Filing Flows › Waste Management (WM) › Q1 2026
Waste Management (WM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Waste Management (WM) reported revenue of $6.2B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -1% from the quarter before. Operating margin was 17.9%, net earnings $723M (11.6% of revenue).
Waste Management, Q1 2026: revenue $6.2B (+4% year over year), operating margin 17.9%, net earnings $723M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2B | -1% | +3% |
| Operating profit | $1.1B | -4% | +10% |
| Net earnings | $723M | -3% | +14% |
| Operating cash flow | $1.5B | -12% | +24% |
| Free cash flow | $851M | +5% | +126% |
What changed
Revenue was $6.2B in Q1 2026, up 3% year over year and down 1% from the previous quarter. Commercial was the largest line at 23% of revenue. Renewable Energy added $0.07B year over year (up 75%), 33% of the total change. Recycling Processing and Sales declined 4%.
Operating profit was $1.1B, a 17.9% margin (up 1.0 points year over year). Of the extra revenue versus Q1 2025, 48% reached operating profit, above the 17% margin then. Total costs grew 2% against revenue growth of 3%. Net earnings were $0.72B, up 14% year over year. The effective tax rate was 18.9%.
Operating cash flow was $1.5B (up 24% year over year), 208% of net earnings. Non-cash charges added back $0.73B of depreciation and amortization and $0.05B of share-based compensation. Capital expenditures of $0.65B left free cash flow of $0.85B.
Questions
What was Waste Management's revenue in the first quarter 2026?
Waste Management (WM) reported revenue of $6.2B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -1% from the quarter before.
Was Waste Management profitable in the first quarter 2026?
Operating profit was $1.1B (17.9% of revenue) and net earnings $723M.
Source: Waste Management 10-Q on SEC EDGAR.