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RB Global (RBAN) Q3 2026 Earnings Report

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MX:RBAN Q3 2026 EPS Results

Actual EPS
MXN 18.97
Consensus EPS
MXN 18.36
Beat/Miss
Beat by +MXN 0.61
One Year Ago EPS
MXN 17.07

MX:RBAN Q3 2026 Revenue Results

Actual Revenue
MXN 23.26B
Expected Revenue
MXN 21.59B
Beat/Miss
Beat by +MXN 1.67B
YoY Revenue Growth
+18.56%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/09/2026
Time
Before Open
Conference Call
Monday, November 9, 2026
MX:RBAN Upcoming Earnings

RB Global's next earnings date is estimated for February 23, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

MX:RBAN Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 09, 2026|% Change Since:0.00%|
Earnings Call Sentiment|Positive

The call was strongly positive, supported by 20% total GTV growth, 13% adjusted EBITDA growth, raised 2026 guidance, market share gains, continued marketplace expansion, share repurchases and a 1.8x leverage ratio. The main challenges were the 186-basis-point service revenue take-rate decline, slower automotive lot-volume growth, enterprise customers retaining fleets longer, and higher net interest expense and adjusted tax rate. These lowlights were outweighed by the breadth of the operating growth and the raised outlook.

Company Guidance

For the fourth quarter, RB Global expects the service revenue take rate to be broadly consistent with the third quarter. For 2026, the company raised its outlook and now expects gross transaction value to grow between 14% to 15%, with adjusted EBITDA growth of 9.7% at the midpoint. The company said it is pursuing a multiyear effort to harmonize fees and aims to grow adjusted EBITDA faster than service revenue growth, but it will not give any color into '27 at this point.

  • Broad-Based Third-Quarter GrowthTotal GTV increased 20% year-over-year to $4.7 billion, including approximately 14% organic growth. Service revenue increased 10%, and adjusted EBITDA increased 13%, with strength across all sectors.
  • Automotive GTV and Market Share GainsAutomotive GTV grew 18%, driven by higher unit volumes and higher average selling prices. Unit volume growth reflected continued net market share gains in salvage and growth in U.S. remarketed vehicle volume supported by the GSA contract.
  • Higher Automotive Average Selling PricesAverage price per vehicle sold increased about 8%, reflecting strength in both salvage and remarketed vehicles.
  • Growth in U.S. Remarketed VehiclesU.S. remarketed vehicles represented approximately 24% of total automotive unit volume. Management said the distressed used-car remarketing segment fits well with its buyer base and is expected to remain an area of growth.
  • Heavy Equipment and Transportation GrowthHeavy Equipment & Transportation GTV increased 19% year-over-year and 9% organically, led by North American regions and International, particularly in the unreserved auction channel.
  • One Marketplace RolloutRB Global introduced buy-now and make-offer options on rbauction.com, bringing listings to the platform and allowing customers to access auctions, fixed-price and negotiated transactions in one place.
  • Expanded Marketplace Liquidity StrategyManagement said the one-marketplace strategy is intended to bring together more inventory, buyers and transaction options, engage sellers earlier, match inventory with appropriate sales channels, deepen marketplace liquidity and support broader remarketing needs.
  • Operating Leverage and Profit Flow-ThroughAdjusted EBITDA growth of 13% outpaced 10% service revenue growth, demonstrating continued operating leverage. Management attributed the EBITDA increase to higher service revenue, increased contribution from inventory returns and disciplined execution.
  • Adjusted EPS GrowthAdjusted earnings per share increased 11%, driven by higher operating income and a lower weighted average share count.
  • Share Repurchases and Balance SheetRB Global repurchased and retired approximately 3.9 million shares for $350 million in the third quarter, bringing year-to-date repurchases to $500 million. The leverage ratio ended the quarter at 1.8x adjusted net debt to adjusted EBITDA.
  • Raised 2026 OutlookThe company raised its 2026 outlook and now expects gross transaction value to grow between 14% to 15%, with adjusted EBITDA growth of 9.7% at the midpoint.
  • Leadership and Organizational RealignmentRB Global reshaped its leadership team and organizational structure to provide greater clarity, focus, ownership and accountability. Steve Steinberg was promoted to Chief Financial Officer after more than a decade with the company in finance, strategy and operations leadership roles.
  • Acquisition Integration ProgressThe company began harmonizing fees in the fourth quarter as the first step in a multiyear integration effort. Management said the integration process includes customer retention, adding services and value, bringing platforms into one marketplace, and integrating acquired businesses into the global infrastructure.
  • Acquisition Pipeline OpportunityManagement said it remains excited about the acquisition pipeline and sees substantial opportunity, particularly as a global company, while emphasizing due diligence on culture, marketplace fit and potential synergies.
  • Constructive Automotive Market IndicatorsTotal-loss frequency was roughly flat year-over-year at 22.8% in the third quarter. Management said the spread between vehicle repair-cost inflation and used-vehicle inflation remains supportive of an expanding total-loss frequency, while improving insurance affordability trends could provide an additional tailwind over time.
  • Continued Liquidity and Buyer-Crossover BenefitsManagement said additional assets and buyers increase bidding liquidity and can support higher average selling prices. Early signs showed traditional salvage buyers expanding into higher-condition vehicles and historically GSA-focused buyers purchasing salvage.
  • Guaranteed Contract Volume GrowthGuaranteed contract volume increased 61% in the quarter. Management said the increase was driven by customer needs related to liquidity, timing and risk, and stated that there was nothing systemic affecting the business.
  • Compliance ControlsManagement said the company continually works to know its customers and buyer base and protect against suspicious transactions. It expressed confidence in the actions taken since acquiring IAA and said there was nothing to disclose regarding the referenced FinCEN materials.

MX:RBAN Earnings History

MX:RBAN earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 23, 20272026 (Q4)22.36-19.78――
Nov 09, 20262026 (Q3)18.3618.9717.0711.15% (+1.90)
Aug 04, 20262026 (Q2)20.6720.6519.217.54% (+1.45)
May 04, 20262026 (Q1)17.6217.9316.1311.16% (+1.80)
Feb 17, 20262025 (Q4)17.8019.7817.6212.29% (+2.16)
Nov 06, 20252025 (Q3)14.6617.0712.8732.62% (+4.20)
Aug 06, 20252025 (Q2)17.2819.2116.9213.48% (+2.28)
May 07, 20252025 (Q1)15.4616.1316.040.57% (+0.09)
Feb 18, 20252024 (Q4)14.6017.6214.4322.04% (+3.18)
Nov 08, 20242024 (Q3)11.9012.8712.99-0.90% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed