Avis Budget Group Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $3.436 billion, down 2% year-over-year
- ➤Q3 net income $199 million; attributable net income $183 million, down 49%
- ➤Q3 Adjusted EBITDA $513 million, down 8% year-over-year
- ➤Americas utilization 74.1%, up 2.8 points, a third-quarter record
- ➤Avis received $650 million from Pentwater settlement, recognized in Q4
Expert Statements
Brian Choi, CEO of Avis Budget Group
“The third quarter demonstrated continued progress in how we manage our fleet, with third-quarter Americas utilization being the best we have had in twenty years despite a softer travel demand environment.”
Brian Choi, CEO of Avis Budget Group
“We are building on the improvements we've made in fleet management and field operations with the objective of improving transaction economics, strengthening profitability, and delivering more consistent financial performance over time.”
PARSIPPANY, N.J., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for the third quarter ended September 30, 2026 today. We ended the quarter with revenues of $3.4 billion, net income of $199 million, and an Adjusted EBITDA(1 )of $513 million.
“The third quarter demonstrated continued progress in how we manage our fleet, with third-quarter Americas utilization being the best we have had in twenty years despite a softer travel demand environment,” said Brian Choi, Avis Budget Group CEO. “We are building on the improvements we've made in fleet management and field operations with the objective of improving transaction economics, strengthening profitability, and delivering more consistent financial performance over time.”
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