Earnings Releases·Nov 9, 2026, 8:02 AM ET

RB Global — Third Quarter 2026 Earnings Summary

**Financial Performance:** Third quarter 2026 revenue rose 17% YoY to $1.3 billion, driven by a 20% increase in Gross Transaction Value (GTV) to $4.7 billion; net income available to common stockholders surged 59% YoY to $128.7 million, while diluted adjusted EPS increased 11% to $1.03.
**Guidance Revisions:** The company raised full-year 2026 GTV growth guidance to 14–15% (from 9–11%) and adjusted EBITDA guidance to $1.525–$1.545 billion (from $1.495–$1.545 billion), alongside a revised tax rate outlook of 22–24%.
**Capital Allocation:** RB Global repurchased and retired 3.9 million shares for $350 million in the quarter, with $500 million remaining under the NCIB, and declared a quarterly cash dividend of $0.33 per share payable in December 2026.
**Segment Growth:** All sectors posted strong GTV growth, with Automotive up 18%, Heavy Equipment & Transportation up 19% (aided by acquisitions), and Other sectors surging 88% due to new real estate transaction volumes.
**Balance Sheet & Margins:** Adjusted net debt increased to $2.66 billion with a debt-to-EBITDA ratio of 1.8x, while service revenue take rates declined 186 basis points to 19.8% due to strategic portfolio mix changes.