Earnings Per Share

12 Months Ended

Dec. 31, 2024

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


	Year Ended December 31,
	2024		2023		2022
Net income (loss) attributable to Avis Budget Group, Inc. for basic and diluted EPS	$	(1,821)	$	1,632	$	2,764

Basic weighted average shares outstanding	35.5		38.3		47.3
Non-vested stock	—		0.5		1.1
Diluted weighted average shares outstanding	35.5		38.8		48.4

Earnings (loss) per share
Basic	$	(51.23)	$	42.57	$	58.41
Diluted	$	(51.23)	$	42.08	$	57.16

Diluted EPS was computed using the treasury stock method for non-vested stock. In computing diluted loss per share for the year ended December 31, 2024, our number of diluted weighted average shares outstanding excludes the effect of non-vested stock as the effect would have been anti-dilutive. This occurs when a net loss is reported and the effect of using dilutive shares would be anti-dilutive.

The following table summarizes our outstanding common stock equivalents that were anti-dilutive and therefore excluded from the computation of diluted EPS (shares in millions):


	As of December 31,
	2024	2023	2022
Non-vested stock (a)	0.4	0.1	0.2

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(a)The weighted average grant date fair value for anti-dilutive non-vested stock for 2024, 2023 and 2022 was $134.69, $198.92 and $177.70, respectively.