Hertz Global Holdings, Inc. (HTZ) Income Statement
HTZ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHTZ revenue and net income
Where HTZ's revenue goes
2025Each bar shows an amount and its share of revenue. HTZ kept −8.8% of revenue as net income.
HTZ profit margins
HTZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.0% | −0.7% | +10.1% | −0.6% |
| Gross profit | +243.1% | −31.6% | — | −5.7% |
| Operating income | — | −81.1% | — | −33.3% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HTZ quarterly EPS vs estimates
Hertz Global beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.12).
HTZ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.50B | $9.05B | $9.37B | $8.69B | $7.34B | $5.26B | $9.78B | $9.50B | $8.80B | $8.80B |
| Cost of revenue | $7.53B | $8.77B | $7.64B | $5.65B | $4.60B | $5.63B | $8.05B | $7.78B | $7.41B | $7.20B |
| Gross profit | $971.0M | $283.0M | $1.73B | $3.03B | $2.74B | −$376.0M | $1.73B | $1.73B | $1.39B | $1.60B |
| Sales, general & admin | $957.0M | $803.0M | $716.0M | $724.0M | $493.0M | $664.0M | $969.0M | $1.02B | $880.0M | $899.0M |
| Total operating expenses | $957.0M | $845.0M | $954.0M | $959.0M | $672.0M | $516.0M | $969.0M | $1.14B | $982.0M | $989.0M |
| Operating income | $14.0M | −$562.0M | $774.0M | $2.08B | $2.07B | −$892.0M | $759.0M | $584.0M | $411.0M | $610.0M |
| Interest expense | $1.08B | $961.0M | $787.0M | $455.0M | $469.0M | $608.0M | $762.0M | $717.0M | $624.0M | $569.0M |
| Income before taxes | −$830.0M | −$3.24B | $286.0M | $2.45B | $683.0M | −$2.05B | $13.0M | −$257.0M | −$575.0M | −$470.0M |
| Income taxes | −$83.0M | −$375.0M | −$330.0M | $390.0M | $318.0M | −$329.0M | $63.0M | −$30.0M | −$902.0M | $4.0M |
| Net income | −$747.0M | −$2.86B | $616.0M | $2.06B | $366.0M | −$1.71B | −$58.0M | −$225.0M | $327.0M | −$491.0M |
| EBITDA | $2.51B | $1.85B | $3.64B | $3.85B | $1.95B | $1.04B | $3.77B | $3.22B | $2.77B | $2.72B |
| EPS (diluted) | −$1.97 | −$4.58 | $0.45 | $3.67 | $5.87 | −$6.93 | $1.11 | −$0.16 | −$1.39 | $1.01 |
| Gross margin | 11.4% | 3.1% | 18.4% | 34.9% | 37.3% | −7.2% | 17.7% | 18.2% | 15.8% | 18.2% |
| Operating margin | 0.2% | −6.2% | 8.3% | 23.9% | 28.2% | −17.0% | 7.8% | 6.1% | 4.7% | 6.9% |
| Net margin | −8.8% | −31.6% | 6.6% | 23.7% | 5.0% | −32.6% | −0.6% | −2.4% | 3.7% | −5.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.40B | $2.00B | $2.03B | $2.48B | $2.19B | $1.81B | $2.04B | $2.58B | $2.35B | $2.08B | $2.18B | $2.70B |
| Cost of revenue | $1.94B | $1.83B | $1.94B | $1.94B | $1.88B | $1.78B | $2.00B | $2.34B | $2.33B | $2.09B | $2.27B | $2.03B |
| Gross profit | $455.0M | $176.0M | $87.0M | $542.0M | $309.0M | $33.0M | $43.0M | $232.0M | $19.0M | −$11.0M | −$81.0M | $670.0M |
| Sales, general & admin | $258.0M | $236.0M | $251.0M | $241.0M | $246.0M | $219.0M | $86.0M | $189.0M | $243.0M | $162.0M | $38.0M | $209.0M |
| Total operating expenses | $284.0M | $235.0M | $251.0M | $241.0M | $246.0M | $219.0M | $246.0M | $185.0M | $240.0M | $173.0M | $241.0M | $217.0M |
| Operating income | $171.0M | −$59.0M | −$164.0M | $301.0M | $63.0M | −$186.0M | −$203.0M | $47.0M | −$221.0M | −$184.0M | −$322.0M | $453.0M |
| Interest expense | $259.0M | $277.0M | $179.0M | $247.0M | $384.0M | $267.0M | $267.0M | $243.0M | $234.0M | $216.0M | $208.0M | $218.0M |
| Income before taxes | $71.0M | −$304.0M | −$223.0M | $234.0M | −$316.0M | −$525.0M | −$563.0M | −$1.62B | −$473.0M | −$581.0M | −$493.0M | $559.0M |
| Income taxes | $7.0M | $29.0M | −$29.0M | $50.0M | −$22.0M | −$82.0M | −$84.0M | −$288.0M | $392.0M | −$395.0M | −$145.0M | −$70.0M |
| Net income | $64.0M | −$333.0M | −$194.0M | $184.0M | −$294.0M | −$443.0M | −$479.0M | −$1.33B | −$865.0M | −$186.0M | −$348.0M | $629.0M |
| EBITDA | $898.0M | $536.0M | $548.0M | $1.01B | $555.0M | $396.0M | $500.0M | −$318.0M | $926.0M | $737.0M | $696.0M | $1.42B |
| EPS (diluted) | −$0.15 | −$0.72 | −$0.63 | $0.12 | −$0.34 | −$1.12 | −$1.18 | −$0.68 | −$1.44 | −$1.28 | −$1.36 | $0.70 |
| Gross margin | 19.0% | 8.8% | 4.3% | 21.9% | 14.1% | 1.8% | 2.1% | 9.0% | 0.8% | −0.5% | −3.7% | 24.8% |
| Operating margin | 7.1% | −2.9% | −8.1% | 12.1% | 2.9% | −10.3% | −10.0% | 1.8% | −9.4% | −8.8% | −14.7% | 16.8% |
| Net margin | 2.7% | −16.6% | −9.6% | 7.4% | −13.5% | −24.4% | −23.5% | −51.7% | −36.8% | −8.9% | −15.9% | 23.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HTZ's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HTZ financial results
In fiscal year 2025 (ended December 31, 2025), Hertz Global reported revenue of $8.5 billion, down 6.0% from the year before. It had a net loss of $747.0 million, a net profit margin of −8.8%. Diluted earnings per share came to −$1.97. Over five years revenue grew at an average rate of 10.1% a year.
See the HTZ stock overview for the latest quote and news, or the HTZ chart for price history and technical indicators.
HTZ income statement FAQ
What is Hertz Global's annual revenue?
Hertz Global reported total revenue of $8.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.0% from $9.0 billion the previous year.
Is Hertz Global profitable?
No. Hertz Global reported a net loss of $747.0 million in fiscal 2025, a net profit margin of −8.8%; its operating margin was 0.2%.
What is Hertz Global's gross margin?
Hertz Global's gross margin was 11.4% in fiscal 2025: for every $100 of revenue, Hertz Global kept $11 after the direct cost of its products and services.
How fast is Hertz Global growing?
Revenue grew 10.1% a year on average over the last five fiscal years, from $5.3 billion to $8.5 billion.
What are Hertz Global's earnings per share?
Hertz Global earned $-1.97 per diluted share in fiscal 2025, compared with $-4.58 a year earlier.
When will Hertz Global report its next earnings?
Hertz Global is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Hertz Global's fiscal year end?
Hertz Global's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.