Filing Flows › Republic Services (RSG) › Q1 2026
Republic Services (RSG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Republic Services (RSG) reported revenue of $4.7B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.6% from the quarter before. Operating margin was 17.7%, net earnings $525M (11.2% of revenue).
Republic Services, Q1 2026: revenue $4.7B (+2% year over year), operating margin 17.7%, net earnings $525M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | -0.6% | +2% |
| Operating profit | $830M | +4% | +3% |
| Net earnings | $525M | -3% | +6% |
| Operating cash flow | $1.2B | +25% | +20% |
| Free cash flow | $984M | — | +35% |
What changed
Revenue was $4.7B in Q1 2026, up 2% year over year and down 1% from the previous quarter.
Operating profit was $0.83B, a 17.7% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 25% reached operating profit, above the 18% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $0.53B, up 6% year over year. The effective tax rate was 20.0%.
Operating cash flow was $1.2B (up 20% year over year), 234% of net earnings. Non-cash charges added back $0.46B of depreciation and amortization. Working capital and other items added $0.24B. After property and equipment received, net ($0.24B), adjusted free cash flow as the company reports it was $1.0B.
Questions
What was Republic Services' revenue in the first quarter 2026?
Republic Services (RSG) reported revenue of $4.7B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.6% from the quarter before.
Was Republic Services profitable in the first quarter 2026?
Operating profit was $830M (17.7% of revenue) and net earnings $525M.
Source: Republic Services 10-Q on SEC EDGAR.