---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-050425"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:28:34.647827+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WM Q1 adj. operating EBITDA +5.9%, cash flow +24%, reaffirms FY outlook

## Summary
- Revenue $6.23B (+3.5% YoY); adjusted EPS $1.81 vs $1.67 prior year.
- Adjusted operating EBITDA $1.85B, margin 29.8% (+70 bps); collection & disposal margin +110 bps.
- Cash from ops $1.5B (+24%); free cash flow $920M (nearly double prior year $475M).
- Returned $729M to shareholders: $385M dividends, $344M buybacks.
- Reaffirms full-year financial outlook; completed three recycling facilities adding ~300K tons capacity.

## SEC filing metadata
- accession: 0001104659-26-050425
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2026-04-28T23:59:59+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/823768/000110465926050425/0001104659-26-050425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465926050425/tm2612889d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-050425
- JSON: https://secwatch.observer/filing/0001104659-26-050425.json
- Plain text: https://secwatch.observer/filing/0001104659-26-050425.txt

## Key facts
- Earnings Releases
  WASTE MANAGEMENT INC reported first quarter of 2026 results: revenue $6,227, net income $723, EPS $1.79. Guidance reaffirmed.
  - Period: first quarter of 2026
  - Revenue: $6,227
  - Net income: $723
  - EPS: $1.79
  - Guidance: reaffirmed
  - Result: reported results
  source text: 31, 2026 (in millions, except per share amounts) March 31, 2025 (in millions, except per share amounts) As Reported As Adjusted (a) As Reported As Adjusted (a) Revenue $6,227 $6,227 $6,018 $6,018 Income from Operations $1,113 $1,118 $1,013 $1,059 Operating EBITDA (b) (c) $1,848 $1,853 $1,704 $1,750 Operating EBITDA Margin 29.7% 29.8% 28.3% 29.1%
  evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465926050425/0001104659-26-050425-index.htm

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