Jun 2026 (Q2 FY26) — Aug 4, 2026
RB Global Q2 FY26 — Strong GTV and Adjusted EBITDA Growth, BigIron Integration Underway
Read the full callRB Global (RBA) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
RB Global earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,317 | +11.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 17.1 | +1.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 144 | +30.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| BigIron acquisition closing | Close the BigIron transaction in the second quarter (of 2026), following HSR approval | Mar 2026 | We are pleased to complete our acquisition in May. | Achieved |
| GSA remarketed-vehicle disposition volume, full run rate | Reach full run rate of approximately 35,000 remarketed vehicles on an annualized run rate basis in the second quarter of 2026 | Sep 2025 | Pending | |
| FY26 adjusted EBITDA growth guidance | Full year adjusted EBITDA between $1.47 billion and $1.53 billion, representing approximately 7% growth at the midpoint | Dec 2025 | We are raising our 2026 outlook and now expect gross transaction value to grow in the range of 9% to 11%, with adjusted EBITDA growth of approximately 8.6% at the midpoint. | Revised Up |
11 of RB GLOBAL INC.'s 19 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 16 more targets are in the full ledger.
Claimed
- Achieved 11% Gross Transaction Value (GTV) growth in Q2 FY26.
- Delivered 6% adjusted EBITDA growth in Q2 FY26, outpacing service revenue growth.
- Automotive unit volumes increased 11% year-over-year, marking the sixth consecutive quarter of market outperformance.
- Expanded relationship with largest automotive insurance partner to cover all 50 states for personal auto and commercial lines.
- Increased quarterly common stock dividend by $0.02 to $0.33 per share, representing a 6.5% increase.
Qualified
- Service revenue take rate declined 110 basis points year-over-year to 20% due to business mix changes from acquisitions and volume-related price incentives.
- Customer decision-making became more deliberate in the heavy equipment and transportation sector, influenced by economic factors.
- Absorbed increased diesel prices in Q2 FY26 due to geopolitical events, impacting costs.
Price
$84.3 −3.25% · −$2.83
Performance +20.3% 1Y
1Y: $70.07 on 15 Oct 2025 → $84.3. High $106.34 (18 Aug 2026), low $57.26 (30 Mar 2026).
- Previous close
- $87.13
- 52-week range
- $57.26 – $106.34
- One year
- +20.09%
Overview
- Symbol
- RBA
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| BigIron acquisition closing | Close the BigIron transaction in the second quarter (of 2026), following HSR approval | Mar 2026 | We are pleased to complete our acquisition in May. | Achieved |
| GSA remarketed-vehicle disposition volume, full run rate | Reach full run rate of approximately 35,000 remarketed vehicles on an annualized run rate basis in the second quarter of 2026 | Sep 2025 | Pending | |
| FY26 adjusted EBITDA growth guidance | Full year adjusted EBITDA between $1.47 billion and $1.53 billion, representing approximately 7% growth at the midpoint | Dec 2025 | We are raising our 2026 outlook and now expect gross transaction value to grow in the range of 9% to 11%, with adjusted EBITDA growth of approximately 8.6% at the midpoint. | Revised Up |
Claimed
- Achieved 11% Gross Transaction Value (GTV) growth in Q2 FY26.
- Delivered 6% adjusted EBITDA growth in Q2 FY26, outpacing service revenue growth.
- Automotive unit volumes increased 11% year-over-year, marking the sixth consecutive quarter of market outperformance.
- Expanded relationship with largest automotive insurance partner to cover all 50 states for personal auto and commercial lines.
- Increased quarterly common stock dividend by $0.02 to $0.33 per share, representing a 6.5% increase.
Qualified
- Service revenue take rate declined 110 basis points year-over-year to 20% due to business mix changes from acquisitions and volume-related price incentives.
- Customer decision-making became more deliberate in the heavy equipment and transportation sector, influenced by economic factors.
- Absorbed increased diesel prices in Q2 FY26 due to geopolitical events, impacting costs.
The full ledger
Open RB GLOBAL INC.’s full ledger
A free account opens 5 company ledgers a month. All 19 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 4, 2026
RB Global Q1 FY26 — Strong GTV and Adjusted EBITDA Growth, Raised Full-Year Outlook
Read the full callEvery analysed call
RB Global earnings calls (RBA)
Financials
What the filings say
Net profit, year on year: +31% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 982 | 1,142 | 1,109 | 1,186 | 1,093 | 1,203 | 1,235 | 1,317 |
| Expenses | 829 | 935 | 920 | 982 | 936 | 1,033 | 1,019 | 1,091 |
| Operating profit | 153 | 207 | 190 | 189 | 158 | 177 | 218 | 225 |
| Operating margin | 15.6% | 18.1% | 17.1% | 15.9% | 14.5% | 14.7% | 17.6% | 17.1% |
| Interest | 57 | 53 | 50 | 48 | 48 | 46 | 44 | 42 |
| Profit before tax | 102 | 160 | 143 | 146 | 112 | 136 | 173 | 186 |
| Tax rate | 25.6% | 26.2% | 20.7% | 24.6% | 14.8% | 19.3% | 21.7% | 22.8% |
| Net profit | 76 | 119 | 113 | 110 | 96 | 110 | 136 | 144 |
| EPS ($ per share) | 0.36 | — | 0.56 | 0.54 | 0.43 | — | 0.67 | 0.71 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 182 | 195 | 200 | 228 | 246 | 4,054 | 4,259 | 4,365 |
| Reserves | 648 | 714 | 792 | 840 | 1,043 | 919 | 1,090 | 1,255 |
| Total liabilities | 1,216 | 1,322 | 1,339 | 2,522 | 1,574 | 6,528 | 6,091 | 6,075 |
| Fixed assets | 487 | 484 | 492 | 449 | 459 | 1,201 | 1,275 | 1,522 |
| Total assets | 2,052 | 2,229 | 2,352 | 3,593 | 2,864 | 12,037 | 11,807 | 12,143 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 144 | 333 | 258 | 318 | 463 | 544 | 932 | 978 |
| Cash from investing | -31 | -36 | -277 | -214 | 77 | -3,108 | -302 | -553 |
| Cash from financing | -134 | -187 | -111 | 961 | -1,258 | 2,676 | -645 | -461 |
| Net cash flow | -26 | 115 | -113 | 1,056 | -737 | 122 | -39 | -14 |
| Capital expenditure | -17 | -14 | -14 | -10 | -32 | -228 | -167 | -259 |
| Free cash flow | 127 | 319 | 244 | 308 | 431 | 316 | 765 | 719 |
RBA revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +11.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
RBA operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Gross transaction value (GTV) | $4.3BTotal GTV increased by 13% to $4.3 billion in the first quarter, Automotive GTV increased by 7% in the quarter, driven primarily by higher average selling prices and a 1% increase in unit volumes.Source: earnings call transcript | $4.7BTotal GTV increased by 11% to $4.7 billion in the second quarter.Source: earnings call transcript | +9.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 68% ↓ 6 pt
- CA 16% ↑ 2 pt
- AU 7% ↑ 5 pt
- Europe 6% ↓ 3 pt
- Other Countries 3% ↑ 1 pt
As RBA cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
67 filings between Nov 13, 2025 and Sep 9, 2026.
Open market
decisions to buy or sellPurchases
$325.5K
6 purchases by 2 insiders
Sales
$2.42M
3 sales by 2 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 41
- Option exercise — converted options into shares
- 17
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| KESSLER JAMES FRANCIS | — | $2.39M | Jan 21, 2026 |
| Stein Deborah | $225.0K | — | Sep 9, 2026 |
| Harford Chloe | $100.5K | — | Aug 24, 2026 |
| Carlson Christopher | — | $32.6K | Jun 25, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 9, 2026 | Stein Deborah Director | Purchase | 200 | $16.1K |
| Sep 9, 2026 | Stein Deborah Director | Purchase | 300 | $24.3K |
| Aug 24, 2026 | Harford Chloe Director | Purchase | 1,200 | $100.5K |
| Jun 25, 2026 | Carlson Christopher Chief Accounting Officer | Sale 10b5-1 plan | 150 | $17.3K |
| May 19, 2026 | Stein Deborah Director | Purchase | 425 | $43.8K |
| May 5, 2026 | Carlson Christopher Chief Accounting Officer | Sale 10b5-1 plan | 140 | $15.4K |
| Apr 30, 2026 | Morrison Gregory B Director | Option exercise | 1,896 | — |
| Apr 30, 2026 | Sieger Michael D Director | Option exercise | 22 | — |
| Apr 30, 2026 | DeWitt Adam Director | Option exercise | 22 | — |
| Apr 30, 2026 | Sieger Michael D Director | Option exercise | 1,896 | — |
| Apr 30, 2026 | Morrison Gregory B Director | Option exercise | 22 | — |
| Apr 30, 2026 | DeWitt Adam Director | Option exercise | 1,896 | — |
| Mar 18, 2026 | Stein Deborah Director | Purchase | 400 | $39.5K |
| Mar 14, 2026 | Carlson Christopher Chief Accounting Officer | Option exercise | 1,079 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 202,712 | — |
| Mar 14, 2026 | Carlson Christopher Chief Accounting Officer | Tax withheld | 351 | $34.6K |
| Mar 14, 2026 | Guerin Eric Chief Financial Officer | Tax withheld | 1,256 | $123.0K |
| Mar 14, 2026 | Guerin Eric Chief Financial Officer | Option exercise | 36 | — |
| Mar 14, 2026 | Guerin Eric Chief Financial Officer | Option exercise | 3,155 | — |
| Mar 14, 2026 | Carlson Christopher Chief Accounting Officer | Option exercise | 43 | — |
| Mar 14, 2026 | Guerin Eric Chief Financial Officer | Tax withheld | 2,442 | $241.0K |
| Mar 14, 2026 | LEWIS MICHAEL THOMAS STEVEN Chief Operations Officer | Tax withheld | 738 | $72.3K |
| Mar 14, 2026 | Schmit Jennifer Laura Chief People Officer | Option exercise | 529 | — |
| Mar 14, 2026 | Schmit Jennifer Laura Chief People Officer | Tax withheld | 164 | $16.1K |
| Mar 14, 2026 | Guerin Eric Chief Financial Officer | Option exercise | 150 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 7,455 | — |
| Mar 14, 2026 | LEWIS MICHAEL THOMAS STEVEN Chief Operations Officer | Option exercise | 1,434 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Tax withheld | 89,448 | $8.83M |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 16,893 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 622 | — |
| Mar 14, 2026 | LEWIS MICHAEL THOMAS STEVEN Chief Operations Officer | Option exercise | 63 | — |
| Mar 14, 2026 | Guerin Eric Chief Financial Officer | Option exercise | 6,052 | — |
| Mar 14, 2026 | Carlson Christopher Chief Accounting Officer | Tax withheld | 102 | $10.0K |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Tax withheld | 6,671 | $653.2K |
| Mar 14, 2026 | Carlson Christopher Chief Accounting Officer | Option exercise | 3 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 178 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 15,496 | — |
| Mar 14, 2026 | LEWIS MICHAEL THOMAS STEVEN Chief Operations Officer | Option exercise | 3,581 | — |
| Mar 14, 2026 | Carlson Christopher Chief Accounting Officer | Option exercise | 343 | — |
| Mar 14, 2026 | LEWIS MICHAEL THOMAS STEVEN Chief Operations Officer | Tax withheld | 1,855 | $183.1K |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Tax withheld | 5,687 | $561.2K |
| Mar 14, 2026 | LEWIS MICHAEL THOMAS STEVEN Chief Operations Officer | Option exercise | 16 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 321 | — |
| Mar 14, 2026 | Schmit Jennifer Laura Chief People Officer | Option exercise | 1,052 | — |
| Mar 14, 2026 | Schmit Jennifer Laura Chief People Officer | Option exercise | 16 | — |
| Mar 14, 2026 | Schmit Jennifer Laura Chief People Officer | Tax withheld | 327 | $32.3K |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Option exercise | 13,039 | — |
| Mar 14, 2026 | Schmit Jennifer Laura Chief People Officer | Option exercise | 6 | — |
| Mar 14, 2026 | KESSLER JAMES FRANCIS Chief Executive Officer | Tax withheld | 7,455 | $735.7K |
| Mar 14, 2026 | Carlson Christopher Chief Accounting Officer | Tax withheld | 325 | $32.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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