What is Waste Management's service — operating income?

Waste Management (WM) reported service — operating income of $22M in Q2 2026.

What does service — operating income mean?

This metric represents the operating profit or loss generated specifically by the service-oriented business segment, excluding corporate overhead and non-operating items. It measures the core profitability of service delivery activities, such as collection, logistics, and facility management, before interest and taxes. Investors use this to evaluate the operational efficiency and margin contribution of the company's service-based revenue streams relative to its asset-heavy operations.

Waste Management WM Service — Operating Income

Similar metrics at other companies

TRNSService — Operating Income

$3.51M-41.3%

CRD

CRD.AService — Operating Income

$22.47M-6.3%

CWCOServices — Operating Income

$1.06M+686%

AMTServices — Operating Income (Loss)

$22.2M-50.6%

SIEBFinancial Services — Operating Income

-$1.1M-110%

MGLDFinancial Services — Operating Income

-$405K+73.7%

Other financials

Income statement

See full

Revenue$6.7B+4.0%

Gross profit$2.7B+5.3%

Operating income$1.3B+8.9%

Net income$785.0M+8.1%

EPS (diluted)$1.95+8.3%

Balance sheet

See full

Cash & equivalents$557.0M+26.6%

Total debt$23.4B—

Total equity$9.9B+7.9%

Total assets$46.4B+1.6%

Cash flow

See full

Operating cash flow$1.7B+11.7%

CapEx$630.0M-13.9%

Free cash flow$1.1B+34.8%

Valuation

See full

Market cap$90.47B-2.0%

Enterprise value$113.27B—

P/E31.7×-2.2×

P/S3.5×-0.3×

Profitability

See full

Gross margin40.9%+1.2pp

Operating margin17.6%0.0pp

Net margin11.1%-0.2pp

FCF margin13.9%+4.9pp

Returns & leverage

See full

Return on equity29.8%-2.8pp

Debt / equity2.4×—

Current ratio0.9×+0.1×

Where this comes from

Reported directly by Waste Management in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Waste Management’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Waste Management's service — operating income.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Waste Management's service — operating income?: Waste Management (WM) reported service — operating income of $22M in Q2 2026.
What does service — operating income mean?: This metric represents the operating profit or loss generated specifically by the service-oriented business segment, excluding corporate overhead and non-operating items. It measures the core profitability of service delivery activities, such as collection, logistics, and facility management, before interest and taxes. Investors use this to evaluate the operational efficiency and margin contribution of the company's service-based revenue streams relative to its asset-heavy operations.