Avis Budget (CAR) financial statements
Avis Budget reported revenue of $11.7B in fiscal 2025, up 3.4% a year over 9 years.
Net income was -$889M and the operating margin -8.0%, against 3.2% in 2016.
The diluted share count fell 62% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Avis Budget's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.7B | $8.8B | $9.1B | $9.2B | $5.4B | $9.3B | $12.0B | $12.0B | $11.8B | $11.7B |
| Selling, general and admin | $1.1B | $1.1B | $1.2B | $1.2B | $703M | $1.1B | $1.3B | $1.4B | $1.4B | $1.4B |
| Operating income | $279M | $211M | $267M | $287M | -$956M | $1.7B | $3.6B | $1.9B | -$2.6B | -$929M |
| Interest expense | $203M | $188M | $188M | $178M | $231M | $218M | $250M | $296M | $358M | $422M |
| Pre-tax income | $279M | $211M | $267M | $287M | -$956M | $1.7B | $3.6B | $1.9B | -$2.6B | -$929M |
| Income tax | $116M | -$150M | $102M | -$15M | -$272M | $425M | $880M | $279M | -$810M | $66M |
| Net income | $163M | $361M | $165M | $302M | -$684M | $1.3B | $2.8B | $1.6B | -$1.8B | -$889M |
| Diluted shares | 93M | 85M | 80M | 76M | 70M | 66M | 48M | 39M | 36M | 35M |
| Operating margin | 3.2% | 2.4% | 2.9% | 3.1% | -17.7% | 18.3% | 30.3% | 15.9% | -22.3% | -8.0% |
| Net margin | 1.9% | 4.1% | 1.8% | 3.3% | -12.7% | 13.8% | 23.0% | 13.6% | -15.4% | -7.6% |
Balance sheet
Fiscal years, from Avis Budget's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $490M | $611M | $615M | $686M | $692M | $534M | $570M | $555M | $534M | $519M |
| Receivables | $808M | $922M | $955M | $911M | $647M | $775M | $810M | $900M | $838M | $878M |
| Total current assets | $1.8B | $2.1B | $2.2B | $2.1B | $1.8B | $1.8B | $1.9B | $2.1B | $2.0B | $2.1B |
| Property, plant and equipment | $685M | $704M | $736M | $792M | $657M | $537M | $594M | $719M | $697M | $748M |
| Goodwill | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B |
| Total assets | $17.6B | $17.7B | $19.1B | $23.1B | $17.5B | $22.6B | $25.9B | $32.6B | $29.0B | $31.3B |
| Total current liabilities | $1.8B | $1.6B | $1.7B | $2.2B | $2.1B | $2.4B | $2.6B | $2.7B | $2.7B | $2.9B |
| Long-term debt | $3.2B | $3.6B | $3.5B | $3.4B | $4.2B | $4.0B | $4.6B | $4.8B | $5.4B | $6.0B |
| Total liabilities | $17.4B | $17.1B | $18.7B | $22.5B | $17.7B | $22.8B | $26.6B | $32.9B | $31.4B | $34.4B |
| Shareholders' equity | $221M | $573M | $414M | $656M | -$155M | -$220M | -$703M | -$349M | -$2.3B | -$3.1B |
| Net debt | $3.0B | $3.0B | $2.9B | $2.7B | $3.5B | $3.5B | $4.1B | $4.3B | $4.9B | $5.6B |
Cash flow
Fiscal years, from Avis Budget's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.6B | $2.6B | $2.6B | $2.6B | $691M | $3.5B | $4.7B | $3.8B | $3.5B | $3.3B |
| Stock-based compensation | $27M | $13M | $24M | $22M | $9M | $30M | $25M | $30M | $19M | $19M |
| Dividends paid | — | — | — | — | — | $0 | $0 | $355M | $0 | $0 |
| Share buybacks (net) | -$398M | -$210M | -$216M | -$67M | -$119M | -$1.5B | -$3.3B | -$951M | -$70M | -$7M |
| Net borrowing | $4M | -$4M | -$4M | -$1M | $0 | $1M | -$1M | $118M | $630M | $469M |
| Dividends per share | — | — | — | — | — | — | — | $9.15 | — | — |
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What was Avis Budget's revenue in 2025?
$11.7B in fiscal 2025, from its 10-K filing.
From Avis Budget's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.