Republic Services income statement

In fiscal 2025, Republic Services reported revenue of $19.03bn, up 3.3% on the year before, operating income of $3.30bn (a 17.4% margin) and net income of $2.14bn, or $6.85 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Republic Services: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	8.2	8.1	9.8	9.7	10.1	10.6	11.0	11.4	12.1	11.9	12.2	12.0	13.3	15.6	17.3	18.4	19.0	19.7
Cost of revenue	4.8	4.8	4.9	5.0	5.2	5.6	5.5	5.8	6.2	6.2	6.3	6.1	6.7	8.2	8.9	9.4	9.6	10.0
Gross profit	3.4	3.3	4.9	4.7	4.9	5.0	5.5	5.6	5.9	5.7	5.9	5.9	6.6	7.4	8.3	9.1	9.4	9.7
Selling, general and administrative	0.9	0.9	0.8	0.8	0.9	0.9	1.0	1.0	1.1	1.1	1.1	1.1	1.2	1.5	1.6	1.7	1.7	1.8
Operating income	1.6	1.5	1.6	1.3	1.2	1.2	1.6	1.5	1.7	1.7	1.8	1.7	2.1	2.4	2.8	3.2	3.3	3.5
Interest expense	0.6	0.5	0.4	0.4	0.4	0.3	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.4	0.5	0.5	0.6	0.6
Income before tax	0.9	0.9	0.9	0.8	0.9	0.9	1.2	1.0	1.3	1.3	1.3	1.1	1.6	1.8	2.2	2.4	2.6	2.6
Income tax	0.4	0.4	0.3	0.3	0.3	0.3	0.4	0.4	0.0	0.3	0.2	0.2	0.3	0.3	0.5	0.4	0.5	0.4
Net income	0.5	0.5	0.6	0.6	0.6	0.5	0.7	0.6	1.3	1.0	1.1	1.0	1.3	1.5	1.7	2.0	2.1	2.2
Diluted EPS	$1.30	$1.32	$1.56	$1.55	$1.62	$1.53	$2.13	$1.78	$3.77	$3.16	$3.33	$3.02	$4.04	$4.69	$5.47	$6.49	$6.85	$7.22
Diluted shares (average)	381m	385m	378m	368m	363m	358m	351m	344m	339m	328m	322m	320m	319m	317m	317m	315m	312m	308m
EBITDA	2.5	2.4	2.4	2.2	2.1	2.1	2.5	2.5	2.7	2.8	2.8	2.8	3.3	3.7	4.3	4.9	5.1	5.4

US$ millions unless shown otherwise. Fiscal quarters.

Republic Services: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	4,634	4,593	4,882	4,827	4,727	4,699	5,076	5,205
Cost of revenue	2,317	2,314	2,449	2,463	2,404	2,366	2,563	2,663
Gross profit	2,317	2,279	2,433	2,364	2,323	2,333	2,513	2,542
Selling, general and administrative	447	427	425	422	436	425	444	447
Operating income	803	804	861	836	800	830	901	921
Interest expense	133	140	145	143	146	151	151	157
Income before tax	533	665	720	645	564	656	699	719
Income tax	20	170	170	95	20	131	133	126
Net income	512	495	550	550	545	525	566	592
Diluted EPS	$1.63	$1.58	$1.75	$1.76	$1.75	$1.70	$1.84	$1.93
EBITDA	1,246	1,238	1,324	1,295	1,258	1,291	1,389	1,415

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Republic Services's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Republic Services.