The financials
Waste Management by the numbers
Waste Management (WM) reported revenue of $6.68B in Q2 2026 (quarter ended June 30, 2026), up 4.0% from the same quarter a year earlier. That came with a gross margin of 41% and net income of $785M (12% of revenue). For the full year FY2025, revenue was $25.2B (+14% year on year) and net income $2.71B. Its largest product in 2026-Q1 was Commercial at $1.43B, 23% of the disclosed total, just ahead of Residential at 14%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $6.68B | $6.43B | +4.0% |
| Gross profit | $2.73B | $2.63B | +3.9% |
| Operating income | $1.25B | $1.15B | +8.9% |
| Net income | $785M | $726M | +8.1% |
| Diluted EPS | $1.95 | $1.80 | +8.3% |
| Product | Revenue | Share |
|---|---|---|
| Commercial | $1.43B | 23% |
| Residential | $888M | 14% |
| Landfill | $864M | 14% |
| Other Collection | $794M | 13% |
| Industrial | $758M | 12% |
| Healthcare Solutions | $614M | 9.9% |
| Recycling Processing And Sales | $368M | 5.9% |
| Transfer | $348M | 5.6% |
| Renewable Energy | $159M | 2.6% |
| Service Other | $5.0M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $6.23B (-3.4%)
Service Other grew +150% year on yearRecycling Processing And Sales -4.2% year on year
Segment Latestquarter on quarteryear on year
- Commercial$1.43B$1.43BQoQ +0.70%year on year +3.6%+0.70%+3.6%
- Residential$888.0M$888.0MQoQ +0.45%year on year +1.8%+0.45%+1.8%
- Landfill$864.0M$864.0MQoQ -13%year on year +2.9%-13%+2.9%
- Other Collection$794.0M$794.0MQoQ -3.1%year on year +5.4%-3.1%+5.4%
- Industrial$758.0M$758.0MQoQ -6.2%year on year +2.3%-6.2%+2.3%
- Healthcare Solutions$614.0M$614.0MQoQ -2.2%year on year -0.81%-2.2%-0.81%
- Recycling Processing And Sales$368.0M$368.0MQoQ -1.1%year on year -4.2%-1.1%-4.2%
- Transfer$348.0M$348.0MQoQ -12%year on year +3.6%-12%+3.6%
- Renewable Energy$159.0M$159.0MQoQ +38%year on year +75%+38%+75%
- Service Other$5.0M$5.0MQoQ -29%year on year +150%-29%+150%
Industrials
Ranks #106 of 332 by Smart Score