Earnings Per Share

3 Months Ended

Mar. 31, 2026

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


		Three Months Ended March 31,
			2026		2025
Net loss attributable to Avis Budget Group, Inc. for basic and diluted EPS			$	(283)	$	(505)

Basic weighted average shares outstanding			35.3		35.2

Diluted weighted average shares outstanding (a)			35.3		35.2

Loss per share
	Basic		$	(8.01)	$	(14.35)
	Diluted (b)		$	(8.01)	$	(14.35)

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(a)For the three months ended March 31, 2026 and 2025, 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. For the three months ended March 31, 2026 and 2025, 0.4 million and 0.5 million non-vested stock awards have an anti-dilutive effect and therefore have been excluded from the computation of diluted weighted average shares outstanding.

(b)Diluted loss per share was computed using the treasury stock method for non-vested stock.