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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Revenues $ 3,519 $ 3,480 $ 8,988 $ 9,079
Expenses        
Operating 1,513 1,575 4,392 4,451
Vehicle depreciation and lease charges, net 678 806 2,369 2,175
Selling, general and administrative 422 367 1,126 1,040
Vehicle interest, net 248 241 687 724
Non-vehicle related depreciation and amortization 58 58 174 177
Interest expense related to corporate debt, net:        
Interest expense 109 95 316 266
Early extinguishment of debt 3 0 6 1
Restructuring and other related charges 13 6 94 23
Transaction-related costs, net 0 0 0 2
Other (income) expense, net 2 3 13 6
Total expenses 3,046 3,151 9,177 8,865
Income (loss) before income taxes 473 329 (189) 214
Provision for (benefit from) income taxes 113 91 (50) 74
Net income (loss) 360 238 (139) 140
Less: Net income attributable to non-controlling interests 1 1 3 3
Net income (loss) attributable to Avis Budget Group, Inc. 359 237 (142) 137
Comprehensive income (loss) attributable to Avis Budget Group, Inc. $ 341 $ 260 $ (85) $ 121
Earnings (loss) per share        
Basic (in usd per share) $ 10.22 $ 6.67 $ (4.02) $ 3.86
Diluted (in usd per share) $ 10.11 $ 6.65 $ (4.02) $ 3.84