Quarterly ResultAug 6, 2026, 08:09 AM
Hertz Global Swings to Q2 Profit of $64M; Revenues Up 9.7%
AI Summary
Hertz Global Holdings reported a significant turnaround in its second quarter 2026 financial performance, swinging to a net income of $64M compared to a substantial loss in the same period last year. Revenues for the quarter increased by 9.7% to $2.396B. For the first six months of 2026, the company reduced its net loss to $(269)M from $(737)M year-over-year, and also recognized a $64M pre-tax gain from sale-leaseback transactions.
Key Highlights
- Q2 2026 Net Income was $64M, a significant improvement from a $(294)M loss in Q2 2025.
- Q2 2026 Revenues reached $2.396B, up 9.7% from $2.185B in the prior year period.
- Six-month 2026 Net Loss improved to $(269)M from a $(737)M loss in H1 2025.
- Total Assets stood at $23.87B as of June 30, 2026, an increase from $22.31B at December 31, 2025.
- Total Liabilities were $24.50B as of June 30, 2026, up from $22.77B at December 31, 2025.
- Net cash provided by operating activities was $401M for the six months ended June 30, 2026.
- The company recognized a $64M pre-tax gain from sale-leasebacks of non-vehicle capital assets in Q2 2026.
- Hertz Global entered into a Share Lending Agreement in June 2026.
Price Impact
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