WM · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

WASTE MANAGEMENT INC · 2026-07-29 · Importance 49 · Surprise 32 · In source text

Second-quarter 2026 revenue was $6,684 million, up $254 million, or 4.0%, from $6,430 million in the prior-year quarter. Collection and Disposal revenue growth was driven by higher yield, including a 3.6% average-yield increase, while energy surcharge and mandated-fee revenue increased $102 million because diesel prices rose approximately 50%. Recycling Processing and Sales and Renewable Energy revenue growth was partly offset by $6 million of lower yield, including approximately 10% lower single-stream recycled commodity prices, and Healthcare Solutions revenue decreased $30 million, or 0.5%, because volume declines exceeded pricing gains. Six-month revenue was $12,911 million, up 3.7%, with acquisitions contributing $59 million, while volume excluding acquisitions and divestitures decreased $10 million, or 0.1%.

Key facts

• Net income attributable to Waste Management, Inc. for the second quarter of 2026 was $785 million, or $1.95 per diluted share, compared to $726 million, or $1.80 per diluted share, in the prior year period, a $59 million increase. source
• Revenues for the second quarter of 2026 were $6,684 million, compared to $6,430 million in the prior year period, an increase of $254 million, or 4.0%. source
• Revenues attributable to energy surcharge and mandated fees increased $102 million and $122 million for the three and six months ended June 30, 2026, respectively, versus the prior year periods. source
• Revenues from volume (excluding acquisitions/divestitures and Healthcare Solutions) decreased $22 million, or 0.3%, and $10 million, or 0.1%, for the three and six months ended June 30, 2026, respectively, versus the prior year periods. source
• Collection and Disposal average yield increased 3.6% for the three months and 3.7% for the six months ended June 30, 2026 versus prior year periods. source
• Recycling Processing and Sales revenues attributable to yield decreased $2 million and $30 million for the three and six months ended June 30, 2026, respectively, versus the prior year periods. source
• Renewable Energy revenues attributable to yield decreased $4 million and $13 million for the three and six months ended June 30, 2026, respectively, versus the prior year periods primarily due to lower RNG pricing, partially offset by higher electricity prices. source
• Municipal solid waste achieved landfill average yield of 5.2% and 5.9% for the three and six months ended June 30, 2026, respectively. source

Impact estimates