WM Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), WM reported revenue of $6.4B, gross profit of $2.6B (40.5% gross margin), operating income of $989M, and net income of $603M (9.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
WM was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
WM Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $6.4B | 100% |
| Cost of Revenue | −$3.8B | 59.5% |
| Gross Profit | $2.6B | 40.5% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$1.6B | 25.2% |
| Operating Income | $989M | 15.3% |
| Interest Expense | −$225M | 3.5% |
| Other Income, net | $11M | 0.2% |
| Income Tax Expense | −$172M | 2.7% |
| Net Income | $603M | 9.4% |
Source: original SEC filing (filed 2025-10-27). Accession 0001104659-25-102615. Data normalized by EarningsFyi.