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How Republic Services (RSG) makes money

Republic Services (RSG) made $5.2B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 11¢ was left as net earnings.

Drawing the Sankey…

Republic Services revenue by quarterRepublic Services revenue by quarter$4.6BQ1 2025$4.9BQ2 2025$4.8BQ3 2025$4.7BQ4 2025$4.7BQ1 2026$5.1BQ2 2026$5.2BQ3 2026
Republic Services: where each dollar of revenue goesRepublic Services: where each dollar of revenue goesOperating profit18¢Income tax2¢Net earnings11¢Operating cash flow22¢Free cash flow12¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$5.2B100.0%
Operating profit$921M17.7%
Income tax$126M2.4%
Net earnings$593M11.4%
Operating cash flow$1.1B21.9%
Free cash flow$644M12.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$5.2B+8%
Q2 2026$5.1B+4%
Q1 2026$4.7B+2%
Q4 2025$4.7B+2%
Q3 2025$4.8B+3%
Q2 2025$4.9B+5%
Q1 2025$4.6B+4%

From Republic Services' 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does Republic Services make money?

Republic Services (RSG) made $5.2B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 11¢ was left as net earnings.

What is Republic Services' profit margin?

Net earnings were $593M, 11.4% of revenue, in the third quarter 2026; the operating margin was 17.7%.

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