RB Global, Inc. reported its financial results for the third quarter ended September 30, 2026. The company reported a gross transaction value (GTV) of $4.7 billion, representing a 20% increase compared to the same period in 2025. This growth was driven by broad-based strength across all sectors, including an 18% increase in automotive GTV and a 19% increase in the heavy equipment and transportation (HE&T) sector.
Revenue for the quarter increased 17% year-over-year to $1.3 billion. Within the revenue mix, service revenue rose 10% to $927.9 million, while inventory sales revenue increased 40% to $346.5 million. The company noted that the service revenue take rate declined to 19.8%, primarily due to a strategic portfolio mix shift.
Net income for the quarter was $140.2 million, a 47% increase from the prior year. Net income available to common stockholders was $128.7 million, up 59% year-over-year. Diluted earnings per share available to common stockholders increased 63% to $0.70 per share. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 13% to $370.9 million.
In a separate announcement on November 6, 2026, the company declared a quarterly cash dividend of $0.33 per common share. This dividend is payable on December 17, 2026, to shareholders of record on November 25, 2026.
Regarding share repurchases, the company repurchased and retired approximately 3.9 million common shares for an aggregate purchase price of $350.0 million during the quarter. Since launching its Normal Course Issuer Bid (NCIB) in the first quarter of 2026, the company has repurchased and retired approximately 5.4 million shares for a total of $500.0 million, with $500.0 million remaining available under the NCIB as of September 30, 2026.
The company also updated its full-year 2026 outlook. It now expects GTV growth of 14% to 15%, up from the previous outlook of 9% to 11%. Adjusted EBITDA is expected to be between $1,525 million and $1,545 million.
