Companies /Industrials

Hertz Global Holdings Inc (New)

NASDAQ: HTZ Rental & Leasing Services
$2.04
▼ $0.05 (−2.39%) today
Markets closed · 9:04pm ET

Q2 2025 Earnings

Reported Aug 7, 2025, 8:03am ET · SEC source
$-0.34
Beat +17.44%
EPS · est. $-0.41
$2.2B
Beat +0.72%
Revenue · est. $2.2B
−1.2%
Trailing market
HTZ vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%+10%Aug 7Aug 8report 8:03am ETearnings+0.2%−5.6%
−5%0+5%+10%Aug 7Aug 8earnings+0.2%−5.6%
HTZ −5.6%S&P 500 +0.2%
−5%0+5%+10%Aug 7Aug 8report 8:03am ETearnings+0.6%−5.6%
−5%0+5%+10%Aug 7Aug 8earnings+0.6%−5.6%
HTZ −5.6%NASDAQ +0.6%
−18%−12%−6%0Aug 6Aug 15report 8:03am ETearnings+1.2%−17.7%
−18%−12%−6%0Aug 6Aug 15earnings+1.2%−17.7%
HTZ −17.7%S&P 500 +1.2%
−14%−7%0Aug 6Aug 15report 8:03am ETearnings+1.0%−17.7%
−14%−7%0Aug 6Aug 15earnings+1.0%−17.7%
HTZ −17.7%NASDAQ +1.0%
+7.54%
Day of report
−7.18%
Next session
−12.52%
One week
+1.67%
30 days

S&P 500 over the same 30 days: +2.86%.

Did HTZ Beat Earnings? Q2 2025 Results

Hertz Global Holdings delivered a notable turnaround story in Q2 2025, posting an adjusted diluted loss of $0.34 per share and beating the consensus estimate of $0.41 by 17.44%, while revenue of $2.19 billion edged past expectations by 0.72% despite falling 7.1% year-over-year. The most material driver behind the improvement was a dramatic reset of the company's fleet economics, with depreciation per unit per month plunging 58% year-over-year to $251, well below management's sub-$300 target, as Hertz executed its "Buy Right, Hold Right, Sell Right" strategy. That discipline helped swing adjusted free cash flow to positive $327 million from negative $553 million a year earlier, and narrowed the net loss to $294 million from $865 million in Q2 2024. Vehicle utilization climbed to 83%, up 300 basis points year-over-year, and the company achieved its first positive Adjusted Corporate EBITDA in nearly two years, at $1 million compared to negative $460 million in the prior-year period.

Key Takeaways
  • Depreciation per unit per month fell 58% YoY to $251, exceeding sub-$300 North Star target
  • Vehicle utilization reached 83%, up 300 basis points year-over-year
  • Nearly 80% of the core U.S. rental fleet is less than a year old
  • Direct operating expenses declined 3% year-over-year
  • Highest second-quarter retail vehicle sales volume in five years
  • Global Net Promoter Score improved by 11 points year-over-year
  • Net income and Adjusted Corporate EBITDA both improved approximately $0.5 billion year-over-year
  • First quarter of positive Adjusted Corporate EBITDA in nearly two years

“Our transformation is taking hold. Through smarter fleet management, improved utilization, enhanced customer experience, disciplined cost control, and the hard work of our people, it's clear our strategy is working. We're building a stronger, more resilient Hertz – one that's operationally sound, financially disciplined, and positioned to lead in the future of mobility.”

Hertz CEO, on the earnings call

HTZ YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$800.0M$1.6B$2.4B$2.4B$2.2BRevenue$-177,097,765$-294,000,000Net Income
$0$800.0M$1.6B$2.4BRevenueNet Income

HTZ Revenue by Segment

Americas RAC$1.7B−10.0%
International RAC$447.0M+5.0%

HTZ Revenue by Geography

Americas$1.7B−10.0%
Rest of World$447.0M+5.0%

Figures from SEC filings and company reports. Not investment advice.