WM · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

WASTE MANAGEMENT INC · 2026-10-28 · Importance 43 · Surprise 32 · Matches filing data

Third-quarter 2026 revenue was $6,846 million, up $403 million (6.3%) from $6,443 million in the prior-year quarter; nine-month revenue rose 4.6%, from $18,891 million to $19,757 million. Collection and Disposal average yield increased 3.4% in the quarter and 3.6% year to date, while energy surcharge and mandated-fee revenue increased $112 million and $234 million, respectively. Recycling Processing and Sales yield revenue increased $51 million for the quarter, but Renewable Energy yield revenue decreased $8 million, primarily because of lower RNG pricing. Volume added $53 million (0.8%) in the quarter, as Recycling Processing and Sales and Renewable Energy growth was largely offset by lower collection volumes, including the intentional shedding of lower-margin residential business.

Key facts

• Q3 2026 revenue was $6,846 million, up $403 million, or 6.3%, from $6,443 million in Q3 2025. source
• Revenue from volume, excluding acquisitions, divestitures, and Healthcare Solutions, increased $53 million, or 0.8%, in Q3 2026 and $43 million, or 0.2%, in the nine months ended September 30, 2026. source
• Q3 and nine-month 2026 Recycling Processing and Sales yield revenue increased $51 million and $21 million, respectively, compared with the prior-year periods. source
• Q3 and nine-month 2026 Renewable Energy yield revenues decreased $8 million and $20 million, respectively, mainly because of lower RNG prices, partly offset by higher electricity prices. source
• Q3 2026 revenue growth was primarily due to higher Collection and Disposal yield, higher energy surcharge, Recycling Processing and Sales yield and volume growth, and Renewable Energy volume growth; lower Collection and Disposal volumes and lower RNG prices partially offset the increases. source
• Recycling Processing and Sales and Renewable Energy volume growth was primarily driven by recycling automation and growth projects and new renewable natural gas plants; increases were largely offset by lower collection volumes, including intentional shedding of lower-margin residential business and lower commercial collection volumes. source
• Nine-month 2026 special waste volumes declined compared with the prior-year period, which benefited from wildfire cleanup activities in the West Tier. source
• Healthcare Solutions revenue was relatively unchanged in Q3 2026 and decreased $42 million, or 0.2%, for the nine months ended September 30, 2026, as pricing contributions were meaningfully offset by volume declines. source

Impact estimates