Earnings Per Share

6 Months Ended

Jun. 30, 2024

The following table sets forth the computation of basic and diluted earnings (loss) per share (“EPS”) (shares in millions):


		Three Months Ended June 30,				Six Months Ended June 30,
		2024		2023		2024		2023
Net income (loss) attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	14	$	435	$	(100)	$	747

Basic weighted average shares outstanding		35.6		39.1		35.6		39.0
Non-vested stock (a)		0.1		0.4		—		0.5
Diluted weighted average shares outstanding		35.7		39.5		35.6		39.5

Earnings (loss) per share:
	Basic	$	0.41	$	11.13	$	(2.80)	$	19.16
	Diluted	$	0.41	$	11.01	$	(2.80)	$	18.93

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(a) For the three months ended June 30, 2024 and 2023, 0.2 million and 0.1 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding. For the six months ended June 30, 2024 and 2023, 0.4 million and 0.1 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.