RSG · 10-Q · 2026Q2 · Full report

Operating Income and Margins

REPUBLIC SERVICES, INC. · 2026-08-07 · Importance 48 · Surprise 40 · From source text

Operating income increased to $1,731 million for the six months ended June 30, 2026 from $1,665 million in 2025. The operating margin improved to 20.3% from 20.2%, while cost of operations declined modestly to 57.7% of revenue from 57.8%. Group 1 Adjusted EBITDA increased 12.9% to $1,375 million, supported by higher yield and landfill and small-container volumes. Group 2 Adjusted EBITDA declined to $1,199 million from $1,205 million, and Group 3 declined to $171 million from $206 million because of lower environmental-solutions event volumes and higher subcontract and fuel costs.

Key facts

• Operating income for the six months ended June 30, 2026 was $1,731 million (20.3% of revenue) compared to $1,665 million (20.2% of revenue) for the six months ended June 30, 2025. source
• Pre-tax income for the three months ended June 30, 2026 was $699 million and for the six months ended June 30, 2026 was $1,355 million (vs $720M and $1,385M in 2025). source
• Net income attributable to Republic Services, Inc. was $566 million and $1,092 million for the three and six months ended June 30, 2026, or $1.84 and $3.54 per diluted share, respectively (vs $550M/$1,045M, $1.75/$3.33 in 2025). source

Impact estimates