RB Global Q2 Earnings: Net Income Surges 31%, Guidance Lifted
RBA sits 19% above its 52-week low of $93.58 on elevated volume (2.1× avg).
Summary
RB Global reported Q2 2026 net income of $143.6 million, up 31% year-over-year, and raised its full-year GTV growth guidance. The company also repurchased $150 million in shares and increased its dividend.
Key Events · Earnings and Guidance · RBA
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Q2 Earnings Beat
Net income rose 31% YoY to $143.6M, with diluted EPS of $0.71 (up 34%). Revenue grew 11% to $1.32B, driven by 11% GTV growth to $4.7B.
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Full-Year Guidance Raised
GTV growth outlook increased to 9-11% from 6-9%, reflecting strong Automotive performance and contributions from the BigIron acquisition.
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Shareholder Returns
Repurchased 1.5M shares for $150M in Q2 and increased quarterly dividend to $0.33/share from $0.31.
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Acquisition Integration
BigIron acquisition closed in May 2026, strengthening position in U.S. agriculture and contributing to GTV and revenue growth.
Analysis · RBA · Trade & Services
A standout second quarter saw net income jump 31% to $143.6 million, powered by 11% revenue growth. Confidence in the acquisition strategy and core automotive and heavy equipment markets prompted management to raise the full-year GTV growth outlook to 9–11% from 6–9%. The quarter also featured a $150 million share buyback and a dividend increase, underscoring a shareholder-friendly capital allocation approach. The BigIron acquisition, which closed in May, is already contributing, and management sees further upside from expanding its U.S. agriculture presence.
At the time of this filing, RBA was trading at $111.06 on NYSE in the Trade & Services sector, with a market capitalization of approximately $20.7B. The 52-week trading range was $93.58 to $119.58. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.