Avis Budget Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	11,652	11,789	12,008	11,994	9,313
Revenue	11,652	11,789	12,008	11,994	9,313
Revenue Growth (YoY)	-1.16%	-1.82%	0.12%	28.79%	72.40%
Cost of Revenue	8,860	8,766	7,247	5,984	5,295
Gross Profit	2,792	3,023	4,761	6,010	4,018
Selling, General & Admin	1,564	1,499	1,575	1,486	1,301
Other Operating Expenses	-	-10	-	-	-
Operating Expenses	1,795	1,726	1,791	1,711	1,573
Operating Income	997	1,297	2,970	4,299	2,445
Interest Expense	-1,353	-1,311	-1,065	-652	-531
Interest & Investment Income	13	12	34	1	1
Earnings From Equity Investments	-7	-7	-25	-10	-
Other Non Operating Income (Expenses)	-11	-2	21	6	-1
EBT Excluding Unusual Items	-361	-11	1,935	3,644	1,914
Merger & Restructuring Charges	-131	-37	-11	-14	-50
Gain (Loss) on Sale of Assets	-	-	-	5	-14
Asset Writedown	-518	-2,480	-	-	-
Legal Settlements	99	-64	-	-	-3
Other Unusual Items	-18	-35	-10	1	-139
Pretax Income	-929	-2,627	1,914	3,636	1,708
Income Tax Expense	66	-810	279	880	425
Earnings From Continuing Operations	-995	-1,817	1,635	2,756	1,283
Minority Interest in Earnings	106	-4	-3	8	2
Net Income	-889	-1,821	1,632	2,764	1,285
Net Income to Common	-889	-1,821	1,632	2,764	1,285
Net Income Growth	-	-	-40.96%	115.10%	-
Shares Outstanding (Basic)	35	36	38	47	65
Shares Outstanding (Diluted)	35	36	39	48	66
Shares Change (YoY)	-0.84%	-8.51%	-19.84%	-26.78%	-6.24%
EPS (Basic)	-25.26	-51.30	42.61	58.44	19.80
EPS (Diluted)	-25.26	-51.30	42.08	57.16	19.44
EPS Growth	-	-	-26.38%	194.03%	-
Free Cash Flow	-1,572	850	-3,227	576	-2,594
Free Cash Flow Per Share	-44.66	23.94	-83.17	11.90	-39.24
Gross Margin	23.96%	25.64%	39.65%	50.11%	43.14%
Operating Margin	8.56%	11.00%	24.73%	35.84%	26.25%
Profit Margin	-7.63%	-15.45%	13.59%	23.04%	13.80%
Free Cash Flow Margin	-13.49%	7.21%	-26.87%	4.80%	-27.85%
EBITDA	1,136	1,432	3,085	4,409	2,612
EBITDA Margin	9.75%	12.15%	25.69%	36.76%	28.05%
D&A For EBITDA	139	135	115	110	167
EBIT	997	1,297	2,970	4,299	2,445
EBIT Margin	8.56%	11.00%	24.73%	35.84%	26.25%
Effective Tax Rate	-	-	14.58%	24.20%	24.88%
Advertising Expenses	94	77	86	64	81

Source: S&P Global Market Intelligence. Standard template. Financial Sources.