Quarterly ResultAug 6, 2026, 08:08 AM
Hertz Q2 Revenue Up 10% to $2.4B; Adjusted EBITDA $81M
AI Summary
Hertz Global Holdings reported strong Q2 2026 financial results, with revenue increasing 10% year-over-year to $2.4 billion, driven by record Revenue per Day (RPD) excluding 2022. The company achieved an Adjusted Corporate EBITDA of $81 million, a $63 million improvement year-over-year, despite higher recall activity. Hertz also highlighted progress in its transformation strategy, including the momentum of its Oro Mobility affiliate and a younger U.S. core fleet. The company maintained strong liquidity and issued $350 million in Exchangeable First Lien Notes.
Key Highlights
- Revenue totaled $2.4 billion, up 10% year-over-year.
- Adjusted Corporate EBITDA was $81 million, a $63 million year-over-year improvement.
- GAAP net income for the quarter was $64 million, with Diluted GAAP EPS of $0.05.
- Adjusted net loss was $(47) million, and Adjusted Diluted EPS was $(0.11).
- Total Utilization increased 80 basis points year-over-year to 79%.
- Net Depreciation per Unit per Month (Net DPU) was $302.
- Liquidity stood at $984 million at quarter-end.
- Issued $350 million in Exchangeable First Lien Notes Due 2030.
Price Impact
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