Waste Management revenue and financials
$207.88Change from previous close: +0.59%Absolute change: +$1.22
In the fiscal year ended December 2025, Waste Management reported revenue of $25.2B (+14.24% year over year). Net income was $2.71B, a net margin of 10.7%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +14.24%
- 2025 vs 2024
- Net income growth
- −1.38%
- 2025 vs 2024
- Net margin
- 10.7%
- 2024: 12.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 6,684 | 6,227 | 6,313 | 6,443 | 6,430 | 6,018 | 5,893 | 5,609 | 5,402 | 5,159 | 5,217 | 5,198 |
| Cost of revenue | 3,955 | 3,694 | 3,693 | 3,833 | 3,803 | 3,612 | 3,553 | 3,399 | 3,291 | 3,140 | 3,146 | 3,188 |
| Gross profit | 2,729 | 2,533 | 2,620 | 2,610 | 2,627 | 2,406 | 2,340 | 2,210 | 2,111 | 2,019 | 2,071 | 2,010 |
| Selling, general and administrative | 683 | 707 | 585 | 665 | 696 | 687 | 587 | 525 | 501 | 491 | 513 | 470 |
| Operating income | 1,269 | 1,091 | 1,265 | 1,216 | 1,187 | 1,028 | 1,101 | 1,127 | 1,067 | 1,014 | 1,032 | 1,021 |
| EBIT | 1,269 | 1,091 | 1,265 | 1,216 | 1,187 | 1,028 | 1,101 | 1,127 | 1,067 | 1,014 | 1,032 | 1,021 |
| EBITDA | 2,007 | 1,787 | 2,035 | 1,945 | 1,895 | 1,684 | 1,753 | 1,685 | 1,610 | 1,528 | 1,558 | 1,540 |
| Interest expense | 233 | 225 | 223 | 225 | 232 | 232 | 201 | 131 | 136 | 130 | 128 | 127 |
| Pre-tax income | 1,024 | 891 | 935 | 775 | 928 | 788 | 700 | 995 | 894 | 869 | 644 | 872 |
| Income tax | 238 | 168 | 193 | 172 | 201 | 151 | 102 | 235 | 214 | 162 | 175 | 210 |
| Net income | 785 | 723 | 742 | 603 | 726 | 637 | 598 | 760 | 680 | 708 | 493 | 663 |
| Net income to common shareholders | 785 | 723 | 742 | 603 | 726 | 637 | 598 | 760 | 680 | 708 | 493 | 663 |
| Basic EPS | 1.96 | 1.79 | 1.84 | 1.50 | 1.80 | 1.58 | 1.49 | 1.89 | 1.69 | 1.76 | 1.23 | 1.64 |
| Diluted EPS | 1.95 | 1.79 | 1.83 | 1.49 | 1.80 | 1.58 | 1.48 | 1.88 | 1.69 | 1.75 | 1.22 | 1.63 |
| Average shares (basic) | 402 | 403 | 403 | 403 | 403 | 402 | 402 | 402 | 401 | 402 | 402 | 404 |
| Average shares (diluted) | 402 | 404 | 405 | 404 | 404 | 404 | 404 | 403 | 403 | 404 | 404 | 406 |
| Dividend per share | 0.95 | 0.95 | 0.83 | 0.83 | 0.83 | 0.83 | 0.75 | 0.75 | 0.75 | 0.75 | 0.70 | 0.70 |