Waste Management, Inc. (WM)

Waste Management Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	6,313	6,443	6,430	6,018	5,893	5,609	5,402	5,159	5,217	5,198	5,119	4,892	4,935	5,075	5,027	4,661	4,678	4,665	4,476	4,112
Revenue Growth (YoY)	7.13%	14.87%	19.03%	16.65%	12.96%	7.91%	5.53%	5.46%	5.71%	2.42%	1.83%	4.96%	5.49%	8.79%	12.31%	13.35%	15.02%	20.82%	25.70%	10.27%
Cost of Revenue	3,693	3,833	3,839	3,647	3,553	3,399	3,291	3,140	3,146	3,188	3,186	3,086	3,093	3,156	3,142	2,903	2,955	2,906	2,736	2,514
Gross Profit	2,620	2,610	2,591	2,371	2,340	2,210	2,111	2,019	2,071	2,010	1,933	1,806	1,842	1,919	1,885	1,758	1,723	1,759	1,740	1,598
Selling, General & Admin	674	665	696	687	747	525	501	491	513	470	467	476	487	473	487	491	492	469	445	458
Depreciation & Amortization Expenses	770	729	708	656	652	558	543	514	526	519	521	505	545	503	508	482	510	517	500	472
Other Operating Expenses	21	227	36	15	22	8	58	0	247	-	1	0	45	1	1	17	3	-33	4	18
Total Operating Expenses	1,465	1,621	1,440	1,358	1,421	1,091	1,102	1,005	1,286	989	989	981	1,077	977	996	990	1,005	953	949	948
Operating Income	1,155	989	1,151	1,013	919	1,119	1,009	1,016	785	1,021	944	825	765	942	890	768	718	806	791	650
Interest Expense	-223	-225	-232	-232	-201	-131	-136	-130	-128	-127	-125	-120	-109	-91	-93	-85	-83	-87	-98	-97
Other Non-Operating Income (Expense)	3	11	9	7	-10	7	21	-17	-13	-22	-10	-9	-13	-23	-21	-12	7	-13	-237	-8
Total Non-Operating Income (Expense)	-220	-214	-223	-225	-211	-124	-115	-147	-141	-149	-135	-129	-122	-114	-114	-97	-76	-100	-335	-105
Pretax Income	935	775	928	788	700	995	894	869	644	872	809	696	643	828	776	671	642	706	456	545
Provision for Income Taxes	193	172	201	151	102	235	214	162	175	210	196	164	143	189	189	157	136	167	105	124
Net Income	742	603	726	637	598	760	680	708	493	663	615	533	499	639	587	513	506	538	351	421
Minority Interest in Earnings	1	1	1	-	1	-	-	-1	-24	-1	-2	-1	1	-	-	1	1	1	-	-
Net Income to Common	742	603	726	637	598	760	680	708	493	663	615	533	499	639	587	513	506	538	351	421
Net Income Growth	24.08%	-20.66%	6.77%	-10.03%	21.30%	14.63%	10.57%	32.83%	-1.20%	3.76%	4.77%	3.90%	-1.38%	18.77%	67.24%	21.85%	15.53%	37.95%	14.33%	16.62%
Shares Outstanding (Basic)	403	403	403	402	402	402	401	402	402	404	406	407	409	412	414	416	418	420	422	423
Shares Outstanding (Diluted)	405	404	404	404	404	403	403	404	404	406	408	409	412	414	416	418	421	422	424	424
Shares Change (YoY)	0.22%	0.27%	0.27%	0.10%	-0.15%	-0.66%	-1.10%	-1.34%	-1.77%	-2.03%	-2.09%	-2.11%	-2.16%	-1.82%	-1.70%	-1.53%	-1.06%	-0.61%	-0.07%	-0.49%
EPS (Basic)	1.84	1.50	1.80	1.58	1.49	1.89	1.70	1.76	1.23	1.64	1.52	1.31	1.22	1.55	1.42	1.24	1.21	1.28	0.83	1.00
EPS (Diluted)	1.83	1.49	1.80	1.58	1.48	1.88	1.69	1.75	1.22	1.63	1.51	1.30	1.21	1.54	1.41	1.23	1.20	1.28	0.83	0.99
EPS Growth	23.65%	-20.75%	6.51%	-9.71%	21.31%	15.34%	11.92%	34.62%	0.83%	5.84%	7.09%	5.69%	0.83%	20.31%	69.88%	24.24%	16.50%	39.13%	15.28%	16.47%
Free Cash Flow	810	816	813	377	396	577	487	699	340	590	510	384	187	425	497	840	217	720	647	850
Free Cash Flow Growth	104.55%	41.42%	66.94%	-46.07%	16.47%	-2.20%	-4.51%	82.03%	81.82%	38.82%	2.62%	-54.29%	-13.83%	-40.97%	-23.18%	-1.18%	-39.55%	4.96%	54.05%	177.78%
Free Cash Flow Per Share	2.00	2.02	2.01	0.93	0.98	1.43	1.21	1.73	0.84	1.45	1.25	0.94	0.45	1.03	1.19	2.01	0.52	1.71	1.53	2.00
Dividends Per Share	0.825	0.825	0.825	0.825	0.750	0.750	0.750	0.750	0.700	0.700	0.700	0.700	0.650	0.650	0.650	0.650	0.575	0.575	0.575	0.575
Dividend Growth	10.00%	10.00%	10.00%	10.00%	7.14%	7.14%	7.14%	7.14%	7.69%	7.69%	7.69%	7.69%	13.04%	13.04%	13.04%	13.04%	5.50%	5.50%	5.50%	5.50%
Gross Margin	41.50%	40.51%	40.30%	39.40%	39.71%	39.40%	39.08%	39.14%	39.70%	38.67%	37.76%	36.92%	37.33%	37.81%	37.50%	37.72%	36.83%	37.71%	38.87%	38.86%
Operating Margin	18.30%	15.35%	17.90%	16.83%	15.59%	19.95%	18.68%	19.69%	15.05%	19.64%	18.44%	16.86%	15.50%	18.56%	17.70%	16.48%	15.35%	17.28%	17.67%	15.81%
Profit Margin	11.75%	9.36%	11.31%	10.58%	10.15%	13.55%	12.59%	13.70%	8.99%	12.74%	11.97%	10.87%	10.13%	12.59%	11.68%	11.03%	10.82%	11.55%	7.84%	10.24%
FCF Margin	12.83%	12.66%	12.64%	6.26%	6.72%	10.29%	9.02%	13.55%	6.52%	11.35%	9.96%	7.85%	3.79%	8.37%	9.89%	18.02%	4.64%	15.43%	14.45%	20.67%
EBITDA	1,925	1,718	1,859	1,669	1,571	1,677	1,552	1,530	1,311	1,540	1,465	1,330	1,310	1,445	1,398	1,250	1,228	1,323	1,291	1,122
EBITDA Margin	30.49%	26.66%	28.91%	27.73%	26.66%	29.90%	28.73%	29.66%	25.13%	29.63%	28.62%	27.19%	26.55%	28.47%	27.81%	26.82%	26.25%	28.36%	28.84%	27.29%
EBIT	1,155	989	1,151	1,013	919	1,119	1,009	1,016	785	1,021	944	825	765	942	890	768	718	806	791	650
EBIT Margin	18.30%	15.35%	17.90%	16.83%	15.59%	19.95%	18.68%	19.69%	15.05%	19.64%	18.44%	16.86%	15.50%	18.56%	17.70%	16.48%	15.35%	17.28%	17.67%	15.81%
Effective Tax Rate	20.64%	22.19%	21.66%	19.16%	14.57%	23.62%	23.94%	18.64%	27.17%	24.08%	24.23%	23.56%	22.24%	22.83%	24.36%	23.40%	21.18%	23.65%	23.03%	22.75%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q