Filing Flows › Waste Management (WM) › Q3 2026
Waste Management (WM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Waste Management (WM) reported revenue of $6.8B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +2% from the quarter before. Operating margin was 18.7%, net earnings $820M (12.0% of revenue).
Waste Management, Q3 2026: revenue $6.8B (+6% year over year), operating margin 18.7%, net earnings $820M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +2% | +6% |
| Operating profit | $1.3B | +2% | +29% |
| Net earnings | $820M | +4% | +36% |
| Operating cash flow | $1.6B | -5% | +3% |
| Free cash flow | $983M | -10% | +20% |
What changed
Revenue was $6.8B in Q3 2026, up 6% year over year and up 2% from the previous quarter. East Tier was the largest line at 35% of revenue. West Tier added $0.13B year over year (up 6%), 31% of the total change.
Operating profit was $1.3B, a 18.7% margin (up 3.3 points year over year). Of the extra revenue versus Q3 2025, 72% reached operating profit, above the 15% margin then. Total costs grew 2% against revenue growth of 6%. Net earnings were $0.82B, up 36% year over year. The effective tax rate was 21.5%.
Operating cash flow was $1.6B (up 3% year over year), 200% of net earnings. Non-cash charges added back $0.79B of depreciation and amortization and $0.04B of share-based compensation. Capital expenditures of $0.66B left free cash flow of $1.0B.
Questions
What was Waste Management's revenue in the third quarter 2026?
Waste Management (WM) reported revenue of $6.8B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +2% from the quarter before.
Was Waste Management profitable in the third quarter 2026?
Operating profit was $1.3B (18.7% of revenue) and net earnings $820M.
Source: Waste Management 10-Q on SEC EDGAR.