{ "ticker": "WM", "cik": "0000823768", "company": "Waste Management, Inc.", "business_type": "industrial", "schema_template": "standard industrial (environmental services): operating revenues, operating costs by line, income from operations, net income attributable to Waste Management, Inc., EPS and diluted shares; cash, debt, assets, equity; operating cash flow, capital expenditures, free cash flow; segment net operating revenues and income from operations", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual US dollars (not millions); share counts in actual shares; per-share amounts in dollars", "units_notes_seen": { "FY2025 10-K consolidated balance sheets": "(In Millions, Except Share and Par Value Amounts)", "FY2025 10-K consolidated statements of operations": "(In Millions, Except per Share Amounts)", "FY2025 10-K consolidated statements of cash flows": "(In Millions)", "FY2025 10-K Note 15, Earnings Per Share": "shares in millions", "FY2025 10-K MD&A free cash flow reconciliation": "(in millions)", "FY2025 10-K segment information table": "(in millions)", "Q3 2026 10-Q condensed consolidated balance sheets": "(In Millions, Except Share and Par Value Amounts)", "Q3 2026 10-Q condensed consolidated statements of operations": "(In Millions, Except per Share Amounts)", "Q3 2026 10-Q condensed consolidated statements of cash flows": "(In Millions)", "Q3 2026 10-Q Note 5, Earnings Per Share": "shares in millions", "Q3 2026 10-Q Note 7, Segment and Related Information": "(in millions)", "Q3 2026 10-Q MD&A free cash flow reconciliation": "(in millions)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "none; Waste Management reports in US dollars", "note": "No stock split falls within the periods shown, and Waste Management's common stock trades directly on the New York Stock Exchange (no ADR), so no per-share adjustment was applied." }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2025-01-01", "period_end": "2025-12-31", "period_type": "fiscal year", "source_accession": "0001104659-26-012049", "income_statement": { "operating_revenues": 25204000000, "operating_costs": 15012000000, "selling_general_and_administrative": 2722000000, "depreciation_depletion_and_amortization": 2863000000, "restructuring": 51000000, "divestitures_asset_impairments_and_unusual_items_net": 248000000, "total_costs_and_expenses": 20896000000, "income_from_operations": 4308000000, "interest_expense_net": -912000000, "income_before_income_taxes": 3426000000, "income_tax_expense": 717000000, "consolidated_net_income": 2709000000, "net_income_attributable_to_noncontrolling_interests": 1000000, "net_income_attributable_to_waste_management": 2708000000, "basic_eps": 6.72, "diluted_eps": 6.7, "weighted_average_basic_shares": 402700000, "weighted_average_diluted_shares": 404200000 }, "balance_sheet": { "cash_and_cash_equivalents": 201000000, "accounts_receivable_net": 3435000000, "total_current_assets": 4910000000, "property_and_equipment_net": 20378000000, "goodwill": 13880000000, "other_intangible_assets_net": 3767000000, "total_assets": 45835000000, "accounts_payable": 1867000000, "current_portion_of_long_term_debt": 711000000, "total_current_liabilities": 5524000000, "long_term_debt_less_current_portion": 22196000000, "landfill_and_environmental_remediation_liabilities": 3278000000, "total_liabilities": 35844000000, "total_waste_management_stockholders_equity": 9990000000, "noncontrolling_interests": 1000000, "total_equity": 9991000000, "total_debt": 22907000000 }, "cash_flow": { "operating_cash_flow": 6043000000, "acquisitions_of_businesses_net_of_cash_acquired": -395000000, "capital_expenditures": -3227000000, "proceeds_from_divestitures_net": 121000000, "net_cash_used_in_investing_activities": -3566000000, "common_stock_repurchases": 0, "cash_dividends_paid": -1334000000, "net_cash_from_financing_activities": -2673000000, "free_cash_flow_as_defined_by_company": 2937000000, "free_cash_flow": 2816000000 }, "segments": { "east_tier": { "net_operating_revenues": 9037000000, "income_from_operations": 2904000000 }, "west_tier": { "net_operating_revenues": 8718000000, "income_from_operations": 2889000000 }, "other_ancillary": { "net_operating_revenues": 2949000000, "income_from_operations": -16000000 }, "collection_and_disposal": { "net_operating_revenues": 20704000000, "income_from_operations": 5777000000 }, "recycling_processing_and_sales": { "net_operating_revenues": 1492000000, "income_from_operations": -80000000 }, "renewable_energy": { "net_operating_revenues": 478000000, "income_from_operations": 135000000 }, "healthcare_solutions": { "net_operating_revenues": 2508000000, "income_from_operations": -88000000 }, "corporate_and_other": { "net_operating_revenues": 22000000, "income_from_operations": -1436000000 } } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2024-01-01", "period_end": "2024-12-31", "period_type": "fiscal year", "source_accession": "0001104659-26-012049", "income_statement": { "operating_revenues": 22063000000, "operating_costs": 13383000000, "selling_general_and_administrative": 2264000000, "depreciation_depletion_and_amortization": 2267000000, "restructuring": 4000000, "divestitures_asset_impairments_and_unusual_items_net": 82000000, "total_costs_and_expenses": 18000000000, "income_from_operations": 4063000000, "interest_expense_net": -598000000, "income_before_income_taxes": 3458000000, "income_tax_expense": 713000000, "consolidated_net_income": 2745000000, "net_income_attributable_to_noncontrolling_interests": -1000000, "net_income_attributable_to_waste_management": 2746000000, "basic_eps": 6.84, "diluted_eps": 6.81, "weighted_average_basic_shares": 401500000, "weighted_average_diluted_shares": 403400000 }, "balance_sheet": { "cash_and_cash_equivalents": 414000000, "accounts_receivable_net": 3272000000, "total_current_assets": 4774000000, "property_and_equipment_net": 19340000000, "goodwill": 13438000000, "other_intangible_assets_net": 4188000000, "total_assets": 44567000000, "accounts_payable": 2046000000, "current_portion_of_long_term_debt": 1359000000, "total_current_liabilities": 6258000000, "long_term_debt_less_current_portion": 22541000000, "landfill_and_environmental_remediation_liabilities": 3048000000, "total_liabilities": 36313000000, "total_waste_management_stockholders_equity": 8252000000, "noncontrolling_interests": 2000000, "total_equity": 8254000000, "total_debt": 23900000000 }, "cash_flow": { "operating_cash_flow": 5390000000, "acquisitions_of_businesses_net_of_cash_acquired": -7488000000, "capital_expenditures": -3231000000, "proceeds_from_divestitures_net": 158000000, "net_cash_used_in_investing_activities": -10601000000, "common_stock_repurchases": -262000000, "cash_dividends_paid": -1210000000, "net_cash_from_financing_activities": 5155000000, "free_cash_flow_as_defined_by_company": 2317000000, "free_cash_flow": 2159000000 }, "segments": { "east_tier": { "net_operating_revenues": 8703000000, "income_from_operations": 2760000000 }, "west_tier": { "net_operating_revenues": 8285000000, "income_from_operations": 2693000000 }, "other_ancillary": { "net_operating_revenues": 2728000000, "income_from_operations": -9000000 }, "collection_and_disposal": { "net_operating_revenues": 19716000000, "income_from_operations": 5444000000 }, "recycling_processing_and_sales": { "net_operating_revenues": 1603000000, "income_from_operations": 86000000 }, "renewable_energy": { "net_operating_revenues": 318000000, "income_from_operations": 99000000 }, "healthcare_solutions": { "net_operating_revenues": 403000000, "income_from_operations": -69000000 }, "corporate_and_other": { "net_operating_revenues": 23000000, "income_from_operations": -1497000000 } } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2023-01-01", "period_end": "2023-12-31", "period_type": "fiscal year", "source_accession": "0001104659-26-012049", "income_statement": { "operating_revenues": 20426000000, "operating_costs": 12606000000, "selling_general_and_administrative": 1926000000, "depreciation_depletion_and_amortization": 2071000000, "restructuring": 5000000, "divestitures_asset_impairments_and_unusual_items_net": 243000000, "total_costs_and_expenses": 16851000000, "income_from_operations": 3575000000, "interest_expense_net": -500000000, "income_before_income_taxes": 3021000000, "income_tax_expense": 745000000, "consolidated_net_income": 2276000000, "net_income_attributable_to_noncontrolling_interests": -28000000, "net_income_attributable_to_waste_management": 2304000000, "basic_eps": 5.69, "diluted_eps": 5.66, "weighted_average_basic_shares": 404900000, "weighted_average_diluted_shares": 406900000 }, "cash_flow": { "operating_cash_flow": 4719000000, "acquisitions_of_businesses_net_of_cash_acquired": -170000000, "capital_expenditures": -2895000000, "proceeds_from_divestitures_net": 78000000, "net_cash_used_in_investing_activities": -3091000000, "common_stock_repurchases": -1302000000, "cash_dividends_paid": -1136000000, "net_cash_from_financing_activities": -1524000000, "free_cash_flow": 1824000000 }, "segments": { "east_tier": { "net_operating_revenues": 8412000000, "income_from_operations": 2446000000 }, "west_tier": { "net_operating_revenues": 7935000000, "income_from_operations": 2383000000 }, "other_ancillary": { "net_operating_revenues": 2518000000, "income_from_operations": -8000000 }, "collection_and_disposal": { "net_operating_revenues": 18865000000, "income_from_operations": 4821000000 }, "recycling_processing_and_sales": { "net_operating_revenues": 1264000000, "income_from_operations": -44000000 }, "renewable_energy": { "net_operating_revenues": 273000000, "income_from_operations": 79000000 }, "corporate_and_other": { "net_operating_revenues": 24000000, "income_from_operations": -1281000000 } } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 3, "label": "Q3 FY2026", "period_start": "2026-07-01", "period_end": "2026-09-30", "period_type": "three months", "source_accession": "0001628280-26-067830", "income_statement": { "operating_revenues": 6846000000, "operating_costs": 4093000000, "selling_general_and_administrative": 655000000, "depreciation_depletion_amortization_and_accretion": 792000000, "restructuring": 9000000, "divestitures_asset_impairments_and_unusual_items_net": 18000000, "total_costs_and_expenses": 5567000000, "income_from_operations": 1279000000, "interest_expense_net": -237000000, "income_before_income_taxes": 1044000000, "income_tax_expense": 224000000, "consolidated_net_income": 820000000, "net_income_attributable_to_noncontrolling_interests": 0, "net_income_attributable_to_waste_management": 820000000, "basic_eps": 2.06, "diluted_eps": 2.05, "weighted_average_basic_shares": 398900000, "weighted_average_diluted_shares": 399800000 }, "balance_sheet": { "cash_and_cash_equivalents": 247000000, "accounts_receivable_net": 3662000000, "total_current_assets": 5250000000, "property_and_equipment_net": 20849000000, "goodwill": 14002000000, "other_intangible_assets_net": 3544000000, "total_assets": 46519000000, "accounts_payable": 2014000000, "current_portion_of_long_term_debt": 1524000000, "total_current_liabilities": 6386000000, "long_term_debt_less_current_portion": 21846000000, "landfill_and_environmental_remediation_liabilities": 3371000000, "total_liabilities": 36651000000, "total_waste_management_stockholders_equity": 9867000000, "noncontrolling_interests": 1000000, "total_equity": 9868000000, "total_debt": 23370000000 }, "cash_flow": { "operating_cash_flow": 1640000000, "capital_expenditures": -657000000, "free_cash_flow_as_defined_by_company": 985000000, "proceeds_from_divestitures_net": 2000000, "free_cash_flow": 983000000 }, "segments": { "east_tier": { "net_operating_revenues": 2417000000, "income_from_operations": 771000000 }, "west_tier": { "net_operating_revenues": 2354000000, "income_from_operations": 766000000 }, "other_ancillary": { "net_operating_revenues": 808000000, "income_from_operations": 5000000 }, "collection_and_disposal": { "net_operating_revenues": 5579000000, "income_from_operations": 1542000000 }, "recycling_processing_and_sales": { "net_operating_revenues": 441000000, "income_from_operations": 36000000 }, "renewable_energy": { "net_operating_revenues": 167000000, "income_from_operations": 37000000 }, "healthcare_solutions": { "net_operating_revenues": 651000000, "income_from_operations": 20000000 }, "corporate_and_other": { "net_operating_revenues": 8000000, "income_from_operations": -356000000 } } }, { "fiscal_year": 2025, "fiscal_quarter": 3, "label": "Q3 FY2025", "period_start": "2025-07-01", "period_end": "2025-09-30", "period_type": "three months", "source_accession": "0001628280-26-067830", "income_statement": { "operating_revenues": 6443000000, "operating_costs": 3798000000, "selling_general_and_administrative": 665000000, "depreciation_depletion_amortization_and_accretion": 764000000, "restructuring": 14000000, "divestitures_asset_impairments_and_unusual_items_net": 213000000, "total_costs_and_expenses": 5454000000, "income_from_operations": 989000000, "interest_expense_net": -225000000, "income_before_income_taxes": 775000000, "income_tax_expense": 172000000, "consolidated_net_income": 603000000, "net_income_attributable_to_noncontrolling_interests": 0, "net_income_attributable_to_waste_management": 603000000, "basic_eps": 1.5, "diluted_eps": 1.49, "weighted_average_basic_shares": 403000000, "weighted_average_diluted_shares": 404300000 }, "cash_flow": { "operating_cash_flow": 1592000000, "capital_expenditures": -776000000, "free_cash_flow_as_defined_by_company": 821000000, "proceeds_from_divestitures_net": 5000000, "free_cash_flow": 816000000 }, "segments": { "east_tier": { "net_operating_revenues": 2336000000, "income_from_operations": 740000000 }, "west_tier": { "net_operating_revenues": 2228000000, "income_from_operations": 728000000 }, "other_ancillary": { "net_operating_revenues": 757000000, "income_from_operations": 0 }, "collection_and_disposal": { "net_operating_revenues": 5321000000, "income_from_operations": 1468000000 }, "recycling_processing_and_sales": { "net_operating_revenues": 372000000, "income_from_operations": -137000000 }, "renewable_energy": { "net_operating_revenues": 115000000, "income_from_operations": 21000000 }, "healthcare_solutions": { "net_operating_revenues": 628000000, "income_from_operations": -21000000 }, "corporate_and_other": { "net_operating_revenues": 7000000, "income_from_operations": -342000000 } } } ], "year_to_date": { "label": "Nine months ended September 30, 2026", "period_start": "2026-01-01", "period_end": "2026-09-30", "period_type": "nine months", "source_accession": "0001628280-26-067830", "income_statement": { "operating_revenues": 19757000000, "operating_costs": 11742000000, "selling_general_and_administrative": 2045000000, "depreciation_depletion_amortization_and_accretion": 2304000000, "restructuring": 19000000, "divestitures_asset_impairments_and_unusual_items_net": 2000000, "total_costs_and_expenses": 16112000000, "income_from_operations": 3645000000, "interest_expense_net": -695000000, "income_before_income_taxes": 2959000000, "income_tax_expense": 630000000, "consolidated_net_income": 2329000000, "net_income_attributable_to_noncontrolling_interests": 1000000, "net_income_attributable_to_waste_management": 2328000000, "basic_eps": 5.8, "diluted_eps": 5.79, "weighted_average_basic_shares": 401200000, "weighted_average_diluted_shares": 402200000 }, "cash_flow": { "operating_cash_flow": 4867000000, "capital_expenditures": -1937000000, "free_cash_flow_as_defined_by_company": 3009000000, "proceeds_from_divestitures_net": 79000000, "acquisitions_of_businesses_net_of_cash_acquired": -89000000, "net_cash_used_in_investing_activities": -2059000000, "common_stock_repurchases": -1583000000, "cash_dividends_paid": -1141000000, "net_cash_from_financing_activities": -2766000000, "free_cash_flow": 2930000000 }, "segments": { "east_tier": { "net_operating_revenues": 7022000000, "income_from_operations": 2278000000 }, "west_tier": { "net_operating_revenues": 6795000000, "income_from_operations": 2264000000 }, "other_ancillary": { "net_operating_revenues": 2322000000, "income_from_operations": 10000000 }, "collection_and_disposal": { "net_operating_revenues": 16139000000, "income_from_operations": 4552000000 }, "recycling_processing_and_sales": { "net_operating_revenues": 1212000000, "income_from_operations": 91000000 }, "renewable_energy": { "net_operating_revenues": 483000000, "income_from_operations": 132000000 }, "healthcare_solutions": { "net_operating_revenues": 1903000000, "income_from_operations": 8000000 }, "corporate_and_other": { "net_operating_revenues": 20000000, "income_from_operations": -1138000000 } }, "prior_year_comparative": { "label": "Nine months ended September 30, 2025", "period_start": "2025-01-01", "period_end": "2025-09-30", "period_type": "nine months", "source_accession": "0001628280-26-067830", "income_statement": { "operating_revenues": 18891000000, "operating_costs": 11213000000, "selling_general_and_administrative": 2048000000, "depreciation_depletion_amortization_and_accretion": 2199000000, "restructuring": 39000000, "divestitures_asset_impairments_and_unusual_items_net": 239000000, "total_costs_and_expenses": 15738000000, "income_from_operations": 3153000000, "interest_expense_net": -689000000, "income_before_income_taxes": 2491000000, "income_tax_expense": 524000000, "consolidated_net_income": 1967000000, "net_income_attributable_to_noncontrolling_interests": 1000000, "net_income_attributable_to_waste_management": 1966000000, "basic_eps": 4.88, "diluted_eps": 4.87, "weighted_average_basic_shares": 402600000, "weighted_average_diluted_shares": 404000000 }, "cash_flow": { "operating_cash_flow": 4345000000, "capital_expenditures": -2339000000, "free_cash_flow_as_defined_by_company": 2114000000, "proceeds_from_divestitures_net": 108000000, "acquisitions_of_businesses_net_of_cash_acquired": -395000000, "net_cash_used_in_investing_activities": -2699000000, "common_stock_repurchases": 0, "cash_dividends_paid": -1001000000, "net_cash_from_financing_activities": -1830000000, "free_cash_flow": 2006000000 }, "segments": { "east_tier": { "net_operating_revenues": 6768000000, "income_from_operations": 2130000000 }, "west_tier": { "net_operating_revenues": 6561000000, "income_from_operations": 2164000000 }, "other_ancillary": { "net_operating_revenues": 2195000000, "income_from_operations": -20000000 }, "collection_and_disposal": { "net_operating_revenues": 15524000000, "income_from_operations": 4274000000 }, "recycling_processing_and_sales": { "net_operating_revenues": 1137000000, "income_from_operations": -95000000 }, "renewable_energy": { "net_operating_revenues": 321000000, "income_from_operations": 78000000 }, "healthcare_solutions": { "net_operating_revenues": 1893000000, "income_from_operations": -65000000 }, "corporate_and_other": { "net_operating_revenues": 16000000, "income_from_operations": -1039000000 } } } }, "trailing_twelve_months": { "label": "Twelve months ended September 30, 2026 (derived)", "period_start": "2025-10-01", "period_end": "2026-09-30", "period_type": "trailing twelve months", "source_accession": "0001628280-26-067830", "supporting_accessions": [ "0001104659-26-012049", "0001628280-26-067830" ], "derivation": "FY2025 (from the FY2025 10-K) plus the nine months ended September 30, 2026, less the nine months ended September 30, 2025 (both from the Q3 2026 10-Q)", "income_statement": { "operating_revenues": 26070000000, "income_from_operations": 4800000000, "income_before_income_taxes": 3894000000, "consolidated_net_income": 3071000000, "net_income_attributable_to_waste_management": 3070000000 }, "cash_flow": { "operating_cash_flow": 6565000000, "capital_expenditures": -2825000000, "free_cash_flow_as_defined_by_company": 3832000000, "cash_dividends_paid": -1474000000, "common_stock_repurchases": -1583000000, "free_cash_flow": 3740000000 } }, "notes": [ "Schema: a standard industrial template fitted to an environmental-services company. Waste Management prints no cost of revenue or gross profit line; its statement of operations lists operating revenues, then operating costs, selling, general and administrative expense, depreciation, restructuring and divestiture/impairment items, which are carried here under the filing's own captions.", "Sources: FY2025, FY2024 and FY2023 come from the FY2025 Form 10-K (accession 0001104659-26-012049). The third quarters of 2026 and 2025, the nine-month periods and the September 30, 2026 balance sheet come from the Form 10-Q for the quarter ended September 30, 2026 (accession 0001628280-26-067830). FY2023 carries no balance sheet because the 10-K presents year-end balance sheets for 2025 and 2024 only.", "The December 31, 2025 balance sheet printed as the comparative column in the Q3 2026 10-Q matches the FY2025 10-K balance sheet line for line, so it is stored once, under FY2025.", "Presentation change in 2026: beginning in 2026, Waste Management moved interest accretion on landfill and environmental remediation liabilities out of operating expenses and into depreciation, depletion, amortization and accretion, and the Q3 2026 10-Q recasts the 2025 comparative quarter and nine months to match. The annual figures from the 10-K are on the earlier presentation, in which the depreciation line excludes accretion (FY2025 interest accretion was $142 million per the 10-K cash flow statement) and operating costs include it. The line is therefore named depreciation_depletion_and_amortization in the annual periods and depreciation_depletion_amortization_and_accretion in the 10-Q periods, and operating_costs is not directly comparable between the annual periods and the 2025/2026 interim periods. Operating revenues, income from operations and net income are unaffected.", "Net income: net_income_attributable_to_waste_management is the figure earnings per share are computed on; consolidated_net_income also includes the small share belonging to noncontrolling interests.", "Share counts are the weighted average basic and diluted common shares from the earnings-per-share note of each filing, printed in millions and stored here as actual shares.", "Signs: cash flow outflows (capital expenditures, acquisitions, dividends, share repurchases) and interest expense, net are stored with the negative sign the statements print.", "Free cash flow: free_cash_flow is operating cash flow less total capital expenditures, computed here. free_cash_flow_as_defined_by_company is Waste Management's own non-GAAP measure as printed in its MD&A reconciliation, which also adds back proceeds from divestitures of businesses and other assets; for example, $985 million in Q3 2026 against $983 million on the plain definition. The 10-K prints the company's measure for 2025 and 2024 only, so FY2023 does not carry it.", "Three-month cash flows: the 10-Q's statement of cash flows covers the nine months only. The Q3 2026 and Q3 2025 operating cash flow, total capital expenditures, divestiture proceeds and the company's free cash flow come from the three-month columns of the free cash flow reconciliation in the same 10-Q's MD&A (total capital expenditures there combine 'capital expenditures to support the business' and 'sustainability growth investments').", "total_debt is the current portion of long-term debt plus long-term debt less current portion, as shown on the balance sheet.", "Trailing twelve months to September 30, 2026 are computed as FY2025 from the 10-K plus the nine months ended September 30, 2026, less the nine months ended September 30, 2025. Only lines unaffected by the 2026 accretion reclassification are carried; per-share earnings are not summed.", "Segments: net operating revenues (after intercompany eliminations) and income from operations for each reportable segment, from the segment note of each filing. Collection and Disposal is the sum of the East Tier, the West Tier and Other Ancillary services. Healthcare Solutions is the Stericycle business, acquired on November 4, 2024, so FY2024 includes about two months of it and the FY2023 segment table has no Healthcare Solutions row. Segment income from operations sums to consolidated income from operations including the Corporate and Other loss." ], "uncertainties": [ "The 2025 comparative quarter and nine months in the Q3 2026 10-Q are recast for the accretion reclassification; Waste Management describes the reclassifications as not material. Operating costs and depreciation for those periods therefore differ slightly from what was originally reported for 2025, and from the basis of the FY2025 annual figures." ], "headline": { "period": "Q3 FY2026", "period_end_words": "September 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 6846000000, "text": "$6.85 billion", "exact": "$6,846,000,000", "compact": "$6.85B", "abs": "$6.85 billion", "prior_value": 6443000000, "prior": "$6.44 billion", "priorabs": "$6.44 billion", "yoy": "up 6.3%", "source": { "array": "quarterly", "field": "income_statement.operating_revenues", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001628280-26-067830", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001628280-26-067830", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 820000000, "text": "$820 million", "exact": "$820,000,000", "compact": "$820.00M", "abs": "$820 million", "prior_value": 603000000, "prior": "$603 million", "priorabs": "$603 million", "yoy": "up 36.0%", "source": { "array": "quarterly", "field": "income_statement.net_income_attributable_to_waste_management", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001628280-26-067830", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001628280-26-067830", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 2.05, "text": "$2.05", "exact": "$2.05", "compact": "$2.05", "abs": "$2.05", "prior_value": 1.49, "prior": "$1.49", "priorabs": "$1.49", "yoy": "up 37.6%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001628280-26-067830", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001628280-26-067830", "gap_days": 365 } }, { "label": "Income from operations", "format": "usd", "value": 1279000000, "text": "$1.28 billion", "exact": "$1,279,000,000", "compact": "$1.28B", "abs": "$1.28 billion", "prior_value": 989000000, "prior": "$989 million", "priorabs": "$989 million", "yoy": "up 29.3%", "source": { "array": "quarterly", "field": "income_statement.income_from_operations", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001628280-26-067830", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001628280-26-067830", "gap_days": 365 } }, { "label": "Free cash flow", "format": "usd", "value": 985000000, "text": "$985 million", "exact": "$985,000,000", "compact": "$985.00M", "abs": "$985 million", "prior_value": 821000000, "prior": "$821 million", "priorabs": "$821 million", "yoy": "up 20.0%", "source": { "array": "quarterly", "field": "cash_flow.free_cash_flow_as_defined_by_company", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001628280-26-067830", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001628280-26-067830", "gap_days": 365 } } ], "summary": "Waste Management reported $6.85 billion in revenue for Q3 FY2026, the quarter ended September 30, 2026, up 6.3% from a year earlier, as higher prices and fuel surcharges more than offset softer collection volumes. Net income attributable to Waste Management was $820 million, or $2.05 per diluted share, compared with $603 million, or $1.49, a year earlier. Income from operations was $1.28 billion, up 29.3%, partly because the year-ago quarter carried impairment charges, including the write-down of a plastic film recycling business, and partly on higher collection and disposal pricing and a swing to operating profit in healthcare solutions.", "qa": [ { "q": "How much revenue did Waste Management make in Q3 FY2026?", "a": "Waste Management reported $6.85 billion in revenue for Q3 FY2026, the quarter ended September 30, 2026, up 6.3% from $6.44 billion a year earlier. Higher prices and fuel surcharges drove the increase, while collection volumes were soft." }, { "q": "What was Waste Management's earnings per share in Q3 FY2026?", "a": "Waste Management earned $2.05 per diluted share in Q3 FY2026, up 37.6% from $1.49 a year earlier. Net income attributable to Waste Management was $820 million, compared with $603 million." }, { "q": "Why did Waste Management's operating income rise in Q3 FY2026?", "a": "Waste Management's income from operations was $1.28 billion in Q3 FY2026, up 29.3% from $989 million a year earlier. Part of the increase reflects a year-ago quarter that carried impairment charges, including the write-down of a plastic film recycling business; higher collection and disposal pricing, recycling automation savings and better commodity prices, and a swing to operating profit in healthcare solutions also contributed." }, { "q": "How much free cash flow did Waste Management generate in Q3 FY2026?", "a": "Waste Management generated $985 million of free cash flow in Q3 FY2026, up 20.0% from $821 million a year earlier, on its own non-GAAP definition: operating cash flow less capital expenditures, plus proceeds from divestitures. Capital spending was lower than in the year-ago quarter." } ] }, "company_details": { "Name": "Waste Management Inc", "Ticker": "WM", "CIK": "0000823768", "Exchange": "NYSE", "State": "Texas", "Incorporation": "Delaware", "SIC": "4953", "Office": "Energy & Transportation", "Industry": "Refuse Systems" }, "next_filing": { "predicted_date": "2027-02-08", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "form": "10-Q", "accession": "0001628280-26-067830", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-09", "accession": "0001104659-26-012049", "url": "https://www.sec.gov/Archives/edgar/data/823768/000110465926012049/wm-20251231x10k.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "filed": "2026-10-28", "accession": "0001628280-26-067830", "url": "https://www.sec.gov/Archives/edgar/data/823768/000162828026067830/wm-20260930.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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