Avis Budget Q2 FY26 net income rises to $63 million; revenue slips 1% to $3 billion

Reuters2026/07/29 13:40

By:Reuters

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Avis Budget Group posted revenue of $3 billion for the quarter ended June 30, 2026, down 1% year over year.
Net income swung to $63 million, with net income attributable to shareholders at $35 million; diluted EPS was $0.98.
Adjusted EBITDA (non-GAAP) edged up to $286 million from $277 million.
Vehicle depreciation and lease charges fell 8% to $583 million, while total expenses dropped 3% to $2.93 billion.
Refinanced a $2 billion senior revolving credit facility to June 2031, added a $200 million revolver to June 2028, leaving $757 million for buybacks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000723612-26-000039), on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avis Budget Q2 FY26 net income rises to $63 million; revenue slips 1% to $3 billion

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