Income Tax (Provision) Benefit |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax (Provision) Benefit | Income Tax (Provision) Benefit Hertz Global For the three months ended June 30, 2026, Hertz Global recorded a tax provision of $7 million, which resulted in an effective tax rate of 9%. For the three months ended June 30, 2025, Hertz Global recorded a tax benefit of $22 million, which resulted in an effective tax rate of 7%. The change in taxes for the three months ended June 30, 2026 compared to the same period in 2025 was driven primarily by improved pretax results and decreases of the nontaxable year-over-year fluctuations in the fair value adjustments of Public Warrants and in valuation allowances on deferred tax assets. For the first half of 2026, Hertz Global recorded a tax provision of $36 million, which resulted in an effective tax rate of (16)%. For the first half of 2025, Hertz Global recorded a tax benefit of $104 million, which resulted in an effective tax rate of 12%. The change in taxes in the first half of 2026 compared to the same period in 2025 was driven primarily by lower pretax losses, increases in valuation allowances on deferred tax assets and offset by the nontaxable year-over-year fluctuations in the fair value adjustments of Public Warrants. Hertz For the three months ended June 30, 2026, Hertz recorded a tax provision of $7 million, which resulted in an effective tax rate of (24)%. For the three months ended June 30, 2025, Hertz recorded a tax benefit of $22 million, which resulted in an effective tax rate of 11%. The change in taxes for the three months ended June 30, 2026 compared to the same period in 2025 was driven primarily by lower pretax losses and decreases in valuation allowances on deferred tax assets. For the first half of 2026, Hertz recorded a tax provision of $37 million, which resulted in an effective tax rate of (10)%. For the first half of 2025, the Hertz recorded a tax benefit of $104 million, which resulted in an effective tax rate of 15%. The change in taxes in the first half of 2026 compared to the same period in 2025 was driven primarily by lower pretax losses and increases in valuation allowances on deferred tax assets.
|