RB Global (RBA) Q3 2026: Revenue Beats and Guidance Surges
As seen on the 24/7 Wall St. homepage on November 9, 2026.
RB Global lifted its full-year gross transaction value growth target to 14% to 15% from 9% to 11%, a rare mid-quarter jump of that size. Revenue came in above expectations, with all three segments posting double-digit GTV gains. Keep an eye on the stock: adjusted EBITDA guidance moved higher too.
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RB Global posted third-quarter 2026 revenue of $1.27 billion, beating expectations and rising 16.6% from the same period a year earlier. Adjusted EPS came in at $1.03, beating the $1.00 consensus. The numbers extended a consistent pattern of outperformance: the company has topped earnings estimates in each of the past eight quarters.
Total GTV rose 20% year over year to $4.68 billion, with automotive GTV climbing 18% to $2.53 billion and heavy equipment and transportation GTV advancing 19% to $1.93 billion. All three business segments delivered double-digit GTV growth, pointing to broad-based momentum.
Management responded to the strong quarter by raising its full-year GTV growth target to 14% to 15%, a significant step up from the prior guidance range of 9% to 11%. Adjusted EBITDA guidance was also moved higher, and the full-year tax rate outlook was nudged down to 22% to 24% from 23% to 25%. CEO Jim Kessler cited market share gains and improving operating leverage as the key drivers heading into the fourth quarter.
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Adjusted EBITDA for the quarter reached $370.9 million, up 13% year over year. GTV expansion and higher inventory returns were the primary contributors, though a 186-basis-point compression in the service revenue take rate and a 5% decline in marketplace services revenue were headwinds worth watching. Inventory sales revenue, by contrast, surged 40% on higher heavy equipment and transportation volumes.
On the capital return front, RB Global repurchased and retired roughly 3.9 million shares for $350 million during the quarter as part of its Normal Course Issuer Bid, with $500 million remaining available under the program as of September 30, 2026. The company also declared a quarterly cash dividend of $0.33 per common share, payable December 17, 2026, to shareholders of record as of November 25, 2026. Adjusted net debt to adjusted EBITDA rose to 1.8 times from 1.4 times a year ago, a leverage increase investors will want to monitor as acquisition integration continues.
Mentioned: RBA