Republic Services, Inc. income statement RSG

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Republic Services, Inc. reported revenue of $16.6 billion, up 3.5% from the year before. Net income was $2.1 billion, a profit margin of 12.9%. Operating income came to $3.3 billion, an operating margin of 19.9%. Diluted earnings per share were $6.85. Over the twelve months ended Sep 30, 2026, revenue was $17.2 billion and net income was $2.2 billion. Across the 10 fiscal years shown, revenue grew from $11.4 billion in fiscal 2015 to $16.6 billion in fiscal 2025, about 4.3% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2015 Dec 31, 2016
Revenue	17,238 +4.5%	16,591 +3.5%	16,032 +7.1%	14,965 +10.8%	13,511 +19.6%	11,295 +11.2%	10,154 -1.4%	10,299 +2.6%	10,041 -0.0%	10,042	11,355 +6.9%
Cost of revenue	9,997 +4.8%	9,630 +3.0%	9,350 +4.6%	8,943 +9.0%	8,205 +21.8%	6,738 +10.4%	6,100 -3.1%	6,298 +2.4%	6,150 -1.0%	6,215	5,764 +2.1%
Gross profit	7,241 +4.1%	6,961 +4.2%	6,682 +11.0%	6,022 +13.5%	5,306 +16.4%	4,557 +12.4%	4,053 +1.3%	4,001 +2.8%	3,891 +1.7%	3,827	5,591 +12.2%
Selling, general and administrative	1,752 +1.8%	1,710 +2.2%	1,674 +4.0%	1,609 +10.7%	1,454 +21.6%	1,196 +13.6%	1,053 -3.6%	1,092 +3.1%	1,060 +0.2%	1,057	970 +5.5%
Restructuring and impairment	17 -22.7%	20 -31.0%	29 -12.1%	33 +22.2%	27 +62.7%	17 -17.0%	20 +40.8%	14 -46.2%	26 +50.0%	18	41 +2161.1%
Operating income	3,452 +4.4%	3,302 +3.3%	3,196 +15.0%	2,780 +16.2%	2,392 +15.2%	2,076 +21.5%	1,709 -4.4%	1,787 +3.0%	1,736 +4.0%	1,668	1,538 +24.7%
Interest income	9 +12.5%	8 -11.1%	9 +50.0%	6 +100.0%	3 +20.0%	2 -51.9%	5 -18.8%	6 +300.0%	2 +60.0%	1	1 +50.0%
Interest expense	605 +7.8%	574 +6.5%	539	—	—	—	—	—	—	—	—
Other non-operating income (expense)	30 +36.4%	21 -8.7%	23 +228.6%	7 +450.0%	-2 -300.0%	-0 -112.2%	4 -35.9%	6 +88.2%	3 +25.9%	3	1 -35.3%
Equity in earnings of affiliates	-249 -18.0%	-163 +36.1%	-255 -171.3%	-94 +43.4%	-166 +11.9%	-188 -59.5%	-118 -5.3%	-112 -213.4%	-36	—	—
Pretax income	2,637 +2.9%	2,594 +6.7%	2,432 +11.0%	2,191 +19.6%	1,832 +16.3%	1,575 +37.8%	1,143 -11.8%	1,296 -1.9%	1,321 +3.0%	1,282	966 +9.1%
Income tax	409 -10.1%	455 +17.3%	388 -15.7%	460 +33.7%	344 +21.6%	283 +63.4%	173 -22.0%	222 -21.6%	283 +9038.7%	3	353 +4.5%
Net income	2,228 +5.7%	2,139 +4.7%	2,043 +18.0%	1,731 +16.4%	1,488 +15.3%	1,290 +33.4%	967 -9.9%	1,073 +3.5%	1,037 -18.9%	1,278	613 +11.9%
Basic EPS	7.23 +7.3%	6.86 +5.5%	6.50 +18.8%	5.47 +16.4%	4.70 +16.0%	4.05 +33.7%	3.03 -9.3%	3.34 +5.4%	3.17 -16.4%	3.79	1.79 +16.2%
Diluted EPS	7.22 +7.4%	6.85 +5.5%	6.49 +18.6%	5.47 +16.6%	4.69 +16.1%	4.04 +33.8%	3.02 -9.3%	3.33 +5.4%	3.16 -16.2%	3.77	1.78 +16.3%
Weighted average shares, basic	308 -1.5%	312 -0.8%	314 -0.6%	316 -0.1%	317 -0.7%	319 -0.1%	319 -0.6%	321 -1.8%	327 -3.0%	337	343 -3.8%
Weighted average shares, diluted	308 -1.5%	312 -0.8%	315 -0.6%	317 -0.1%	317 -0.7%	319 -0.1%	320 -0.7%	322 -1.9%	328 -3.1%	339	344 -3.8%
Other measures
Depreciation and amortization	1,900 +5.6%	1,814 +8.2%	1,677 +11.7%	1,501 +11.0%	1,352 +14.0%	1,186 +10.2%	1,076 +3.4%	1,040 +0.7%	1,033 -0.3%	1,036	971 +7.0%
EBITDA	5,352 +4.9%	5,116 +5.0%	4,873 +13.8%	4,281 +14.3%	3,744 +14.8%	3,262 +17.1%	2,785 -1.5%	2,828 +2.1%	2,769 +2.4%	2,705	2,508 +17.2%
Interest coverage	5.71x	5.75x	5.93x	—	—	—	—	—	—	—	—
Margins
Gross margin	42.01%	41.96%	41.68%	40.24%	39.27%	40.35%	39.92%	38.85%	38.75%	38.11%	49.24%
Operating margin	20.03%	19.90%	19.94%	18.58%	17.70%	18.38%	16.83%	17.35%	17.29%	16.62%	13.54%
Pretax margin	15.30%	15.63%	15.17%	14.64%	13.56%	13.95%	11.25%	12.58%	13.16%	12.77%	8.51%
Profit margin	12.92%	12.89%	12.74%	11.57%	11.01%	11.42%	9.53%	10.42%	10.33%	12.73%	5.39%
EBITDA margin	31.05%	30.84%	30.40%	28.61%	27.71%	28.88%	27.43%	27.45%	27.58%	26.94%	22.09%
Effective tax rate	15.51%	17.54%	15.95%	20.99%	18.78%	17.95%	15.15%	17.13%	21.45%	0.24%	36.52%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Refuse Systems (SIC 4953)
Listed as: RSG (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Phoenix, AZ
SEC filer status: Large accelerated filer
SEC CIK: 1060391
Former names: REPUBLIC SERVICES INC (until Jan 7, 2009)

Other Refuse Systems companies

All 15 Refuse Systems companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.