Waste Management Q1 FY26: where the revenue came from and where it went
The whole income statement of Waste Management for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 29, 2026
Revenue$6.23B
+3% year over year
Gross profit$2.53B
41% margin
Operating profit$1.11B
18% margin
Net profit$0.72B
12% margin
The numbers
| 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 |
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