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RB Global (RBA) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 4, 2026 · RB Global (RBA) Q2 2026 earnings results →

Q2 2026 Revenue up 11% year over year to $1.3B · 11¢ of every $1 of revenue kept as net profit · operating margin 17.1%

RB Global made $1.3B in Q2 2026 (+11% Y/Y): Service revenue $933M, Inventory sales revenue $384M. Operating margin 17.1%, net earnings $144M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.

Revenue$1.3B
Year over year+11%
Operating margin17.1%
Net earnings$144M
Operating cash flow$142M

Drawing the Sankey…

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RB Global Q2 2026 revenue breakdown: Sankey diagram of revenue (Service revenue, Inventory sales revenue), costs, profit and cash flow
RB Global Q2 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.3B in Q2 2026, up 11% year over year and up 7% from the previous quarter. Transactional buyer revenue was the largest line at 46% of revenue. Inventory sales revenue added $0.08B year over year (up 28%), 65% of the total change. Marketplace services revenue declined 3%.

Operating profit was $0.22B, a 17.1% margin (up 1.2 points year over year). Of the extra revenue versus Q2 2025, 28% reached operating profit, above the 16% margin then. Total costs grew 10% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $0.14B, up 31% year over year. The effective tax rate was 22.8%.

Operating cash flow was $0.14B (down 57% year over year), 99% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.08B left free cash flow of $0.06B.

Quarterly history

RB Global revenue by quarterRB Global revenue by quarter$1.1BQ4 2024$1.1BQ1 2025$1.2BQ2 2025$1.1BQ3 2025$1.2BQ4 2025$1.2BQ1 2026$1.3BQ2 2026
RB Global net earnings by quarterRB Global net earnings by quarter$118MQ4 2024$113MQ1 2025$110MQ2 2025$95.2MQ3 2025$109MQ4 2025$136MQ1 2026$144MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 4, 2026$1.3B+11%17.1%$144M$142M
Q1 202610-QMay 4, 2026$1.2B+11%17.6%$136M$224M
Q4 202510-KFeb 25, 2026$1.2B+5%14.7%$109M$255M
Q3 202510-QNov 6, 2025$1.1B+11%14.5%$95.2M$240M
Q2 202510-QAug 6, 2025$1.2B+8%15.9%$110M$326M
Q1 202510-QMay 7, 2025$1.1B+4%17.1%$113M$157M
Q4 202410-KFeb 26, 2025$1.1B+10%18.1%$118M$184M

Charts

RB Global: revenue growth, year over year and quarter over quarterRB Global: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q4 2024+4%-3%Q1 2025+8%+7%Q2 2025+11%-8%Q3 2025+5%+10%Q4 2025+11%+3%Q1 2026+11%+7%Q2 2026
Latest (Q2 2026): Y/Y +11%, Q/Q +7%.
RB Global: where the cash came from (+) and went (−), TTM to Q2 2026RB Global: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow$861MAcquisitions−$524MDividends−$266MCapital spending−$250MNet borrowing (+) / repaid (−)$201MCash drawn (+) / kept (−)$200MOther financing−$114MOther investing−$82.4MTaxes on employees’ shares−$22.9MExchange rates−$8.8MAsset & business sales$6.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
RB Global: profit against cash, quarter by quarterRB Global: profit against cash, quarter by quarterNet incomeOperating cash flow$76.0M$285MQ3 2024$118M$184MQ4 2024$113M$157MQ1 2025$110M$326MQ2 2025$95.2M$240MQ3 2025$109M$255MQ4 2025$136M$224MQ1 2026$144M$142MQ2 2026
Latest (Q2 2026): Net income $144M, Operating cash flow $142M.
RB Global: diluted shares by fiscal yearRB Global: diluted shares by fiscal year110MFY2020111MFY2021112MFY2022168MFY2023185MFY2024187MFY2025
+69.4% since FY2020: more shares outstanding (issuance, stock pay).
RB Global: long-term debt falling due (FY2025)RB Global: long-term debt falling due (FY2025)$51.2M2026$51.2M2027$601M2028$51.2M2029$794M2030$800MLater
Cash $532M, short-term investments —, long-term debt $2.3B at 2025-12-31.
RB Global in its industry: growth against margin (87 companies, SIC 7389)RB Global in its industry: growth against margin (87 companies, SIC 7389)revenue growth, year over year →↑ operating marginmedian +8%median 7%ACNUBERVMELIMAPYPLFISVDASHAMTMFISGPNEBAYCNXCLYFTBRCPAYFOURMMSTNETAKAMCARTWUCSGPADVMSCIWEXZGCBZETSYFICOTICEXLSCNDTRELYALITMBGLQNSTMAXPAYHQYPAYOPRTHCTEVXMTRFLYWGETYANDGNUTXACVAXBPSEZLIMXILQDTPHRRMNIRPAYRGPSCORJANLCASSAMWLSGRPDHXBAERPAYSOPRXNOTEHGBLPOWWRSSSDVLTPAYDQMCIINVUTGLASFHCJMBOLBXHLDFTFTDBMMCNFNSRCOGBUXWASTBCRDRBA (+11%, 17%)
Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About RB Global

Established in 1958, the Company is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through our global network of auction sites and digital platform, we serve customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. Our marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers.

In its own words, from its 10-K, filed Feb 25, 2026.

RB Global against its Services-Business Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +11%. Operating margin: 17.1% against the peers' median 15.3%.

CompanyQuarterRevenueY/YOp. margin
RBA RB GlobalQ2 2026$1.3B+11%17.1%
ACN AccentureQ4 FY26$18.7B+6%15.3%
UBER Uber TechnologiesQ3 2026$14.8B+10%9.8%
V VisaQ4 FY26$12.1B+13%59.8%
MELI MercadoLibreQ3 2026$10.8B+45%6.3%
MA MastercardQ3 2026$9.8B+14%59.8%
PYPL PayPal HoldingsQ3 2026$8.6B+2%16.3%
FISV FiservQ3 2026$5.2B-1%-105.7%
DASH DoorDashQ3 2026$4.6B+34%9.6%

Source: RB Global 10-Q on SEC EDGAR · CIK 1046102 · Services-Business Services, NEC

13F: who owns RBA and who is buying

Largest holders of RBA (13F)Largest holders of RBA (13F)Vanguard Group$2.6BBlackRock$1.8BVanguard Capital Management LLC$1.6BMassachusetts Financial Services$1.4BEdgePoint Investment Group$1.1BFIL$1.0BVanguard Portfolio Management LLC$987MState Street$765MGeode Capital Management, LLC$614MRoyal Bank of Canada$581M
Funds' net buying of RBA by quarter (13F)Funds' net buying of RBA by quarter (13F)−$176M2024-09−$63.1M2024-12−$13.8M2025-03$269M2025-06$28.5M2025-09$379M2025-12$141M2026-03$171M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RBA

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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