Avis Budget Group, Inc. (CAR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.53B | 2.66B | 3.52B | 3.04B | 2.43B | 2.71B | 3.48B | 3.05B | 2.55B | 2.76B | 3.56B | 3.12B | 2.56B | 2.77B | 3.55B | 3.24B | 2.43B | 2.57B | 3B | 2.37B |
| Revenue Growth % | 4.12% | -1.7% | 1.12% | -0.3% | -4.74% | -1.95% | -2.36% | -2.4% | -0.23% | -0.25% | 0.48% | -3.73% | 5.14% | 7.86% | 18.19% | 36.82% | 77.26% | 89.59% | 95.63% | 211.97% |
| Cost of Goods Sold | 2.12B | 2.15B | 2.25B | 2.23B | 2.09B | 2.26B | 2.36B | 2.23B | 1.97B | 1.99B | 2.21B | 2.07B | 1.84B | 1.86B | 1.97B | 1.8B | 1.59B | 1.67B | 1.69B | 1.43B |
| COGS % of Revenue | 83.72% | 80.74% | 63.82% | 73.38% | 86.01% | 83.36% | 67.7% | 73.26% | 77.3% | 71.96% | 62.07% | 66.19% | 71.96% | 67.12% | 55.65% | 55.43% | 65.42% | 65.08% | 56.15% | 60.27% |
| Gross Profit | 412M | 513M | 1.27B | 809M | 340M | 451M | 1.12B | 815M | 579M | 775M | 1.35B | 1.06B | 717M | 911M | 1.57B | 1.45B | 841M | 897M | 1.32B | 942M |
| Gross Margin % | 16.28% | 19.26% | 36.18% | 26.62% | 13.99% | 16.64% | 32.3% | 26.74% | 22.7% | 28.04% | 37.93% | 33.81% | 28.04% | 32.88% | 44.35% | 44.57% | 34.58% | 34.92% | 43.85% | 39.73% |
| Gross Profit Growth % | 21.18% | 13.75% | 13.26% | -0.74% | -41.28% | -41.81% | -16.86% | -22.82% | -19.25% | -14.93% | -14.05% | -26.97% | -14.74% | 1.56% | 19.53% | 53.5% | 267.25% | 283.33% | 300% | 601.06% |
| Operating Expenses | 364M | 345M | 565M | 417M | 335M | 348M | 408M | 387M | 360M | 350M | 445M | 418M | 362M | 357M | 422M | 391M | 316M | 335M | 404M | 334M |
| OpEx % of Revenue | 14.39% | 12.95% | 16.06% | 13.72% | 13.79% | 12.84% | 11.72% | 12.7% | 14.11% | 12.66% | 12.49% | 13.38% | 14.16% | 12.88% | 11.9% | 12.05% | 12.99% | 13.04% | 13.46% | 14.09% |
| Selling, General & Admin | 340M | 320M | 531M | 384M | 307M | 312M | 367M | 348M | 325M | 309M | 397M | 378M | 324M | 322M | 384M | 359M | 283M | 308M | 361M | 292M |
| SG&A % of Revenue | 13.44% | 12.01% | 15.09% | 12.64% | 12.63% | 11.51% | 10.55% | 11.42% | 12.74% | 11.18% | 11.14% | 12.1% | 12.67% | 11.62% | 10.83% | 11.07% | 11.64% | 11.99% | 12.03% | 12.32% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 48M | 168M | 708M | 392M | 5M | 103M | 716M | 428M | 219M | 425M | 907M | 638M | 355M | 554M | 1.15B | 1.05B | 525M | 562M | 912M | 608M |
| Operating Margin % | 1.9% | 6.31% | 20.12% | 12.9% | 0.21% | 3.8% | 20.57% | 14.04% | 8.58% | 15.38% | 25.45% | 20.43% | 13.88% | 19.99% | 32.45% | 32.52% | 21.59% | 21.88% | 30.39% | 25.64% |
| Operating Income Growth % | 860% | 63.11% | -1.12% | -8.41% | -97.72% | -75.76% | -21.06% | -32.92% | -38.31% | -23.29% | -21.2% | -39.53% | -32.38% | -1.42% | 26.21% | 73.52% | 13025% | 1418.92% | 693.04% | 267.96% |
| EBITDA | 1.06B | 1.13B | 1.72B | 1.38B | 1.02B | 1.16B | 1.79B | 1.37B | 1.14B | 1.26B | 1.9B | 1.48B | 1.14B | 1.33B | 1.89B | 1.72B | 1.16B | 1.3B | 1.44B | 1.26B |
| EBITDA Margin % | 42.09% | 42.34% | 48.82% | 45.41% | 41.81% | 42.95% | 51.58% | 45.01% | 44.85% | 45.48% | 53.23% | 47.45% | 44.54% | 47.92% | 53.23% | 53.08% | 47.62% | 50.6% | 47.88% | 53.23% |
| EBITDA Growth % | 4.82% | -3.09% | -4.29% | 0.58% | -11.19% | -7.4% | -5.38% | -7.42% | 0.44% | -5.35% | 0.48% | -13.94% | -1.64% | 2.15% | 31.38% | 36.45% | 104.23% | 112.77% | 81.9% | 434.75% |
| D&A (Non-Cash Add-back) | 1.02B | 960M | 1.01B | 988M | 1.01B | 1.06B | 1.08B | 944M | 925M | 832M | 990M | 844M | 784M | 774M | 737M | 667M | 633M | 738M | 525M | 654M |
| EBIT | 48M | 168M | 708M | 392M | 5M | -2.54B | 658M | 360M | 181M | 466M | 1.05B | 834M | 599M | 676M | 1.54B | 1.28B | 844M | 679M | 1.07B | 627M |
| Net Interest Income | -347M | -378M | -349M | -362M | -299M | -92M | -95M | -88M | -83M | -75M | -80M | -68M | -73M | -69M | -64M | -64M | -53M | -51M | -47M | -59M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 347M | 378M | 349M | 362M | 299M | 92M | 95M | 88M | 83M | 75M | 80M | 68M | 73M | 69M | 64M | 64M | 53M | 51M | 47M | 59M |
| Other Income/Expense | -388M | -908M | -235M | -377M | -682M | -2.94B | -387M | -401M | -361M | -263M | -150M | -40M | 42M | -38M | 191M | 28M | 170M | -19M | 17M | -122M |
| Pretax Income | -340M | -740M | 473M | 15M | -677M | -2.84B | 329M | 27M | -142M | 162M | 757M | 598M | 397M | 516M | 1.34B | 1.08B | 695M | 543M | 929M | 486M |
| Pretax Margin % | -13.44% | -27.78% | 13.44% | 0.49% | -27.86% | -104.83% | 9.45% | 0.89% | -5.57% | 5.86% | 21.24% | 19.15% | 15.53% | 18.62% | 37.83% | 33.38% | 28.58% | 21.14% | 30.96% | 20.5% |
| Income Tax | -106M | 116M | 113M | 10M | -173M | -884M | 91M | 12M | -29M | -98M | 130M | 162M | 85M | 92M | 311M | 309M | 168M | 162M | 255M | 88M |
| Effective Tax Rate % | 31.18% | -15.68% | 23.89% | 66.67% | 25.55% | 31.12% | 27.66% | 44.44% | 20.42% | -60.49% | 17.17% | 27.09% | 21.41% | 17.83% | 23.17% | 28.53% | 24.17% | 29.83% | 27.45% | 18.11% |
| Net Income | -283M | -747M | 359M | 4M | -505M | -1.96B | 237M | 14M | -114M | 259M | 626M | 435M | 312M | 423M | 1.03B | 778M | 529M | 382M | 675M | 398M |
| Net Margin % | -11.19% | -28.04% | 10.2% | 0.13% | -20.78% | -72.25% | 6.81% | 0.46% | -4.47% | 9.37% | 17.56% | 13.93% | 12.2% | 15.27% | 29.15% | 23.98% | 21.75% | 14.87% | 22.49% | 16.79% |
| Net Income Growth % | 43.96% | 61.85% | 51.48% | -71.43% | -342.98% | -855.98% | -62.14% | -96.78% | -136.54% | -38.77% | -39.46% | -44.09% | -41.02% | 10.73% | 53.19% | 95.48% | 411.18% | 524.44% | 1400% | 182.74% |
| Net Income (Continuing) | -234M | -856M | 360M | 5M | -504M | -1.96B | 238M | 15M | -113M | 260M | 627M | 436M | 312M | 424M | 1.03B | 774M | 527M | 381M | 674M | 398M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 133M | 87M | 25M | 12M | 11M | 10M | 9M | 8M | 7M | 6M | 5M | 4M | 3M | 3M | 2M | 5M | 9M | 11M | 0 | 0 |
| EPS (Diluted) | -8.02 | -21.22 | 10.11 | 0.11 | -14.35 | -55.66 | 6.64 | 0.39 | -3.20 | 7.12 | 16.78 | 11.01 | 7.72 | 10.10 | 21.68 | 15.72 | 9.71 | 6.63 | 10.45 | 5.63 |
| EPS Growth % | 44.11% | 61.88% | 52.26% | -71.79% | -348.44% | -881.74% | -60.43% | -96.46% | -141.45% | -29.5% | -22.6% | -29.96% | -20.49% | 52.34% | 107.46% | 179.22% | 499.59% | 613.95% | 1558.73% | 181.48% |
| EPS (Basic) | -8.02 | -21.22 | 10.20 | 0.11 | -14.35 | -55.66 | 6.68 | 0.39 | -3.20 | 7.19 | 16.96 | 11.13 | 7.88 | 10.32 | 22.09 | 16.04 | 9.96 | 6.78 | 10.58 | 5.69 |
| Diluted Shares Outstanding | 35.3M | 35.2M | 35.5M | 35.4M | 35.2M | 35.2M | 35.7M | 35.7M | 35.6M | 36.4M | 37.3M | 39.5M | 40.4M | 41.9M | 47.7M | 49.5M | 54.5M | 57.7M | 64.6M | 70.6M |
| Basic Shares Outstanding | 35.3M | 35.2M | 35.2M | 35.2M | 35.2M | 35.2M | 35.5M | 35.6M | 35.6M | 36M | 36.9M | 39.1M | 39.6M | 41M | 46.8M | 48.5M | 53.1M | 56.4M | 63.7M | 69.9M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |