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

Waste Connections' (WCN) quarterly Operating Expenses came in at $518.6 million in Q1 2026, up 5.31% year-on-year from $492.4 million in Q1 2025, and up 4.39% quarter-over-quarter from $496.8 million in Q4 2025.

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

Waste Connections has disclosed Operating Expenses across 12 years of filings, most recently posting $518.6 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $518.6 million, up 5.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 5.76% YoY), and the FY2025 annual result was $2.0 billion, up 7.14% from the prior year.
  • Operating Expenses came in at $518.6 million for Q1 2026 at Waste Connections, up from $496.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $518.6 million in Q1 2026 to a low of $343.4 million in Q1 2022.
  • The 5-year median for Operating Expenses is $443.4 million (2024), against an average of $439.5 million.
  • Across the five-year window, Operating Expenses climbed 20.25% in 2023 and increased 5.05% in 2025, its largest moves.
  • Waste Connections' Operating Expenses stood at $378.9 million in 2022, then rose by 7.17% to $406.0 million in 2023, then advanced by 16.48% to $472.9 million in 2024, then climbed by 5.05% to $496.8 million in 2025, then climbed by 4.39% to $518.6 million in 2026.
  • The last three Operating Expenses figures came in at $518.6 million (Q1 2026), $496.8 million (Q4 2025), and $500.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn 400.55 Mn
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn 518.60 Mn
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn 207.14 Mn
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn 452.47 Mn
5 Enviri 1.71 Bn 1.63 Bn - -
6 Onterris 613.85 Mn 602.80 Mn - -
7 American Battery Technology 425.23 Mn 386.75 Mn 737,749.00 35.14 Mn
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn -22.00 Mn
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn 4.60 Mn
10 One & one Green Technologies 144.62 Mn 143.66 Mn - -

Historic Data

Download Data
DateValue
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
Jun 30, 2021 327.16 Mn