FINHUB Insights

WM · Q2 FY25 · Apr 1 – Jun 30, 2025

Waste Management Q2 FY25: where the revenue came from and where it went

Waste Management Q2 FY25: revenue $6.4B (+19% year over year). Net profit $0.7B. Largest cohort Commercial $1.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 29, 2025 10-Q
Sankey diagram of Waste Management's income statement for Q2 FY25: revenue of $6.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$6.4B +19% year over year
Gross profit$2.6B 40% margin
Operating profit$1.2B 18% margin
Net profit$0.7B 11% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 6.4 100% +19%
Commercial 1.4 22% +5%
Landfill 1 16% +19%
Residential 0.9 14% +1%
Other Collection 0.8 12% +9%
Industrial 0.8 12% +1%
Healthcare Solutions 0.6 9%
Other 0.5 8%
Transfer 0.4 6% +12%
Cost of revenue−3.859%
Gross profit2.640% margin+1pp
SG&A−0.711%+2pp
Other−0.712%+0pp
Operating profit1.218% margin−1pp
Tax−0.3
Interest & other costs−0.2
Net profit0.711%−1pp
Filing on EDGAR More quarters of WM

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters