The financials
Waste Management by the numbers
Waste Management (WM) reported revenue of $6.68B in Q2 2026 (quarter ended Jun 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 Q2 2026 was Commercial at $1.49B, 22% of the disclosed total, ahead of Landfill at 15%.
| 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 | $1.49B | 22% |
| Landfill | $1.00B | 15% |
| Residential | $911M | 14% |
| Other Collection | $849M | 13% |
| Industrial | $820M | 12% |
| Healthcare Solutions | $638M | 9.5% |
| Transfer | $410M | 6.1% |
| Recycling Processing And Sales | $403M | 6.0% |
| Renewable Energy | $157M | 2.3% |
| Service Other | $7.0M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $6.68B (+7.3%)
Renewable Energy grew +37% year on yearLandfill -3.1% year on year
Segment Latestquarter on quarteryear on year
- Commercial$1.49B$1.49BQoQ +3.9%year on year +6.2%+3.9%+6.2%
- Landfill$1.00B$1.00BQoQ +16%year on year -3.1%+16%-3.1%
- Residential$911.0M$911.0MQoQ +2.6%year on year +4.5%+2.6%+4.5%
- Other Collection$849.0M$849.0MQoQ +6.9%year on year +6.7%+6.9%+6.7%
- Industrial$820.0M$820.0MQoQ +8.2%year on year +3.8%+8.2%+3.8%
- Healthcare Solutions$638.0M$638.0MQoQ +3.9%year on year -1.2%+3.9%-1.2%
- Transfer$410.0M$410.0MQoQ +18%year on year +5.4%+18%+5.4%
- Recycling Processing And Sales$403.0M$403.0MQoQ +9.5%year on year +5.8%+9.5%+5.8%
- Renewable Energy$157.0M$157.0MQoQ -1.3%year on year +37%-1.3%+37%
- Service Other$7.0M$7.0MQoQ +40%year on year 0.00%+40%0.00%
Industrials
Ranks #172 of 337 by Smart Score