Filing Flows › Republic Services (RSG) › Q2 2025
Republic Services (RSG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Republic Services (RSG) reported revenue of $4.9B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +6% from the quarter before. Operating margin was 17.6%, net earnings $550M (11.3% of revenue).
Republic Services, Q2 2025: revenue $4.9B (+5% year over year), operating margin 17.6%, net earnings $550M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | +6% | +5% |
| Operating profit | $861M | +7% | +6% |
| Net earnings | $550M | +11% | +7% |
| Operating cash flow | $1.1B | +8% | +0.8% |
| Free cash flow | $702M | +24% | +0.8% |
What changed
Revenue was $4.9B in Q2 2025, up 5% year over year and up 6% from the previous quarter.
Operating profit was $0.86B, a 17.6% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 17% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $0.55B, up 8% year over year. The effective tax rate was 23.6%.
Operating cash flow was $1.1B (up 1% year over year), 202% of net earnings. Non-cash charges added back $0.46B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.41B left free cash flow of $0.70B.
Questions
What was Republic Services' revenue in the second quarter 2025?
Republic Services (RSG) reported revenue of $4.9B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +6% from the quarter before.
Was Republic Services profitable in the second quarter 2025?
Operating profit was $861M (17.6% of revenue) and net earnings $550M.
Source: Republic Services 10-Q on SEC EDGAR.