Waste Management annual operating margin
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2025
Waste Management Operating Margin Growth & History (WM)
Waste Management's operating margin was 17.09% for fiscal 2025.
View full Waste Management company overviewWaste Management annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 17.09% | −1.32 pp |
| 2024 | 2024-12-31 | 18.42% | +0.91 pp |
| 2023 | 2023-12-31 | 17.50% | +0.42 pp |
| 2022 | 2022-12-31 | 17.08% | +0.55 pp |
| 2021 | 2021-12-31 | 16.54% | +0.54 pp |
| 2020 | 2020-12-31 | 15.99% | −1.51 pp |
| 2019 | 2019-12-31 | 17.51% | −1.19 pp |
| 2018 | 2018-12-31 | 18.70% | +0.50 pp |
| 2017 | 2017-12-31 | 18.20% | +1.33 pp |
| 2016 | 2016-12-31 | 16.87% | +1.09 pp |
| 2015 | 2015-12-31 | 15.78% | −0.65 pp |
| 2014 | 2014-12-31 | 16.43% | +8.71 pp |
| 2013 | 2013-12-31 | 7.72% | −5.84 pp |
| 2012 | 2012-12-31 | 13.56% | −1.60 pp |
| 2011 | 2011-12-31 | 15.16% | −1.75 pp |
| 2010 | 2010-12-31 | 16.91% | +0.90 pp |
| 2009 | 2009-12-31 | 16.00% | −0.68 pp |
| 2008 | 2008-12-31 | 16.69% | −0.25 pp |
| 2007 | 2007-12-31 | 16.93% | — |
Waste Management quarterly operating margin
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 18.75% | +0.85 pp |
| Q1 2026 | 2026-03-31 | 17.87% | +1.04 pp |
| Q4 2025 | 2025-12-31 | 18.30% | +2.70 pp |
| Q3 2025 | 2025-09-30 | 15.35% | −4.60 pp |
| Q2 2025 | 2025-06-30 | 17.90% | −0.78 pp |
| Q1 2025 | 2025-03-31 | 16.83% | −2.86 pp |
| Q4 2024 | 2024-12-31 | 15.59% | +0.55 pp |
| Q3 2024 | 2024-09-30 | 19.95% | +0.31 pp |
| Q2 2024 | 2024-06-30 | 18.68% | +0.24 pp |
| Q1 2024 | 2024-03-31 | 19.69% | +2.83 pp |
| Q4 2023 | 2023-12-31 | 15.05% | −0.45 pp |
| Q3 2023 | 2023-09-30 | 19.64% | +1.08 pp |
| Q2 2023 | 2023-06-30 | 18.44% | +0.74 pp |
| Q1 2023 | 2023-03-31 | 16.86% | +0.39 pp |
| Q4 2022 | 2022-12-31 | 15.50% | +0.15 pp |
| Q3 2022 | 2022-09-30 | 18.56% | +1.28 pp |
| Q2 2022 | 2022-06-30 | 17.70% | +0.03 pp |
| Q1 2022 | 2022-03-31 | 16.48% | +0.67 pp |
| Q4 2021 | 2021-12-31 | 15.35% | −0.73 pp |
| Q3 2021 | 2021-09-30 | 17.28% | −0.33 pp |
| Q2 2021 | 2021-06-30 | 17.67% | +2.87 pp |
| Q1 2021 | 2021-03-31 | 15.81% | +0.44 pp |
| Q4 2020 | 2020-12-31 | 16.08% | −0.95 pp |
| Q3 2020 | 2020-09-30 | 17.61% | −0.89 pp |
| Q2 2020 | 2020-06-30 | 14.80% | −2.84 pp |
| Q1 2020 | 2020-03-31 | 15.37% | −1.44 pp |
| Q4 2019 | 2019-12-31 | 17.03% | −2.93 pp |
| Q3 2019 | 2019-09-30 | 18.50% | +0.21 pp |
| Q2 2019 | 2019-06-30 | 17.64% | −1.48 pp |
| Q1 2019 | 2019-03-31 | 16.80% | −0.52 pp |
| Q4 2018 | 2018-12-31 | 19.96% | +0.69 pp |
| Q3 2018 | 2018-09-30 | 18.29% | −0.58 pp |
| Q2 2018 | 2018-06-30 | 19.12% | +0.82 pp |
| Q1 2018 | 2018-03-31 | 17.32% | +1.10 pp |
| Q4 2017 | 2017-12-31 | 19.28% | +1.44 pp |
| Q3 2017 | 2017-09-30 | 18.86% | +3.08 pp |
| Q2 2017 | 2017-06-30 | 18.30% | +0.46 pp |
| Q1 2017 | 2017-03-31 | 16.22% | +0.23 pp |
| Q4 2016 | 2016-12-31 | 17.83% | +2.37 pp |
| Q3 2016 | 2016-09-30 | 15.78% | −2.10 pp |
| Q2 2016 | 2016-06-30 | 17.84% | +2.70 pp |
| Q1 2016 | 2016-03-31 | 15.99% | +1.52 pp |
| Q4 2015 | 2015-12-31 | 15.47% | −6.41 pp |
| Q3 2015 | 2015-09-30 | 17.89% | +2.73 pp |
| Q2 2015 | 2015-06-30 | 15.14% | +0.20 pp |
| Q1 2015 | 2015-03-31 | 14.47% | +0.66 pp |
| Q4 2014 | 2014-12-31 | 21.88% | +33.59 pp |
| Q3 2014 | 2014-09-30 | 15.16% | −0.78 pp |
| Q2 2014 | 2014-06-30 | 14.94% | +0.48 pp |
| Q1 2014 | 2014-03-31 | 13.81% | +1.76 pp |
| Q4 2013 | 2013-12-31 | −11.71% | −25.81 pp |
| Q3 2013 | 2013-09-30 | 15.93% | +1.49 pp |
| Q2 2013 | 2013-06-30 | 14.46% | +0.99 pp |
| Q1 2013 | 2013-03-31 | 12.05% | −0.12 pp |
| Q4 2012 | 2012-12-31 | 14.09% | −2.11 pp |
| Q3 2012 | 2012-09-30 | 14.45% | −0.97 pp |
| Q2 2012 | 2012-06-30 | 13.47% | −1.65 pp |
| Q1 2012 | 2012-03-31 | 12.17% | −1.59 pp |
| Q4 2011 | 2011-12-31 | 16.21% | −1.80 pp |
| Q3 2011 | 2011-09-30 | 15.42% | −1.40 pp |
| Q2 2011 | 2011-06-30 | 15.12% | −3.44 pp |
| Q1 2011 | 2011-03-31 | 13.76% | −0.28 pp |
| Q4 2010 | 2010-12-31 | 18.01% | +2.84 pp |
| Q3 2010 | 2010-09-30 | 16.82% | −0.55 pp |
| Q2 2010 | 2010-06-30 | 18.56% | +0.47 pp |
| Q1 2010 | 2010-03-31 | 14.04% | +0.80 pp |
| Q4 2009 | 2009-12-31 | 15.17% | −2.76 pp |
| Q3 2009 | 2009-09-30 | 17.37% | −0.75 pp |
| Q2 2009 | 2009-06-30 | 18.09% | — |
| Q1 2009 | 2009-03-31 | 13.24% | — |
| Q3 2008 | 2008-09-30 | 17.93% | — |
| Q2 2008 | 2008-06-30 | 18.11% | — |
Waste Management operating margin trends
Over the last five reported fiscal years, Waste Management's operating margin increased from 15.99% to 17.09%, a change of +1.10 percentage points. The latest reported quarter, Q2 2026, shows 18.75%.
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 Management filings at SEC.gov ↗