Waste Management Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $25.20B | $22.04B | $20.43B | $19.69B | $17.34B | $15.10B | $15.47B |
| Collection | — | — | $14.28B | $12.55B | $12.03B | $10.64B | $9.31B | $9.26B |
| Recycling | — | — | $1.86B | $813.0M | $916.0M | $865.0M | $648.0M | $707.0M |
| Disposal | — | — | $4.52B | $4.91B | $4.72B | $4.08B | $3.62B | $3.87B |
| Other | — | — | $1.38B | $2.16B | $2.02B | $1.76B | $1.53B | $1.64B |
| Cost of Revenue | — | $15.01B | $13.38B | $12.61B | $12.29B | $11.11B | $9.34B | $9.50B |
| Gross Profit | — | $10.19B | $8.66B | $7.82B | $7.40B | $6.23B | $5.76B | $5.98B |
| Gross Margin | — | 40.4% | 39.3% | 38.3% | 37.6% | 35.9% | 38.2% | 38.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $2.72B | $2.26B | $1.93B | $1.94B | $1.86B | $1.73B | $1.63B |
| Operating Income | — | $4.31B | $4.06B | $3.58B | $3.37B | $2.97B | $2.43B | $2.71B |
| Operating Margin | — | 17.1% | 18.4% | 17.5% | 17.1% | 17.1% | 16.1% | 17.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | $3.43B | $3.46B | $3.02B | $2.92B | $2.35B | $1.89B | $2.11B |
| Income Tax Expense | — | $717.0M | $713.0M | $745.0M | $678.0M | $532.0M | $397.0M | $434.0M |
| Net Income | — | $2.71B | $2.75B | $2.30B | $2.24B | $1.82B | $1.50B | $1.67B |
| Net Margin | — | 10.7% | 12.5% | 11.3% | 11.4% | 10.5% | 9.9% | 10.8% |
| EPS (Basic) | — | $6.72 | $6.84 | $5.69 | $5.42 | $4.32 | $3.54 | $3.93 |
| EPS (Diluted) | — | $6.70 | $6.81 | $5.66 | $5.39 | $4.29 | $3.52 | $3.91 |
| Shares Outstanding (Basic) | 403.3M | 402.7M | 401.5M | 404.9M | 412.8M | 420.4M | 423.0M | 424.6M |
| Shares Outstanding (Diluted) | 403.3M | 404.2M | 403.4M | 406.9M | 415.0M | 422.9M | 425.1M | 427.5M |
| Dividends Per Share | — | $3.30 | $3.00 | $2.80 | $2.60 | $2.30 | $2.18 | $2.05 |