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


		Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Net income (loss) attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	4	$	14	$	(501)	$	(100)

Basic weighted average shares outstanding		35.2		35.6		35.2		35.6
Non-vested stock (a)		0.2		0.1		—		—
Diluted weighted average shares outstanding (b)		35.4		35.7		35.2		35.6

Earnings (loss) per share
	Basic	$	0.10	$	0.41	$	(14.24)	$	(2.80)
	Diluted (c)	$	0.10	$	0.41	$	(14.24)	$	(2.80)

(a)For the three months ended June 30, 2025 and 2024, 0.1 million and 0.2 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.

(b)For the six months ended June 30, 2025 and 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. For the six months ended June 30, 2025 and 2024, 0.4 million non-vested stock awards, in each period, have an anti-dilutive effect and therefore have been excluded from the computation of diluted weighted average shares outstanding.