Filing Flows › Waste Management (WM) › Q2 2026
Waste Management (WM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Waste Management (WM) reported revenue of $6.7B for the second quarter 2026 (Q2 2026), +4% from a year earlier and +7% from the quarter before. Operating margin was 18.7%, net earnings $786M (11.8% of revenue).
Waste Management, Q2 2026: revenue $6.7B (+4% year over year), operating margin 18.7%, net earnings $786M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | +7% | +4% |
| Operating profit | $1.3B | +13% | +9% |
| Net earnings | $786M | +9% | +8% |
| Operating cash flow | $1.7B | +15% | +12% |
| Free cash flow | $1.1B | +29% | +35% |
What changed
Revenue was $6.7B in Q2 2026, up 4% year over year and up 7% from the previous quarter. Commercial was the largest line at 22% of revenue. Commercial added $0.09B year over year (up 6%), 34% of the total change. Landfill declined 3%.
Operating profit was $1.3B, a 18.7% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 40% reached operating profit, above the 18% margin then. Total costs grew 3% against revenue growth of 4%. Net earnings were $0.79B, up 8% year over year. The effective tax rate was 23.2%.
Operating cash flow was $1.7B (up 12% year over year), 220% of net earnings. Non-cash charges added back $0.78B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.63B left free cash flow of $1.1B.
Questions
What was Waste Management's revenue in the second quarter 2026?
Waste Management (WM) reported revenue of $6.7B for the second quarter 2026 (Q2 2026), +4% from a year earlier and +7% from the quarter before.
Was Waste Management profitable in the second quarter 2026?
Operating profit was $1.3B (18.7% of revenue) and net earnings $786M.
Source: Waste Management 10-Q on SEC EDGAR.