RB Global earnings: third quarter 2026

RB Global, which runs auctions and online marketplaces for used vehicles and heavy equipment, grew sales 17% in the third quarter of 2026 and raised its forecast for how much business will pass through its marketplaces this year. Profit rose too. The weaker side is cash: less of that profit is arriving as money in the bank, and debt rose to pay for share buybacks and acquisitions. ¹

Against what analysts expected

Adjusted earnings per share of $1.03 came in about 11% above the $0.93 analysts expected on average (Nasdaq's earnings calendar); the forecast is set against that adjusted figure, as reported earnings per share were $0.70. ¹²

The strong points

• Total revenue rose 17% to $1,274.4 million, and the value of goods sold through its auctions and marketplaces still grew 14% when businesses it bought are left out. ¹
• The company's own adjusted earnings per share, which leaves out items such as share-based pay, rose 11% to $1.03. ¹
• Sales of vehicles and equipment the company buys and resells itself rose 40%, its fastest-growing line. ¹

The weak points

• Cash from running the business fell to $615.5 million over nine months, even though profit rose. ¹
• Long-term debt rose to $3,115.6 million from $2,282.8 million at the end of 2025. ¹
• Its own measure of operating profit rose 13%, slower than sales, so it took a slightly smaller share of revenue, 29.1% against 30.0%. ¹

What the company expects

• RB Global now expects the value of goods sold through its marketplaces to grow 14% to 15% this year, up from the 9% to 11% it forecast in August. ¹
• For its own measure of operating profit it narrowed its forecast towards the top, to $1,525 to $1,545 million from $1,495 to $1,545 million. ¹

Our verdict on the quarter

A very strong report. RB Global raised its forecast for the business going through its marketplaces this year, earned clearly more per share than analysts expected and grew sales 17%, with the weaker cash flow and higher debt the main things holding it back.

The results as published

• The results release itself
• The filing it came with (SEC)
• The previous results, for what it forecast then

Notes

1. RB Global's results release, 9 November 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 9 November 2026. ↩