---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-071187"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2025-07-28T23:59:59+00:00"
generated_at: "2026-05-18T00:41:04.023959+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WM Q2 2025: revenue +19% to $6.43B, adjusted EPS $1.92, FCF guidance raised $125M

## Summary
- Q2 2025 revenue $6.430B (+19% total, +7.1% legacy); GAAP EPS $1.80, adjusted EPS $1.92 vs $1.82 prior year.
- Adjusted operating EBITDA $1.923B (29.9% margin); WM Healthcare Solutions contributed $110M. Legacy margin improved 150 bps.
- 2025 guidance: reaffirms adjusted EBITDA midpoint $7.550B, narrows range. Free cash flow raised to $2.8-$2.9B (up $125M).
- Revenue guidance lowered to $25.275-$25.475B due to lower recycled commodity prices and weather; EBITDA margin guidance raised to 29.6%-29.9%.
- Sustainability: 22% GHG reduction since 2021; three growth projects started. Cross-selling synergies target $300M by 2027.

## SEC filing metadata
- accession: 0001104659-25-071187
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2025-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465925071187/0001104659-25-071187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465925071187/tm2521801d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-071187
- JSON: https://secwatch.observer/filing/0001104659-25-071187.json
- Plain text: https://secwatch.observer/filing/0001104659-25-071187.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.