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How RB Global (RBA) makes money

RB Global (RBA) made $1.3B of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier. Service revenue brought in $933M (71%); Inventory sales revenue brought in $384M (29%). Of every dollar of revenue, 17¢ was left as operating profit, 11¢ was left as net earnings.

Drawing the Sankey…

RB Global revenue by segment, Q2 2026RB Global revenue by segment, Q2 2026Service revenue$933MInventory sales revenue$384M
RB Global: revenue by line, Q4 2024 to Q2 2026RB Global: revenue by line, Q4 2024 to Q2 2026Service revenueInventory sales reven…Service revenue: $933M latest$933MInventory sales revenue: $384M latest$384MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Inventory sales revenue went from 23% of revenue in Q4 2024 to 29% in Q2 2026, the largest shift in the mix.
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: where each dollar of revenue goesRB Global: where each dollar of revenue goesOperating profit17¢Income tax3¢Net earnings11¢Operating cash flow11¢Free cash flow5¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Service revenue$933M70.9%+4%+5%
  ↳ Transactional buyer revenue$611M46.4%+6%+9%
  ↳ Transactional seller revenue$239M18.2%-0.9%-0.7%
  ↳ Marketplace services revenue$83.3M6.3%+6%-3%
Inventory sales revenue$384M29.1%+14%+28%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$1.3B100.0%
Operating profit$225M17.1%
Income tax$42.4M3.2%
Net earnings$144M10.9%
Operating cash flow$142M10.8%
Free cash flow$63.6M4.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$1.3B+11%
Q1 2026$1.2B+11%
Q4 2025$1.2B+5%
Q3 2025$1.1B+11%
Q2 2025$1.2B+8%
Q1 2025$1.1B+4%
Q4 2024$1.1B+10%

From RB Global's 10-Q filed Aug 4, 2026 (on EDGAR).

Questions

How does RB Global make money?

RB Global (RBA) made $1.3B of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier. Service revenue brought in $933M (71%); Inventory sales revenue brought in $384M (29%). Of every dollar of revenue, 17¢ was left as operating profit, 11¢ was left as net earnings.

What is RB Global's biggest business?

Service revenue: $933M in the second quarter 2026, 71% of revenue, +5% from a year earlier.

What is RB Global's profit margin?

Net earnings were $144M, 10.9% of revenue, in the second quarter 2026; the operating margin was 17.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.