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Sep 30
RB Global Q3 2025 Earnings Report
RB Global reported strong third quarter 2025 results with significant growth in revenue, net income, and adjusted EPS.
Key Takeaways
RB Global delivered a robust third quarter in 2025, with total revenue increasing 11% year over year to $1.1 billion and net income rising 25% to $95.2 million. The company saw broad-based GTV growth across all sectors, up 7% to $3.9 billion, and achieved a 31% increase in diluted adjusted earnings per share to $0.93. Strong operating leverage and strategic investments contributed to solid bottom-line growth.
Total revenue increased 11% year over year to $1.1 billion, driven by strong performance in both service revenue and inventory sales.
Net income grew by 25% year over year to $95.2 million, reflecting improved operational efficiency and lower interest expenses.
Gross Transaction Value (GTV) rose 7% to $3.9 billion, with growth observed across all sectors, particularly in commercial construction and transportation, and automotive.
Diluted adjusted earnings per share increased significantly by 31% to $0.93, demonstrating strong operating leverage and effective execution discipline.
RB Global
RB Global
RB Global Revenue by Segment
Revenue by Segment
Transactional seller Revenue
CapyFin.comTransactional buyer Revenue
CapyFin.comMarketplace services Revenue
CapyFin.comTotal service Revenue
CapyFin.comInventory sales Revenue
CapyFin.com Forward Guidance
RB Global has updated its full-year 2025 financial outlook, projecting GTV growth between 0% and 1% and Adjusted EBITDA in the range of $1,350 million to $1,380 million. The company also anticipates a full-year tax rate of 22% to 24% and capital expenditures between $350 million and $400 million.
Positive Outlook
- Adjusted EBITDA outlook for full-year 2025 increased to a range of $1,350 million to $1,380 million, up from the prior outlook of $1,340 million to $1,370 million.
- Full-year tax rate (GAAP and adjusted) is expected to be lower, at 22% to 24%, compared to the prior outlook of 24% to 27%.
- The company continues to invest in growth initiatives and customer experience, positioning for durable long-term growth.
- The newly implemented operating model is expected to drive the next generation of growth and shareholder value creation.
- The company's commitment to being trusted partners and the dedication of its teammates are expected to continue driving broad-based GTV growth.
Challenges Ahead
- GTV growth outlook for full-year 2025 was narrowed to 0% to 1%, down from the prior outlook of 0% to 3%.
- The outlook for capital expenditures remains high at $350 million to $400 million, indicating significant ongoing investment needs.
- The report does not provide specific negative forward-looking statements beyond the narrowed GTV growth outlook.
- Potential risks include the ability to integrate acquisitions, operating costs and business disruption being greater than expected, and the failure to achieve expected operating results.
- General economic and market developments and conditions, including global trade tensions and tariffs, could impact future performance.