EquipmentShare Uncorks A Record-Setting Second Quarter
EquipmentShare posted $908.0 million in Equipment Rental and Services Operations revenues in the second quarter of 2026 compared to $651 million in the second quarter of 2025, a 39.5-percent year-over-year revenue increase. Total revenue increased from $1,147 million in the second quarter of 2025 to $1,449 million in the second quarter of 2026, a 26.3-percent increase.
The company said rental segment revenue’s increase is because of significant customer demand, which drove continued expansion of the company’s operation location footprint and an increase in the size of the company’s managed fleet. The equipment sales segment revenue increased 1 percent year-over-year because of an $11 million increase in placements into EquipmentShare’s OWN program, partially offset by a $6 million decrease in the sale of new and used equipment to contractors and end users. The OWN program allows third parties to acquire fleet managed by EquipmentShare.
Adjusted core EBITDA increased $136 million to $531 million because of the continued expansion of the company’s full-service rental location footprint and maturation of existing rental sites within the Rental Segment. EquipmentShare opened 23 operational locations during the second quarter, including 20 full-service rental locations and three building material locations. It has opened 39 new locations since the beginning of 2026.
Equipment, technology and service
"We delivered another exceptional quarter, supported by strong customer demand, continued market share gains and disciplined execution across the business,” said Jabbok Schlacks, founder and CEO of EquipmentShare. “Rental Segment revenue increased more than 39 percent year over year, while our mature rental locations continued to generate industry-leading margins that demonstrate the embedded earnings power of our expanding network. As customers undertake larger and more complex projects, they are increasingly consolidating spend with EquipmentShare because of our ability to combine equipment, technology and service through one integrated platform. Looking ahead, customer demand remains healthy, our mega-project pipeline continues to expand, and we remain confident in our outlook and see a meaningful opportunity for growth."
“We built T3 to run EquipmentShare, and increasingly our customers want to run more of their businesses on it,” said Willy Schlacks, founder and president of EquipmentShare. “Customers that engage with T3 spend approximately six times more with us, and we are seeing the platform expand beyond rental into mixed fleet, service, logistics and broader enterprise workflows.”
For the first six months of the year, equipment rental revenue was $3,189 million ($3.189 billion), compared to $2,327 million for the first six months of 2025, a 37-percent jump.
EquipmentShare, based in Columbia, Mo., is No. 4 on the RER 100.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.