Filing Flows › Republic Services (RSG) › Q3 2025
Republic Services (RSG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Republic Services (RSG) reported revenue of $4.8B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -1% from the quarter before. Operating margin was 17.3%, net earnings $550M (11.4% of revenue).
Republic Services, Q3 2025: revenue $4.8B (+3% year over year), operating margin 17.3%, net earnings $550M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8B | -1% | +3% |
| Operating profit | $836M | -3% | -1% |
| Net earnings | $550M | 0% | -3% |
| Operating cash flow | $1.2B | +6% | +18% |
| Free cash flow | $737M | +5% | +34% |
What changed
Revenue was $4.8B in Q3 2025, up 3% year over year and down 1% from the previous quarter.
Operating profit was $0.84B, a 17.3% margin (down 0.8 points year over year). Operating profit fell $0.01B even though revenue rose $0.15B versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 3%. Net earnings were $0.55B, down 3% year over year. The effective tax rate was 14.7%.
Operating cash flow was $1.2B (up 18% year over year), 215% 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 $0.16B. Capital expenditures of $0.44B left free cash flow of $0.74B.
Questions
What was Republic Services' revenue in the third quarter 2025?
Republic Services (RSG) reported revenue of $4.8B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -1% from the quarter before.
Was Republic Services profitable in the third quarter 2025?
Operating profit was $836M (17.3% of revenue) and net earnings $550M.
Source: Republic Services 10-Q on SEC EDGAR.