Hertz Q1 revenue rises 11%, beats expectations

Hertz Global Holdings

07/05/2026 13:16

Overview

U.S. car rental firm's Q1 revenue rose 11% yr/yr, beating analyst expectations

Adjusted loss per share narrowed, coming in less than analyst expectations

Company launched Oro Mobility, expanding into autonomous and driver-led fleet management

Outlook

Hertz did not provide specific financial guidance for the current quarter or full year

Result Drivers

COMMERCIAL STRATEGIES - Hertz said Q1 revenue growth was driven by continued progress in commercial strategies and improvements in core rental operations

REVENUE METRICS - Year-over-year improvement in Revenue Per Day (RPD) and Revenue Per Unit (RPU) contributed to higher revenue, with RPD up 5.5%

DISCIPLINED FLEET MANAGEMENT - Lower depreciation per unit and a younger fleet supported profitability improvements

RECALL IMPACT - Elevated vehicle recalls reduced utilization and negatively impacted revenue and EBITDA, though Hertz said it is actively managing these effects

Company press release: ID:nBw1xkb8ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.004 bln
$1.88 bln (7 Analysts)
Q1 Adjusted EPS
Beat
-$0.72
-$0.73 (7 Analysts)
Q1 EPS
-$1.06
Q1 Adjusted Net Income
Beat
-$224 mln
-$247.54 mln (2 Analysts)
Q1 Net Income
-$333 mln
Q1 Adjusted EBITDA Margin
-8.00%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)