Waste Management (WM) Q3 FY2026 earnings: revenue $6.8 billion, up 6.3% on the year

Waste Management Inc. (WM) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 27 October 2026. Revenue was $6.8 billion, up 6.3% on the same quarter a year earlier. Net income was $820 million, up 36.0% on the year, and diluted earnings per share $2.05. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$6.8 billionup 6.3%

Net income$820 millionup 36.0%

Diluted EPS$2.05$1.49 a year earlier

QuarterQ3 FY2026ended 30 September 2026

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	6,846	6,684	6,443	+6.3%
Net income	820	785	603	+36.0%
Diluted EPS	$2.05	$1.95	$1.49	+37.6%

$ million except per share.

Q3 FY2026 is from the company's press release of 27 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025 †	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	4,665	4,678	4,661	5,027	5,075	4,935	4,892	5,119	5,198	5,217	5,159	5,402	5,609	5,893	6,018	6,430	6,443	6,313	6,227	6,684
Cost of revenue	2,906	2,955	2,903	3,142	3,156	3,093	3,086	3,186	3,188	3,146	3,140	3,291	3,399	3,553	3,612	3,803	3,833	3,693	3,694	3,955
Gross profit	1,759	1,723	1,758	1,885	1,919	1,842	1,806	1,933	2,010	2,071	2,019	2,111	2,210	2,340	2,406	2,627	2,610	2,620	2,533	2,729
Gross margin	38%	37%	38%	37%	38%	37%	37%	38%	39%	40%	39%	39%	39%	40%	40%	41%	41%	42%	41%	41%
SG&A	469	492	491	487	473	487	476	467	470	513	491	501	525	747	687	696	665	674	707	683
Operating income	806	718	768	890	942	765	825	944	1,021	785	1,016	1,009	1,119	919	1,013	1,151	989	1,155	1,113	1,253
Operating margin	17%	15%	16%	18%	19%	16%	17%	18%	20%	15%	20%	19%	20%	16%	17%	18%	15%	18%	18%	19%
Pre-tax income	706	642	671	776	828	643	696	809	872	644	869	894	995	700	788	928	775	935	891	1,024
Tax rate	24%	21%	23%	24%	23%	22%	24%	24%	24%	27%	19%	24%	24%	15%	19%	22%	22%	21%	19%	23%
Net income	538	506	513	587	639	499	533	615	663	493	708	680	760	598	637	726	603	742	723	785
Net margin	12%	11%	11%	12%	13%	10%	11%	12%	13%	9%	14%	13%	14%	10%	11%	11%	9%	12%	12%	12%
Diluted EPS	$1.28	$1.19	$1.23	$1.41	$1.54	$1.21	$1.30	$1.51	$1.63	$1.22	$1.75	$1.69	$1.88	$1.48	$1.58	$1.80	$1.49	$1.83	$1.79	$1.95
Operating cash flow	1,184	991	1,258	1,047	1,182	1,049	1,044	1,030	1,263	1,382	1,367	1,154	1,358	1,511	1,208	1,545	1,592	1,698	1,501	1,726
Capital expenditure	464	774	418	550	757	862	660	520	673	1,042	668	667	781	1,115	831	732	776	888	650	630
Free cash flow	720	217	840	497	425	187	384	510	590	340	699	487	577	396	377	813	816	810	851	1,096
Buybacks	500	350	250	270	541	439	350	270	370	312	250	12.0	0.0	0.0	n/a	n/a	n/a	n/a	344	659
Dividends paid	241	240	275	269	267	266	289	283	283	281	307	301	301	301	336	333	332	333	385	379
Shares outstanding	418m	416m	415m	413m	410m	408m	407m	405m	403m	402m	401m	401m	401m	402m	402m	403m	403m	403m	402m	400m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 27 October 2026 with a Form 8-K: the release.