Avis Budget Group, Inc. (CAR)

Avis Budget Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	11,668	11,789	12,008	11,994	9,313	5,402
Revenue	11,668	11,789	12,008	11,994	9,313	5,402
Revenue Growth (YoY)	-2.78%	-1.82%	0.12%	28.79%	72.40%	-41.10%
Cost of Revenue	9,201	8,766	7,242	5,984	5,295	4,495
Gross Profit	2,467	3,023	4,766	6,010	4,018	907
Selling, General & Admin	1,474	1,499	1,575	1,486	1,301	898
Other Operating Expenses	-10	-10	-	-	-	-
Operating Expenses	1,696	1,726	1,791	1,711	1,573	1,184
Operating Income	771	1,297	2,975	4,299	2,445	-277
Interest Expense	-1,296	-1,311	-1,065	-652	-531	-561
Interest & Investment Income	12	12	34	1	1	12
Earnings From Equity Investments	-6	-7	-25	-10	-	-
Other Non Operating Income (Expenses)	-8	-2	21	6	-1	-
EBT Excluding Unusual Items	-527	-11	1,940	3,644	1,914	-826
Merger & Restructuring Charges	-59	-40	-16	-22	-55	-121
Gain (Loss) on Sale of Assets	-	-	-	5	-14	-
Asset Writedown	-2,480	-2,480	-	-	-	-
Legal Settlements	-65	-64	-5	-	-3	-
Other Unusual Items	-31	-32	-5	9	-134	-9
Pretax Income	-3,162	-2,627	1,914	3,636	1,708	-956
Income Tax Expense	-954	-810	279	880	425	-272
Earnings From Continuing Operations	-2,208	-1,817	1,635	2,756	1,283	-684
Minority Interest in Earnings	-4	-4	-3	8	2	-
Net Income	-2,212	-1,821	1,632	2,764	1,285	-684
Net Income to Common	-2,212	-1,821	1,632	2,764	1,285	-684
Net Income Growth	-	-	-40.96%	115.10%	-	-
Shares Outstanding (Basic)	35	36	38	47	65	71
Shares Outstanding (Diluted)	35	36	39	48	66	71
Shares Change (YoY)	-5.85%	-8.51%	-19.84%	-26.78%	-6.24%	-6.87%
EPS (Basic)	-62.49	-51.30	42.61	58.44	19.80	-9.70
EPS (Diluted)	-62.49	-51.30	42.08	57.16	19.44	-9.71
EPS Growth	-	-	-26.38%	194.03%	-	-
Free Cash Flow	1,675	850	-3,227	576	-2,594	3,949
Free Cash Flow Per Share	47.32	23.94	-83.17	11.90	-39.24	56.01
Gross Margin	21.14%	25.64%	39.69%	50.11%	43.14%	16.79%
Operating Margin	6.61%	11.00%	24.77%	35.84%	26.25%	-5.13%
Profit Margin	-18.96%	-15.45%	13.59%	23.04%	13.80%	-12.66%
Free Cash Flow Margin	14.36%	7.21%	-26.87%	4.80%	-27.85%	73.10%
EBITDA	901	1,432	3,090	4,409	2,612	-104
EBITDA Margin	7.72%	12.15%	25.73%	36.76%	28.05%	-1.93%
D&A For EBITDA	130	135	115	110	167	173
EBIT	771	1,297	2,975	4,299	2,445	-277
EBIT Margin	6.61%	11.00%	24.77%	35.84%	26.25%	-5.13%
Effective Tax Rate	-	-	14.58%	24.20%	24.88%	-
Advertising Expenses	-	77	86	64	81	54

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q