RSG · 8-K · 20260806PR000273

Operating Income and Margins

REPUBLIC SERVICES, INC. · 2026-08-06 · Importance 30 · Surprise 14 · In source text

Second-quarter operating income increased 4.6% to $901 million from $861 million, while net income margin declined to 12.8% from 13.0%. Adjusted EBITDA increased to $1.423 billion from $1.361 billion, but adjusted EBITDA margin remained 32.1% of revenue. Recycling and Waste adjusted EBITDA increased to $1.330 billion from $1.248 billion, with margin rising to 33.5% from 33.1%. Environmental Solutions adjusted EBITDA declined to $93 million from $113 million, and its margin fell to 20.2% from 24.4%, while the company offset a 50-basis-point margin headwind from prior-year event-driven landfill volumes.

Key facts

• Adjusted net income for the three months ended June 30, 2026: $569 million, or $1.85 per diluted share. source
• Adjusted EBITDA for the three months ended June 30, 2026: $1,423 million and adjusted EBITDA margin: 32.1 percent of revenue. source
• Adjusted EBITDA by business type for the three months ended June 30, 2026: Recycling & Waste adjusted EBITDA $1,330 million and Environmental Solutions adjusted EBITDA $93 million. source
• Operating income for the three months ended June 30, 2026: $901 million. source
• Loss from unconsolidated equity method investments for the three months ended June 30, 2026: $58 million (six months: $110 million). source
• Net income margin for the quarter was 12.8 percent. source

Impact estimates