FINHUB Insights

WM · Q3 FY25 · Jul 1 – Sep 30, 2025

Waste Management Q3 FY25: where the revenue came from and where it went

Waste Management Q3 FY25: revenue $6.4B (+15% year over year). Net profit $0.6B. Largest cohort Commercial $1.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 28, 2025 10-Q
Sankey diagram of Waste Management's income statement for Q3 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 +15% year over year
Gross profit$2.6B 41% margin
Operating profit$1B 15% margin
Net profit$0.6B 9% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 6.4 100% +15%
Commercial 1.4 22% +4%
Landfill 1 16% +8%
Residential 0.9 14% +1%
Other Collection 0.8 12% +7%
Industrial 0.8 12% +1%
Healthcare Solutions 0.6 9%
Other 0.5 8%
Transfer 0.4 6% +8%
Cost of revenue−3.859%
Gross profit2.641% margin+1pp
SG&A−0.710%+1pp
Other−115%+0pp
Operating profit115% margin−5pp
Tax−0.2
Interest & other costs−0.2
Net profit0.69%−4pp
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