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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.68B | $6.23B | $6.31B | $6.44B | $6.43B | $6.02B | $5.89B | $5.61B |
| Cost of revenue | $3.96B | $3.69B | $3.69B | $3.83B | $3.80B | $3.61B | $3.55B | $3.40B |
| Gross profit | $2.73B | $2.53B | $2.62B | $2.61B | $2.63B | $2.41B | $2.34B | $2.21B |
| Gross margin | 40.8% | 40.7% | 41.5% | 40.5% | 40.9% | 40.0% | 39.7% | 39.4% |
| Selling, general and administrative | $683.00M | $707.00M | $674.00M | $665.00M | $696.00M | $687.00M | $747.00M | $525.00M |
| Operating expenses | $1.48B | $1.42B | $1.47B | $1.62B | $1.48B | $1.39B | $1.42B | $1.09B |
| Operating income | $1.25B | $1.11B | $1.16B | $989.00M | $1.15B | $1.01B | $919.00M | $1.12B |
| Operating margin | 18.7% | 17.9% | 18.3% | 15.3% | 17.9% | 16.8% | 15.6% | 20.0% |
| EBITDA | $2.05B | $1.83B | $1.95B | $1.96B | $1.93B | $1.72B | $1.59B | $1.74B |
| Interest income | $0 | $0 | −$223.00M | −$225.00M | $0 | $0 | −$201.00M | −$131.00M |
| Interest expense | −$233.00M | −$225.00M | $0 | — | −$232.00M | −$232.00M | $0 | — |
| Income before taxes | $1.02B | $891.00M | $935.00M | $775.00M | $928.00M | $788.00M | $700.00M | $995.00M |
| Income taxes | $238.00M | $168.00M | $193.00M | $172.00M | $201.00M | $151.00M | $102.00M | $235.00M |
| Net income | $786.00M | $723.00M | $742.00M | $603.00M | $727.00M | $637.00M | $598.00M | $760.00M |
| Net margin | 11.8% | 11.6% | 11.8% | 9.4% | 11.3% | 10.6% | 10.1% | 13.5% |
| EPS, basic | $1.96 | $1.79 | $1.84 | $1.50 | $1.80 | $1.58 | $1.49 | $1.89 |
| EPS, diluted | $1.95 | $1.79 | $1.84 | $1.49 | $1.80 | $1.58 | $1.48 | $1.88 |
| Diluted shares | 402.40M | 404.40M | 404.30M | 404.30M | 404.30M | 403.90M | 403.70M | 403.20M |
Figures describe Waste Management shares, not any token. As of Jul 29, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.