Republic Services Q2 2026: $4.43 billion revenue, $1.84 EPS, guidance up
Republic Services beat the consensus EPS estimate and raised full-year guidance, but the quarter's growth came almost entirely from price while volume shrank 1.6%. Revenue of $4.43 billion rose 4.6% and adjusted EPS of $1.85 edged past the $1.8315 consensus, with adjusted EBITDA margin flat at 32.1%. The read: pricing power is holding up, but the environmental solutions unit and landfill volumes are the soft spots to watch.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.84, up from $1.75, and adjusted EPS was $1.85 versus $1.77. That clears the $1.8315 consensus by about two cents on an adjusted basis. Net income of $566.1 million was 12.8% of revenue, down slightly from 13.0%, as a $58 million equity-method loss and higher interest expense ate into the operating gain.
Revenue rose 4.6% to $4.43 billion from $4.235 billion a year earlier, with core price adding 5.3% and acquisitions 1.1%. Volume subtracted 1.6%, so essentially all of the growth came from charging more, not from handling more waste. Environmental solutions revenue slipped to $458 million from $462 million.
Management lifted full-year revenue guidance to a range of $17.200 billion to $17.300 billion, a midpoint of $17.25 billion. Adjusted EBITDA guidance rose to $5.525 billion to $5.550 billion and adjusted EPS to $7.23 to $7.28, while adjusted free cash flow is now guided to $2.540 billion to $2.575 billion. With $8.544 billion already booked in the first half, the revenue midpoint implies roughly $8.71 billion in the second half.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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