Description

RB Global Is Expanding Fast Across Core Sectors — But Can It Sustain This Volume-Led Growth Momentum?

RB Global reported its full-year and fourth-quarter 2025 financial results marked by modest growth amid strategic initiatives and selective contract renewals. The company demonstrated a disciplined approach to expanding its market share while maintaining operational efficiency and cost management. Total gross transaction value (GTV) rose 4% in the fourth quarter, with a 2% increase in automotive unit volumes excluding prior-year catastrophic event impacts, reflecting continued solid demand and organic growth. The commercial construction and transportation (CCT) sector also showed improvement, with GTV up 9% for the quarter, or approximately 10% excluding the impact of a significant bankruptcy in the transportation sector. Adjusted EBITDA grew by 10% in the quarter, benefiting from higher GTV, a modest expansion in service revenue take rate, and ongoing cost control measures. Adjusted EBITDA margin improved to 8.9% from 8.4% in the prior year, indicating enhanced operational leverage.