Avis Budget Q2 FY26 net income rises to $63 million; revenue slips 1% to $3 billion
CAR•Quarterly results
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.
Costs and financing
Vehicle depreciation and lease charges fell 8% to $583 million, while total expenses dropped 3% to $2.93 billion.
The company refinanced a $2 billion senior revolving credit facility to June 2031 and added a $200 million revolver to June 2028, leaving $757 million for buybacks.
