Filing Flows › Waste Connections (WCN) › Operating margin
Waste Connections (WCN) operating margin by quarter
Waste Connections' operating margin was 20.5% in Q3 2026 (third quarter 2026), +3.5 pts from Q2 2026. Over the last 7 quarters it ranged from 15.4% (Q1 2026) to 20.5% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.5% | +3.5 pts | +2.7 pts |
| Q2 2026 | 17.1% | +1.7 pts | -2.0 pts |
| Q1 2026 | 15.4% | -2.4 pts | -2.2 pts |
| Q4 2025 | 17.7% | -0.1 pts | — |
| Q3 2025 | 17.9% | -1.2 pts | — |
| Q2 2025 | 19.1% | +1.6 pts | — |
| Q1 2025 | 17.5% | — | — |
Q3 2026 at a glance
Waste Connections, Q3 2026: revenue $2.6B (+7% year over year), operating margin 20.5%, net earnings $359M, operating cash flow $692M. The chart follows the revenue to costs, profit and cash.
Questions
What is Waste Connections' operating margin?
Waste Connections' operating margin was 20.5% in Q3 2026 (third quarter 2026), +3.5 pts from Q2 2026.
How has Waste Connections' operating margin changed?
Over the last 7 quarters it ranged from 15.4% (Q1 2026) to 20.5% (Q3 2026).