Waste Management

WM Industrials Market cap $87.2B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 29, 2026

Revenue$6.68B +4% year over year

Gross profit$2.73B 41% margin

Operating profit$1.25B 19% margin

Net profit$0.79B 12% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.68	100%	+4%
Commercial	1.49	22%	+6%
Landfill	1.00	15%	−3%
Residential	0.91	14%	+4%
Other collection	0.85	13%	+7%
Industrial	0.82	12%	+4%
Healthcare solutions	0.64	10%	−1%
Other revenue	0.57	8%
Transfer	0.41	6%	+5%
Cost of revenue	−3.96	59%
Gross profit	2.73	41% margin	+0pp
SG&A	−0.68	10%	−1pp
Other	−0.79	12%	+0pp
Operating profit	1.25	19% margin	+1pp
Interest & other costs	−0.23
Tax	−0.24
Net profit	0.79	12% margin

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.23	100%	+3%
Commercial	1.43	23%	+4%
Residential	0.89	14%	+2%
Landfill	0.86	14%	+3%
Other collection	0.79	13%	+5%
Industrial	0.76	12%	+2%
Healthcare solutions	0.61	10%	−1%
Other revenue	0.51	8%
Recycling processing	0.37	6%	−4%
Cost of revenue	−3.69	59%
Gross profit	2.53	41% margin	+1pp
SG&A	−0.71	11%	+0pp
Other	−0.71	12%	+0pp
Operating profit	1.11	18% margin	+1pp
Interest & other costs	−0.22
Tax	−0.17
Net profit	0.72	12% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.31	100%	+7%
Collection & disposal	5.18	82%	+4%
Healthcare solutions	0.62	10%
Recycling processing	0.36	6%	−11%
Renewable energy	0.16	2%	+69%
Corporate & other	0.01	0%	+20%
Cost of revenue	−3.76	60%
Gross profit	2.55	40% margin	+1pp
SG&A	−0.67	11%	−2pp
Other	−0.72	11%	+0pp
Operating profit	1.16	18% margin	+3pp
Interest & other costs	−0.22
Tax	−0.19
Net profit	0.74	12% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.44	100%	+15%
Commercial	1.42	22%	+4%
Landfill	1.00	15%	+8%
Residential	0.88	14%	+1%
Other collection	0.82	13%	+7%
Industrial	0.81	12%	+1%
Healthcare solutions	0.63	10%
Other revenue	0.49	8%
Transfer	0.40	6%	+8%
Cost of revenue	−3.83	59%
Gross profit	2.61	41% margin	+1pp
SG&A	−0.67	10%	+1pp
Other	−0.96	15%	+0pp
Operating profit	0.99	15% margin	−5pp
Interest & other costs	−0.21
Tax	−0.17
Net profit	0.60	9% margin	−4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.43	100%	+19%
Commercial	1.40	22%	+5%
Landfill	1.04	16%	+19%
Residential	0.87	14%	+1%
Other collection	0.80	12%	+9%
Industrial	0.79	12%	+1%
Healthcare solutions	0.65	10%
Other revenue	0.50	8%
Transfer	0.39	6%	+12%
Cost of revenue	−3.80	59%
Gross profit	2.63	41% margin	+2pp
SG&A	−0.70	11%	+2pp
Other	−0.78	12%	+0pp
Operating profit	1.15	18% margin	−1pp
Interest & other costs	−0.22
Tax	−0.20
Net profit	0.73	11% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 29, 2026 Operating margin 19% Net profit $0.79B	Apr 1 – Jun 30, 2026	Jul 29, 2026	$6.68B	+4%	19%	$0.79B	12%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 29, 2026 Operating margin 18% Net profit $0.72B	Jan 1 – Mar 31, 2026	Apr 29, 2026	$6.23B	+3%	18%	$0.72B	12%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 9, 2026 Operating margin 18% Net profit $0.74B	Oct 1 – Dec 31, 2025	Feb 9, 2026	$6.31B	+7%	18%	$0.74B	12%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 28, 2025 Operating margin 15% Net profit $0.60B	Jul 1 – Sep 30, 2025	Oct 28, 2025	$6.44B	+15%	15%	$0.60B	9%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 29, 2025 Operating margin 18% Net profit $0.73B	Apr 1 – Jun 30, 2025	Jul 29, 2025	$6.43B	+19%	18%	$0.73B	11%