Filing Flows › Waste Connections (WCN) › Q3 2026
Waste Connections (WCN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 22, 2026
Waste Connections (WCN) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +3% from the quarter before. Operating margin was 20.5%, net earnings $359M (13.6% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +3% | +7% |
| Operating profit | $542M | +24% | +23% |
| Net earnings | $359M | +21% | +25% |
| Operating cash flow | $692M | -6% | +2% |
| Free cash flow | $397M | -8% | +4% |
What changed
Revenue was $2.6B in Q3 2026, up 7% year over year and up 3% from the previous quarter. Southern was the largest line at 21% of revenue. Southern added $0.06B year over year (up 13%), 35% of the total change.
Operating profit was $0.54B, a 20.5% margin (up 2.7 points year over year). Of the extra revenue versus Q3 2025, 57% reached operating profit, above the 18% margin then. Total costs grew 4% against revenue growth of 7%. Net earnings were $0.36B, up 25% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.69B (up 2% year over year), 193% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.29B left free cash flow of $0.40B.
Questions
What was Waste Connections' revenue in the third quarter 2026?
Waste Connections (WCN) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +3% from the quarter before.
Was Waste Connections profitable in the third quarter 2026?
Operating profit was $542M (20.5% of revenue) and net earnings $359M.
Source: Waste Connections 10-Q on SEC EDGAR.