Filing Flows › Avis Budget Group (CAR) › Q1 2026
Avis Budget Group (CAR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Avis Budget Group (CAR) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -5% from the quarter before. Operating margin was -13.4%, net loss $234M (9.2% of revenue).
Avis Budget Group, Q1 2026: revenue $2.5B (+4% year over year), operating margin -13.4%, net loss $234M, operating cash flow $434M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -5% | +4% |
| Operating profit | −$340M | — | — |
| Net earnings | −$234M | — | — |
| Operating cash flow | $434M | -0.7% | -30% |
What changed
Revenue was $2.5B in Q1 2026, up 4% year over year and down 5% from the previous quarter. Avis was the largest line at 56% of revenue. Budget added $0.07B year over year (up 8%), 67% of the total change. Other declined 13%.
Operating costs exceeded revenue by $0.34B, an operating margin of -13.4%. Total costs fell 8% while revenue rose 4%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $0.23B, narrower than the previous quarter's $0.86B loss.
Operating cash flow was $0.43B (down 30% year over year). Non-cash charges added back $1.0M of share-based compensation. Working capital and other items added $0.67B.
Questions
What was Avis Budget Group's revenue in the first quarter 2026?
Avis Budget Group (CAR) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -5% from the quarter before.
Was Avis Budget Group profitable in the first quarter 2026?
Operating loss was $340M (-13.4% of revenue) and net loss $234M.
Source: Avis Budget Group 10-Q on SEC EDGAR.