[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_96":97},"routes/item",{"_9":10},"item",{"_11":12,"_13":14,"_15":16,"_17":16,"_18":19,"_20":-5,"_21":22,"_23":24,"_25":26,"_27":28,"_29":28,"_30":31,"_32":33,"_34":35,"_36":37,"_38":39,"_40":41,"_42":43,"_44":-5,"_45":46,"_47":-5,"_48":-5,"_49":50,"_51":52,"_53":54,"_55":56,"_57":56,"_58":59,"_60":39,"_61":62},"id","h4onksi78e544vvd76pyasquk","revision",2,"title","ROLLINS INC (0000084839) (Filer)","originalTitle","summary","Rollins Inc 截至2026年9月30日的季度财务数据显示，总资产33.59亿美元，前三季度收入30.75亿美元，同比增长7.9%。公司宣布2026年10月20日派发每股0.20美元的季度股息，并计划2026年全年有机收入增长4%至6%。","reason","source",{"_11":86,"_87":88,"_89":90,"_91":56,"_92":93,"_94":95},"links",{"_83":84,"_62":85},"publishedAt","2026-10-22T20:06:52.000Z","discoveredAt","2026-10-23T00:13:16.066Z","timelineAt","category","ai-products","tags",[80,81,82],"stockSymbols",[79],"score",50,"selected",false,"channel","news","story",{"_71":72,"_15":73},"x","readingMode","full","author","language","body",{"_75":-5,"_62":76,"_77":-5,"_78":39},"outline",[],"relatedStories",[74],"indexable",true,"markdownAvailable","group",{"_63":64,"_42":65,"_66":67,"_68":69,"_70":69},"hasTranslation","bodyLanguage","original","factId","fGI_6umGjyNU",{"_71":72,"_15":73},"reportCount",1,"additionalSourceCount",0,"developmentCount","publicId","1b50b638-14e5-4295-a38e-a65db9e73d8f","Rollins发布2026Q3财报并下调增长预期",{"_71":72,"_15":73},"zh","

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________________________

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2026

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 1-4422

$\"Rollins$

ROLLINS, INC.

(Exact name of registrant as specified in its charter)


Delaware		51-0068479
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

2170 Piedmont Road, N.E., Atlanta, Georgia

(Address of principal executive offices)

30324

(Zip Code)

(404) 888-2000

(Registrant’s telephone number, including area code)

___________________________________________________

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	ROL	NYSE

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No x

Rollins, Inc. had 478,045,280 shares of its $1 par value Common Stock outstanding as of October 12, 2026.


		Pages

PART I	FINANCIAL INFORMATION	3

ITEM 1.	FINANCIAL STATEMENTS	3
	CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION	3
	CONDENSED CONSOLIDATED STATEMENTS OF INCOME	4
	CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	5
	CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY	6
	CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	8
	NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	9
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	25
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	43
ITEM 4.	CONTROLS AND PROCEDURES	44

PART II	OTHER INFORMATION	45

ITEM 1.	LEGAL PROCEEDINGS	45
ITEM 1A.	RISK FACTORS	45
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	46
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	46
ITEM 4.	MINE SAFETY DISCLOSURES	46
ITEM 5.	OTHER INFORMATION	47
ITEM 6.	EXHIBITS	48

SIGNATURES	49


	September 30, 2026		December 31, 2025
ASSETS
Cash and cash equivalents	$	129,050			$	100,004
Trade receivables, net of allowance for expected credit losses of $21,856 and $23,528, respectively	255,872			202,518
Financed receivables, short-term, net of allowance for expected credit losses of $3,781 and $3,112, respectively	48,824			44,723
Materials and supplies	42,215			42,982
Real estate assets held for sale	13,686			—
Other current assets	123,178			82,455
Total current assets	612,825			472,682
Equipment and property, net of accumulated depreciation of $243,714 and $237,815, respectively	111,031			126,187
Goodwill	1,466,429			1,374,664
Customer contracts, net	410,414			407,516
Trademarks & tradenames, net	173,082			166,779
Other intangible assets, net	6,336			8,089
Operating lease right-of-use assets	394,264			424,528
Financed receivables, long-term, net of allowance for expected credit losses of $10,045 and $7,922, respectively	119,701			110,057
Other assets	64,706			50,021
Total assets	$	3,358,788			$	3,140,523
LIABILITIES
Short-term debt	$	239,562			$	123,683
Accounts payable	74,249			44,361
Accrued insurance - current	51,588			44,123
Accrued compensation and related liabilities	126,097			128,259
Unearned revenues	192,825			187,670
Operating lease liabilities - current	137,157			137,410
Other current liabilities	165,165			120,019
Total current liabilities	986,643			785,525
Accrued insurance, less current portion	95,677			79,157
Operating lease liabilities, less current portion	261,402			290,765
Long-term debt	487,587			486,147
Other long-term accrued liabilities	137,021			124,608
Total liabilities	1,968,330			1,766,202
Commitments and contingencies (see Note 9)
STOCKHOLDERS’ EQUITY
Preferred stock, without par value; 500,000 shares authorized, zero shares issued	—			—
Common stock, par value $1 per share; 800,000,000 shares authorized, 478,012,174 and 481,193,751 shares issued and outstanding, respectively	478,012			481,194
Additional paid in capital	190,195			179,406
Accumulated other comprehensive (loss) income	(26,548)			(25,194)
Retained earnings	748,799			738,915
Total stockholders’ equity	1,390,458			1,374,321
Total liabilities and stockholders’ equity	$	3,358,788			$	3,140,523


	Three Months Ended September 30,		Nine Months Ended September 30,
	2026		2025		2026		2025
REVENUES
Customer services	$	1,089,670			$	1,026,106		$	3,074,670	$	2,848,137
COSTS AND EXPENSES
Cost of services provided (exclusive of depreciation and amortization below)	506,767			467,450			1,460,919		1,329,445
Sales, general and administrative	326,771			301,404			944,666		859,513

Depreciation and amortization	33,273			32,231			99,381		93,177
Total operating expenses	866,811			801,085			2,504,966		2,282,135
OPERATING INCOME	222,859			225,021			569,704		566,002
Interest expense, net	10,669			7,942			28,911		21,118
Other (income) expense, net	(400)			(350)			1,351		(1,334)
CONSOLIDATED INCOME BEFORE INCOME TAXES	212,590			217,429			539,442		546,218
PROVISION FOR INCOME TAXES	54,663			53,902			129,767		135,954
NET INCOME	$	157,927			$	163,527		$	409,675	$	410,264
NET INCOME PER SHARE - BASIC AND DILUTED	$	0.33			$	0.34		$	0.85	$	0.85
Weighted average shares outstanding – basic	478,970		484,635		480,567		484,565
Weighted average shares outstanding – diluted	478,978		484,670		480,586		484,598
DIVIDENDS PAID PER SHARE	$	0.1825			$	0.1650		$	0.5475	$	0.4950


	Common Stock	Additional Paid-in Capital		Accumulated Other Comprehensive (Loss) Income		Retained Earnings		Total
	Shares	Amount
Balance at June 30, 2026	481,124	$	481,124			$	180,952			$	(27,442)		$	794,963	$	1,429,597
Net income	—	—			—			—			157,927		157,927
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—	—			—			910			—		910

Unrealized (loss) gain on available for sale securities	—	—			—			(16)			—		(16)
Dividends	—	—			—			—			(87,205)		(87,205)
Stock compensation	(2)		(2)			10,295			—			—		10,293
Shares withheld for payment of employee taxes	(1)		(1)			(69)			—			—		(70)
Repurchase and retirement of common stock, including excise tax	(3,109)		(3,109)			(983)			—			(116,886)		(120,978)
Balance at September 30, 2026	478,012	$	478,012			$	190,195			$	(26,548)		$	748,799	$	1,390,458


(in thousands)	Initial Preliminary Allocation as of 4/1/2026	Measurement Period Adjustments	Updated Preliminary Allocation as of 4/1/2026
Cash	$	1,412		$	—	$	1,412
Accounts receivable	806		8		814
Materials and supplies	345		—		345
Other current assets	276		2		278
Equipment and property	3,131		—		3,131
Goodwill	46,223		30		46,253
Customer contracts	38,600		—		38,600
Trademarks & tradenames	7,300		—		7,300
Operating lease right-of-use assets	851		—		851
Accounts payable	(117)		—		(117)
Accrued compensation and related liabilities	(608)		—		(608)
Other current liabilities	(1,364)		(40)		(1,404)
Operating lease liabilities	(851)		—		(851)
Unearned revenue	(287)		—		(287)
Assets acquired and liabilities assumed	$	95,717		$	—	$	95,717


	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands)	2026		2025		2026		2025
Revenues	$	1,089,670			$	1,035,611		$	3,083,191	$	2,874,200
Net income	157,186			164,223			408,906		412,354


(in thousands)	Final Fair Value
Cash	$	1,522
Accounts receivable	805
Materials and supplies	573
Other current assets	414
Equipment and property	4,657
Goodwill	129,262
Customer contracts	56,300
Trademarks & tradenames	17,300
Operating lease right-of-use assets	991
Accounts payable	(1,984)
Accrued compensation and related liabilities	(1,064)
Other current liabilities	(558)
Operating lease liabilities	(991)
Assets acquired and liabilities assumed	$	207,227


	Allowance for Credit Losses
(in thousands)	Trade Receivables		Financed Receivables		Total Receivables
Balance at December 31, 2025	$	23,528			$	11,034		$	34,562
Provision for expected credit losses	5,071			2,751			7,822
Write-offs charged against the allowance	(8,127)			(2,321)			(10,448)
Recoveries collected	1,536			184			1,720
Balance at March 31, 2026	$	22,008			$	11,648		$	33,656
Provision for expected credit losses	6,621			2,916			9,537
Write-offs charged against the allowance	(9,206)			(1,714)			(10,920)
Recoveries collected	1,579			126			1,705
Balance at June 30, 2026	$	21,002			$	12,976		$	33,978
Provision for expected credit losses	8,150			2,468			10,618
Write-offs charged against the allowance	(8,857)			(1,748)			(10,605)
Recoveries collected	1,561			130			1,691
Balance at September 30, 2026	$	21,856			$	13,826		$	35,682


	September 30, 2026		December 31, 2025
(in thousands)	Gross		Accumulated Amortization		Carrying Value		Gross	Accumulated Amortization		Carrying Value		Useful Life in Years
Amortizable intangible assets:
Customer contracts	$	795,573			$	(385,159)		$	410,414			$	741,568		$	(334,052)		$	407,516	3-20
Trademarks and tradenames	27,706			(18,951)			8,755		26,136			(16,388)		9,748			7-20
Other intangible assets	28,176			(21,840)			6,336		28,240			(20,151)		8,089			3-20
Total amortizable intangible assets	$	851,455			$	(425,950)		$	425,505			$	795,944		$	(370,591)		$	425,353

Indefinite-lived intangible assets					164,327						157,031
Total intangible assets, excluding goodwill					$	589,832						$	582,384


(in thousands)
2026 (excluding the nine months ended September 30, 2026)	$	24,119
2027	95,298
2028	86,171
2029	71,633
2030	50,181


	Nine Months Ended September 30,
	2026		2025
OPERATING ACTIVITIES
Net income	$	409,675			$	410,264
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	99,381			93,177
Stock-based compensation expense	31,786			29,864
Provision for expected credit losses	27,977			24,744
Loss (gain) on sale of assets, net	1,590			(1,334)
Provision for deferred income taxes	2,053			16,317
Other operating activities, net	2,067			(145)
Changes in operating assets and liabilities:
Trade accounts receivable	(79,360)			(59,807)
Financing receivables	(13,495)			(17,785)
Materials and supplies	653			(2,401)
Other current assets	(40,972)			(18,676)
Accounts payable and accrued expenses	80,987			25,027
Unearned revenue	4,015			16,276
Other long-term assets and liabilities	6,375			(2,158)
Net cash provided by operating activities	532,732			513,363
INVESTING ACTIVITIES
Acquisitions, net of cash acquired	(162,646)			(288,308)
Capital expenditures	(19,932)			(22,360)
Proceeds from sale of assets	2,023			5,886
Other investing activities, net	2,955			1,967
Net cash used in investing activities	(177,600)			(302,815)
FINANCING ACTIVITIES
Payment of contingent consideration	(17,914)			(7,773)
Issuance of senior notes	—			492,215

Borrowings under revolving commitment	—			11,000
Borrowings under commercial paper, net	125,132			—
Repayments of revolving commitment	—			(408,000)
Payment of debt issuance costs	—			(6,087)
Payment of dividends	(263,146)			(239,450)
Cash paid for common stock purchased	(162,891)			(18,573)
Other financing activities, net	(6,314)			1,523
Net cash used in financing activities	(325,133)			(175,145)
Effect of exchange rate changes on cash	(953)			2,324


	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands)	2026		2025		2026		2025
Beginning balance	$	249,242			$	243,459		$	232,986	$	223,872
Deferral of unearned revenue	75,064			71,100			240,171		226,581
Recognition of unearned revenue	(76,488)			(69,881)			(225,339)		(205,775)
Ending balance	$	247,818			$	244,678		$	247,818	$	244,678


(in thousands)	September 30, 2026		December 31, 2025
Outstanding borrowings (1)	$	239,562			$	114,430
Weighted average annual interest rate	4.17	%		3.94	%
Weighted average remaining term	6.5 days		6.3 days


	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands)	2026		2025		2026		2025
Beginning balance	$	44,921			$	40,215		$	37,077	$	21,008
New acquisitions and measurement adjustments	2,998			4,457			18,851		26,164
Payouts	(10,889)			(4,325)			(20,384)		(7,773)
Interest and fair value adjustments	652			739			2,366		1,936
Charge offset, forfeit and other	8			1,004			(220)		755
Ending balance	$	37,690			$	42,090		$	37,690	$	42,090


	Three Months Ended September 30,
					Variance
(in thousands, except per share data)	2026		2025		$	%
GAAP Metrics
Revenues	$	1,089,670			$	1,026,106		$	63,564	6.2	%
Gross profit (1)	$	582,903			$	558,656		$	24,247	4.3	%
Gross profit margin (1)	53.5	%		54.4	%		(90) bps
Operating income	$	222,859			$	225,021		$	(2,162)	(1.0)	%
Operating margin	20.5	%		21.9	%		(140) bps
Net income	$	157,927			$	163,527		$	(5,600)	(3.4)	%
EPS	$	0.33			$	0.34		$	(0.01)	(2.9)	%
Operating cash flow	$	241,859			$	191,349		$	50,510	26.4	%

Non-GAAP Metrics
Adjusted operating income (2)	$	230,683			$	232,057		$	(1,374)	(0.6)	%
Adjusted operating margin (2)	21.2	%		22.6	%		(140) bps
Adjusted net income (2)	$	163,343			$	168,501		$	(5,158)	(3.1)	%
Adjusted EPS (2)	$	0.34			$	0.35		$	(0.01)	(2.9)	%
Adjusted EBITDA (2)	$	256,571			$	258,334		$	(1,763)	(0.7)	%
Adjusted EBITDA margin (2)	23.5	%		25.2	%		(170) bps
Free cash flow (2)	$	235,495			$	182,846		$	52,649	28.8	%


	Consolidated Net Revenues
(in thousands)	2026		2025		2024
First quarter	$	906,424			$	822,504		$	748,349
Second quarter	1,078,576			999,527			891,920
Third quarter	1,089,670			1,026,106			916,270
Fourth quarter	—			912,913			832,169
Year to date	$	3,074,670			$	3,761,050		$	3,388,708


	Period Ended September 30, 2026		Period Ended December 31, 2025
Reconciliation of Debt and Net Income to Leverage Ratio

Short-term debt (5)	$	239,562			$	123,683
Long-term debt (6)	500,000			500,000
Operating lease liabilities (7)	398,559			428,175
Cash adjustment (8)	(116,145)			(90,004)
Adjusted net debt	$	1,021,976			$	961,854

Net income	526,116			526,705
Depreciation and amortization	130,948			124,744
Interest expense, net	36,351			28,558
Provision for income taxes	168,034			174,221
Operating lease cost (9)	170,431			159,924
Stock-based compensation expense	41,629			39,707
Adjusted EBITDAR	$	1,073,509			$	1,053,859

Leverage ratio	1.0x		0.9x


Period	Total number of shares purchased (1)	Weighted- average price paid per share		Total number of shares purchased as part of publicly announced repurchases (2)	Maximum number of shares that may yet be purchased under the repurchase plan (2)
July 1 to 31, 2026	2,452,940	$	38.76		2,451,346	8,582,190
August 1 to 31, 2026	657,245	$	37.96		657,245	7,924,945
September 1 to 30, 2026	—	$	—		—	7,924,945
Total	3,110,185			3,108,591


	ROLLINS, INC.
	(Registrant)

Date: October 22, 2026	By:	/s/ William W. Harkins
		William W. Harkins
		Principal Financial and Accounting Officer