Filing Flows › Hertz Global Holdings (HTZ) › Q4 2025
Hertz Global Holdings (HTZ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Hertz Global Holdings (HTZ) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), -0.6% from a year earlier and -18% from the quarter before. Operating margin was -11.0%, net loss $194M (9.6% of revenue).
Hertz Global Holdings, Q4 2025: revenue $2.0B (-0.6% year over year), operating margin -11.0%, net loss $194M, operating cash flow $193M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -18% | -0.6% |
| Operating profit | −$223M | -195% | — |
| Net earnings | −$194M | -205% | — |
| Operating cash flow | $193M | -77% | -53% |
| Free cash flow | $166M | -79% | -57% |
What changed
Revenue was $2.0B in Q4 2025, down 1% year over year and down 18% from the previous quarter.
Operating costs exceeded revenue by $0.22B, an operating margin of -11.0%. Total costs fell 14% while revenue fell 1%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $0.19B, after a profit of $0.18B the previous quarter.
Operating cash flow was $0.19B (down 53% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.34B. Capital expenditures of $0.03B left free cash flow of $0.17B.
Questions
What was Hertz Global Holdings' revenue in the fourth quarter 2025?
Hertz Global Holdings (HTZ) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), -0.6% from a year earlier and -18% from the quarter before.
Was Hertz Global Holdings profitable in the fourth quarter 2025?
Operating loss was $223M (-11.0% of revenue) and net loss $194M.