Avis Budget Reports Q4 Loss of $747 Million

Car rental company's results fall short of Wall Street expectations

Published on Feb. 23, 2026

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Avis Budget Group Inc. reported a loss of $747 million in its fourth quarter, with losses of $6.53 per share after adjusting for asset impairment costs. The company's revenue of $2.66 billion also missed analyst forecasts. For the full year, Avis Budget reported a loss of $889 million, or $25.25 per share, on revenue of $11.65 billion.

Why it matters

Avis Budget's poor financial performance in Q4 and for the full year 2026 reflects the continued challenges facing the car rental industry, which has been impacted by the pandemic's effects on travel and commuting. The company's results fell well short of Wall Street expectations, signaling ongoing operational and financial difficulties.

The details

Avis Budget reported a loss of $747 million in Q4, or $21.25 per share. Adjusted for asset impairment costs, the loss was $6.53 per share, missing analyst estimates of a 29-cent per share loss. The company's revenue of $2.66 billion also fell short of the $2.75 billion expected by analysts. For the full year, Avis Budget reported a loss of $889 million, or $25.25 per share, on revenue of $11.65 billion.

  • Avis Budget reported its Q4 2026 results on February 19, 2026.
  • The company's full-year 2026 results were also reported on February 19, 2026.

The players

Avis Budget Group Inc.

A major car rental company based in Parsippany, New Jersey.

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The takeaway

Avis Budget's poor financial performance in Q4 and for the full year 2026 highlights the ongoing challenges facing the car rental industry, which has been significantly impacted by the pandemic's effects on travel and commuting. The company's results fell well short of Wall Street expectations, signaling the need for Avis Budget to reevaluate its business strategy and operations to return to profitability.