Earnings ·
Avis Budget Group, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
CARAvis Budget Group, Inc.
Avis Budget Group, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. The company generated revenues of $3.0 billion, net income of $63 million, and Adjusted EBITDA of $286 million. Total company vehicle utilization reached 72.6%, a record high for the quarter, while per-unit fleet costs decreased 4% year-over-year to $290 per month. During the quarter, the company issued $300 million in add-on unsecured Senior Notes due 2031 to repay a portion of notes due 2027, refinanced its $2 billion senior revolving credit facility with a maturity in June 2031, and established a new $200 million senior revolving credit facility maturing in June 2028. Liquidity stood at approximately $1.0 billion with $1.9 billion of additional fleet funding capacity. Avis Budget Group operates in the car rental and mobility solutions industry.