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Avis Budget Group (CAR) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 29, 2026

Avis Budget Group (CAR) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), -1% from a year earlier and +18% from the quarter before. Operating margin was 2.4%, net earnings $35.0M (1.2% of revenue).

Revenue$3.0B
Year over year-1%
Quarter over quarter+18%
Operating margin2.4%
Net earnings$35.0M

Avis Budget Group, Q2 2026: revenue $3.0B (-1% year over year), operating margin 2.4%, net earnings $35.0M, operating cash flow $632M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$3.0B+18%-1%
Operating profit$73.0M—+387%
Net earnings$35.0M—+775%
Operating cash flow$632M+46%-24%

What changed

Revenue was $3.0B in Q2 2026, down 1% year over year and up 18% from the previous quarter. Avis was the largest line at 57% of revenue. Other lost $0.04B year over year (down 22%), 100% of the total change.

Operating profit was $0.07B, a 2.4% margin (up 1.9 points year over year). Total costs fell 3% while revenue fell 1%. Net earnings were $0.04B, up 775% year over year. The effective tax rate was 13.7%.

Operating cash flow was $0.63B (down 24% year over year), 1003% of net income including minority interests. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.56B.

Questions

What was Avis Budget Group's revenue in the second quarter 2026?

Avis Budget Group (CAR) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), -1% from a year earlier and +18% from the quarter before.

Was Avis Budget Group profitable in the second quarter 2026?

Operating profit was $73.0M (2.4% of revenue) and net earnings $35.0M.

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Source: Avis Budget Group 10-Q on SEC EDGAR.