| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.4K | 19.6% | 9.7% |
| Total Income | 2.4K | 19.6% | 9.7% |
| Expenditure | 2.3K | 0.7% | 7.0% |
| PBT | 71.00 | 123.4% | 122.5% |
| Net Profit | 64.00 | 119.2% | 121.8% |
| OPM | — | ||
| NPM | 2.67% | 19.29pp | 16.13pp |
| EPS | 0.20 | 118.9% | 121.0% |
Hertz Announces Q2 2026 Results, Highlights Strong Commercial Momentum
06 Aug 2026 · 6 Aug, 5:38 pm
Summary
Hertz announced its second quarter 2026 results, reporting a 10% year-over-year revenue increase to $2.4 billion, driven by record RPD and strong pricing performance. The company achieved GAAP net income of $64 million and Adjusted Corporate EBITDA of $81 million, significantly improving year-over-year. Management highlighted disciplined execution and progress in transforming the business, with a focus on strengthening the core rental business and building a diversified platform for growth across Rent-a-Car, Service, Fleet, and Mobility.
Key Highlights
- 1
Hertz reported second quarter revenue of $2.4 billion, an increase of 10% year over year, driven by record Revenue per Day (RPD).
- 2
Revenue per Unit (RPU) increased by 8% and RPD increased by 9% year over year due to strong pricing performance.
- 3
GAAP net income for the quarter was $64 million, with Diluted GAAP EPS of $0.05.
- 4
Adjusted Corporate EBITDA was $81 million, a $63 million year-over-year improvement and above the top end of guidance.
- 5
Total Utilization increased by 80 basis points year-over-year to 79%, and was 81% when excluding elevated recalls.
- 6
The spread between RPD and DOE per Day improved by 17% year-over-year, marking the third consecutive quarter of improvement.
- 7
Hertz's operating affiliate, Oro Mobility, has completed over six million miles and is progressing with its first AV partnership expected to begin operations later this year.
Management Comments
Gil West
This quarter’s results reflect the disciplined execution of our strategy and our consistent commercial strength. Our performance demonstrates the progress we're making in transforming the business and delivering tangible operational improvements across the company. Revenue increased 10% year over year despite operating with a 1% smaller fleet, driven by our strongest second quarter RPD on record, excluding the extraordinary market conditions in 2022. To unlock long-term opportunities, we’re strengthening our core business while building a platform for growth across four strategic areas: Rent-a-Car, Service, Fleet, and Mobility. We are applying our commercial, operational, and fleet management capabilities across these areas to drive greater efficiency, establish diverse engines of growth, and create long-term value.
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