Waste Management (WM) Operating Expenses (2009 - 2026)
Waste Management's (WM) quarterly Operating Expenses came in at $5.4 billion in Q2 2026, up 2.88% year-over-year from $5.3 billion in Q2 2025, and up 6.2% quarter-over-quarter from $5.1 billion in Q1 2026.
Analysis
Waste Management (WM) Operating Expenses (2009 - 2026) Analysis & Trends
Waste Management has disclosed Operating Expenses across 18 years of filings, most recently posting $5.4 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 2.88% year-over-year to $5.4 billion; the TTM figure through Jun 2026 stood at $21.2 billion (up 7.13% YoY), while the FY2025 annual figure was $20.9 billion, up 16.09% from the prior year.
- Operating Expenses came in at $5.4 billion for Q2 2026 at Waste Management, up from $5.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $5.5 billion in Q3 2025 to a low of $3.9 billion in Q1 2022.
- Average Operating Expenses over 5 years is $4.6 billion, with a median of $4.4 billion recorded in 2023.
- Year-over-year, Operating Expenses grew 0.92% in 2023 and advanced 21.47% in 2025.
- Over 5 years, Operating Expenses stood at $4.2 billion in 2022, then climbed by 6.28% to $4.4 billion in 2023, then rose by 12.23% to $5.0 billion in 2024, then advanced by 3.7% to $5.2 billion in 2025, then gained by 5.29% to $5.4 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $5.4 billion in Q2 2026, $5.1 billion in Q1 2026, and $5.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 86.31 Bn | 85.76 Bn | 2.73 Bn | 5.43 Bn |
| 2 | Republic Services | 68.35 Bn | 68.25 Bn | 1.87 Bn | 448.00 Mn |
| 3 | Waste Connections | 40.49 Bn | 40.39 Bn | 1.08 Bn | 538.77 Mn |
| 4 | GFL Environmental | 15.42 Bn | 15.23 Bn | 385.80 Mn | 600.10 Mn |
| 5 | Casella Waste Systems | 5.69 Bn | 5.67 Bn | 178.80 Mn | 523.78 Mn |
| 6 | Comstock | 227.05 Mn | 227.05 Mn | -896,073.00 | 26.04 Mn |
| 7 | Quest Resource Holding | 29.23 Mn | 28.20 Mn | 10.43 Mn | 20.39 Mn |
| 8 | ReTo Eco-Solutions | 49,775.62 | -5.98 Bn | - | - |
Historic Data
Download Data
Historic 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 |