Waste Connections (WCN) Operating Expenses (2015 - 2026)
Waste Connections' (WCN) quarterly Operating Expenses came in at $538.8 million in Q2 2026, up 7.67% year-over-year from $500.4 million in Q2 2025, and up 3.89% quarter-over-quarter from $518.6 million in Q1 2026.
Analysis
Waste Connections (WCN) Operating Expenses (2015 - 2026) Analysis & Trends
Waste Connections has disclosed Operating Expenses across 12 years of filings, most recently posting $538.8 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 7.67% year-over-year to $538.8 million; the TTM figure through Jun 2026 stood at $2.1 billion (up 6.09% YoY), while the FY2025 annual figure was $2.0 billion, up 7.14% from the prior year.
- Operating Expenses came in at $538.8 million for Q2 2026 at Waste Connections, up from $518.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $538.8 million in Q2 2026 to a low of $343.4 million in Q1 2022.
- Average Operating Expenses over 5 years is $445.0 million, with a median of $456.8 million recorded in 2024.
- Year-over-year, Operating Expenses grew 20.25% in 2023 and rose 5.05% in 2025.
- Over 5 years, 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 grew by 8.45% to $538.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $538.8 million in Q2 2026, $518.6 million in Q1 2026, and $496.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 86.70 Bn | 86.15 Bn | 2.73 Bn | 5.43 Bn |
| 2 | Republic Services | 68.30 Bn | 68.20 Bn | 1.87 Bn | 448.00 Mn |
| 3 | Waste Connections | 40.78 Bn | 40.69 Bn | 1.08 Bn | 538.77 Mn |
| 4 | GFL Environmental | 15.50 Bn | 15.31 Bn | 385.80 Mn | 600.10 Mn |
| 5 | Casella Waste Systems | 5.77 Bn | 5.74 Bn | 178.80 Mn | 523.78 Mn |
| 6 | Comstock | 230.47 Mn | 230.47 Mn | -896,073.00 | 26.04 Mn |
| 7 | Quest Resource Holding | 30.08 Mn | 29.06 Mn | 10.43 Mn | 20.39 Mn |
| 8 | ReTo Eco-Solutions | 52,556.85 | -5.98 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |