AVIS BUDGET GROUP, INC. reported second-quarter 2026 results with revenue of $3B, a slight decline from $3.04B a year earlier, while net income attributable to the company rose to $35M and diluted EPS increased to $0.98 from $0.1 in Q2 2025.
Financial Highlights
- Revenue: $3.00B for Q2 2026, down from $3.04B in Q2 2025 ( (1.4%) ).
- Net income: $35M attributable to Avis Budget Group, Inc. for Q2 2026, up from $4M in Q2 2025.
- Diluted EPS: $0.98 for Q2 2026, up from $0.10 in Q2 2025.
Business Highlights
- Revenue trend: Revenues were modestly up year-to-date (about +1%), with Q2 revenue roughly stable as higher revenue per day offset lower rental volume.
- Brand & channels: Avis, Budget and Zipcar maintained a global footprint across roughly 180 countries, with strong contribution from the Americas.
- Fleet operations: Average fleet was about 665K in Q2; lower per-unit fleet costs and increased gain on sale supported improved margins.
- Operational efficiency: Reduced vehicle depreciation and lease charges and a tighter fleet strategy, including a U.S. EV useful-life change, helped lower costs.
- Liquidity and funding: Asset-backed financings and securitizations were used to fund fleet purchases and support vehicle availability.
Original SEC Filing:
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