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How Avis Budget Group (CAR) makes money

Avis Budget Group (CAR) made $3.4B of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Avis brought in $2.0B (57%); Budget brought in $1.3B (38%); Other brought in $158M (5%). Of every dollar of revenue, 9¢ was left as operating profit, 5¢ was left as net earnings.

Drawing the Sankey…

Avis Budget Group revenue by segment, Q3 2026Avis Budget Group revenue by segment, Q3 2026Avis$2.0BBudget$1.3BOther$158M
Avis Budget Group: revenue by line, Q1 2025 to Q3 2026Avis Budget Group: revenue by line, Q1 2025 to Q3 2026AvisBudgetOtherAvis: $2.0B latest$2.0BBudget: $1.3B latest$1.3BOther: $158M latestQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Other went from 7% of revenue in Q1 2025 to 5% in Q3 2026, the largest shift in the mix.
Avis Budget Group revenue by quarterAvis Budget Group revenue by quarter$2.4BQ1 2025$3.0BQ2 2025$3.5BQ3 2025$2.7BQ4 2025$2.5BQ1 2026$3.0BQ2 2026$3.4BQ3 2026
Avis Budget Group: where each dollar of revenue goesAvis Budget Group: where each dollar of revenue goesOperating profit9¢Income tax3¢Net earnings5¢Operating cash flow35¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Avis$2.0B57.0%+14%-2%
Budget$1.3B38.4%+16%-0.6%
Other$158M4.6%+7%-18%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.4B100.0%
Operating profit$309M9.0%
Income tax$110M3.2%
Net earnings$183M5.3%
Operating cash flow$1.2B34.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.4B-2%
Q2 2026$3.0B-1%
Q1 2026$2.5B+4%
Q4 2025$2.7B-2%
Q3 2025$3.5B+1%
Q2 2025$3.0B-0.3%
Q1 2025$2.4B-5%

From Avis Budget Group's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Avis Budget Group make money?

Avis Budget Group (CAR) made $3.4B of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Avis brought in $2.0B (57%); Budget brought in $1.3B (38%); Other brought in $158M (5%). Of every dollar of revenue, 9¢ was left as operating profit, 5¢ was left as net earnings.

What is Avis Budget Group's biggest business?

Avis: $2.0B in the third quarter 2026, 57% of revenue, -2% from a year earlier.

What is Avis Budget Group's profit margin?

Net earnings were $183M, 5.3% of revenue, in the third quarter 2026; the operating margin was 9.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.