Republic Services, Inc. (NYSE:RSG) released its third-quarter and nine-month 2026 financial results on October 29, 2026, reporting net income of $592 million and announcing a new $5 billion share repurchase authorization alongside updated full-year guidance.

Key Highlights

  • Q3 net income: $592 million, or $1.93 per diluted share, up from $550 million, or $1.76 per diluted share, in the comparable 2025 period.
  • Adjusted EPS: $1.94 per diluted share on an adjusted basis, compared to $1.90 in the prior-year quarter, according to the filing.
  • Total revenue growth: 8.2 percent for Q3 2026, including 4.8 percent organic growth from the recycling and waste business and 2.1 percent from environmental solutions, per the filing.
  • New buyback program: The Board of Directors approved a $5 billion share repurchase authorization effective January 1, 2027, extending through December 31, 2029.
  • Updated revenue guidance: Full-year 2026 revenue guidance raised to a range of $17.425 billion to $17.475 billion; adjusted EBITDA guidance raised to $5.550 billion to $5.575 billion.
  • Year-to-date shareholder returns: $1.43 billion returned to shareholders, comprising $848 million in share repurchases and $577 million in dividends paid.
  • Quarterly dividend declared: $0.670 per share for shareholders of record on January 4, 2027, payable January 15, 2027.

Republic Services Reports Q3 2026 Earnings and Raises Full-Year Outlook

According to the filing, Republic Services reported Q3 2026 revenue of $4,559 million, compared to $4,212 million in the third quarter of 2025. The company disclosed that total revenue growth of 8.2 percent reflected 4.8 percent organic growth from its recycling and waste business, 2.1 percent from environmental solutions, and 1.3 percent from acquisitions. Core price on total revenue increased revenue by 5.3 percent, while volume decreased revenue by 0.6 percent.

The filing reported adjusted EBITDA of $1.45 billion and an adjusted EBITDA margin of 31.8 percent of revenue for the quarter, both non-GAAP measures. Year-to-date cash flow from operations was reported as part of a nine-month net income of $1,683 million attributable to Republic Services, Inc. Year-to-date cash invested in acquisitions totaled $1.12 billion, the filing stated. The company's average recycled commodity price per ton sold at its recycling centers during Q3 2026 was $142, representing an increase of $16 per ton over the prior year.

On October 28, 2026, the Board of Directors approved the new $5 billion repurchase authorization, effective January 1, 2027, through December 31, 2029. The filing noted that as of September 30, 2026, the remaining capacity under the prior authorization was $0.8 billion, continuing through December 31, 2026. Full-year 2026 adjusted free cash flow guidance was raised to a range of $2.565 billion to $2.585 billion. The filing also noted that Republic received Great Place to Work certification for the 10th consecutive year during the quarter.

What Was Disclosed

Republic Services disclosed Q3 and nine-month 2026 financial results, updated full-year revenue, adjusted EBITDA, and adjusted free cash flow guidance, a new $5 billion share repurchase authorization beginning January 2027, and a quarterly dividend of $0.670 per share payable January 15, 2027.