Waste Management (WM) Operating Expenses (2009 - 2026)
Waste Management's (WM) quarterly Operating Expenses came in at -$22.0 million in Q1 2026, down 100.44% year-on-year from $5.0 billion in Q1 2025, and down 204.76% quarter-over-quarter from $21.0 million in Q4 2025.
Waste Management (WM) Operating Expenses (2009 - 2026) Analysis & Trends
Waste Management has disclosed Operating Expenses across 18 years of filings, most recently posting -$22.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at -$22.0 million, down 100.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $262.0 million (up 107.41% YoY), and the FY2025 annual result was $299.0 million, up 247.67% from the prior year.
- Operating Expenses came in at -$22.0 million for Q1 2026 at Waste Management, down from $21.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $5.0 billion in Q1 2025 to a low of -$12.9 billion in Q4 2024.
- The 5-year median for Operating Expenses is $3.9 billion (2022), against an average of $69.5 million.
- Across the five-year window, Operating Expenses tumbled 405.56% in 2022 and surged 2737.5% in 2025, its largest moves.
- Waste Management's Operating Expenses stood at -$12.1 billion in 2022, then slipped by 0.59% to -$12.2 billion in 2023, then fell by 6.32% to -$12.9 billion in 2024, then soared by 100.16% to $21.0 million in 2025, then slumped by 204.76% to -$22.0 million in 2026.
- The last three Operating Expenses figures came in at -$22.0 million (Q1 2026), $21.0 million (Q4 2025), and $227.0 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 | -22.00 Mn |
| Dec 31, 2025 | 21.00 Mn |
| Sep 30, 2025 | 227.00 Mn |
| Jun 30, 2025 | 36.00 Mn |
| Mar 31, 2025 | 5.01 Bn |
| Dec 31, 2024 | -12.94 Bn |
| Sep 30, 2024 | 8.00 Mn |
| Jun 30, 2024 | 4.39 Bn |
| Mar 31, 2024 | 4.14 Bn |
| Dec 31, 2023 | -12.17 Bn |
| Sep 30, 2023 | 4.18 Bn |
| Jun 30, 2023 | 4.18 Bn |
| Mar 31, 2023 | 4.07 Bn |
| Dec 31, 2022 | -12.10 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 |
| Jun 30, 2021 | 3.69 Bn |