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
DateValue
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