Republic Services Reports 4.6% Revenue Growth to $4.235 Billion in Q2 2025

Republic Services, Inc. reported a notable increase in financial performance for the second quarter of 2025, with revenues reaching $4.235 billion, up 4.6% from $4.048 billion in the same period last year. For the first half of 2025, total revenue was $8.244 billion, a 4.2% increase compared to $7.910 billion in the first half of 2024. The growth in revenue was attributed to a 4.3% increase in average yield, contributions from acquisitions, and a slight uptick in recycling processing and commodity sales. However, these gains were partially offset by a decrease in volume and environmental solutions revenue.

The company's net income for the second quarter was $550 million, or $1.75 per diluted share, compared to $512 million, or $1.62 per diluted share, in the prior year. For the first half of 2025, net income attributable to Republic Services was $1.045 billion, or $3.33 per diluted share, up from $965 million, or $3.06 per diluted share, in the same period of 2024. The increase in profitability was supported by effective cost management, with total operating expenses rising at a slower rate than revenue.

Strategically, Republic Services has continued to expand its footprint through acquisitions, spending approximately $873 million on various environmental services businesses in the first half of 2025, compared to $41 million in the same period of 2024. Notably, the acquisition of COP Shamrock Parent, Inc. in February 2025 is expected to enhance the company's capabilities in industrial waste and wastewater treatment services, particularly in the northeastern and southeastern United States.

Operationally, Republic Services reported a total of 372 collection operations, 254 transfer stations, and 208 active landfills as of June 30, 2025. The company also noted a slight increase in its employee headcount, reflecting its growth strategy. The total assets of the company increased to $33.397 billion from $32.402 billion at the end of 2024, driven by the acquisitions and investments in property and equipment, which totaled $866 million in the first half of 2025.

Looking ahead, Republic Services anticipates revenue for the full year 2025 to be in the range of $16.675 billion to $16.750 billion, with adjusted diluted earnings per share projected between $6.82 and $6.90. The company is focused on maintaining pricing above cost inflation, driving profitable volume growth, and investing in sustainability initiatives. However, it has also begun to experience labor disruptions in certain markets, which may impact its financial performance in the latter half of the year.