Filing Flows › Waste Connections (WCN) › Q2 2026
Waste Connections (WCN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Waste Connections (WCN) reported revenue of $2.6B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +8% from the quarter before. Operating margin was 17.1%, net earnings $296M (11.6% of revenue).
Waste Connections, Q2 2026: revenue $2.6B (+6% year over year), operating margin 17.1%, net earnings $296M, operating cash flow $733M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +8% | +6% |
| Operating profit | $438M | +20% | -5% |
| Net earnings | $296M | +35% | +2% |
| Operating cash flow | $733M | +34% | +15% |
| Free cash flow | $431M | +73% | +22% |
What changed
Revenue was $2.6B in Q2 2026, up 6% year over year and up 8% from the previous quarter. Southern was the largest line at 20% of revenue. Canada added $0.04B year over year (up 12%), 27% of the total change.
Operating profit was $0.44B, a 17.1% margin (down 2.0 points year over year). Operating profit fell $0.02B even though revenue rose $0.15B versus Q2 2025, so costs grew faster than sales. Total costs grew 9% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $0.30B, up 2% year over year. The effective tax rate was 22.8%.
Operating cash flow was $0.73B (up 15% year over year), 247% of net earnings. Non-cash charges added back $0.33B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.30B left free cash flow of $0.43B.
Questions
What was Waste Connections' revenue in the second quarter 2026?
Waste Connections (WCN) reported revenue of $2.6B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +8% from the quarter before.
Was Waste Connections profitable in the second quarter 2026?
Operating profit was $438M (17.1% of revenue) and net earnings $296M.
Source: Waste Connections 10-Q on SEC EDGAR.