Avis Budget Group (CAR) Q3 FY2026 earnings: revenue $3.4 billion, down 2.4% on the year
Avis Budget Group, Inc. (CAR) reported revenue of $3.4 billion for Q3 FY2026, the quarter ended 30 September 2026, down 2.4% on the same quarter a year earlier. Net income was $183 million, down 49.0% on the year, and diluted earnings per share $5.15. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.
Revenue
$3.4 billion
-2.4% on the year · +14.6% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
9.0%
13.4% a year earlier
Q4 FY2024Q3 FY2026
Net income
$183 million
-49.0% on the year · +422.9% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$5.15
-49.1% on the year · +425.5% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Revenue and net income declined: Revenues were $3,436 million, down 2% from $3,519 million. Net income was $199 million against $360 million, and net income attributable to Avis Budget Group was $183 million against $359 million.
Adjusted EBITDA fell 8%: Adjusted EBITDA was $513 million against $559 million, down 8%. Nine-month Adjusted EBITDA was $686 million against $743 million, also down 8%.
Americas Adjusted EBITDA fell 8%: Americas revenue was $2,552 million, down 3%. Americas Adjusted EBITDA was $365 million against $398 million, down 8%.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,193
632
1,403
+88.8%
-15.0%
Cash from investing
-268
-2,039
-698
Cash from financing
-960
1,445
-664
Share-based compensation
4.0
6.0
4.0
-33.3%
0.0%
Buybacks
2.0
0.0
1.0
+100.0%
Dividends paid
n/a
n/a
0.0
Diluted shares, weighted
36m
36m
36m
-0.3%
+0.3%
Shares outstanding at period end
35m
35m
35m
+0.0%
+0.4%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-3,210
-3,388
-2,399
Non-controlling interest
15.0
14.0
25.0
+7.1%
-40.0%
Redeemable equity
162
147
n/a
+10.2%
Debt
24,931
25,872
25,320
-3.6%
-1.5%
Operating lease liabilities
2,677
2,632
2,619
+1.7%
+2.2%
Other liabilities
6,937
7,051
6,953
-1.6%
-0.2%
Total liabilities and equity
31,512
32,328
32,518
-2.5%
-3.1%
Fixed assets
763
756
710
+0.9%
+7.5%
Goodwill
1,111
1,115
1,127
-0.4%
-1.4%
Intangible assets
605
614
594
-1.5%
+1.9%
Cash and equivalents
561
558
564
+0.5%
-0.5%
Receivables
908
936
859
-3.0%
+5.7%
Other assets
27,564
28,349
28,664
-2.8%
-3.8%
Total assets
31,512
32,328
32,518
-2.5%
-3.1%
Questions
What was Avis Budget Group's revenue in Q3 FY2026?
Avis Budget Group (CAR) reported revenue of $3.4 billion for Q3 FY2026, the quarter ended 30 September 2026, down 2.4% on the same quarter a year earlier.
How much did Avis Budget Group earn in Q3 FY2026?
Net income for Q3 FY2026 was $183 million, down 49.0% on the year, and diluted earnings per share $5.15.
When did Avis Budget Group report Q3 FY2026 results?
Avis Budget Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.