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Waste Management WM Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$6.2BMiss by $52.3M
EPS$1.81Beat by $0.06
Revenue estimate$6.3B
EPS estimate$1.75
“Strong earnings and cash flow results in the quarter achieved our expectations, reflecting the strength of the WM team and the resilience of our business model, Disciplined pricing, cost optimization and contributions from sustainability growth projects led to first quarter adjusted operating EBITDA growth of 5.9% and margin expansion of 70 basis points despite a challenging quarter of weather impacts.(a) The momentum in our business, combined with our confidence in our ability to execute on our plan for the balance of the year, sets us up to achieve the full-year financial outlook we provided last quarter.”
Jim Fish

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$6.8B
EPS estimate$2.19

Financials

Q1 2026

Income statement

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Revenue$6.2B+3.5%
Gross profit$2.5B+6.8%
Operating income$1.1B+9.9%
Net income$723.0M+13.5%
EPS (diluted)$1.79+13.3%

Balance sheet

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Cash & equivalents$158.0M-26.9%
Total equity$10.0B+15.8%
Total assets$45.7B+2.7%

Cash flow

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Operating cash flow$1.5B+24.3%
CapEx$650.0M-21.8%
Free cash flow$851.0M+126%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$92.68B-0.4%
P/E33.2×-1.6×
P/S3.6×-0.4×

Profitability

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Gross margin40.7%+1.3pp
Operating margin17.3%-0.4pp
Net margin11%-0.7pp
FCF margin12.9%+4.9pp

Returns & leverage

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Return on equity29.9%-4.1pp
Current ratio0.9×+0.1×

Segments

By segment

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East Tier Region Areas$2.8B+3.7%
West Tier Region Areas$2.7B+3.8%
All Other Segments$789.0M+4.9%
Healthcare Solutions$721.0M+15.0%
Recycling Processing And Sales$455.0M-2.2%

By product

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Commercial$1.7B+4.0%
Landfill$1.2B+4.4%
Industrial$980.0M+4.3%
Residential$906.0M+1.3%
Other Collection$866.0M+5.0%

FAQ

When did Waste Management report Q1 2026 earnings?
Waste Management (WM) reported Q1 2026 earnings on April 28, 2026 after market close.
What were Waste Management's Q1 2026 revenue and EPS?
Waste Management reported revenue of $6.2B and eps of $1.81 for Q1 2026.
Did Waste Management beat estimates in Q1 2026?
Revenue missed the consensus estimate of $6.3B by $52.3M. EPS beat the consensus estimate of $1.75 by $0.06.
How did Waste Management's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.5% from $6.0B a year earlier and eps grew 8.4% from $1.67.
Where can I find Waste Management's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-050425) and the 10-Q periodic report (0001104659-26-051283) directly on SEC EDGAR. The filing index links above go to sec.gov.