AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Republic Services grew Q2 FY2026 revenue 4.6% YoY to $4.43B as pricing gains (+5.2%) offset a 1.6% volume decline, while a $58M equity-investment loss weighed on pre-tax income.
Biggest Revenue Drivers
Group 1 (Recycling & Waste – Western U.S.)$2,037M+8.0% YoY
Higher average yield across all lines, increased landfill and small-container volumes, partially offset by lower residential and large-container volumes.
Group 2 (Recycling & Waste – Southeast/Midwest/East/Canada)$1,935M+2.5% YoY
Higher average yield and increased special waste landfill volume, partially offset by decreased collection volumes.
Biggest Revenue Drivers
Total revenue: $4.43B+4.6% YoY
Group 1 (Recycling & Waste – Western U.S.)$2,037M+8.0% YoY
Higher average yield across all lines, increased landfill and small-container volumes, partially offset by lower residential and large-container volumes.
Group 2 (Recycling & Waste – Southeast/Midwest/East/Canada)$1,935M+2.5% YoY
Higher average yield and increased special waste landfill volume, partially offset by decreased collection volumes.
Group 3 (Environmental Solutions)$458M-0.9% YoY
Decline in event-based volumes relative to the prior-year period.
Largest Expense Items
Cost of operations$2,563M+4.7% YoY
Higher labor from merit increases and acquisition growth, higher fuel costs from rising diesel prices, and higher transportation/subcontract costs, partly offset by lower collection volumes.
Depreciation, depletion and amortization$488M+5.4% YoY
Asset additions at Polymer Centers and internally developed software, plus acquisition-related assets, partly offset by lower landfill depletion.
Selling, general and administrative$444M+4.5% YoY
Higher wages and benefits from annual merit increases and acquisition-related growth.
Margins: Operating margin held flat at 20.3% of revenue in both Q2 FY2026 and Q2 FY2025, as pricing gains and fuel recovery fees offset higher labor, fuel and cost-of-operations inflation.
Watch Items from the Filing
Loss from unconsolidated equity method investments jumped to $58M in Q2 FY2026 from $2M a year earlier, weighing on pre-tax income despite higher operating income.
EPA raised its cost estimate for the West Lake Landfill Superfund remediation to $392M (from $229M); subsidiary Bridgeton Landfill cannot yet estimate its share of future costs.
Collection volumes declined as large-container demand slowed with construction activity and residential/small-container volumes fell on municipal contract losses, a 1.6% drag on revenue.
Effective tax rate fell to 19.0% from 23.6% YoY, reflecting $41M of renewable energy tax credit benefits that boosted net income.
Total debt rose to $14.1B (from $13.6B) with debt-to-EBITDA at 2.6x versus a 3.75x covenant ceiling, while the company plans at least $1.2B of 2026 acquisitions.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Vander Ark JonCEO and PresidentGrant or award · Oct 15, 2026
Bales Brian AEVP, Chief Development OfficerGrant or award · Oct 15, 2026
Bell Jennifer LynnEVP, Chief Marketing OfficerGrant or award · Oct 15, 2026
Brummer GreggEVP, COOGrant or award · Oct 15, 2026
DelGhiaccio Brian MEVP Chief Financial OfficerGrant or award · Oct 15, 2026
Ellingsen Catharine DEVP/Chief Legal Officer/SecGrant or award · Oct 15, 2026
Congress trading in RSG
11 transactions in RSG reported by 5 members of Congress under the STOCK Act, most recent trade Aug 6, 2026. Reported transactions, not recommendations.
About REPUBLIC SERVICES, INC. (RSG): stock profile, AI score and financials
REPUBLIC SERVICES, INC. (RSG) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores RSG at 62.1/100 on a composite quality score built from its SEC filings, placing it at rank #734 of 2,925 stocks — the top half of the AI-ranked universe. RSG scores in the top quartile across revenue scale (92.1), balance sheet strength (77.4). Areas of concern include earnings quality (29.3) and revenue growth (38.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), REPUBLIC SERVICES, INC. reports quarterly revenue of $5.1B, net income of $566.1M, an operating margin of 17.8%. Top institutional holders of RSG by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. RSG trades on the NYSE exchange and files with the SEC under CIK 1060391. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RSG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for REPUBLIC SERVICES, INC. directly from SEC EDGAR.