Waste Management, Inc. revenue by segment WM

Annual Quarterly

Waste Management, Inc. splits its revenue into 13 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was East Tier Region Areas at $9.0 billion, 36% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	26,070	25,204	22,063	20,426	19,698	17,931	15,218	15,455	14,914	14,485	13,609
Collection And Disposal	—	—	—	—	17,843 +10.8% share 90.6%	16,099 share 89.8%	—	—	—	—	—
East Tier Region Areas	—	9,037 +3.8% share 35.9%	8,703 +3.5% share 39.4%	8,412 share 41.2%	—	—	—	—	—	—	—
West Tier Region Areas	—	8,718 +5.2% share 34.6%	8,285 +4.4% share 37.6%	7,935 share 38.8%	—	—	—	—	—	—	—
Operating Segment.East Tier	—	—	—	—	—	7,540 +18.4% share 42.1%	6,370 -3.2% share 41.9%	6,579 share 42.6%	—	—	—
Operating Segment.West Tier	—	—	—	—	—	7,461 +13.3% share 41.6%	6,584 -1.5% share 43.3%	6,681 share 43.2%	—	—	—
Tier Three	—	—	—	—	—	—	—	5,177 +3.8% share 33.5%	4,986 +4.6% share 33.4%	4,768 share 32.9%	—
Tier One	—	—	—	—	—	—	—	4,995 +6.6% share 32.3%	4,685 +5.2% share 31.4%	4,454 share 30.7%	—
Tier Two	—	—	—	—	—	—	—	3,088 +4.6% share 20.0%	2,951 +0.2% share 19.8%	2,945 share 20.3%	—
All Other Segments	—	2,949 +8.1% share 11.7%	2,728 +8.3% share 12.4%	2,518 share 12.3%	—	2,930 +29.4% share 16.3%	2,264 +3.1% share 14.9%	2,195 -4.2% share 14.2%	2,292 -1.1% share 15.4%	2,318 share 16.0%	—
Healthcare Solutions	—	2,508 +522.3% share 10.0%	403 share 1.8%	—	—	—	—	—	—	—	—
Recycling Processing And Sales	—	1,492 -6.9% share 5.9%	1,603 +26.8% share 7.3%	1,264 -16.6% share 6.2%	1,516 -0.8% share 7.7%	1,528 share 8.5%	—	—	—	—	—
Renewable Energy	—	478 +50.3% share 1.9%	318 +16.5% share 1.4%	273 -12.5% share 1.3%	312 +13.0% share 1.6%	276 share 1.5%	—	—	—	—	—
Corporate And Other	—	22 -4.3% share 0.1%	23 -4.2% share 0.1%	24 -11.1% share 0.1%	27 -3.6% share 0.1%	28 share 0.2%	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Refuse Systems (SIC 4953)
Listed as: WM (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Houston, TX
SEC filer status: Large accelerated filer
SEC CIK: 823768
Former names: USA WASTE SERVICES INC (until Jul 10, 1998)

Other Refuse Systems companies

All 15 Refuse Systems companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.