI-protocol gel testing is genuinely similar between modern JHP loads in 9mm and .40 S&W. The gap isn’t large enough to be a practical consideration. The .40 penalty is in capacity and shootability — two rounds less and more recoil affect real-world performance more than the marginal energy difference.

Where .40 still makes sense:

  • You bought a used .40 pistol at a significant discount
  • You need to make major power factor for competitive shooting
  • You’re already proficient with the caliber and don’t want to retrain

Where it doesn’t:

  • You’re buying new and selecting the caliber fresh — buy 9mm
  • You’re running a budget training program — 9mm is cheaper

Ballistics data

From a 4-inch barrel:

LoadVelocityEnergyNotes
Federal HST 180gr~1,010 fps~408 ft-lbsStandard FBI protocol load
Federal HST 165gr~1,130 fps~469 ft-lbsSlightly higher velocity
Speer Gold Dot 180gr~1,025 fps~420 ft-lbsLE standard, bonded
Winchester PDX1 165gr~1,140 fps~476 ft-lbsBonded JHP
Blazer Brass 180gr FMJ~985 fps~388 ft-lbsDownloaded practice

FBI gel data

FBI protocol (10% gel, 4 denim layers, 4” barrel):

LoadVelocityPenetrationExpanded Diameter
Federal HST 180gr~1,010 fps14.8”0.76”
Speer Gold Dot 180gr~1,025 fps14.2”0.71”
Federal HST 165gr~1,130 fps13.4”0.74”
Winchester PDX1 165gr~1,140 fps13.9”0.73”
Hornady Critical Defense 165gr~1,175 fps12.8”0.66”

The 180gr HST and Gold Dot perform very well — consistent expansion, deep penetration. This is legitimately good terminal performance, comparable to the top 9mm loads.

Brand guide

Federal HST 180gr — the LE standard, same load issued to federal agents. Deep penetration, consistent expansion. ~$0.85–1.20/rd.

Speer Gold Dot 180gr — bonded construction, high retained weight. The other half of the law enforcement market. ~$0.85–1.20/rd.

Federal HST 165gr — slightly higher velocity than 180gr, still reliable expansion. ~$0.85–1.20/rd.

Winchester PDX1 165gr — bonded bullet, wide distribution, solid performer. ~$0.80–1.15/rd.

Hornady Critical Defense 165gr FTX — polymer tip for reliable expansion, widely available. ~$0.80–1.15/rd.

Blazer Brass 180gr FMJ — cheapest reliable practice ammo. ~$0.28–0.40/rd.

Federal American Eagle 180gr FMJ — brass case, cleaner than steel or aluminum, consistent. ~$0.30–0.42/rd.

Speer Lawman 180gr TMJ — total metal jacket (fully enclosed base), popular for indoor ranges with strict lead rules. ~$0.35–0.48/rd.

Price guide (2025–2026)

CategoryGood dealFairOverpaying
FMJ practice (brass case)$0.28–0.40/rd$0.40–0.55/rd$0.65+/rd
Defensive JHP$0.75–1.00/rd$1.00–1.30/rd$1.50+/rd
LE-spec (HST, Gold Dot)$0.85–1.15/rd$1.15–1.45/rd$1.65+/rd

.40 S&W practice ammo costs roughly 25–35% more than equivalent 9mm. If you shoot 500 rounds a month for training, that’s a meaningful number.

Firearms chambered in .40 S&W

  • Glock 22 (full-size, 15+1), Glock 23 (compact, 13+1), Glock 27 (subcompact, 9+1), Glock 35 (competition long slide) — the most common .40 platforms; excellent used market availability
  • Smith & Wesson M&P40, M&P40 2.0 — ergonomic, widely used by law enforcement
  • Sig Sauer P226, P229 — DA/SA, excellent build quality, popular with federal agencies
  • HK USP .40, P2000 — German manufacturing, DA/SA
  • Springfield XD/XDM .40 — higher capacity than many, grip safety
  • Walther PPQ M2 .40 — excellent trigger for the platform
  • Beretta 96 series — .40-caliber version of the 92 series, 12+1
  • CZ 75 .40 — less common but excellent ergonomics

The Glock 22 and M&P40 dominate the used market — ex-police guns at significant discounts, generally well-maintained under armorer programs.

Last updated: April 21, 2026
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.40 S&W Stats
Best price
$0.31/rd
Avg tracked
$0.86/rd
vs 1 year ago
↓25.1%
52-wk low
$0.16/rd
52-wk high
$0.87/rd
2019 avg
$0.27/rd
Shortage peak
$0.87/rd
Products tracked
113
Retailers stocking
5
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