Waste Management (WM) Operating Expenses (2009 - 2026)
Waste Management (WM) posted Operating Expenses of $5.4 billion for Q2 2026, up 6.2% sequentially from $5.1 billion in Q1 2026, and up 2.88% YoY from $5.3 billion in Q2 2025.
Waste Management (WM) Operating Expenses (2009 - 2026) Analysis & Trends
Waste Management has reported Operating Expenses for 18 years, with the latest figure at $5.4 billion in Q2 2026.
- Quarterly Operating Expenses rose 2.88% year-over-year to $5.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $21.2 billion (up 7.13% YoY) and the FY2025 annual result came in at $20.9 billion, up 16.09% from the prior year.
- Operating Expenses improved to $5.4 billion in Q2 2026 per WM's latest filing, from $5.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $5.5 billion in Q3 2025 and troughed at $3.9 billion in Q1 2022.
- A 5-year average of $4.6 billion and a median of $4.4 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses increased 0.92% in 2023, then climbed 21.47% in 2025.
- Over 5 years, Operating Expenses stood at $4.2 billion in 2022, then increased by 6.28% to $4.4 billion in 2023, then advanced by 12.23% to $5.0 billion in 2024, then grew by 3.7% to $5.2 billion in 2025, then climbed by 5.29% to $5.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $5.4 billion, $5.1 billion, and $5.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 90.39 Bn | 89.83 Bn | 2.73 Bn | 5.43 Bn |
| 2 | Republic Services | 67.62 Bn | 67.51 Bn | 1.87 Bn | 448.00 Mn |
| 3 | Waste Connections | 42.71 Bn | 42.61 Bn | 1.08 Bn | 538.77 Mn |
| 4 | Clean Harbors | 17.07 Bn | 16.56 Bn | 608.78 Mn | 214.57 Mn |
| 5 | GFL Environmental | 14.89 Bn | 14.70 Bn | 278.90 Mn | 433.83 Mn |
| 6 | Casella Waste Systems | 5.91 Bn | 5.89 Bn | 178.80 Mn | 523.78 Mn |
| 7 | Sino Green Land | 646.75 Mn | 646.67 Mn | -78,936.00 | 201,005.00 |
| 8 | Onterris | 529.21 Mn | 515.52 Mn | 82.26 Mn | 66.50 Mn |
| 9 | Perma Fix Environmental Services | 334.90 Mn | 300.95 Mn | -2.50 Mn | 4.00 Mn |
| 10 | American Battery Technology | 307.22 Mn | 267.94 Mn | 737,749.00 | 35.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.43 Bn |
| Mar 31, 2026 | 5.11 Bn |
| Dec 31, 2025 | 5.16 Bn |
| Sep 30, 2025 | 5.45 Bn |
| Jun 30, 2025 | 5.28 Bn |
| Mar 31, 2025 | 5.01 Bn |
| Dec 31, 2024 | 4.97 Bn |
| Sep 30, 2024 | 4.49 Bn |
| Jun 30, 2024 | 4.39 Bn |
| Mar 31, 2024 | 4.14 Bn |
| Dec 31, 2023 | 4.43 Bn |
| Sep 30, 2023 | 4.18 Bn |
| Jun 30, 2023 | 4.18 Bn |
| Mar 31, 2023 | 4.07 Bn |
| Dec 31, 2022 | 4.17 Bn |
| Sep 30, 2022 | 4.13 Bn |
| Jun 30, 2022 | 4.14 Bn |
| Mar 31, 2022 | 3.89 Bn |
| Dec 31, 2021 | 3.96 Bn |
| Sep 30, 2021 | 3.86 Bn |