Income Tax (Provision) Benefit |
9 Months Ended |
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Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax (Provision) Benefit | Income Tax (Provision) Benefit Hertz Global For the three months ended September 30, 2026, Hertz Global recorded a tax benefit of $29 million, which resulted in an effective tax rate of (33)%. For the three months ended September 30, 2025, Hertz Global recorded a tax provision of $50 million, which resulted in an effective tax rate of 21%. The change in taxes for the three months ended September 30, 2026 compared to the same period in 2025 was driven primarily by decreases in valuation allowances on deferred tax assets and lower pretax results. For the nine months ended September 30, 2026, Hertz Global recorded a tax provision of $7 million, which resulted in an effective tax rate of (5)%. For the nine months ended September 30, 2025, Hertz Global recorded a tax benefit of $54 million, which resulted in an effective tax rate of 9%. The change in taxes in the nine months ended September 30, 2026 compared to the same period in 2025 was driven primarily by lower pretax losses and increases in valuation allowances on deferred tax assets, partially offset by the nontaxable year-over-year fluctuations in the fair value adjustments of Public Warrants. Hertz For the three months ended September 30, 2026, Hertz recorded a tax benefit of $30 million, which resulted in an effective tax rate of (44)%. For the three months ended September 30, 2025, Hertz recorded a tax provision of $50 million, which resulted in an effective tax rate of 21%. The change in taxes for the three months ended September 30, 2026 compared to the same period in 2025 was driven primarily by lower pretax income and decreases in valuation allowances on deferred tax assets. For the nine months ended September 30, 2026, Hertz recorded a tax provision of $7 million, which resulted in an effective tax rate of (3)%. For the nine months ended September 30, 2025, Hertz recorded a tax benefit of $54 million, which resulted in an effective tax rate of 11%. The change in taxes in the nine months ended September 30, 2026 compared to the same period in 2025 was driven primarily by lower pretax losses and increases in valuation allowances on deferred tax assets.
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