| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.0K | 10.5% |
| Total Income | 2.0K | 10.5% |
| Expenditure | 2.3K | 1.3% |
| PBT | -304.00 | 42.1% |
| Net Profit | -333.00 | 24.8% |
| OPM | — | |
| NPM | -16.62% | 7.82pp |
| EPS | -1.06 | 26.4% |
Hertz Reports Q1 2026 Revenue Growth of 11%, Strongest in Three Years
07 May 2026 · 7 May, 6:14 pm
Summary
Hertz Global Holdings reported its Q1 2026 results, highlighting the strongest year-over-year revenue growth in three years, with revenue totaling $2.0 billion, up 11%. The company's RPD improved by 5.5% year-over-year, the most significant improvement since 2022. While the GAAP net loss was $333 million, the adjusted net loss improved by $105 million year-over-year. Adjusted Corporate EBITDA also improved nearly 50% year-over-year, despite a $25 million impact from vehicle recalls.
Key Highlights
- 1
Hertz's revenue totaled $2.0 billion in the first quarter, representing an 11% year-over-year increase, which is the strongest revenue growth in three years.
- 2
Revenue Per Day (RPD) increased by 5.5% year-over-year, marking the most significant improvement since 2022.
- 3
GAAP net loss for the quarter totaled $333 million, with a Diluted GAAP EPS of $(1.06).
- 4
Adjusted net loss was $224 million, and Adjusted Diluted EPS was $(0.72), showing a year-over-year improvement of $105 million.
- 5
Adjusted Corporate EBITDA was $(161) million, reflecting an improvement of nearly 50% year-over-year, inclusive of a negative impact of over $25 million from vehicle recalls.
- 6
Net Depreciation per Unit per Month (Net DPU) was $312 in the first quarter, a year-over-year improvement of 13%.
Management Comments
Gil West
“The transformation of Hertz continues to build sustained momentum,” said Gil West, Chief Executive Officer of Hertz. “We set ambitious goals for the quarter and delivered meaningful progress across revenue, asset efficiency, and unit economics. We achieved our strongest year‑over‑year revenue growth in three years alongside profitability improvements, demonstrating that our strategy is translating into tangible results.” On the Company's recent news, West added: "The launch of Oro Mobility marks an important milestone in the expansion of the Hertz growth platform. As the mobility ecosystem evolves, there is a clear need for an operational layer that connects demand platforms with vehicles and autonomous technology at scale. Leveraging Hertz’s century of expertise in complex fleet operations, Oro is purpose‑built to address that gap by delivering flexible, integrated fleet solutions for both driver‑led and autonomous models, opening a new chapter for Hertz.”
Informational and educational content only. Not investment advice.