AVIS BUDGET GROUP, INC.

For the period ended Sep 30, 2025. Filed Oct 28, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 28, 2025

CAR$118.83-1.3%Stored close · as of Nov 6, 2026

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Contents

Financial Statement

Item 1. Financial Statements

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In millions, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Revenues	$3,519	$3,480	$8,988	$9,079
Expenses
Operating	1,513	1,575	4,392	4,451
Vehicle depreciation and lease charges, net	678	806	2,369	2,175
Selling, general and administrative	422	367	1,126	1,040
Vehicle interest, net	248	241	687	724
Non-vehicle related depreciation and amortization	58	58	174	177
Interest expense related to corporate debt, net:
Interest expense	109	95	316	266
Early extinguishment of debt	3	—	6	1
Restructuring and other related charges	13	6	94	23
Transaction-related costs, net	—	—	—	2
Other (income) expense, net	2	3	13	6
Total expenses	3,046	3,151	9,177	8,865
Income (loss) before income taxes	473	329	(189)	214
Provision for (benefit from) income taxes	113	91	(50)	74
Net income (loss)	360	238	(139)	140
Less: Net income attributable to non-controlling interests	1	1	3	3
Net income (loss) attributable to Avis Budget Group, Inc.	$359	$237	$(142)	$137
Comprehensive income (loss) attributable to Avis Budget Group, Inc.	$341	$260	$(85)	$121
Earnings (loss) per share
Basic	$10.22	$6.67	$(4.02)	$3.86
Diluted	$10.11	$6.65	$(4.02)	$3.84

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