Waste Connections WCN
NYSE WCN
$154.85 -0.71 (-0.46%)
As of: Sep 30, 2026 · 10:25 AM EDT

Waste Connections (WCN) Operating Expenses (2015 - 2026)

Updated

Waste Connections (WCN) reported Operating Expenses of $538.77 million for Q2 2026, up 7.7% from $500.39 million a year earlier and up 3.9% from the prior quarter.

Analysis

Waste Connections (WCN) Operating Expenses (2015 - 2026) Analysis & Trends

Over the twelve months ended Jun 30, 2026, Waste Connections' Operating Expenses came in at $2.05 billion, up 6.1% year-over-year; for FY2025, it came in at $1.99 billion, up 7.1% from FY2024.

  • Operating Expenses has increased for five consecutive years, with a five-year compound annual growth rate of 11.4% (FY2020 to FY2025).
  • By year, Operating Expenses came in at $1.86 billion in FY2024 (+12.9%), $1.64 billion in FY2023 (+12.7%), $1.46 billion in FY2022 (+13.5%) and $1.29 billion in FY2021 (+11.0%).
  • The Q2 2026 figure ranks as the highest quarterly Operating Expenses in data going back to Q2 2015.
  • Year over year, Operating Expenses has now increased in each of the last 23 quarters, with growth averaging 9.1% over the last eight quarters.
  • The year-over-year growth in Operating Expenses has ranged between 5.0% (Q4 2025) and 20.3% (Q2 2023) over the last five years.
  • Per Business Quant data, the three quarters before Q2 2026 came in at $518.6 million (Q1 2026), $496.81 million (Q4 2025) and $500.48 million (Q3 2025).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Waste Management 82.59 Bn 81.50 Bn 2.73 Bn 5.43 Bn
2 Republic Services 65.21 Bn 64.82 Bn 1.87 Bn 448.00 Mn
3 Waste Connections 39.38 Bn 39.00 Bn 1.08 Bn 538.77 Mn
4 Clean Harbors 16.54 Bn 13.55 Bn 608.78 Mn 214.57 Mn
5 GFL Environmental 15.37 Bn 13.05 Bn 385.80 Mn 600.10 Mn
6 Casella Waste Systems 5.11 Bn 4.23 Bn 178.80 Mn 523.78 Mn
7 Onterris 512.61 Mn 471.88 Mn 82.26 Mn 66.50 Mn
8 Perma Fix Environmental Services 331.69 Mn 223.25 Mn -2.50 Mn 4.00 Mn
9 Deep Isolation Nuclear 204.72 Mn 204.72 Mn 707,000.00 3.95 Mn
10 Comstock 185.32 Mn 188.64 Mn -896,073.00 26.04 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 538.77 Mn
Mar 31, 2026 518.60 Mn
Dec 31, 2025 496.81 Mn
Sep 30, 2025 500.48 Mn
Jun 30, 2025 500.39 Mn
Mar 31, 2025 492.44 Mn
Dec 31, 2024 472.94 Mn
Sep 30, 2024 471.00 Mn
Jun 30, 2024 470.08 Mn
Mar 31, 2024 443.43 Mn
Dec 31, 2023 406.04 Mn
Sep 30, 2023 411.28 Mn
Jun 30, 2023 429.71 Mn
Mar 31, 2023 397.73 Mn
Dec 31, 2022 378.87 Mn
Sep 30, 2022 380.17 Mn
Jun 30, 2022 357.34 Mn
Mar 31, 2022 343.36 Mn
Dec 31, 2021 332.59 Mn
Sep 30, 2021 327.49 Mn
API Access

Waste Connections Operating Expenses API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=operating-expenses&ticker=WCN&period=max&api_key=YOUR_API_KEY