RB Global (RBA) · Q2 2026 results and valuation

At 20.0% growth a year (3-year revenue growth), the model's fair value is $178.49 a share — the stock trades 46% below it. Today's price assumes 12.3% growth a year.

1. Guidance ↑

   RBA raised its 2026 outlook, now expecting gross transaction value to grow between 9% and 11% and adjusted EBITDA to grow approximately 8.6%.

   Source quote

   “We are raising our 2026 outlook and now expect gross transaction value to grow in the range of 9% to 11%, with adjusted EBITDA growth of approximately 8.6%...”

2. Figure

   Total GTV increased by 11% to $4.7 billion in the second quarter.

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 95% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Sentences that drove the tone

“As we move through the second half of the year, we are focused on executing against a clear set of priorities, created more value for our partners, improving operating leverage...”

“Service level performance remained strong and improved in certain areas, underscoring our ability to support growth through operational excellence.”

“Successfully executing this expansion demonstrates both the strength and scalability of our operating platform.”