Waste Connections annual operating margin
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Waste Connections Operating Margin Growth & History (WCN)
Waste Connections's operating margin was 18.06% for fiscal 2025.
View full Waste Connections company overviewWaste Connections annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 18.06% | +6.09 pp |
| 2024 | 2024-12-31 | 11.97% | −3.44 pp |
| 2023 | 2023-12-31 | 15.41% | −1.81 pp |
| 2022 | 2022-12-31 | 17.22% | +0.32 pp |
| 2021 | 2021-12-31 | 16.90% | +9.33 pp |
| 2020 | 2020-12-31 | 7.57% | −7.97 pp |
| 2019 | 2019-12-31 | 15.55% | −1.36 pp |
| 2018 | 2018-12-31 | 16.91% | +3.36 pp |
| 2017 | 2017-12-31 | 13.54% | +0.14 pp |
| 2016 | 2016-12-31 | 13.40% | +16.59 pp |
| 2015 | 2015-12-31 | −3.20% | −25.56 pp |
| 2014 | 2014-12-31 | 22.36% | +10.87 pp |
| 2013 | 2013-12-31 | 11.50% | −1.04 pp |
| 2012 | 2012-12-31 | 12.53% | +17.34 pp |
| 2011 | 2011-12-31 | −4.80% | −17.71 pp |
| 2010 | 2010-12-31 | 12.90% | — |
Waste Connections quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 17.08% | −2.01 pp |
| Q1 2026 | 2026-03-31 | 15.36% | −2.15 pp |
| Q4 2025 | 2025-12-31 | 17.73% | +26.54 pp |
| Q3 2025 | 2025-09-30 | 17.88% | −2.45 pp |
| Q2 2025 | 2025-06-30 | 19.09% | +0.20 pp |
| Q1 2025 | 2025-03-31 | 17.51% | −0.18 pp |
| Q4 2024 | 2024-12-31 | −8.81% | −19.84 pp |
| Q3 2024 | 2024-09-30 | 20.33% | +3.23 pp |
| Q2 2024 | 2024-06-30 | 18.89% | +1.86 pp |
| Q1 2024 | 2024-03-31 | 17.70% | +1.14 pp |
| Q4 2023 | 2023-12-31 | 11.03% | −5.66 pp |
| Q3 2023 | 2023-09-30 | 17.10% | −0.29 pp |
| Q2 2023 | 2023-06-30 | 17.03% | −1.12 pp |
| Q1 2023 | 2023-03-31 | 16.56% | −0.08 pp |
| Q4 2022 | 2022-12-31 | 16.69% | +1.34 pp |
| Q3 2022 | 2022-09-30 | 17.38% | −0.47 pp |
| Q2 2022 | 2022-06-30 | 18.14% | +0.75 pp |
| Q1 2022 | 2022-03-31 | 16.64% | −0.44 pp |
| Q4 2021 | 2021-12-31 | 15.35% | +1.25 pp |
| Q3 2021 | 2021-09-30 | 17.85% | +1.25 pp |
| Q2 2021 | 2021-06-30 | 17.39% | +35.19 pp |
| Q1 2021 | 2021-03-31 | 17.08% | +1.03 pp |
| Q4 2020 | 2020-12-31 | 14.10% | −0.16 pp |
| Q3 2020 | 2020-09-30 | 16.60% | −0.15 pp |
| Q2 2020 | 2020-06-30 | −17.79% | −34.01 pp |
| Q1 2020 | 2020-03-31 | 16.04% | +1.19 pp |
| Q4 2019 | 2019-12-31 | 14.26% | −1.59 pp |
| Q3 2019 | 2019-09-30 | 16.75% | −1.43 pp |
| Q2 2019 | 2019-06-30 | 16.22% | −0.77 pp |
| Q1 2019 | 2019-03-31 | 14.85% | −1.70 pp |
| Q4 2018 | 2018-12-31 | 15.85% | +0.73 pp |
| Q3 2018 | 2018-09-30 | 18.18% | +0.04 pp |
| Q2 2018 | 2018-06-30 | 16.99% | −0.61 pp |
| Q1 2018 | 2018-03-31 | 16.55% | +14.13 pp |
| Q4 2017 | 2017-12-31 | 15.12% | +1.85 pp |
| Q3 2017 | 2017-09-30 | 18.13% | +3.51 pp |
| Q2 2017 | 2017-06-30 | 17.60% | +8.87 pp |
| Q1 2017 | 2017-03-31 | 2.42% | −15.26 pp |
| Q4 2016 | 2016-12-31 | 13.27% | +81.74 pp |
| Q3 2016 | 2016-09-30 | 14.62% | −6.08 pp |
| Q2 2016 | 2016-06-30 | 8.73% | — |
| Q1 2016 | 2016-03-31 | 17.68% | — |
| Q3 2015 | 2015-09-30 | −68.47% | — |
| Q2 2015 | 2015-06-30 | 20.71% | — |
Waste Connections operating margin trends
Over the last five reported fiscal years, Waste Connections's operating margin increased from 7.57% to 18.06%, a change of +10.49 percentage points. The latest reported quarter, Q2 2026, shows 17.08%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Waste Connections filings at SEC.gov ↗