RB Global Q1 revenue beats estimates, raises 2026 outlook

RB Global

04/05/2026 21:27

Overview

U.S. asset marketplace's Q1 revenue rose 11%, beating analyst expectations

Adjusted EPS for Q1 increased 13%, beating analyst expectations

Company raised 2026 outlook for GTV growth and adjusted EBITDA

Outlook

RB Global raises 2026 GTV growth outlook to 6%-9% from 5%-8%

Company now expects 2026 adjusted EBITDA of $1,485 mln to $1,545 mln

RB Global maintains full-year tax rate guidance at 23%-25%

Result Drivers

SECTOR GROWTH - GTV rose 13% year over year, with broad-based strength across all sectors and contributions from acquisitions, notably J.M. Wood and Smith Broughton

CC&T PERFORMANCE - Commercial Construction and Transportation sector GTV rose 27% due to higher average price per lot and improved mix and volumes

SERVICE REVENUE MIX - Service revenue grew 5%, driven by higher GTV but partially offset by a lower service revenue take rate due to asset mix and business changes

Company press release: ID:nBw1gw99ja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.23 bln
$1.15 bln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.01
$0.99 (6 Analysts)
Q1 EPS
$0.66
Q1 Net Income
$135.60 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy."

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)