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Jun 30
Avis Q2 2025 Earnings Report
Avis reported flat revenue in Q2 2025, with modest improvements in vehicle utilization and cost efficiencies, but lower net income year-over-year.
Key Takeaways
Avis Budget Group generated $3.039 billion in revenue in Q2 2025. Net income declined to $4 million, while operating performance showed improvement with higher vehicle utilization and lower fleet costs. The Americas and International segments both contributed positively to Adjusted EBITDA.
Revenue was stable at $3.039 billion compared to Q2 2024.
Net income fell to $4 million, down from $14 million a year earlier.
Vehicle utilization improved to 70.7% across the global fleet.
Fleet costs per unit declined significantly in both Americas and International segments.
Avis
Avis
Avis Revenue by Segment
Avis Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Avis expects stable rental demand but remains cautious due to macroeconomic uncertainty. Operational efficiency and cost control will be focal points.
Positive Outlook
- Vehicle utilization improved across all geographies.
- Fleet cost management drove lower per-unit costs.
- International segment delivered strong pricing gains.
- Successful launch of premium Avis First offering.
- Expanded autonomous fleet partnership with Waymo.
Challenges Ahead
- Revenue per day declined in the Americas.
- Net income decreased year-over-year.
- Rental volume in International declined.
- Adjusted Free Cash Flow was negative.
- Total revenue slightly declined versus prior year.