RB Global Reports Strong Q3 2026 Growth with Increased GTV and EPS
RB Global (RBA) delivered robust third-quarter results for fiscal year 2026, characterized by a 20% year-over-year increase in Gross Transaction Value (GTV) to $4.7 billion. Total revenue rose 17% to $1.3 billion, fueled significantly by a 40% surge in inventory sales revenue and strong performance across automotive and heavy equipment sectors. Net income saw a substantial jump of 47% to $140.2 million. Despite a decline in service revenue take rates due to strategic portfolio shifts and the impact of high-value, low-rate contracts like GSA, the company demonstrated strong operating leverage. This efficiency resulted in a 63% increase in diluted EPS to $0.70. Management raised its full-year 2026 GTV growth guidance to 14%-15%, reflecting sustained marketplace momentum and successful integration of recent acquisitions.
Topics: Adjusted EBITDA EPS Gross Transaction Value Net Income Revenue Growth
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Part of the story Fintech Sector Reports Strong Q3 2026 Results and Raised Annual Guidance (26 articles)