Republic Services (RSG) Q3 2026 Earnings
Adjusted EPS excludes $4 million of pre-tax restructuring charges ($3 million after tax, $0.01 per share) related primarily to the new accounts receivable system; GAAP diluted EPS was $1.93. Prior-year adjusted EPS of $1.90 excluded a $56 million labor disruption impact ($0.13 per share).
How Did RSG Stock React to Q3 2026 Earnings?
Did RSG Beat Earnings? Q3 2026 Results
Yes. Republic Services reported Q3 2026 earnings of $1.94 a share on Oct 29, 2026, beating the $1.93 consensus estimate by 0.6%. Revenue was $4.6B against a $4.4B estimate.
Republic Services delivered a broad beat in the third quarter of 2026, with adjusted EPS of $1.94 edging past the $1.93 consensus of $1.93 by 0.62% and marking the company's sixth consecutive quarter of beating analyst EPS estimates. Revenue of $4.56 billion topped expectations by 3.21% and rose 8.2% year over year, powered by a 4.8% organic contribution from recycling and waste and a standout performance in Environmental Solutions, whose segment revenue climbed to $529.00 million from $433.00 million a year earlier while its adjusted EBITDA margin expanded to 25.4% from 21.0%. The quarter's only material adjustment was $4.00 million in restructuring charges tied to a new accounts receivable system, a relatively clean result compared with the prior year's $56.00 million labor-disruption headwind. With momentum building, management raised full-year 2026 guidance to revenue of $17.43 billion to $17.48 billion, adjusted EBITDA of $5.55 billion to $5.58 billion, and adjusted free cash flow of $2.57 billion to $2.59 billion, while the board approved a new $5.00 billion buyback program running from 2027 through 2029.
- Total revenue growth of 8.2%: 4.8% organic recycling and waste, 2.1% environmental solutions, 1.3% acquisitions
- Core price added 5.3% on total revenue and 6.3% on related-business revenue (7.6% open market, 4.1% restricted)
- Average yield of 2.9% on total revenue; volume reduced revenue by 0.6%
- Fuel recovery fees contributed 1.8% to revenue growth
- Environmental Solutions adjusted EBITDA margin rose to 25.4% from 21.0%
- Average recycled commodity price of $142 per ton, up $16 per ton year over year
- Small- and large-container volumes up 0.5% each; special waste landfill volume up 6.4%
- Prior-year quarter included a $56 million labor disruption impact
“We delivered strong third quarter results that underscored the resilience of our business model and the effectiveness of our strategy.”
Republic Services CEO, on the earnings call
What Is Republic Services's Outlook?
Republic raised its full-year 2026 guidance to revenue of $17.425 billion to $17.475 billion, adjusted EBITDA of $5.550 billion to $5.575 billion, and adjusted free cash flow of $2.565 billion to $2.585 billion. The guidance assumes no significant change in the overall economy for the rest of 2026. It also anticipates net income attributable to Republic of $2,210–$2,220 million, cash from operations of $4,510–$4,570 million, and property and equipment received of $1,970–$2,010 million. Other anticipated items are DD&A and accretion of $2,025–$2,035 million, interest expense of $610 million, and about $200 million of losses from unconsolidated equity method investments.
RSG YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $4.6B | $4.2B | +8.2% |
| Operating Income | $921.0M | $836.0M | +10.2% |
| Net Income | $592.0M | $550.0M | +7.6% |
RSG Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.