NYSE$HTZ

Hertz Global Holdings Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Hertz reported Q1 2026 revenue of $2.00B with a net loss of $333M and diluted loss per share of $1.06.

For the quarter ended March 31, 2026, Hertz Global reported revenues of $2.00 billion, up 11% from $1.81 billion, on improved pricing and volume in Americas and International RAC. Net loss was $333 million versus $443 million a year ago. Diluted loss per share was $1.06 compared with $1.44. Adjusted corporate EBITDA improved per MD&A. Public warrant fair-value gains benefited other income.

  • Revenue of $2.00B (+11% YoY).
  • Net loss narrowed to $333M from $443M.
  • Diluted loss per share of $1.06.
  • Americas RAC revenue $1.63B; International RAC $376M.
  • Fleet costs and interest expense remain headwinds.

Headline financials

Total Revenue

$2B

Previous: $1.81B+10.5%
EPS (adj)

-$1.06

Previous: -$1.44+26.4%
Capital Expenditures

-$29M

Previous: -$22M-31.8%
Net Income

-$333M

Previous: -$443M+24.8%
Operating Income

-$141M

Previous: -$525M+73.1%

Revenue & EPS history

Hertz · Revenue · Quarterly

$2B

Q1 2026+10.5%vs Q1 2025
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

MD&A discusses fleet, pricing, and liquidity; no formal annual EPS guidance restated in the 10-Q.

Tailwinds

  • Revenue and RPD trends improved YoY.
  • Loss per share narrowed with better operating metrics.

Headwinds

  • Still deeply unprofitable on GAAP basis.
  • High interest expense and fleet depreciation burden results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-3.5%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+36.2%

Q3 2025

Best reaction

-23.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-1.6%-4.1%-17.4%
Q4 2025+1.8%-1.8%+4.1%
Q3 2025+36.2%+33.2%+4.0%
Q1 2025-17.2%-4.0%-12.2%
Q4 2024-8.5%+5.4%-10.4%
Q3 2024+12.5%+20.2%+27.0%
Q2 2024-9.3%-11.0%-25.5%
Q1 2024-23.8%-21.6%-17.6%
Q4 2023+6.7%+2.8%-8.6%
Q3 2023-14.8%-16.7%-15.1%
Q2 2023-11.1%-8.2%-5.9%
Q1 2023+10.1%+7.0%+4.6%
Q4 2022+7.5%+3.6%+4.5%
Q3 2022-1.0%-5.3%-9.9%
Q2 2022+23.0%+18.2%+9.1%
Q1 2022-4.7%-11.0%-12.6%
Q4 2021+10.0%+13.1%+26.1%
Q3 2021+14.8%+29.8%-11.6%
Q2 2021+2.4%-2.7%+0.4%
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Q2 2010———
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