WM · 10-Q · 2026Q2 · Full report

Competition and Pricing Pressure

WASTE MANAGEMENT INC · 2026-07-29 · Importance 10 · Surprise 6

Waste Management competes with governmental, quasi-governmental, and private providers, with pricing the primary competitive factor, particularly in residential services. Economic conditions, consumer spending, business expansion, and construction activity influence waste volumes and can affect the company’s ability to negotiate, renew, or expand customer contracts. The company’s Collection and Disposal pricing actions produced yield growth across commercial, industrial, residential, landfill, and transfer services, while municipal solid waste landfill yield was especially strong. Recyclable commodity pricing remained pressured, with single-stream recycled commodity prices down about 10% in the quarter and 20% for the first six months versus the prior year.