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Avis Budget Group (CAR) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 4, 2026

Avis Budget Group (CAR) reported revenue of $3.4B for the third quarter 2026 (Q3 2026), -2% from a year earlier and +15% from the quarter before. Operating margin was 9.0%, net earnings $183M (5.3% of revenue).

Revenue$3.4B
Year over year-2%
Quarter over quarter+15%
Operating margin9.0%
Net earnings$183M

Avis Budget Group, Q3 2026: revenue $3.4B (-2% year over year), operating margin 9.0%, net earnings $183M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$3.4B+15%-2%
Operating profit$309M+323%-35%
Net earnings$183M+423%-49%
Operating cash flow$1.2B+89%-15%

What changed

Revenue was $3.4B in Q3 2026, down 2% year over year and up 15% from the previous quarter. Avis was the largest line at 57% of revenue. Avis lost $0.04B year over year (down 2%), 49% of the total change.

Operating profit was $0.31B, a 9.0% margin (down 4.4 points year over year). Total costs grew 3% against a revenue fall of 2%. Net earnings were $0.18B, down 49% year over year. The effective tax rate was 35.6%.

Operating cash flow was $1.2B (down 15% year over year), 599% of net income including minority interests. 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 2026?

Avis Budget Group (CAR) reported revenue of $3.4B for the third quarter 2026 (Q3 2026), -2% from a year earlier and +15% from the quarter before.

Was Avis Budget Group profitable in the third quarter 2026?

Operating profit was $309M (9.0% of revenue) and net earnings $183M.

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