Jul. 28 at 8:47 PM
$WM | WASTE MANAGEMENT, INC. Q2 2026 EARNINGS HIGHLIGHTS
◆ EPS:
$2.02 vs.
$1.98 est. ✅
◆ Revenue:
$6.68B vs.
$6.71B est. ❌
◆ Net Income:
$785M (+8.1% YoY)
◆ Operating Income:
$1.25B (+8.9% YoY)
◆ Operating Expenses:
$3.96B (+4.0% YoY)
◆ Operating Cash Flow:
$1.73B (+11.7% YoY)
Segment Performance:
◆ Collection & Disposal:
$5.48B (+3.7% YoY)
◆ Healthcare Solutions:
$638M (-1.2% YoY)
◆ Recycling Processing:
$403M (+5.8% YoY)
◆ Renewable Energy:
$157M (+36.5% YoY)
Key Metrics:
◆ Free cash flow of
$1.10B in Q2 2026, up 34.5% from
$818M in Q2 2025
◆ Share repurchases of
$659M in Q2 2026; total shareholder returns of
$1.04B in the quarter
◆ Cash dividends of
$379M paid in Q2 2026
Forward Guidance:
◆ FY 2026 adjusted operating EBITDA:
$8.15B–
$8.25B (unchanged)
◆ FY 2026 free cash flow:
$3.75B–
$3.85B (unchanged)
◆ FY 2026 revenue:
$26.275B–
$26.475B (reduced ~0.6% from prior outlook, driven by lower volume expectations)
◆ FY 2026 adjusted operating EBITDA margin: 31.0%–31.2% (increased 20 basis points from prior outlook)
