10-QPeriod: Q2 FY2026

REPUBLIC SERVICES, INC. Quarterly Report for Q2 Ended Jun 30, 2026

Filed August 7, 2026For Securities:RSG

Summary

Republic Services, Inc. reported solid financial results for the second quarter and first half of 2026. Revenue increased by 3.6% year-over-year to $8.54 billion for the six months ended June 30, 2026, driven by a 3.4% increase in average yield and contributions from acquisitions. Net income attributable to Republic Services, Inc. for the six months was $1.09 billion, a notable increase from the prior year, leading to diluted earnings per share of $3.54, up from $3.33 in the comparable period of 2025. The company continues to manage its operations effectively, focusing on pricing strategies that outpace cost inflation and strategic investments in sustainability and technology. The company also reaffirmed its full-year 2026 guidance, projecting revenue between $17.2 billion and $17.3 billion and adjusted diluted earnings per share between $7.23 and $7.28.

Key Highlights

  • 1Revenue increased by 3.6% to $8.54 billion for the first six months of 2026 compared to the same period in 2025.
  • 2Net income attributable to Republic Services, Inc. for the first six months of 2026 was $1.09 billion, an increase from $1.045 billion in 2025.
  • 3Diluted earnings per share improved to $3.54 for the first six months of 2026, up from $3.33 in the prior year.
  • 4The company completed several strategic acquisitions during the period, contributing 1.1% to revenue growth.
  • 5Republic Services reaffirmed its full-year 2026 revenue guidance of $17.2 billion to $17.3 billion.
  • 6Adjusted diluted earnings per share guidance for 2026 was maintained at $7.23 to $7.28.
  • 7Cash flow from operating activities increased to $2.38 billion for the first six months of 2026, up from $2.13 billion in 2025.

Frequently Asked Questions

Revenue growth was primarily driven by an increase in average yield (3.4%), increased revenue from acquisitions (1.1%), and higher fuel recovery fees (1.0%). These were partially offset by a decrease in environmental solutions revenue (-0.7%) and a slight decline in overall volume (-1.2%).

Republic Services is focusing on pricing strategies that exceed cost inflation. For instance, the average yield increased by 3.4% for the six-month period, reflecting effective pricing adjustments across its service lines to counter rising operational costs, including fuel, labor, and disposal fees.

Republic Services has reaffirmed its full-year 2026 guidance. They anticipate revenue in the range of $17.200 billion to $17.300 billion and adjusted diluted earnings per share between $7.23 and $7.28. This reflects confidence in their ongoing strategies and operational performance.

Acquisitions are a key part of Republic Services' growth strategy. For the first six months of 2026, acquisitions, net of divestitures, contributed 1.1% to revenue growth. The company completed several acquisitions, including businesses in recycling and waste, and environmental solutions, which are expected to complement and expand its existing business platform.