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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Revenues $ 2,530 $ 2,430
Expenses    
Operating 1,422 1,353
Vehicle depreciation and lease charges, net 664 1,055
Selling, general and administrative 341 308
Vehicle interest, net 229 210
Non-vehicle related depreciation and amortization 58 56
Interest expense related to corporate debt, net:    
Interest expense 109 97
Restructuring and other related charges 35 22
Transaction-related costs, net 6 0
Other (income) expense, net 6 6
Total expenses 2,870 3,107
Loss before income taxes (340) (677)
Benefit from income taxes (106) (173)
Net loss (234) (504)
Less: Net income attributable to non-controlling interests 49 1
Net loss attributable to Avis Budget Group, Inc. (283) (505)
Comprehensive loss attributable to Avis Budget Group, Inc. $ (281) $ (497)
Loss per share    
Basic (in usd per share) $ (8.01) $ (14.35)
Diluted (in usd per share) $ (8.01) $ (14.35)