EarningsQ2 2026 Earnings Report
MX:RSGA Q2 2026 EPS Results
Actual EPS$34.02
Consensus EPS$33.36
Beat/MissBeat by +$0.66
One Year Ago EPS$32.55
MX:RSGA Q2 2026 Revenue Results
Actual Revenue$81.47B
Expected Revenue$80.24B
Beat/MissBeat by +$1.23B
YoY Revenue Growth+4.60%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:RSGA Upcoming Earnings
Republic Services's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:RSGA Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operational and financial performance with multiple constructive developments: top- and bottom-line growth, maintained high margins (32.1%), strong pricing, raised full-year guidance, robust cash generation YTD, accelerating sustainability projects (Polymer Centers, RNG, EV fleet), active M&A and clear digital/AI roadmaps. Offsetting these positives were volume headwinds (notably residential and large container), recycled commodity price weakness, prior-year landfill event comps that pressured margins, and normal seasonality/CapEx timing that will weigh on H2 cash conversion. On balance, management appears confident in mid-to-long-term prospects and has actionable plans to drive margin and growth, while near-term volume and commodity/fuel timing create manageable headwinds.Company Guidance
Top- and Bottom-Line Growth
Revenue increased 4.6% year-over-year and adjusted EBITDA grew 4.5% in Q2 2026; adjusted EBITDA margin was maintained at 32.1%.
Strong Pricing and Yield
Core price on total revenue was 5.3% and core price on related revenue was 6.4% (open market 7.8%, restricted 4.1%); average yield on total revenue was 3.4% and on related revenue 4.0% — pricing exceeded cost inflation and supported margin expansion.
Adjusted EPS and Cash Generation
Adjusted earnings per share were $1.85 for the quarter and year-to-date adjusted free cash flow was $1.58 billion; full-year adjusted free cash flow guidance raised to $2.54–2.575 billion.
Raised Full-Year Guidance
Management raised full-year 2026 guidance: revenue $17.2–17.3 billion, adjusted EBITDA $5.525–5.55 billion, adjusted EPS $7.23–7.28, and adjusted free cash flow $2.54–2.575 billion, reflecting stronger fuel recovery fee revenue, higher commodity assumptions and closed acquisitions.
Customer Retention and Service Metrics
Customer retention remained strong at greater than 94% and Net Promoter Scores were favorable, indicating sustained customer loyalty and service quality.
Environmental Solutions Momentum
Environmental Solutions revenue increased $53 million sequentially and adjusted EBITDA margin for the segment improved to 20.2%, a 100 basis point sequential gain; management expects year-over-year revenue growth in ES in H2.
Sustainability and Strategic Growth Investments
Progress on Polymer Centers with production volumes increasing and a third center in Allentown commissioning early next year; 2 RNG projects commenced in Q2 with 2 more expected by year-end; over 250 electric collection vehicles in operation with >300 expected by year-end.
M&A Activity and Capital Return
Invested $860 million in acquisitions in H1 and expect to invest more than $1.2 billion in acquisitions in 2026; returned more than $1 billion to shareholders in H1 via dividends and repurchases (~1% of shares); dividend increased for the 23rd consecutive year.
AI and Digital Initiatives
Active deployment of AI-based predictive pricing and routing (RISE digital platform pilots), with management reaffirming a long-term target of roughly $100 million of incremental benefits from AI initiatives and early pilots confirming expected value.
Balance Sheet and Liquidity
Total debt $14.2 billion, total liquidity $2.8 billion and leverage approximately 2.6x — supporting continued M&A and capital allocation flexibility.
MX:RSGA Earnings History
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