Avis Budget Group, Inc. reported its financial results for the third quarter of 2025, revealing a revenue increase of 1% to $3.519 billion compared to $3.480 billion in the same period last year. The company achieved a net income of $360 million, a significant rise from $238 million in the prior year, translating to earnings per share of $10.11, up from $6.65. The increase in revenue was attributed to a 1% rise in rental volume and favorable currency exchange impacts, although this was partially offset by a 1% decline in revenue per day.
In contrast, the nine-month period ending September 30, 2025, saw total revenues decrease by $91 million to $8.988 billion, primarily due to a decline in revenue per day. The company reported a net loss of $142 million for the nine months, a decrease of $279 million year-over-year, largely driven by other fleet charges related to the accelerated disposal of certain vehicles. Adjusted EBITDA for the nine-month period was $743 million, reflecting a modest increase of $14 million compared to the previous year.
Operationally, Avis Budget Group continues to focus on enhancing its fleet strategy and optimizing costs. The company reported a rental fleet of approximately 746,000 vehicles and operates in about 180 countries. The Americas segment generated $2.621 billion in revenue, while the International segment contributed $898 million. The Americas segment's revenue decreased slightly, while the International segment saw a 7% increase, driven by improved revenue per day and favorable currency movements.
The company also noted significant changes in its financial position, with total assets increasing to $32.518 billion as of September 30, 2025, up from $29.041 billion at the end of 2024. This increase was primarily due to higher vehicle costs and the remeasurement of deferred income taxes. Total liabilities rose to $34.892 billion, leading to a slight decline in stockholders' equity to $(2.374) billion. Avis Budget Group's liquidity position remains stable, with $564 million in cash and cash equivalents and access to $429 million under its revolving credit facility.
Looking ahead, Avis Budget Group anticipates continued challenges from macroeconomic factors, including inflation, interest rates, and travel demand fluctuations. The company is committed to monitoring these conditions closely and adapting its strategies to maintain profitability and enhance stakeholder value.
About AVIS BUDGET GROUP, INC.
Avis Budget Group, Inc. is a global provider of mobility solutions operating leading vehicle rental and car sharing brands including Avis, Budget, and Zipcar. It serves commercial and leisure customers through a network of company-operated and licensed locations in approximately 180 countries. The company offers diverse fleets, premium and value rental options, and ancillary services, leveraging technology and brand recognition to deliver flexible, customer-focused transportation solutions worldwide.
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