Filing Flows › Hertz Global Holdings (HTZ) › Q3 2025
Hertz Global Holdings (HTZ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Hertz Global Holdings (HTZ) reported revenue of $2.5B for the third quarter 2025 (Q3 2025), -4% from a year earlier and +13% from the quarter before. Operating margin was 9.4%, net earnings $184M (7.4% of revenue).
Hertz Global Holdings, Q3 2025: revenue $2.5B (-4% year over year), operating margin 9.4%, net earnings $184M, operating cash flow $835M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +13% | -4% |
| Operating profit | $234M | — | — |
| Net earnings | $184M | — | — |
| Operating cash flow | $835M | +141% | -7% |
| Free cash flow | $809M | +150% | -7% |
What changed
Revenue was $2.5B in Q3 2025, down 4% year over year and up 13% from the previous quarter.
Operating profit was $0.23B, a 9.4% margin (up 72.3 points year over year). Total costs fell 47% while revenue fell 4%. The fastest-growing cost line was SG&A (+28%). Net earnings were $0.18B. The effective tax rate was 21.4%.
Operating cash flow was $0.83B (down 7% year over year), 454% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.61B. Capital expenditures of $0.03B left free cash flow of $0.81B.
Questions
What was Hertz Global Holdings' revenue in the third quarter 2025?
Hertz Global Holdings (HTZ) reported revenue of $2.5B for the third quarter 2025 (Q3 2025), -4% from a year earlier and +13% from the quarter before.
Was Hertz Global Holdings profitable in the third quarter 2025?
Operating profit was $234M (9.4% of revenue) and net earnings $184M.