Filing Flows › Avis Budget Group (CAR) › Q3 2025
Avis Budget Group (CAR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Avis Budget Group (CAR) reported revenue of $3.5B for the third quarter 2025 (Q3 2025), +1% from a year earlier and +16% from the quarter before. Operating margin was 13.4%, net earnings $360M (10.2% of revenue).
Avis Budget Group, Q3 2025: revenue $3.5B (+1% year over year), operating margin 13.4%, net earnings $360M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +16% | +1% |
| Operating profit | $473M | 32× | +44% |
| Net earnings | $360M | 72× | +51% |
| Operating cash flow | $1.4B | +68% | +10% |
What changed
Revenue was $3.5B in Q3 2025, up 1% year over year and up 16% from the previous quarter. Avis was the largest line at 57% of revenue. Budget added $0.07B year over year (up 5%), 167% of the total change. Other declined 7%.
Operating profit was $0.47B, a 13.4% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 369% reached operating profit, above the 9% margin then. Total costs fell 3% while revenue rose 1%. The fastest-growing cost line was SG&A (+15%). Net earnings were $0.36B, up 51% year over year. The effective tax rate was 23.9%.
Operating cash flow was $1.4B (up 10% year over year), 390% of net earnings. Non-cash charges added back $4.0M of share-based compensation. Working capital and other items added $1.0B.
Questions
What was Avis Budget Group's revenue in the third quarter 2025?
Avis Budget Group (CAR) reported revenue of $3.5B for the third quarter 2025 (Q3 2025), +1% from a year earlier and +16% from the quarter before.
Was Avis Budget Group profitable in the third quarter 2025?
Operating profit was $473M (13.4% of revenue) and net earnings $360M.
Source: Avis Budget Group 10-Q on SEC EDGAR.