RB Global Q1 revenue beats estimates, raises 2026 outlook

Overview

• U.S. asset marketplace's Q1 revenue rose 11%, beating analyst expectations

• Adjusted EPS for Q1 increased 13%, beating analyst expectations

• Company raised 2026 outlook for GTV growth and adjusted EBITDA

Outlook

• RB Global raises 2026 GTV growth outlook to 6%-9% from 5%-8%

• Company now expects 2026 adjusted EBITDA of $1,485 mln to $1,545 mln

• RB Global maintains full-year tax rate guidance at 23%-25%

Result Drivers

• SECTOR GROWTH - GTV rose 13% year over year, with broad-based strength across all sectors and contributions from acquisitions, notably J.M. Wood and Smith Broughton

• CC&T PERFORMANCE - Commercial Construction and Transportation sector GTV rose 27% due to higher average price per lot and improved mix and volumes

• SERVICE REVENUE MIX - Service revenue grew 5%, driven by higher GTV but partially offset by a lower service revenue take rate due to asset mix and business changes

Company press release: ID:nBw1gw99ja

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the business support services peer group is "buy."

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

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