v3.26.3
THC - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Revenues $ 2,617 $ 2,478 $ 7,017 $ 6,476
Expenses:        
Direct vehicle and operating 1,547 1,454 4,345 4,122
Depreciation of revenue earning vehicles and lease charges, net 468 457 1,436 1,407
Non-vehicle depreciation and amortization 28 29 80 88
Selling, general and administrative 256 241 750 706
Interest expense, net 251 247 766 898
Other (income) expense, net 5 3 6 14
(Gain) on sale of non-vehicle capital assets 0 (39) (64) (128)
Legal settlement (6) (154) (6) (154)
Total expenses 2,530 2,244 7,163 7,083
Income (loss) before income taxes 87 234 (146) (607)
Income tax (provision) benefit 29 (50) (7) 54
Net income (loss)     (153) (553)
Vehicle        
Expenses:        
Interest expense, net 163 161 474 453
Non-vehicle        
Expenses:        
Interest expense, net 88 86 292 445
The Hertz Corporation        
Revenues:        
Revenues 2,617 2,478 7,017 6,476
Expenses:        
Direct vehicle and operating 1,547 1,454 4,345 4,122
Depreciation of revenue earning vehicles and lease charges, net 468 457 1,436 1,407
Non-vehicle depreciation and amortization 28 29 80 88
Selling, general and administrative 256 241 748 706
Interest expense, net 251 247 766 898
Other (income) expense, net 5 3 6 14
(Gain) on sale of non-vehicle capital assets 0 (39) (64) (128)
Total expenses 2,549 2,238 7,311 6,953
Income (loss) before income taxes 68 240 (294) (477)
Income tax (provision) benefit 30 (50) (7) 54
Net income (loss) 98 190 (301) (423)
The Hertz Corporation | Vehicle        
Expenses:        
Interest expense, net 163 161 474 453
The Hertz Corporation | Non-vehicle        
Expenses:        
Interest expense, net $ 88 $ 86 $ 292 $ 445