AVIS BUDGET GROUP, INC. CAR

Industrials SIC 7510 - Services-Auto Rental & Leasing (No Drivers) NAICS Real Estate and Rental and Leasing › Rental and Leasing Services › Automotive Equipment Rental and Leasing › Passenger Car Rental and Leasing derived Nasdaq

Except as expressly indicated or unless the context otherwise requires, the "Company," "Avis Budget," "we," "our" or "us" means Avis Budget Group, Inc. and its subsidiaries. Unless the context requires otherwise, these references and references to our brands do not include the operations of our licensees, as further discussed below.

We are a leading global provider of mobility solutions through our three most recognized brands, Avis, Budget and Zipcar, as well as several other brands, well recognized in their respective markets. Our brands offer a range of options, from car and truck rental to car sharing. We license the use of the Avis, Budget, Zipcar and other brands' trademarks to licensees in areas in which we do not operate directly. We and our licensees operate our brands in approximately 180 countries throughout the world. We generally maintain a leading share of airport car rental revenues in North America, Europe and Australasia, and we operate a leading car sharing network and one of the leading commercial truck rental businesses in the United States. We believe the range of options from our diversified brands enjoy complementary demand patterns with mid-week commercial demand balanced by weekend leisure demand.

Last close 101.34 2026-10-23
Market cap $3.58B 2026-03-31 share count
52-week range 85.96 - 847.70

Valuation FY2025 figures against the last close

P/S0.3x
P/E—
P/FCF1.1x
EV/EBITDA—
Dividend yield0.0%
Diluted EPS-25.25

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • All Other Countries
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 8.4B (72.0%) 72% United States All Other Countries, FY2025: 3.3B (28.0%) 28% All Other Countries FY2024 United States, FY2024: 8.6B (72.8%) 73% All Other Countries, FY2024: 3.2B (27.2%) 27% FY2023 United States, FY2023: 8.8B (73.1%) 73% All Other Countries, FY2023: 3.2B (26.9%) 27%
Region FY2025FY2024FY2023
United States $8.39B $8.58B $8.78B
All Other Countries $3.26B $3.21B $3.23B

As the company reported it, from the “Segment Information - Schedule of Geographic Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Americas
  • International
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 8.9B (76.4%) 76% Americas International, FY2025: 2.8B (23.6%) 24% International FY2024 Americas, FY2024: 9.1B (77.3%) 77% International, FY2024: 2.7B (22.7%) 23% FY2023 Americas, FY2023: 9.3B (77.8%) 78% International, FY2023: 2.7B (22.2%) 22%
Segment FY2025FY2024FY2023
Americas $8.90B $9.11B $9.35B
International $2.75B $2.68B $2.66B

As the company reported it, from the “Segment Information - Summary of Segments Information (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $11.65B$11.79B$12.01B$11.99B$9.31B$5.40B$9.17B$9.12B$8.85B$8.66B
SG&A $1.45B$1.35B$1.41B$1.35B$1.15B$703.0M$1.24B$1.22B$1.12B$1.13B
Total operating expenses $12.58B$14.42B$10.09B$8.36B$7.61B$6.36B$8.88B$8.86B$8.64B$8.38B
Interest expense —$358.0M$296.0M$250.0M$218.0M$231.0M$178.0M$188.0M$188.0M$203.0M
Pre-tax income -$929.0M-$2.63B$1.91B$3.64B$1.71B-$956.0M$287.0M$267.0M$211.0M$279.0M
Income tax $66.0M$810.0M$279.0M$880.0M$425.0M$272.0M$15.0M$102.0M$150.0M$116.0M
Net income -$889.0M-$1.82B$1.63B$2.76B$1.28B-$684.0M$302.0M$165.0M$361.0M$163.0M
EPS, basic -25.25-51.2342.5758.4119.79-9.714.012.084.321.78
EPS, diluted -25.25-51.2342.0857.1619.44-9.713.982.064.251.75
Shares, diluted (wtd. avg.) 35.2M35.5M38.8M48.4M66.1M70.5M75.7M80.1M84.8M93.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $519.0M$534.0M$644.0M$642.0M$626.0M$765.0M$900.0M$735.0M$901.0M$720.0M
Receivables $878.0M$838.0M$900.0M$810.0M$775.0M$647.0M$911.0M$955.0M$922.0M$808.0M
Total current assets $2.09B$2.03B$2.14B$1.89B$1.85B$1.79B$2.15B$2.17B$2.07B$1.82B
Property, plant and equipment $748.0M$697.0M$719.0M$594.0M$537.0M$657.0M$792.0M$736.0M$704.0M$685.0M
Goodwill $1.13B$1.07B$1.10B$1.07B$1.11B$1.14B$1.10B$1.09B$1.07B$1.01B
Other intangibles $589.0M$601.0M$670.0M$666.0M$724.0M$774.0M$798.0M$825.0M$850.0M$870.0M
Total assets $31.26B$29.04B$32.57B$25.93B$22.60B$17.54B$23.13B$19.15B$17.70B$17.64B
Accounts payable $453.0M$450.0M$487.0M$466.0M$407.0M$394.0M$378.0M$371.0M$359.0M$343.0M
Short-term debt $24.0M$20.0M$32.0M$27.0M$19.0M$19.0M$19.0M$23.0M$26.0M$279.0M
Total current liabilities $2.89B$2.72B$2.66B$2.57B$2.41B$2.05B$2.23B$1.72B$1.65B$1.77B
Long-term debt $6.05B$5.37B$4.79B$4.64B$3.99B$4.19B$3.42B$3.53B$3.57B$3.24B
Retained earnings $1.14B$2.03B$3.85B$2.58B-$185.0M-$1.47B-$785.0M-$1.09B-$1.22B-$1.64B
Total equity -$3.13B-$2.33B-$343.0M-$700.0M-$209.0M-$155.0M$656.0M$414.0M$573.0M$221.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.30B$3.52B$3.83B$4.71B$3.49B$691.0M$2.59B$2.61B$2.65B$2.64B
Stock-based compensation $19.0M$19.0M$30.0M$25.0M$30.0M$9.0M$22.0M$24.0M$13.0M$27.0M
Investing cash flow -$5.16B-$2.75B-$7.35B-$4.30B-$6.31B$3.18B-$2.75B-$3.43B-$2.20B-$2.18B
Financing cash flow $1.86B-$781.0M$3.51B-$360.0M$2.69B-$4.04B$318.0M$667.0M-$308.0M-$449.0M
Dividends paid $0$0$355.0M$0$0—————
Buybacks $7.0M$70.0M$951.0M$3.33B$1.46B$119.0M$67.0M$216.0M$210.0M$398.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000723612-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 8.7B Net income, FY2016: 163M Revenue, FY2017: 8.8B Net income, FY2017: 361M Revenue, FY2018: 9.1B Net income, FY2018: 165M Revenue, FY2019: 9.2B Net income, FY2019: 302M Revenue, FY2020: 5.4B Net income, FY2020: -684M Revenue, FY2021: 9.3B Net income, FY2021: 1.3B Revenue, FY2022: 12B Net income, FY2022: 2.8B Revenue, FY2023: 12B Net income, FY2023: 1.6B Revenue, FY2024: 11.8B Net income, FY2024: -1.8B Revenue, FY2025: 11.7B Net income, FY2025: -889M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $8.66B $8.85B $9.12B $9.17B $5.40B $9.31B $11.99B $12.01B $11.79B $11.65B
Gross profit — — — — — — — — — —
Net income $163.0M $361.0M $165.0M $302.0M -$684.0M $1.28B $2.76B $1.63B -$1.82B -$889.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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