Waste Management, Inc. filed its quarterly report on Form 10-Q with the SEC on October 28, 2026, covering the three and nine months ended September 30, 2026, and reporting third-quarter operating revenue of $6,846 million and diluted earnings per share of $2.05.

Key Highlights

  • Q3 2026 operating revenues: $6,846 million, up from $6,443 million in Q3 2025, according to the filing.
  • Q3 2026 net income attributable to Waste Management, Inc.: $820 million, compared with $603 million in Q3 2025.
  • Diluted earnings per common share: $2.05 for Q3 2026, versus $1.49 for Q3 2025.
  • Nine-month operating cash flow: $4,867 million for the nine months ended September 30, 2026, compared with $4,345 million for the same period in 2025.
  • Common stock repurchase program: $1,583 million in repurchases during the nine months ended September 30, 2026, with no repurchases in the comparable 2025 period.
  • Cash dividends declared: $0.945 per common share in Q3 2026, with total nine-month dividend payments of $1,141 million.
  • Shares outstanding: 397,634,916 shares of common stock as of October 23, 2026, excluding treasury shares of 232,647,545.

Waste Management's Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Waste Management, Inc. (NYSE:WM) reported operating revenues of $6,846 million for the three months ended September 30, 2026, an increase from $6,443 million in the prior-year quarter. Income from operations was $1,279 million for the quarter, compared with $989 million in Q3 2025. Income tax expense for Q3 2026 was $224 million, resulting in consolidated net income of $820 million, up from $603 million in the year-ago period.

For the nine months ended September 30, 2026, the filing disclosed operating revenues of $19,757 million versus $18,891 million for the same period in 2025. Nine-month net income attributable to Waste Management, Inc. was $2,328 million, compared with $1,966 million in the nine months ended September 30, 2025. Basic and diluted earnings per common share for the nine-month period were $5.80 and $5.79, respectively, against $4.88 and $4.87 in the prior-year period. Net cash provided by operating activities for the nine months was $4,867 million, while capital expenditures totaled $1,937 million.

The condensed consolidated balance sheet as of September 30, 2026, showed total assets of $46,519 million and total liabilities of $36,651 million. Long-term debt, less current portion, stood at $21,846 million. The company reported goodwill of $14,002 million and treasury stock at cost of $14,407 million, reflecting 232,564,661 treasury shares. Total equity was $9,868 million at the close of the quarter. The filing also noted restructuring charges of $9 million for Q3 2026 and $19 million for the nine-month period, compared with $14 million and $39 million, respectively, in the corresponding prior-year periods.

What Was Disclosed

Waste Management, Inc. disclosed its unaudited condensed consolidated financial statements for the quarter and nine months ended September 30, 2026, including revenues, earnings, cash flows, and balance sheet data, along with share repurchase activity and dividend declarations.