Filing Flows › Avis Budget Group (CAR) › Q4 2025
Avis Budget Group (CAR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Avis Budget Group (CAR) reported revenue of $2.7B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -24% from the quarter before. Operating margin was -27.8%, net loss $856M (32.1% of revenue).
Avis Budget Group, Q4 2025: revenue $2.7B (-2% year over year), operating margin -27.8%, net loss $856M, operating cash flow $437M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | -24% | -2% |
| Operating profit | −$740M | -256% | — |
| Net earnings | −$856M | -338% | — |
| Operating cash flow | $437M | -69% | -43% |
What changed
Revenue was $2.7B in Q4 2025, down 2% year over year and down 24% from the previous quarter.
Operating costs exceeded revenue by $0.74B, an operating margin of -27.8%. Total costs fell 39% while revenue fell 2%. The quarter ended with a net loss of $0.86B, after a profit of $0.36B the previous quarter. Minority interests bore $0.11B of it: to shareholders the quarter was a loss of $0.75B.
Operating cash flow was $0.44B (down 43% year over year). Non-cash charges added back $3.0M of share-based compensation. Working capital and other items added $1.3B.
Questions
What was Avis Budget Group's revenue in the fourth quarter 2025?
Avis Budget Group (CAR) reported revenue of $2.7B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -24% from the quarter before.
Was Avis Budget Group profitable in the fourth quarter 2025?
Operating loss was $740M (-27.8% of revenue) and net loss $856M.
Source: Avis Budget Group 10-K on SEC EDGAR.