Avis Budget Group, Inc. reported a total revenue of approximately $11.7 billion for the fiscal year ending December 31, 2025, reflecting a slight decrease of 1% compared to the previous year. The company experienced a net loss of $995 million, which is a significant improvement from the net loss of $1.8 billion reported in 2024. This improvement was largely attributed to a reduction in long-lived asset impairment charges, which totaled $518 million in 2025 compared to $2.5 billion in 2024. Adjusted EBITDA for the year was approximately $748 million, up from $628 million in the prior year, indicating a positive trend in operational performance despite the overall net loss.
The company’s operational metrics showed a sustained volume of rental transactions, with approximately 38 million vehicle rentals completed globally. However, revenue per day decreased by 1%, which impacted overall revenue figures. Avis Budget's average rental fleet consisted of about 684,000 vehicles, and the company maintained a leading share of airport car rental revenues in North America, Europe, and Australasia. The Americas segment generated revenues of $8.9 billion, while the International segment contributed $2.8 billion, marking a 3% increase in the latter compared to 2024.
Strategically, Avis Budget Group has focused on enhancing its operational efficiency and customer experience. In 2025, the company launched Avis First, a premium service aimed at improving customer satisfaction. Additionally, Avis Budget entered a multi-year partnership with Waymo to support autonomous ride-hailing operations in Dallas, which is expected to bolster its innovation efforts. The company also continues to optimize its fleet strategy, particularly regarding electric vehicles, as evidenced by the impairment charges related to the acceleration of fleet rotations.
As of December 31, 2025, Avis Budget Group employed approximately 25,000 individuals globally, with a significant portion of its workforce engaged in the Americas segment. The company reported total assets of $10.3 billion, with total liabilities amounting to $12.0 billion, reflecting an increase in corporate indebtedness. The company’s liquidity position remains stable, with $519 million in cash and cash equivalents and access to $299 million under its revolving credit facility. Looking ahead, Avis Budget Group aims to continue its focus on sustainable growth, operational efficiency, and innovation, while navigating the challenges posed by market conditions and competition in the mobility industry.
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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