Waste ManagementWMEarnings & Financial Report
Waste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment, and disposal of waste, together with monitoring and regulation of the waste management process and waste-related laws, technologies, and economic mechanisms.
Revenue
$6.4B
Gross Profit
$2.6B
Operating Profit
$1.2B
Net Profit
$726.0M
Gross Margin
40.3%
Operating Margin
17.9%
Net Margin
11.3%
YoY Growth
19.0%
EPS
$1.80
Waste Management Q2 FY2025 Financial Summary
Waste Management reported revenue of $6.4B (up 19.0% YoY) for Q2 FY2025, with a net profit of $726.0M (up 6.8% YoY) (11.3% margin). Cost of goods sold was $3.8B, operating expenses totaled $1.4B.
Key Financial Metrics
| Total Revenue | $6.4B |
|---|---|
| Net Profit | $726.0M |
| Gross Margin | 40.3% |
| Operating Margin | 17.9% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Waste Management Q2 FY2025 revenue of $6.4B breaks down across 10 segments, led by Commercial at $1.4B (21.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Commercial | $1.4B | 21.7% |
| Landfill | $1.0B | 16.1% |
| Residential | $872.0M | 13.6% |
| Other Collection | $796.0M | 12.4% |
| Industrial | $790.0M | 12.3% |
| Healthcare Solutions | $646.0M | 10.0% |
| Transfer | $389.0M | 6.0% |
| Recycling Processing And Sales | $381.0M | 5.9% |
| Renewable Energy Segment | $115.0M | 1.8% |
| Service Other | $7.0M | 0.1% |
Waste Management Revenue by Segment — Quarterly Trend
Waste Management revenue by segment across the last 4 reported quarters, showing how each business line (such as Commercial and Landfill) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Commercial | — | $1.4B | $1.4B | $1.4B |
| Landfill | — | $910.0M | $995.0M | $1.0B |
| Residential | — | $882.0M | $884.0M | $872.0M |
| Other Collection | — | $807.0M | $819.0M | $796.0M |
| Industrial | — | $767.0M | $808.0M | $790.0M |
Waste Management Annual Revenue by Year
Waste Management annual revenue history includes year-by-year totals (for example, 2025 revenue was $25.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $25.2B |
| 2024 | $22.1B |
| 2023 | $20.4B |
| 2022 | $19.7B |
Waste Management Quarterly Revenue & Net Profit History
Waste Management results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $6.2B | +3.5% | $723.0M | 11.6% |
| Q4 FY2025 | $6.3B | +7.1% | $742.0M | 11.8% |
| Q3 FY2025 | $6.4B | +14.9% | $603.0M | 9.4% |
| Q2 FY2025 | $6.4B | +19.0% | $726.0M | 11.3% |
| Q1 FY2025 | $6.0B | +16.7% | $637.0M | 10.6% |
| Q4 FY2024 | $5.9B | +13.0% | $598.0M | 10.1% |
| Q3 FY2024 | $5.6B | +7.9% | $760.0M | 13.5% |
| Q2 FY2024 | $5.4B | +5.5% | $680.0M | 12.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.40B | $5.61B | $5.89B | $6.02B | $6.43B | $6.44B | $6.31B | $6.23B |
| YoY Growth | 5.5% | 7.9% | 13.0% | 16.7% | 19.0% | 14.9% | 7.1% | 3.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $34.00B | $34.73B | $44.57B | $44.49B | $45.72B | $45.61B | $45.84B | $45.70B |
| Liabilities | $26.55B | $26.76B | $36.31B | $35.84B | $36.52B | $36.09B | $35.84B | $35.68B |
| Equity | $7.46B | $7.98B | $8.25B | $8.65B | $9.20B | $9.52B | $9.99B | $10.02B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.15B | $1.36B | $1.51B | $1.21B | $1.54B | $1.59B | $1.70B | $1.50B |