Republic Services (RSG) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $525 million, or $1.70 per diluted share, up from $495 million and $1.58 per share in Q1 2025.

• Adjusted EBITDA margin expanded by 50 basis points to 32.1% year-over-year.

• Cash flow from operations reached $1.23 billion, with adjusted free cash flow at $984 million.

• Over $700 million invested in acquisitions to date, with $433 million in Q1 2026.

• Recognized on Fortune's 2026 World's Most Admired Companies and Ethisphere's World's Most Ethical Companies lists.

Financial highlights

• Total revenue grew 2.6% year-over-year to $4.11 billion.

• Core price increases contributed 5.7% to total revenue growth; average yield added 3.4%.

• Volume decreased revenue by 0.8%.

• Adjusted EPS rose 7.6% to $1.70 per share.

• Adjusted EBITDA was $1.32 billion, up from $1.27 billion in Q1 2025.

Outlook and guidance

• Management remains confident in achieving full-year objectives, citing disciplined pricing and cost management.