Republic Services (RSG) Q2 2026 Earnings
How Did RSG Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −1.40%.
Did RSG Beat Earnings? Q2 2026 Results
Yes. Republic Services reported Q2 2026 earnings of $1.85 a share on Aug 6, 2026, beating the $1.82 consensus estimate by 1.7%. Revenue was $4.4B against a $4.4B estimate.
Republic Services posted a mixed second quarter for 2026, topping revenue expectations while falling short on the bottom line, ending a five-quarter streak of adjusted EPS beats. The waste management giant reported adjusted diluted EPS of $1.85, missing the $1.94 consensus by 4.47%, as a surge in losses from unconsolidated equity method investments, which ballooned to $58 million from just $2 million a year ago, weighed heavily on pre-tax income. Revenue, however, told a more encouraging story, climbing 4.6% year-over-year to $4.43 billion, edging past the $4.36 billion estimate by 1.51%, supported by 5.3% core price improvement and acquisition contributions. Adjusted EBITDA reached $1.42 billion at a 32.1% margin, holding firm despite a 50-basis-point headwind from prior-year landfill volumes. Management responded to the solid operational picture by raising full-year 2026 guidance, lifting adjusted diluted EPS to $7.23–$7.28 and revenue to $17.20–$17.30 billion, while also approving a roughly 7% dividend increase to $0.67 per share, a move that has drawn renewed institutional interest from <a href="https://247wallst.com/investing/2026/06/25/this-high-conviction-dividend-stock-just-triggered-a-rare-buying-opportunity-for-passive-income-investors/">income-focused investors</a>.
- Core price on total revenue increased revenue by 5.3%; core price on related business revenue increased revenue by 6.4%
- Average yield on total revenue grew 3.4%
- Pricing in excess of cost inflation supported revenue and EBITDA growth
- Acquisitions contributed 1.1% to total revenue growth
- Adjusted EBITDA margin of 32.1% remained consistent with the prior year despite 50 basis points of margin headwind from event-driven landfill volumes in the prior year
“Our second quarter results reflect the strength and resilience of our business model, as we continue to execute our strategy and deliver differentiated value for our customers.”
Republic Services CEO, on the earnings call
What Is Republic Services's Outlook?
Republic Services increased its full-year 2026 financial guidance: Revenue of $17.200–$17.300 billion; Adjusted EBITDA of $5.525–$5.550 billion; Adjusted diluted EPS of $7.23–$7.28; Adjusted free cash flow of $2.540–$2.575 billion. The company anticipates full-year cash provided by operating activities of $4.485–$4.560 billion and property and equipment received of $1.970–$2.010 billion. Guidance assumes no significant changes in the overall economy for the remainder of 2026.
RSG YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $4.4B | $4.2B | +4.6% |
| Gross Profit | $1.9B | $1.3B | +44.2% |
| Operating Income | $901.0M | $870.0M | +3.6% |
| Net Income | $566.0M | $550.0M | +2.9% |
RSG Revenue by Segment
When Does Republic Services Report Next?
Figures from SEC filings and company reports. Not investment advice.