Waste Management (WM) Operating Margin (2009 - 2026)

Waste Management has disclosed Operating Margin across 18 years of filings, most recently posting 17.87% for Q1 2026.

• Operating Margin for Q1 2026 came in at 17.87%, up 104.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.35% (down 37.0% YoY), and the FY2025 annual result was 17.09%, down 132.0% from the prior year.
• Operating Margin came in at 17.87% for Q1 2026 at Waste Management, down from 18.3% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 19.95% in Q3 2024 to a low of 15.05% in Q4 2023.
• The 5-year median for Operating Margin is 17.87% (2026), against an average of 17.55%.
• Across the five-year window, Operating Margin surged 283 bps in 2024 and slumped 460 bps in 2025, its largest moves.
• Waste Management's Operating Margin stood at 15.5% in 2022, then slipped by 3 bps to 15.05% in 2023, then grew by 4 bps to 15.59% in 2024, then grew by 17 bps to 18.3% in 2025, then retreated by 2 bps to 17.87% in 2026.
• The last three Operating Margin figures came in at 17.87% (Q1 2026), 18.3% (Q4 2025), and 15.35% (Q3 2025), per Business Quant data.