# WM Q3 2026 Earnings Results

> Waste Management reports 6.3% revenue growth and strong cash flow as CEO retires.
- Title: WM Q3 2026 Earnings Results · The Motley Fool | Shortify
- Summary: Waste Management reports 6.3% revenue growth and strong cash flow as CEO retires. Waste Management Inc. achieved 6.3% revenue growth and $3.01 billion free…
- Keywords: waste management, revenue, free cash flow, ceo, james fish, john morris, q3 2026, earnings call, health care solutions, renewable energy, tuck in acquisitions, 2026
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/wm-wm-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T16:44:26+00:00
- Read time: 2 min
- Topics: waste management, wm, revenue, free cash flow, ceo, james fish, john morris, q3 2026, earnings call, health care solutions, renewable energy, tuck in acquisitions
## Q3 2026 Results
Waste Management reported 6.3% revenue growth and 5.8% core price increase in Q3 2026.
## Adjusted EBITDA Growth
Adjusted operating EBITDA rose 5.8% to $2.121 billion with healthcare solutions contributing 33% year-over-year growth.
## CEO Transition
Jim Fish will retire as CEO in January 2027 with John Morris named as successor after deliberate succession planning.
## Healthcare Solutions
Healthcare Solutions revenue reached $752 million with 5.5% core price and 15.2% SG&A ahead of schedule targets.
## Free Cash Flow
Free cash flow reached $3.01 billion through nine months of 2026, a 42% increase from prior year.
## Tuck-in Acquisitions
Completed $239 million in tuck-in acquisitions through nine months with $140 million expected to close in Q4.
## Renewable Energy
Renewable natural gas production reached 40% of 2027 production contracted with 18 facilities completed since 2022.
## Cost Management
SG&A expenses decreased to 9.3% of revenue, a 70 basis point improvement from prior year.
## Pricing Strategy
Core price reached 5.8% in collection and disposal operations with 3.4% collection and disposal yield.
## Q4 Guidance
Full-year revenue guidance of $26.275 billion to $26.475 billion with focus on high-end execution.
## RIN Pricing
Renewable Identification Numbers pricing slightly lower than prior year despite 35% EBITDA growth.
## Risk Management
Risk management costs increased 40 basis points year-over-year due to actuarial adjustments.
## Commercial Volume
Commercial volume down 1.3% due to national account broker losses expected to lap by Q1 2027.
## Residential Volume
Residential volume down 2.6% with improvement from 3.5% decline through nine months.
## Capital Expenditures
Capital expenditures declined 17% to $1.937 billion through nine months of 2026.
## Shareholder Returns
$2.72 billion returned through nine months via $1.58 billion share repurchases and $1.14 billion dividends.
## Key takeaway

Waste Management Inc. achieved 6.3% revenue growth and $3.01 billion free cash flow through Q3 2026 with CEO Jim Fish retiring in January 2027.