RB Global Third-Quarter GTV Rises 20.1% to $4.68 Billion, Company Raises 2026 Growth Outlook
RB Global said Monday that gross transaction value (GTV) rose 20.1% to $4.68 billion in the third quarter ended Sept. 30, 2026, and it raised its full-year growth outlook for the measure to 14% to 15% from 9% to 11%, according to its earnings release filed with an 8-K.
Diluted adjusted earnings per share available to common stockholders, the company's non-GAAP measure, rose to $1.03 from $0.93 a year earlier. On a GAAP basis, diluted EPS available to common stockholders climbed to $0.70 from $0.43.
Total revenue increased 16.6% to $1.27 billion. Service revenue rose 9.8% to $927.9 million, while inventory sales revenue jumped 39.9% to $346.5 million, which the company tied mainly to higher heavy equipment and transportation volumes, shifting customer contract preferences in that sector, and acquisitions.
Net income rose 47.3% to $140.2 million. Net income available to common stockholders reached $128.7 million, up from $80.7 million, helped by higher operating income and a one-time $18.2 million excise tax refund related to the 2023 acquisition of IAA, the company said. Adjusted EBITDA increased 13.2% to $370.9 million.
CEO Jim Kessler said the results "demonstrate the strength of RB Global's marketplace" and pointed to "solid topline and bottom-line growth."
Beyond the GTV upgrade, RB Global narrowed its 2026 adjusted EBITDA outlook to $1.525 billion to $1.545 billion, lifting the low end from $1.495 billion. It now expects a full-year tax rate of 22% to 24%, down from 23% to 25%, and kept capital expenditures guidance at $350 million to $400 million.
Automotive GTV rose 17.5% to $2.53 billion on higher unit volumes, including net market share gains, and higher average selling prices for both salvage and remarketed vehicles. Heavy equipment and transportation GTV increased 18.8% to $1.93 billion, helped by acquisitions that were not in the prior-year period. Excluding those acquisitions, total GTV grew 14%, the company said.
Service revenue grew more slowly than GTV. The service revenue take rate fell 186 basis points to 19.8%, which RB Global attributed mainly to portfolio mix, including acquisitions, divestitures and growth in automotive remarketing.
On capital return, the company repurchased and retired shares for $350.0 million in the quarter, bringing buybacks under the normal course issuer bid launched in the first quarter of 2026 to $500.0 million. Another $500.0 million remained available under the program as of Sept. 30. The board also declared a quarterly dividend of $0.33 per share on Nov. 6, payable Dec. 17 to shareholders of record on Nov. 25, according to the 8-K.
By the numbers
- Gross transaction value: $4.68 billion, up 20.1%
- Total revenue: $1.27 billion, up 16.6%
- Diluted adjusted EPS available to common stockholders: $1.03, up from $0.93
- Adjusted EBITDA: $370.9 million, up 13.2%
- 2026 adjusted EBITDA outlook: $1.525 billion to $1.545 billion
Sources
- RB Global Form 8-K with third-quarter 2026 earnings release (Exhibit 99.1), filed Nov. 9, 2026 (accession 0001628280-26-071893)
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