Hertz Global Reports Q3 2026 Revenue Growth Amid EBITDA Miss and Rising Repair Costs
Hertz Global Holdings (HTZ) reported third-quarter revenue of $2.6 billion, a 6% increase year-over-year driven by strong U.S. pricing and commercial momentum. However, adjusted corporate EBITDA reached $233 million, missing the low end of management guidance by over $40 million due to international softness—specifically in Europe impacted by Middle East conflicts—and higher than expected operational costs. The company is currently executing a capital-light strategy, including transitioning company-owned locations to franchise partners, which could generate over $500 million in proceeds in 2027. While U.S. revenue per day (RPD) increased by 8%, the company faced headwinds from elevated collision and maintenance expenses and softer international demand.
Topics: EBITDA miss guidance international softness revenue growth