Description

Republic Services’ $2.55 Billion Cash Engine — Growth Spending Meets Resilience!

Republic Services, Inc. reported second quarter 2026 results showing moderate top- and bottom-line growth, supported by operational execution and investments in technology. The company posted revenue growth of 4.6% and adjusted EBITDA growth of 4.5%, maintaining a stable EBITDA margin of 32.1%. Adjusted earnings per share reached $1.85, with year-to-date adjusted free cash flow totaling $1.58 billion. Organic revenue growth was driven primarily by pricing increases across business lines, with average yield on total revenue at 3.4% and 4% on related revenue, exceeding cost inflation and enabling margin expansion. However, organic volume declined 1.6% on total revenue, largely due to event-driven landfill volume received in the prior year and softness in construction-related and residential volumes. The Environmental Solutions segment experienced sequential revenue and margin improvements, with revenue growing $53 million quarter-over-quarter and adjusted EBITDA margin rising to 20.2%.