Avis Budget Group Reports First Quarter 2026 Results
Avis Budget Group reported $2.5 billion in revenue for Q1 2026, with a net loss of $234 million and an Adjusted EBITDA loss of $113 million. The company saw a 3% increase in revenue per day in both Americas and International compared to Q1 2025.
Avis Budget Group, Inc. announced its financial results for Q1 2026, ending March 31, 2026. Revenue was $2.5 billion, with a net loss of $234 million and an Adjusted EBITDA loss of $113 million. Revenue per day increased 3% in both Americas and International compared to Q1 2025. Vehicle Utilization reached 70% for both segments, a first quarter record in over 15 years. Adjusted free cash flow improved by $570 million to $80 million. The company's liquidity position was $915 million, with $2.9 billion of fleet funding capacity.
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