Filing Flows › RB Global (RBA) › Q1 2026 › vs Q1 2025
RB Global (RBA) Q1 2026 vs Q1 2025 (year over year)
RB Global's revenue rose $126M (+11%) from $1.1B in Q1 2025 to $1.2B in Q1 2026. The biggest changes: Inventory sales revenue +$80.8M (+32%); Service revenue +$45.2M (+5%). Operating margin 17.6% against 17.1% (+0.5 pts).
RB Global, Q1 2026: revenue $1.2B (+11% year over year), operating margin 17.6%, net earnings $136M, operating cash flow $224M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.6% | 17.1% | +0.5 pts |
| Net margin | 11.0% | 10.2% | +0.8 pts |
| Free cash flow margin | 14.0% | 9.2% | +4.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Transactional buyer revenue | $578M | $557M | $20.8M | +4% |
| Transactional seller revenue | $241M | $217M | $24.5M | +11% |
| Marketplace services revenue | $78.9M | $79.0M | −$100K | -0.1% |
| Service revenue | $898M | $852M | $45.2M | +5% |
| Inventory sales revenue | $337M | $256M | $80.8M | +32% |
| Revenue | $1.2B | $1.1B | $126M | +11% |
| Operating profit | $218M | $190M | $28.0M | +15% |
| Costs & expenses | $1.0B | $919M | $98.0M | +11% |
| Pre-tax earnings | $173M | $143M | $30.3M | +21% |
| Other expense, net | $44.3M | $46.6M | −$2.3M | -5% |
| SG&A | $214M | $205M | $9.2M | +4% |
| Other operating costs | $803M | $714M | $88.8M | +12% |
| Net earnings | $136M | $113M | $22.3M | +20% |
| Income tax | $37.6M | $29.6M | $8.0M | +27% |
| Depreciation & amortization | $127M | $114M | $12.2M | +11% |
| Share-based compensation | $15.6M | $15.6M | $0 | 0% |
| Working capital & other | $53.8M | $86.6M | −$32.8M | -38% |
| Operating cash flow | $224M | $157M | $67.3M | +43% |
| Free cash flow (OCF − capex) | $173M | $102M | $70.1M | +68% |
| Capital expenditures | $51.5M | $54.3M | −$2.8M | -5% |
Questions
How much did RB Global's revenue grow year over year in Q1 2026?
RB Global's revenue rose $126M (+11%) from $1.1B in Q1 2025 to $1.2B in Q1 2026.
What drove RB Global's revenue change in Q1 2026?
Inventory sales revenue +$80.8M (+32%); Service revenue +$45.2M (+5%).