# Waste Management Inc: overview

WM · NYSE · CIK 823768 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wm.md) · [Financials](/companies/wm/financials.md) · [Filings](/companies/wm/filings.md) · [Insiders](/companies/wm/insiders.md)

Latest reported revenue: [$6.68bn](/filings/0001104659-26-088016.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-088016).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [5,609](/filings/0001104659-25-103136.md) | [5,893 d](/filings/0001104659-26-012049.md) | [6,018](/filings/0001104659-26-051283.md) | [6,430](/filings/0001104659-26-088016.md) | [6,443](/filings/0001104659-25-103136.md) | [6,313 d](/filings/0001104659-26-012049.md) | [6,227](/filings/0001104659-26-051283.md) | [6,684](/filings/0001104659-26-088016.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [20.0%](/filings/0001104659-25-103136.md) | [15.6% d](/filings/0001104659-26-012049.md) | [16.8%](/filings/0001104659-26-051283.md) | [17.9%](/filings/0001104659-26-088016.md) | [15.3%](/filings/0001104659-25-103136.md) | [18.3% d](/filings/0001104659-26-012049.md) | [17.9%](/filings/0001104659-26-051283.md) | [18.7%](/filings/0001104659-26-088016.md) |
| Net margin | % | [13.5%](/filings/0001104659-25-103136.md) | [10.1% d](/filings/0001104659-26-012049.md) | [10.6%](/filings/0001104659-26-051283.md) | [11.3%](/filings/0001104659-26-088016.md) | [9.4%](/filings/0001104659-25-103136.md) | [11.8% d](/filings/0001104659-26-012049.md) | [11.6%](/filings/0001104659-26-051283.md) | [11.7%](/filings/0001104659-26-088016.md) |
| Diluted EPS | $ per share | [1.88](/filings/0001104659-25-103136.md) | not reported | [1.58](/filings/0001104659-26-051283.md) | [1.80](/filings/0001104659-26-088016.md) | [1.49](/filings/0001104659-25-103136.md) | not reported | [1.79](/filings/0001104659-26-051283.md) | [1.95](/filings/0001104659-26-088016.md) |
| Free cash flow | $m | [577 d](/filings/0001104659-25-103136.md) | [396 d](/filings/0001104659-26-012049.md) | [377](/filings/0001104659-26-051283.md) | [813 d](/filings/0001104659-26-088016.md) | [816 d](/filings/0001104659-25-103136.md) | [810 d](/filings/0001104659-26-012049.md) | [851](/filings/0001104659-26-051283.md) | [1,096 d](/filings/0001104659-26-088016.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [17.9](/filings/0001558370-24-001049.md) | [19.7](/filings/0001558370-25-001132.md) | [20.4](/filings/0001104659-26-012049.md) | [22.1](/filings/0001104659-26-012049.md) | [25.2](/filings/0001104659-26-012049.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [16.5%](/filings/0001558370-24-001049.md) | [17.1%](/filings/0001558370-25-001132.md) | [17.5%](/filings/0001104659-26-012049.md) | [18.4%](/filings/0001104659-26-012049.md) | [17.1%](/filings/0001104659-26-012049.md) |
| Net margin | % | [10.1%](/filings/0001558370-24-001049.md) | [11.4%](/filings/0001558370-25-001132.md) | [11.3%](/filings/0001104659-26-012049.md) | [12.4%](/filings/0001104659-26-012049.md) | [10.7%](/filings/0001104659-26-012049.md) |
| Diluted EPS | $ per share | [4.29](/filings/0001558370-24-001049.md) | [5.39](/filings/0001558370-25-001132.md) | [5.66](/filings/0001104659-26-012049.md) | [6.81](/filings/0001104659-26-012049.md) | [6.70](/filings/0001104659-26-012049.md) |
| Free cash flow | $bn | [2.3](/filings/0001558370-24-001049.md) | [1.7](/filings/0001558370-25-001132.md) | [1.8](/filings/0001104659-26-012049.md) | [2.2](/filings/0001104659-26-012049.md) | [2.8](/filings/0001104659-26-012049.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wm/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $6.85bn | 30,733,944 |  | Added +535,079 |
| [GATES FOUNDATION TRUST](/funds/1166559.md) | 2026-06-30 | $5.96bn | 26,720,744 |  | Reduced −921,600 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $5.61bn | 25,179,716 |  | Added +10,203 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $4.01bn | 18,008,931 |  | Added +507,209 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $2.33bn | 10,438,136 |  | Added +1,706,093 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $2.26bn | 10,121,428 |  | Reduced −115,237 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $2.01bn | 9,068,808 |  | Reduced −122,542 |
| [AMERIPRISE FINANCIAL INC](/funds/820027.md) | 2026-06-30 | $1.58bn | 7,086,113 |  | Reduced −341,294 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $1.47bn | 6,584,906 |  | Reduced −492,264 |
| [PARNASSUS INVESTMENTS, LLC](/funds/948669.md) | 2026-06-30 | $1.07bn | 4,792,005 |  | Reduced −189,573 |

## Recent filings

[All 2,044 filings](/companies/wm/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-26 | 08:37 ET | [8-K](/filings/0001104659-26-101077.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-101077 |
| 2026-07-29 | 12:37 ET | [10-Q](/filings/0001104659-26-088016.md) | Quarterly report, period 2026-06-30 | 0001104659-26-088016 |
| 2026-07-28 | 16:42 ET | [8-K](/filings/0001104659-26-087575.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-087575 |
| 2026-05-14 | 09:00 ET | [8-K](/filings/0001104659-26-060755.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001104659-26-060755 |
| 2026-05-13 | 09:09 ET | [8-K](/filings/0001104659-26-059860.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001104659-26-059860 |
| 2026-04-29 | 12:57 ET | [10-Q](/filings/0001104659-26-051283.md) | Quarterly report, period 2026-03-31 | 0001104659-26-051283 |
| 2026-04-28 | 16:41 ET | [8-K](/filings/0001104659-26-050425.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-050425 |
| 2026-03-31 | 08:09 ET | [DEF 14A](/filings/0001104659-26-037381.md) | Proxy statement, period 2026-05-12 | 0001104659-26-037381 |
| 2026-03-25 | 16:23 ET | [8-K](/filings/0001104659-26-034537.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001104659-26-034537 |
| 2026-03-13 | 16:30 ET | [8-K](/filings/0001104659-26-027703.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001104659-26-027703 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-012049.md), filed Feb 9, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fde46a6d-c80e-475c-8aa2-54f3419a013e)

## About the filer

- CIK: 823768
- Tickers: WM
- Exchange: NYSE
- SIC code: 4953 Refuse Systems
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 16:39 ET. No prices; not investment advice.