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| Date | Value |
|---|---|
| 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 |