Republic Services, Inc. stock research
FY2026 Q1
Republic Services (RSG) Gross Margin — Quarter Ended Mar 31, 2026
Revenue and gross profit remained stable compared to the prior quarter, while gross margin improved. Compared to the same quarter last year, revenue was higher, gross profit was stable, and gross margin was slightly higher.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and gross profit remained stable compared to the prior quarter, while gross margin improved. Compared to the same quarter last year, revenue was higher, gross profit was stable, and gross margin was slightly higher.
- The gross margin improvement was driven by a decline in the proportion of cost of revenue to revenue relative to both the prior quarter and the year-ago quarter.
- Compared to the prior quarter, revenue and gross profit were stable, and gross margin improved. Compared to the same quarter last year, revenue was higher, gross profit was stable, and gross margin was slightly higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.5%
Gross profit
$1.7B
Revenue
$4.1B
Cost of revenue
$2.4B
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+0.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $4.2B | $1.8B | $2.4B | 42.2% |
| Sep 30, 2025 | $4.2B | $1.7B | $2.5B | 41.5% |
| Dec 31, 2025 | $4.1B | $1.7B | $2.4B | 41.9% |
| Mar 31, 2026 | $4.1B | $1.7B | $2.4B | 42.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.6 pts
Year-over-year change
Mar 31, 2025
+0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement was driven by a decline in the proportion of cost of revenue to revenue relative to both the prior quarter and the year-ago quarter.
Compared to the prior quarter, revenue and gross profit were stable, and gross margin improved. Compared to the same quarter last year, revenue was higher, gross profit was stable, and gross margin was slightly higher.
Monitor the trend in the cost of revenue relative to revenue, as it directly influences gross margin.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Republic Services, Inc. (RSG) | 42.5% |