Commercial was Waste Management’s largest product and service line in fiscal 2025, bringing in $5.63B of $25.20B (22%).
| Product and Service | FY 2008 | FY 2009 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Collection | — | — | — | — | ||||||||
| Commercial | $5.45B | $5.11B | $5.37B | $5.63B | ||||||||
| Landfill | $4.52B | $3.25B | $3.45B | $3.78B | ||||||||
| Revenues | — | — | — | — | ||||||||
| Net Operating Revenues | — | — | — | — | ||||||||
| Residential | $3.34B | $3.38B | $3.47B | $3.51B | ||||||||
| Industrial | $3.68B | $3.08B | $3.09B | $3.11B | ||||||||
| Other Revenue | — | — | — | — | ||||||||
| Transfer | — | $1.26B | $1.38B | $1.50B | ||||||||
| Healthcare Solutions | — | — | $403.00M | $2.51B | ||||||||
| Recycling Processing & Sales | — | $1.26B | $1.60B | $1.49B | ||||||||
| Other Collection | $2.68B | $2.79B | $2.96B | $3.18B | ||||||||
| Recycling | — | — | — | — | ||||||||
| Wheelabrator | — | — | — | — | ||||||||
| Renewable Energy | — | $273.00M | $318.00M | $478.00M | ||||||||
| Corporate & Other | — | $24.00M | $23.00M | $22.00M | ||||||||
| Intercompany Revenue | — | — | — | — | ||||||||
| Intercompany Operating Revenues | — | — | — | — | ||||||||
| Total | $19.67B | $20.43B | $22.06B | $25.20B |
Waste Management brought in $25.20B from its 10 product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 14.2% from $22.06B in fiscal 2024. Commercial was the largest at $5.63B (22.3%), ahead of Landfill at $3.78B (15.0%) and Residential at $3.51B (13.9%). The other seven lines brought in $12.28B combined.
Compared with fiscal 2024, Healthcare Solutions grew fastest, up 522.3% to $2.51B, while Recycling Processing & Sales fell the most, down 6.9% to $1.49B.
Waste Management began breaking out Healthcare Solutions in fiscal 2024, Recycling Processing & Sales in fiscal 2023, Renewable Energy in fiscal 2023 and Corporate & Other in fiscal 2023.
East Tier was Waste Management’s largest segment in fiscal 2025, bringing in $9.04B of $25.20B (36%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Collection & Disposal | $17.84B | — | — | — | ||||||||||||
| East Tier | — | $8.41B | $8.70B | $9.04B | ||||||||||||
| West Tier | — | $7.94B | $8.29B | $8.72B | ||||||||||||
| Tier 3 | — | — | — | — | ||||||||||||
| Solid Waste: Tier 3 | — | — | — | — | ||||||||||||
| Tier 1 | — | — | — | — | ||||||||||||
| Solid Waste: Tier 1 | — | — | — | — | ||||||||||||
| Tier 2 | — | — | — | — | ||||||||||||
| Solid Waste: Tier 2 | — | — | — | — | ||||||||||||
| Other Ancillary | — | $2.52B | $2.73B | $2.95B | ||||||||||||
| Other | — | — | — | — | ||||||||||||
| Recycling Processing & Sales | $1.52B | $1.26B | $1.60B | $1.49B | ||||||||||||
| Healthcare Solutions | — | — | $403.00M | $2.51B | ||||||||||||
| Wheelabrator | — | — | — | — | ||||||||||||
| Renewable Energy | — | $273.00M | $318.00M | $478.00M | ||||||||||||
| Wm Renewable Energy | $312.00M | — | — | — | ||||||||||||
| Corporate & Other | $27.00M | $24.00M | $23.00M | $22.00M | ||||||||||||
| Intercompany Operating Revenues | — | — | — | — | ||||||||||||
| Total | $19.70B | $20.43B | $22.06B | $25.20B |
Waste Management brought in $25.20B from its seven segments in fiscal 2025, the year ended December 31, 2025. That was up 14.2% from $22.06B in fiscal 2024. East Tier was the largest at $9.04B (35.9%), ahead of West Tier at $8.72B (34.6%) and Other Ancillary at $2.95B (11.7%). The other four segments brought in $4.50B combined.
Compared with fiscal 2024, Healthcare Solutions grew fastest, up 522.3% to $2.51B, while Recycling Processing & Sales fell the most, down 6.9% to $1.49B.
Waste Management began breaking out Other Ancillary in fiscal 2023, Healthcare Solutions in fiscal 2024 and Renewable Energy in fiscal 2023. Waste Management stopped reporting Collection & Disposal ($17.84B in fiscal 2022) and Wm Renewable Energy ($312.00M in fiscal 2022) as separate segments.
Us was Waste Management’s largest region in fiscal 2025, bringing in $23.91B of $25.20B (95%).
| Geography | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Us | — | $19.60B | $21.11B | $23.91B | ||||||||||
| U.S | $18.86B | — | — | — | ||||||||||
| United States & Puerto Rico | — | — | — | — | ||||||||||
| Canada | $838.00M | $813.00M | $852.00M | $967.00M | ||||||||||
| Western Europe & Other | — | $18.00M | $104.00M | $326.00M | ||||||||||
| Total | $19.70B | $20.43B | $22.06B | $25.20B |
Waste Management brought in $25.20B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 14.2% from $22.06B in fiscal 2024. Us was the largest at $23.91B (94.9%), ahead of Canada at $967.00M (3.8%) and Western Europe & Other at $326.00M (1.3%).
Compared with fiscal 2024, Canada grew 13.5% to $967.00M and Us grew 13.3% to $23.91B.
Waste Management began breaking out Western Europe & Other in fiscal 2023, when it brought in $18.00M. Waste Management stopped reporting U.S as a separate region after fiscal 2022, when it brought in $18.86B.
Waste Management (WM) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Commercial was its largest product and service line, bringing in $5.63B (22.3% of the total), followed by Landfill at $3.78B (15.0%).
Commercial was Waste Management's largest product and service line in fiscal 2025, bringing in $5.63B, or 22.3% of the $25.20B total across its 10 product and service lines.
East Tier was Waste Management's largest segment in fiscal 2025, bringing in $9.04B, or 35.9% of the $25.20B total across its seven segments.
Us was Waste Management's largest region in fiscal 2025, bringing in $23.91B, or 94.9% of the $25.20B total across its three regions.
Among Waste Management's product and service lines that make up at least 2% of revenue, Healthcare Solutions grew fastest in fiscal 2025, up 522.3% from $403.00M to $2.51B.
Every figure comes from Waste Management's annual financial filings, as reported. Each line keeps the name Waste Management gives it, and years follow its fiscal calendar.
Waste Management's revenue by product and service goes back to fiscal 2008, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.