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Waste Management Inc (WM) stock

WMNYSERefuse SystemsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 13/3023% above fair value
$233.45+2.55 (+1.10%)

Close on Oct 30, 2026Market cap $93.31BP/E 33.1Yield 1.41%

Earnings

Waste Management's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 27, 2027
Q4 FY2026 · estimated, during market hours
Revenue, Q3 FY2026
$6.85B
+6.3% on a year earlier
Adjusted Diluted EPS, Q3 FY2026
$2.15
$1.49 a year earlier
Latest guidance
Raised
Oct 27, 2026 · 3 items

Quarterly results

Revenue and earnings per share from each of Waste Management's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Jan 27, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 27, 2026after the close$6.85B+6.3%$2.05$2.15Release
Q2 FY2026ended Jun 30, 2026Jul 28, 2026during market hours$6.68B+4.0%$1.95–Release
Q1 FY2026ended Mar 31, 2026Apr 28, 2026during market hours$6.23B+3.5%$1.79$1.81Release
Q4 FY2025ended Dec 31, 2025Jan 28, 2026during market hours$6.31B+7.1%$1.83$1.93Release
Q3 FY2025ended Sep 30, 2025Oct 27, 2025during market hours$6.44B+14.9%$1.49–Release
Q2 FY2025ended Jun 30, 2025Jul 28, 2025during market hours$6.43B–$1.80$1.92Release
Q1 FY2025ended Mar 31, 2025Apr 28, 2025during market hours$6.02B+16.7%$1.58$1.67Release
Q4 FY2024ended Dec 31, 2024Jan 30, 2025during market hours$5.89B+13.0%$1.48$1.70Release
Q3 FY2024ended Sep 30, 2024Oct 28, 2024during market hours$5.61B+7.9%$1.88$1.96Release
Q1 FY2024ended Mar 31, 2024Apr 25, 2024during market hours$5.16B+5.5%$1.75$1.75Release
Q4 FY2023ended Dec 31, 2023Feb 13, 2024during market hours$5.22B+5.7%$1.22$1.74Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Waste Management's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
revenueGAAPFY2026$26.28B – $26.48B–NewOct 27, 2026
RevenueFY2026$26.28B – $26.48B$26.43B – $26.63BLoweredJul 28, 2026
adjusted operating EBITDA marginnon-GAAPFY202631% – 31.2%30.8% – 31%RaisedJul 28, 2026
adjusted operating EBITDAnon-GAAPFY2026$8.15B – $8.25B$600.00M – $640.00MRaisedOct 27, 2026
adjusted operating EBITDAnon-GAAPFY2026$8.15B – $8.25B$8.15B – $8.25BReaffirmedJul 28, 2026
free cash flownon-GAAPFY2026$3.75B – $3.85B–NewOct 27, 2026
free cash flownon-GAAPFY2026$3.75B – $3.85B$3.75B – $3.85BReaffirmedJul 28, 2026
Sustainability growth capitalFY2026$200.00M–LoweredJan 28, 2026
Total Sustainability Growth Capitalnon-GAAPFY2026$120.00M – $170.00M–NewJan 30, 2025
anticipated run-rate synergiesnon-GAAPFY2027$300.00M–NewJul 28, 2025
Sustainability Growth Operating EBITDAnon-GAAPFY2027$760.00M – $800.00M–NewJan 30, 2025

Guidance vs results

The last range Waste Management gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2025Revenue$25.28B$25.20BΣ4QBelow range

Guidance history

Every forecast Waste Management put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 27, 2026adjusted operating EBITDAFY2026$8.15B – $8.25BRaised
Oct 27, 2026free cash flowFY2026$3.75B – $3.85BNew
Oct 27, 2026revenueFY2026$26.28B – $26.48BNew
Jul 28, 2026adjusted operating EBITDAFY2026$8.15B – $8.25BReaffirmed
Jul 28, 2026free cash flowFY2026$3.75B – $3.85BReaffirmed
Jul 28, 2026adjusted operating EBITDA marginFY202631% – 31.2%Raised
Jul 28, 2026RevenueFY2026$26.28B – $26.48BLowered
Apr 28, 2026Free cash flowFY2026$3.75B – $3.85BReaffirmed
Jan 28, 2026Sustainability growth capitalFY2026$200.00MLowered
Jan 28, 2026Capital to support the businessFY2026$2.45B – $2.55BNew
Jan 28, 2026Adjusted operating EBITDAFY2026$8.15B – $8.25BNew
Jan 28, 2026Free cash flowFY2026$3.75B – $3.85BReaffirmed
Jan 28, 2026Adjusted operating EBITDA marginFY202630.8% – 31%New
Jan 28, 2026RevenueFY2026$26.43B – $26.63BNew
Oct 27, 2025adjusted operating EBITDAFY2025$7.48B – $7.63BReaffirmed
Oct 27, 2025free cash flowFY2026$3.80BNew
Oct 27, 2025Free cash flowFY2025$2.80B – $2.90BReaffirmed
Oct 27, 2025Projected adjusted operating EBITDA marginFY202529.6% – 30.2%Raised
Oct 27, 2025Total Company revenueFY2025$25.28BLowered
Jul 28, 2025anticipated run-rate synergiesFY2027$300.00MNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Waste Management filed with the SEC as exhibits to Form 8-K or 6-K

  1. WM Announces Third Quarter 2026
    Results
  2. — August 26, 2026 — WM (NYSE: WM) announced that Jim Fish, Chief Executive Officer and a member of the Board of Directors,
    Update
  3. Announces Second Quarter 2026 Earnings
    Results
  4. WM Announces First Quarter 2026
    Results
  5. Focus on Operational Excellence Drives the
    Results
  6. WM Announces Third Quarter 2025 Earnings
    Results
  7. Announces Second Quarter 2025 Earnings
    Results
  8. — June 24, 2025 — WM (NYSE: WM) will host its
    Update
  9. NOTE: Please refer to the yellow box in the upper right corner for
    Update
  10. Announces First Quarter 2025 Earnings
    Results
  11. WM Announces Fourth Quarter and
    Results
  12. WM Completes Acquisition of Stericycle
    Update
  13. WM Announces Third Quarter 2024 Earnings
    Results
  14. Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.’s $500 million Outstanding 3.875% Senior Notes Due
    News
  15. WM Announces Second Quarter 2024
    Results