RB Global Q2 Earnings Surge 31% on Strong GTV Growth and Acquisitions
RBA sits 19% above its 52-week low of $93.58 on elevated volume (2.1× avg).
Summary
RB Global posted Q2 2026 net income of $143.6 million, a 31% year-over-year jump, on revenue of $1.32 billion. GTV grew 11% to $4.7 billion. The quarter also featured the closing of the BigIron acquisition and $150 million in share repurchases.
Key Events · Earnings and Guidance · RBA
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Q2 Earnings Beat
Net income rose 31% to $143.6M, with diluted EPS of $0.71, up 34% YoY. Revenue increased 11% to $1.32B, driven by 11% GTV growth to $4.7B.
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BigIron Acquisition Closed
Completed $316.6M acquisition of BigIron on May 15, 2026, adding $264.5M in goodwill and expanding into U.S. agriculture. Funded with $300M revolving credit draw.
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Share Repurchases and Dividend Hike
Repurchased 1.5M shares for $150M under NCIB; $350M remains authorized. Quarterly dividend raised to $0.33/share from $0.31, declared July 21.
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CRA Tax Dispute Ongoing
CRA assessed C$79.1M ($55.8M) for 2010-2015; company is litigating and has not recorded any liability, believing its position will be sustained. Outcome uncertain.
Analysis · RBA · Trade & Services
A standout second quarter saw net income climb 31% to $143.6 million, fueled by an 11% revenue increase. Gross transaction value reached $4.7 billion, reflecting market share gains in Automotive and the contribution of newly acquired businesses. Strategic moves included the $316.6 million BigIron acquisition, which opens the door to U.S. agriculture, and $150 million in share repurchases. Shareholders also benefited from a dividend increase to $0.33 per share. Meanwhile, the CRA tax dispute continues to pose a risk, though no amounts have been recorded as the company expects its position to prevail.
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.