RB Global Raises Full-Year Guidance as GTV Hits $4.7 Billion
The company increased its full-year gross transaction value growth forecast to a range of 9% to 11%.
RB Global (RBA), the asset management and remarketing company, reported second-quarter total gross transaction value (GTV) of $4.7 billion. The result represented an 11% increase year-over-year, though growth slowed from the 13% increase recorded in the first quarter.
Total revenue rose 11% year-over-year to $1.3 billion. This growth rate remained consistent with the 11% year-over-year increase reported in the prior quarter. Adjusted EBITDA increased 6% year-over-year to $387.2 million, a deceleration from the 11% increase seen in the first quarter.
Performance was supported by a 13% year-over-year increase in Automotive GTV, driven by an 11% rise in unit volumes. GTV for other sectors increased 36% year-over-year, primarily due to the acquisition of BigIron.
Inventory sales revenue increased 28% year-over-year to $383.7 million, though this was a slowdown from the 32% increase in the first quarter. The inventory rate rose 180 basis points year-over-year to 5.9%. Meanwhile, the service revenue take rate declined 110 basis points year-over-year to 20.0%, an improvement over the 160 basis point decline reported in the first quarter.
RB Global raised its full-year 2026 GTV growth guidance to between 9% and 11%, up from a previous range of 6% to 9%. The company slightly increased its full-year adjusted EBITDA guidance to a range of $1,495 million to $1,545 million from a prior range of $1,485 million to $1,545 million.
During the second quarter, the company repurchased and retired approximately 1.5 million common shares for $150.0 million. On July 21, 2026, the company increased its quarterly cash dividend to $0.33 per common share from $0.31.