---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-007476"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2026-01-28T23:59:59+00:00"
generated_at: "2026-05-16T07:15:19.906947+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WM Q4 adj EPS $1.93, FY record margin 30.1%; guides FY2026 FCF ~$3.8B, dividend to $3.78

## Summary
- Q4 revenue $6,313M (+7.1% YoY), adjusted diluted EPS $1.93 vs $1.70 YoY.
- FY adjusted operating EBITDA margin 30.1% (first >30%), operating cash flow $6.04B (+12.1%), free cash flow $2.94B (+26.8%).
- Healthcare Solutions revenue $2,508M; adjusted EBITDA margin 16.9%, up from 1.0% in 2024.
- 2026 guidance: revenue $26.4-$26.6B, adjusted operating EBITDA $8.15-$8.25B, free cash flow $3.75-$3.85B (~29% growth).
- Board indicates intention to increase annual dividend by $0.48 to $3.78/share; expects ~$2B share repurchases in 2026.

## SEC filing metadata
- accession: 0001104659-26-007476
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2026-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465926007476/0001104659-26-007476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465926007476/tm264211d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-007476
- JSON: https://secwatch.observer/filing/0001104659-26-007476.json
- Plain text: https://secwatch.observer/filing/0001104659-26-007476.txt

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