Waste Management, Inc.: EPS $2.15 vs $2.18 expected; revenue $6.85B vs $6.81B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 2.15 | 2.18 | −1.4% | 1.98 |
| Revenue (USD bn) | 6.85 | 6.81 | +0.5% | 6.44 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Q3 FY2026 | 2.15 | 2.18 | −1.4% | 6.85 | 6.81 | +0.5% |
| Jul 28, 2026 | Q2 FY2026 | 2.02 | 1.98 | +2.0% | 6.68 | 6.71 | −0.4% |
| Apr 28, 2026 | Q1 FY2026 | 1.81 | 1.75 | +3.4% | 6.23 | 6.28 | −0.8% |
| Jan 28, 2026 | Q4 FY2025 | 1.93 | 1.95 | −1.0% | 6.31 | 6.39 | −1.2% |
| Oct 27, 2025 | Q3 FY2025 | 1.98 | 2.01 | −1.5% | 6.44 | 6.49 | −0.8% |
| Jul 28, 2025 | Q2 FY2025 | 1.92 | 1.89 | +1.6% | 6.43 | 6.36 | +1.1% |
| Apr 28, 2025 | Q1 FY2025 | 1.67 | 1.59 | +5.0% | 6.02 | 6.11 | −1.5% |
| Jan 29, 2025 | Q4 FY2024 | 1.70 | 1.80 | −5.6% | 5.89 | 5.84 | +1.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Waste Management, Inc. results: EPS $2.15 vs $2.18 expected; revenue $6.85B vs $6.81B. The results cover the company's Q3 FY2026. EPS came in below analysts' estimate by 1.4%; revenue above the estimate by 0.5%.
Revenue was up 6.3% from $6.44 billion a year earlier (Q3 FY2025). EPS was up 8.6% from $1.98 a year earlier. On its record, EPS topped analysts' estimates in 4 of 7 earlier comparable reports.
What the results mean
Waste Management, Inc. operates an interconnected network for waste collection, transportation, processing, and disposal, serving residential, commercial, industrial, and municipal customers. This model makes network efficiency and service mix important to understanding the company's performance and profitability.
Revenue growth supports the scale of the business, but does not by itself explain the source of growth or its effect on profitability. Business drivers include waste volumes, materials processing and the marketing of recyclables, alongside landfill gas-to-energy operations. The available information does not establish how these activities contributed to the results.
What to watch on the earnings call: The call warrants attention to management's explanation of revenue growth sources and the roles of demand and service mix in profitability. Other useful topics include efficiency across collection, transportation, and disposal operations, conditions for marketing recyclable materials, and spending priorities across the facility network.
For the full analysis of Waste Management, Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.