v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 3,039 $ 3,048 $ 5,469 $ 5,599
Expenses        
Operating 1,526 1,532 2,879 2,876
Vehicle depreciation and lease charges, net 636 733 1,691 1,369
Selling, general and administrative 396 348 704 673
Vehicle interest, net 229 244 439 483
Non-vehicle related depreciation and amortization 60 58 116 119
Interest expense related to corporate debt, net:        
Interest expense 110 88 207 171
Early extinguishment of debt 3 1 3 1
Restructuring and other related charges 59 14 81 17
Transaction-related costs, net 0 1 0 2
Other (income) expense, net 5 2 11 3
Total expenses 3,024 3,021 6,131 5,714
Income (loss) before income taxes 15 27 (662) (115)
Provision for (benefit from) income taxes 10 12 (163) (17)
Net income (loss) 5 15 (499) (98)
Less: Net income attributable to non-controlling interests 1 1 2 2
Net income (loss) attributable to Avis Budget Group, Inc. 4 14 (501) (100)
Comprehensive income (loss) attributable to Avis Budget Group, Inc. $ 71 $ 19 $ (426) $ (139)
Earnings (loss) per share        
Basic (in usd per share) $ 0.10 $ 0.41 $ (14.24) $ (2.80)
Diluted (in usd per share) $ 0.10 $ 0.41 $ (14.24) $ (2.80)