RB Global, the parent company of heavy-equipment auction company Ritchie Bros., saw a strong start to its 2026 fiscal year, including standout growth in its construction segment.
In the company’s commercial construction and transportation division, gross transaction value — which represents the combined value of all transactions and their associated charges — was up 27% in the first quarter to $1.6 billion, the largest percentage increase among RB Global’s three business segments. Growth in this segment came primarily from higher average prices per lot sold, which was driven by an improved mix (sales trending toward higher-margin machines) and higher volumes.
Looking at the number of commercial construction and transportation lots sold, RB Global reported 97,800 lots, a 12% year-over-year increase. This was again the greatest percentage increase among RB Global’s business segments.
For the first quarter of 2026, 19,880 used commercial construction machines were sold in the U.S., according to Fusable’s EDA data. This represents a 6% year-over-year increase from 18,734 machines sold in the fourth quarter of 2024 (EDA is owned by Fusable, parent company of Equipment World).
RB Global’s automotive division brought in $2.3 billion in gross transaction value in the first quarter of this year, a 7% year-over-year increase.
Consolidated gross transaction value for the quarter was up 13% to $4.3 billion, while service revenue — generated from fees and commissions among all business segments — was up 5% in the first quarter to $897 million.
RB Global reported $135.6 million in net income for the quarter, up 20% from the first quarter of 2025.
Looking forward at the rest of its 2026 fiscal year, RB Global forecasts gross transaction value growth of 6% to 9% (previously 5% to 8%) while adjusted earnings before interest and taxes are expected to come in between $1.49 billion and $1.55 billion (previously $1.47 billion and $1.53 billion).
In addition to Ritchie Bros., RB Global owns a variety of companies that deal in online auctions or adjacent services, including Insurance Auto Auctions, Rouse Services, SmartEquip, Xcira and Veritread.
