Waste Management, Inc. (WM) Financials
Key financial figures for Waste Management, Inc. (Q2 2026).
WM posted Q2 2026 revenue of $6.684 billion (+4.0%) and adjusted EPS of $2.02, while trimming full-year revenue guidance to $26.275-$26.475 billion on softer volume even as full-year adjusted operating EBITDA margin guidance was raised to 31.0-31.2%. Revenue grew 4.0% to $6.684 billion, driven by 5.7% core price growth and 3.6% Collection & Disposal yield; Collection & Disposal volume declined 1.8% (largely a wildfire-cleanup comp against Q2 2025; excluding that comp, Collection & Disposal volume was down just 0.4%). Adjusted EPS was $2.02 (GAAP diluted EPS $1.95, up from $1.80 a year ago); adjusted operating EBITDA rose to $2.067 billion at a 30.9% margin, up 40 basis points on an adjusted basis (90 bps reported), with every operating segment contributing to growth. On the outlook: Full-year 2026 outlook: adjusted operating EBITDA of $8.15-$8.25 billion (unchanged) and free cash flow of $3.75-$3.85 billion (unchanged); revenue guidance trimmed about 0.6% to $26.275-$26.475 billion on lower volume expectations, partially offset by higher energy surcharges; adjusted operating EBITDA margin guidance raised 20 basis points to 31.0%-31.2%. Figures are for Q2 2026, as Waste Management, Inc. reported them.
- Revenue
- $6.7B
- Net Income
- $786M
- EPS
- $1.96
- Total Assets
- $46.4B
- Operating Cash Flow
- $1.7B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $6.7B | $785M | $1.95 | 18.75% | $1.1B |
| Q1 FY2026 | $6.2B | $723M | $1.79 | 17.87% | $851M |
| Q4 FY2025 | $6.3B | $742M | $1.83 | 18.63% | $810M |
| Q3 FY2025 | $6.4B | $603M | $1.49 | 18.87% | $816M |
| Q2 FY2025 | $6.4B | $726M | $1.80 | 18.46% | $813M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $25.2B | $2.7B | $6.70 | 18.28% | $2.8B |
| FY2024 | $22.1B | $2.7B | $6.81 | 18.81% | $2.2B |
| FY2023 | $20.4B | $2.3B | $5.66 | 18.72% | $1.8B |
Frequently asked questions
What was Waste Management, Inc.'s revenue last quarter?
Waste Management, Inc. reported revenue of $6.68 billion for Q2 FY2026, up 4.0% from the same period a year earlier.
Is Waste Management, Inc. profitable?
Yes. Waste Management, Inc. reported net income of $785.0 million for Q2 FY2026, a net margin of 11.74% on revenue.
How has Waste Management, Inc.'s margin trended?
Operating margin was 18.75% in Q2 FY2026, compared with 18.46% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Waste Management, Inc. generate?
Waste Management, Inc. generated free cash flow of $1.10 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Waste Management, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.