REPUBLIC SERVICES, INC.

For the period ended Sep 30, 2026. Filed Oct 30, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 30, 2026

RSG$247.62+0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Financial Statements

CONSOLIDATED BALANCE SHEETS

(in millions, except per share data)

	September 30,	December 31,
	2026	2025
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$92	$76
Accounts receivable, less allowance for doubtful accounts and other of $59 and $66, respectively	2,126	1,897
Prepaid expenses and other current assets	460	550
Total current assets	2,678	2,523
Restricted cash and marketable securities	279	259
Property and equipment, net	12,963	12,639
Goodwill	17,330	16,715
Other intangible assets, net	779	655
Other assets	1,483	1,575
Total assets	$35,512	$34,366
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$1,448	$1,374
Notes payable and current maturities of long-term debt	48	596
Deferred revenue	481	496
Accrued landfill and environmental costs, current portion	158	148
Accrued interest	134	109
Other accrued liabilities	1,308	1,205
Total current liabilities	3,577	3,928
Long-term debt, net of current maturities	14,007	12,985
Accrued landfill and environmental costs, net of current portion	2,652	2,608
Deferred income taxes and other long-term tax liabilities, net	2,030	1,884
Insurance reserves, net of current portion	442	436
Other long-term liabilities	564	556
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.01 per share; 50 shares authorized; none issued	—	—
Common stock, par value $0.01 per share; 750 shares authorized; 314 and 313 issued including shares held in treasury, respectively	3	3
Additional paid-in capital	1,891	1,833
Retained earnings	12,253	11,161
Treasury stock, at cost; 9 and 5 shares, respectively	(1,876)	(1,000)
Accumulated other comprehensive loss, net of tax	(33)	(29)
Total Republic Services, Inc. stockholders’ equity	12,238	11,968
Non-controlling interests in consolidated subsidiary	2	1
Total stockholders’ equity	12,240	11,969
Total liabilities and stockholders’ equity	$35,512	$34,366

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Revenue	$4,559	$4,212	$13,103	$12,456
Expenses:
Cost of operations	2,663	2,463	7,593	7,226
Depreciation, depletion and amortization	494	459	1,442	1,356
Accretion	30	29	91	85
Selling, general and administrative	447	422	1,316	1,274
Restructuring charges	4	3	10	13
Gain on business divestitures and impairments, net	—	—	(1)	—
Operating income	921	836	2,652	2,502
Interest expense	(157)	(143)	(459)	(428)
Loss from unconsolidated equity method investments	(48)	(57)	(158)	(72)
Interest income	3	2	7	6
Other income, net	—	7	31	22
Income before income taxes	719	645	2,073	2,030
Provision for income taxes	126	95	389	435
Net income	593	550	1,684	1,595
Net income attributable to non-controlling interests in consolidated subsidiary	(1)	—	(1)	—
Net income attributable to Republic Services, Inc.	$592	$550	$1,683	$1,595
Basic earnings per share attributable to Republic Services, Inc. stockholders:
Basic earnings per share	$1.93	$1.76	$5.47	$5.10
Weighted average common shares outstanding	306.3	311.7	307.6	312.6
Diluted earnings per share attributable to Republic Services, Inc. stockholders:
Diluted earnings per share	$1.93	$1.76	$5.47	$5.10
Weighted average common and common equivalent shares outstanding	306.5	312.0	307.8	312.9
Cash dividends per common share	$0.670	$0.625	$1.920	$1.785

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Net income	$593	$550	$1,684	$1,595
Other comprehensive loss, net of tax	—	(3)	(4)	(5)
Comprehensive income	593	547	1,680	1,590
Comprehensive income attributable to non-controlling interests	(1)	—	(1)	—
Comprehensive income attributable to Republic Services, Inc.	$592	$547	$1,679	$1,590

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

	Republic Services, Inc. Stockholders’ Equity
Common Stock · Additional Paid-In Capital · Retained Earnings · Treasury Stock · Accumulated Other Comprehensive Loss, Net of Tax · Non-controllingInterests In Consolidated Subsidiary
Shares · Amount · Shares · Amount · Total
Balance as of December 31, 2025	313	$3	$1,833	$11,161	(5)	$(1,000)	$(29)	$1	$11,969
Net income	—	—	—	525	—	—	—	—	525
Other comprehensive loss	—	—	—	—	—	—	(2)	—	(2)
Cash dividends declared	—	—	—	(192)	—	—	—	—	(192)
Issuances of common stock	1	—	5	—	—	(19)	—	—	(14)
Stock-based compensation	—	—	13	(1)	—	—	—	—	12
Purchase of common stock for treasury	—	—	—	—	(1)	(317)	—	—	(317)
Balance as of March 31, 2026	314	3	1,851	11,493	(6)	(1,336)	(31)	1	11,981
Net income	—	—	—	566	—	—	—	—	566
Other comprehensive loss	—	—	—	—	—	—	(2)	—	(2)
Cash dividends declared	—	—	—	(191)	—	—	—	—	(191)
Issuances of common stock	—	—	7	—	—	(1)	—	—	6
Stock-based compensation	—	—	14	(1)	—	—	—	—	13
Purchase of common stock for treasury	—	—	—	—	(2)	(340)	—	—	(340)
Balance as of June 30, 2026	314	3	1,872	11,867	(8)	(1,677)	(33)	1	12,033
Net income	—	—	—	592	—	—	—	1	593
Cash dividends declared	—	—	—	(205)	—	—	—	—	(205)
Issuances of common stock	—	—	5	—	—	—	—	—	5
Stock-based compensation	—	—	14	(1)	—	—	—	—	13
Purchase of common stock for treasury	—	—	—	—	(1)	(199)	—	—	(199)
Balance as of September 30, 2026	314	$3	$1,891	$12,253	(9)	$(1,876)	$(33)	$2	$12,240

	Republic Services, Inc. Stockholders’ Equity
Common Stock · Additional Paid-In Capital · Retained Earnings · Treasury Stock · Accumulated Other Comprehensive Loss, Net of Tax · Non-controllingInterests In Consolidated Subsidiary
Shares · Amount · Shares · Amount · Total
Balance as of December 31, 2024	313	$3	$1,767	$9,774	(1)	$(113)	$(26)	$2	$11,407
Net income	—	—	—	495	—	—	—	—	495
Other comprehensive loss	—	—	—	—	—	—	(5)	—	(5)
Cash dividends declared	—	—	—	(181)	—	—	—	—	(181)
Issuances of common stock	—	—	3	—	—	(22)	—	—	(19)
Stock-based compensation	—	—	14	(1)	—	—	—	—	13
Purchase of common stock for treasury	—	—	—	—	—	(45)	—	—	(45)
Balance as of March 31, 2025	313	3	1,784	10,087	(1)	(180)	(31)	2	11,665
Net income	—	—	—	550	—	—	—	—	550
Other comprehensive income	—	—	—	—	—	—	3	—	3
Cash dividends declared	—	—	—	(182)	—	—	—	—	(182)
Issuances of common stock	—	—	6	—	—	(1)	—	—	5
Stock-based compensation	—	—	11	—	—	—	—	—	11
Balance as of June 30, 2025	313	3	1,801	10,455	(1)	(181)	(28)	2	12,052
Net income	—	—	—	550	—	—	—	—	550
Other comprehensive loss	—	—	—	—	—	—	(3)	—	(3)
Cash dividends declared	—	—	—	(194)	—	—	—	—	(194)
Issuances of common stock	—	—	5	—	—	(1)	—	—	4
Stock-based compensation	—	—	10	(1)	—	—	—	—	9
Purchase of common stock for treasury	—	—	—	—	(2)	(545)	—	—	(545)
Distributions paid	—	—	—	—	—	—	—	(1)	(1)
Balance as of September 30, 2025	313	$3	$1,816	$10,810	(3)	$(727)	$(31)	$1	$11,872

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30
	2026	2025
Cash provided by operating activities:
Net income	$1,684	$1,595
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion, amortization and accretion	1,533	1,442
Non-cash interest expense	59	57
Deferred tax provision	119	130
Loss from unconsolidated equity method investments	158	72
Other non-cash items	78	54
Change in assets and liabilities, net of effects from business acquisitions and divestitures:
Accounts receivable	(254)	(78)
Prepaid expenses and other assets	(49)	(93)
Accounts payable	176	23
Capping, closure and post-closure expenditures	(54)	(38)
Remediation expenditures	(36)	(31)
Other liabilities	105	182
Cash provided by operating activities	3,519	3,315
Cash used in investing activities:
Purchases of property and equipment	(1,363)	(1,310)
Proceeds from sales of property and equipment	9	10
Cash used in acquisitions and investments, net of cash and restricted cash acquired	(1,117)	(1,259)
Cash received from business divestitures	2	7
Other	(4)	(19)
Cash used in investing activities	(2,473)	(2,571)
Cash used in financing activities:
Proceeds from credit facilities and notes payable, net of fees	38,330	26,896
Proceeds from issuance of senior notes, net of discount and fees	1,183	1,183
Payments of credit facilities and notes payable	(39,061)	(27,639)
Issuances of common stock, net	(3)	(10)
Purchases of common stock for treasury	(856)	(599)
Cash dividends paid	(577)	(544)
Distributions paid to non-controlling interests in consolidated subsidiary	—	(1)
Contingent consideration payments	(22)	(9)
Cash used in financing activities	(1,006)	(723)
Effect of foreign exchange rate changes on cash	(1)	1
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents	39	22
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	249	203
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$288	$225

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.