Q4 25 EPS
$-0.72
MISS 39.70%
Est. $-0.52
Q4 25 Revenue
$2.03B
BEAT +4.85%
Est. $1.93B
vs S&P Since Q4 25
-58.1%
TRAILING MARKET
HTZ -49.4% vs S&P +8.7%
Full Year 2025 Results
FY 25 EPS
$-2.43
MISS 31.42%
Est. $-1.85
FY 25 Revenue
$8.50B
BEAT +0.32%
Est. $8.48B
Market Reaction
Did HTZ Beat Earnings? Q4 2025 Results
Hertz Global Holdings delivered a mixed fourth quarter for fiscal 2025, posting a narrower-than-expected revenue miss on the bottom line while edging past sales forecasts, as the rental car giant continued grinding through its Back-to-Basics transfor… Read more Hertz Global Holdings delivered a mixed fourth quarter for fiscal 2025, posting a narrower-than-expected revenue miss on the bottom line while edging past sales forecasts, as the rental car giant continued grinding through its Back-to-Basics transformation. The company reported a loss of $0.72 per share, falling short of the consensus estimate of $0.50 by 44.23%, while revenue of $2.03 billion edged the $2.00 billion estimate by 1.35%, though it slipped 0.6% year over year. The EPS shortfall was heavily influenced by more than $100.00 million in transitory headwinds, including government shutdown disruptions, FAA flight cancellations, and an elevated recall burden, compounded by an approximately $60.00 million non-cash depreciation charge tied to revised residual value forecasts. Still, the full-year net loss narrowed dramatically to $747.00 million from $2.86 billion in 2024, lending credibility to Pershing Square's framing of Hertz as a recovery story. Looking ahead, management guided for mid-single digit revenue growth in Q1 2026, with January and February trends already pointing in a more positive direction.
Key Takeaways
- • Revenue optimization and internal revenue management initiatives
- • Fleet rotation completed with model year 2026 buys at target prices and volumes
- • Depreciation Per Unit Per Month improved 44% year over year to $330 in Q4
- • Vehicle utilization improved 200 basis points year over year to 81% for full year
- • Adjusted DOE per transaction day improved 6% year over year in Q4
- • Net Promoter Score increased nearly 50% year over year
- • $2 billion improvement in profitability year over year under Back-to-Basics strategy
HTZ YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
HTZ Revenue by Segment
With YoY comparisons, source: SEC Filings
HTZ Revenue by Geography
With YoY comparisons, source: SEC Filings
“Hertz sits on a stronger foundation today than we did one year ago. In the fourth quarter, we delivered measurable progress and our strongest year-over-year revenue performance in nearly two years, despite a complex environment. We achieved a $2 billion improvement in profitability in our first full year under the Back-to-Basics strategy, driven by meaningful gains in revenue, utilization, unit economics, and customer experience.”
— Gil West, Q4 2025 Earnings Press Release
HTZ Earnings Trends
HTZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HTZ EPS Trend
Earnings per share: estimate vs actual
HTZ Revenue Trend
Quarterly revenue: estimate vs actual
HTZ Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.72 | $-0.72 | -0.28% | $2.00B | +5.69% |
| Q4 25 MISS FY | $-0.52 | $-0.72 | -39.70% | $2.03B | +4.85% |
| FY Full Year | $-1.85 | $-2.43 | -31.42% | $8.50B | +0.32% |
| Q3 25 BEAT | $0.07 | $0.42 | +543.19% | $2.48B | +3.20% |
| Q2 25 BEAT | $-0.41 | $-0.34 | +17.44% | $2.19B | +0.72% |
| Q1 25 MISS | $-0.98 | $-1.12 | -14.62% | $1.81B | -9.82% |