In the third quarter, GTV rose 20% to $4.7 billion, service revenue grew 10% and adjusted EBITDA increased 13%. RB Global raised its 2026 outlook to 14% to 15% GTV growth and 9.7% adjusted EBITDA growth at the midpoint.
RBA · Rb Global Inc.
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RB Global, Inc. reported third-quarter 2026 GTV of $4.7 billion, up 20%, revenue of $1.3 billion, up 17%, and net income of $140.2 million, up 47%. Diluted adjusted EPS rose 11% to $1.03 per share.
RB Global, Inc. reported third-quarter GTV growth of 20% and revenue growth of 17%, while raising full-year 2026 GTV growth outlook to 14% to 15% and adjusted EBITDA to $1,525 to $1,545 million. It also declared a $0.33 cash dividend.
RB Global appointed Steve Steinberg CFO effective October 7, 2026 and announced Eric Guerin’s and Steve Lewis’s departures. It expects full year 2026 results at the high end of its August 4, 2026 outlook.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. RB Global posted Q2 2026 GTV growth of 11% and adjusted EBITDA growth of 6%, raised its full-year 2026 GTV outlook to 9%–11% (from 6%–9%), and completed the Big Iron acquisition expanding its U.S. agriculture platform, while service revenue take rate compressed 110 bps and management flagged a more deliberate HE&T customer environment plus diesel cost pressure.
- + Raised full-year 2026 GTV growth outlook to 9%–11% from prior 6%–9%, with adjusted EBITDA midpoint growth of ~8.6%
- + Adjusted EBITDA grew 6% to $387.2M, outpacing 5% service revenue growth, with adjusted EBITDA dollars prioritized over take rate
- − Service revenue take rate declined 110 bps YoY to 20.0%, pressured by acquisition mix and automotive volume-related price incentives
- − Management cited absorbing higher diesel costs in Q2 due to the Iran war as an unexpected headwind
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $1.46B | twelve months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income 483.8M
+509.3M Add: depreciation and amortization
+180.6M Add: interest expense
-13.8M Less: interest income
+122.6M Add: income tax expense
+70.3M Stock-based compensation expense
+27.5M Acquisition-related and integration costs
+19.1M Restructuring costs
-2.7M Gain on disposition of property, plant and equipment and related costs
+47.9M Executive transition costs
-3.9M (Gain) loss on divestiture and deconsolidation, net and related costs
+16.5M Other legal, advisory and non-income tax expense
= Adjusted EBITDA 1.46B
|
|||
| Adjusted net debt/adjusted EBITDA non-GAAP | 1.6 | twelve months ended June 30, 2026 | — |
| Adjusted net income available to common stockholders non-GAAP | $400.1M | Six months ended June 30, 2026 | — |
| Automotive GTV | 2.45B | the three months ended June 30, 2026 filing | — |
| Automotive lots sold | 658.8K | the three months ended June 30, 2026 filing | — |
| Canada GTV | 823.1M | the three months ended June 30, 2026 filing | — |
| Common shares repurchased and retired | 1.5M | During the second quarter | — |
| Diluted adjusted earnings per share available to common stockholders non-GAAP | $2.14 | Six months ended June 30, 2026 | — |
| Gross Transaction Value (GTV) | $9.01B | Six months ended June 30, 2026 | — |
| Heavy Equipment & Transportation GTV | $2.08B | three months ended June 30, 2026 | — |
| Heavy Equipment & Transportation lots sold | 200K | the three months ended June 30, 2026 filing | — |
| International GTV | 420.8M | the three months ended June 30, 2026 filing | — |
| Inventory GTV | 383.7M | the three months ended June 30, 2026 filing | — |
| Inventory rate | 5.9% | three months ended June 30, 2026 | — |
| Inventory return | $22.8M | three months ended June 30, 2026 | — |
| Other GTV | $147.4M | three months ended June 30, 2026 | — |
| Other lots sold | 52.4K | the three months ended June 30, 2026 filing | — |
| Service GTV | 4.29B | the three months ended June 30, 2026 filing | — |
| Service revenue take rate | 20% | three months ended June 30, 2026 | — |
| Share repurchase proceeds | $150M | During the second quarter | — |
| Total lots sold | 911.2K | three months ended June 30, 2026 | — |
| United States GTV | 3.43B | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Business Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RBA
this stock
Rb Global Inc.
|
$17.25B | -7.5% | +7.2% | 36.6 | 10.1% |
|
CTAS
Cintas Corp
|
$89.83B | +20.3% | +6.4% | 44.6 | 2.6% |
|
RELX
Relx PLC
|
$70.27B | +0.2% | — | — | 0.2% |
|
TRI
Thomson Reuters Corp
|
$47.38B | -17.1% | — | — | 2.6% |
|
CPRT
Copart Inc
|
$29.49B | -18.7% | +24.7% | 20.5 | 4.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 9, 2026
- This year
- 21
RB Global, Inc. reported third-quarter GTV growth of 20% and revenue growth of 17%, while raising full-year 2026 GTV growth outlook to 14% to 15% and adjusted EBITDA to $1,525 to $1,545 million. It also declared a $0.33 cash dividend.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RBA | +1.7% | +12.9% | -9.5% | +6.1% | -7.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -0.9% | +14.0% | -10.0% | +6.3% | -18.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.