# Avis Budget Group, Inc.: overview

CAR · Nasdaq · CIK 723612 · [Other](/sectors/other.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/car.md) · [Financials](/companies/car/financials.md) · [Filings](/companies/car/filings.md) · [Insiders](/companies/car/insiders.md)

Latest reported revenue: [$2.53bn](/filings/0000723612-26-000028.md) for Q1 FY2026, three months to 2026-03-31, from the 10-Q filed Apr 29, 2026 (XBRL us-gaap:Revenues, accession 0000723612-26-000028).

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,048](/filings/0000723612-25-000067.md) | [3,480](/filings/0000723612-25-000078.md) | [2,710 d](/filings/0000723612-26-000012.md) | [2,430](/filings/0000723612-26-000028.md) | [3,039](/filings/0000723612-25-000067.md) | [3,519](/filings/0000723612-25-000078.md) | [2,664 d](/filings/0000723612-26-000012.md) | [2,530](/filings/0000723612-26-000028.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [0.5%](/filings/0000723612-25-000067.md) | [6.8%](/filings/0000723612-25-000078.md) | [(72.3%) d](/filings/0000723612-26-000012.md) | [(20.8%)](/filings/0000723612-26-000028.md) | [0.1%](/filings/0000723612-25-000067.md) | [10.2%](/filings/0000723612-25-000078.md) | [(28.0%) d](/filings/0000723612-26-000012.md) | [(11.2%)](/filings/0000723612-26-000028.md) |
| Diluted EPS | $ per share | [0.41](/filings/0000723612-25-000067.md) | [6.65](/filings/0000723612-25-000078.md) | not reported | [(14.35)](/filings/0000723612-26-000028.md) | [0.10](/filings/0000723612-25-000067.md) | [10.11](/filings/0000723612-25-000078.md) | not reported | [(8.01)](/filings/0000723612-26-000028.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [9.3](/filings/0000723612-24-000007.md) | [12.0](/filings/0000723612-25-000005.md) | [12.0](/filings/0000723612-26-000012.md) | [11.8](/filings/0000723612-26-000012.md) | [11.7](/filings/0000723612-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [13.8%](/filings/0000723612-24-000007.md) | [23.0%](/filings/0000723612-25-000005.md) | [13.6%](/filings/0000723612-26-000012.md) | [(15.4%)](/filings/0000723612-26-000012.md) | [(7.6%)](/filings/0000723612-26-000012.md) |
| Diluted EPS | $ per share | [19.44](/filings/0000723612-24-000007.md) | [57.16](/filings/0000723612-25-000005.md) | [42.08](/filings/0000723612-26-000012.md) | [(51.23)](/filings/0000723612-26-000012.md) | [(25.25)](/filings/0000723612-26-000012.md) |
| Free cash flow | $bn | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/car/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [SRS Investment Management, LLC](/funds/1503174.md) | 2026-06-30 | $2.58bn | 17,430,882 |  | Unchanged |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $375.0m | 2,536,964 |  | Reduced −1,831,279 |
| [Pentwater Capital Management LP](/funds/1425851.md) | 2026-06-30 | $371.5m | 2,513,300 |  | Reduced −4,535,000 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $300.1m | 2,029,978 |  | Reduced −87,757 |
| [HSBC HOLDINGS PLC](/funds/873630.md) | 2026-06-30 | $247.8m | 1,676,860 |  | Reduced −25,672 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $245.4m | 1,660,106 |  | Added +1,111 |
| [NOMURA HOLDINGS INC](/funds/1163653.md) | 2026-06-30 | $237.2m | 1,604,881 |  | Added +1,059,208 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $230.5m | 1,558,900 | Put | Added +637,500 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $217.9m | 1,474,000 | Call | Added +1,043,500 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $210.5m | 1,424,100 | Put | Added +1,027,600 |

## Recent filings

[All 1,933 filings](/companies/car/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-06 | 20:18 ET | [8-K](/filings/0000950142-26-002687.md) | 8.01 Other events | 0000950142-26-002687 |
| 2026-09-24 | 20:16 ET | [8-K](/filings/0000950142-26-002582.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0000950142-26-002582 |
| 2026-09-01 | 20:17 ET | [8-K](/filings/0000950142-26-002479.md) | 5.02 Departure or appointment of officers or directors | 0000950142-26-002479 |
| 2026-07-29 | 13:39 ET | [10-Q](/filings/0000723612-26-000039.md) | Quarterly report, period 2026-06-30 | 0000723612-26-000039 |
| 2026-07-28 | 20:10 ET | [8-K](/filings/0000723612-26-000037.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000723612-26-000037 |
| 2026-07-01 | 20:30 ET | [8-K](/filings/0000950142-26-001951.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0000950142-26-001951 |
| 2026-06-22 | 20:30 ET | [8-K](/filings/0000723612-26-000032.md) | 8.01 Other events | 0000723612-26-000032 |
| 2026-06-12 | 20:05 ET | [8-K](/filings/0000950142-26-001753.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0000950142-26-001753 |
| 2026-06-01 | 20:30 ET | [8-K](/filings/0001193125-26-251545.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-251545 |
| 2026-05-29 | 20:15 ET | [8-K](/filings/0000950142-26-001547.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000950142-26-001547 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000723612-26-000012.md), filed Feb 19, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 723612
- Tickers: CAR
- Exchange: Nasdaq
- SIC code: 7510 Services-Auto Rental & Leasing (No Drivers)
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:23 ET. No prices; not investment advice.