Category: Press Release

  • Hertz Announces Q1 2026 Results, Strongest Revenue Growth in Three Years

    Hertz Announces Q1 2026 Results, Strongest Revenue Growth in Three Years

    With the launch of Oro Mobility, Hertz expands into new mobility channels and advances its platform for growth

    “The transformation of Hertz continues to build sustained momentum,” said Gil West, Chief Executive Officer of Hertz. “We set ambitious goals for the quarter and delivered meaningful progress across revenue, asset efficiency, and unit economics. We achieved our strongest year‑over‑year revenue growth in three years alongside profitability improvements, demonstrating that our strategy is translating into tangible results.”

    On the Company’s recent news, West added: “The launch of Oro Mobility marks an important milestone in the expansion of the Hertz growth platform. As the mobility ecosystem evolves, there is a clear need for an operational layer that connects demand platforms with vehicles and autonomous technology at scale. Leveraging Hertz’s century of expertise in complex fleet operations, Oro is purpose‑built to address that gap by delivering flexible, integrated fleet solutions for both driver‑led and autonomous models, opening a new chapter for Hertz.”

    ESTERO, Fla, May 7, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz,” “Hertz Global,” or the “Company”) today reported results for its first quarter 2026.

    Q1 2026 HIGHLIGHTS

    • Revenue totaled $2.0 billion in the first quarter, up 11% year over year, Hertz’s strongest year-over-year revenue growth in three years, driven by continued progress in its commercial strategies.
    • Year-over-year Revenue per Unit (RPU) and Revenue Per Day (RPD) metrics continued improving sequentially, with RPD delivering a 5.5% increase, its most significant year-over-year improvement since 2022.
    • GAAP net loss for the quarter totaled $333 million and Diluted GAAP EPS was $(1.06). Adjusted net loss was $224 million and Adjusted Diluted EPS was $(0.72), resulting in a year-over-year improvement of $105 million and an Adjusted EPS improvement of $0.35.
    • Adjusted Corporate EBITDA was $(161) million, an improvement of nearly 50% year over year. This is inclusive of a negative impact of over $25 million from vehicle recalls.
    • Utilization was 79% in the first quarter, a decline of 70 basis points year-over-year; excluding elevated recalls, Utilization was up 140 basis points compared to the first quarter of 2025.
    • Net Depreciation per Unit per Month (Net DPU) was $312 in in the first quarter, approaching the Company’s North Star target and representing a year-over-year improvement of 13%, supported by disciplined fleet rotation. The used car market was in the seasonal trough through February, but has since improved considerably.
    • Hertz earned the only car rental spot on USA Today’s list of Most Trusted Brands for 2026 and the highest year over year improvement of any car rental company on Business Travel News’ satisfaction survey.
    • The Company continues to drive improvements in customer experience to strengthen its Global Net Promoter score consistently across the business, measuring record satisfaction in Europe in the first quarter.
    • Hertz ended the first quarter with approximately $837 million of liquidity and in April completed additional financing that added approximately $200 million.

    PLATFORM HIGHLIGHTS

    • Hertz recently launched an affiliated operating company Oro Mobility (Oro) to provide driver-led and autonomous end‑to‑end fleet management solutions to partners across emerging mobility segments.
    • Hertz Car Sales continues to expand its digital retail presence through a new partnership with eBay, bringing thousands of Hertz Certified, near-new vehicles to one of the world’s largest ​online ​automotive marketplaces.

    Q1 Summary
    Hertz’s first quarter performance underscores that its transformation is driving tangible results. Through its “Back-to-Basics” strategy, the Company is delivering measurable progress in its core rental operations with a focus on disciplined fleet management, revenue optimization, and rigorous cost control, all guided by its North Star metrics of DPU sub $300, RPU over $1,500, and DOE per Transaction Day in the low $30s.

    In the first quarter, the Company delivered sequential improvements through its “Buy Right, Hold Right, Sell Right” strategy with its youngest fleet in nearly a decade. Hertz achieved revenue of $2.0 billion in the first quarter, up 11% year over year and marking its strongest revenue growth in three years through continued, structural improvements to its commercial strategies. The Company drove sequential, year-over-year improvement in RPU and RPD, with RPD delivering a 5.5% increase, which was its most significant year-over-year improvement since the the travel recovery and microchip-driven spike in 2022. These results, along with the progress towards the Company’s North Star DPU target and continued implementation of cost management initiatives, resulted in an Adjusted Corporate EBITDA improvement of nearly 50% year over year. Although Direct Operating Expense (DOE) per Transaction Day increased 3%, Adjusted DOE improved approximately 2% year over year when normalizing for higher RPD-related variable costs that are EBITDA accretive, higher damages costs that are recovered through revenue and are EBITDA neutral, and higher real estate costs following sale leaseback transactions executed last year. The Company also continues to make systemic improvements across every customer touchpoint to enhance its rental experience.

    Recall activity was approximately 300% higher year over year and reduced Utilization by roughly 200 basis points, impacted Transaction Days by approximately 930,000, and resulted in a revenue impact of about $50 million. The total impact to Adjusted Corporate EBITDA was more than $25 million. The Company is actively managing through this by redeploying available fleet to higher‑demand markets, working with OEMs and government officials for both tactical and structural improvements, and keeping rentable fleet well utilized relative to demand through disciplined capacity planning. The underlying business performed well in the first quarter, demonstrating that this transitory headwind has not stopped structural progress.

    Platform for Growth
    Hertz’s strategic transformation has two goals: to improve its core operations, while building a diversified, value-creating platform for growth. This platform spans four strategic areas – Rent-a-Car, Service, Fleet, and Mobility – each with unique potential to scale. The Company remains focused on developing capabilities across its platform to create new value beyond its rental car business.

    In the first quarter, Hertz made critical advancements in the highest priority areas of its platform. In Rent-a-Car, Hertz launched an advanced fleet planning engine enabling greater precision and efficiency, which the Company expects will deliver positive impacts across the business. In Fleet, the evolution of Hertz Car Sales into an omnichannel retail business was bolstered by the announcement of a new partnership with eBay, putting the Company’s near-new, certified inventory in front of more customers than ever before.

    Oro Mobility
    In Mobility, Hertz recently launched its affiliated operating company, Oro, to provide flexible, integrated fleet management solutions across a range of mobility segments. As the industry transitions from personally owned vehicles to commercially operated fleets, Oro aims to fill a critical ownership, orchestration, and operations gap. Backed by Hertz’s core strengths in fleet and facility management, large-scale logistics, vehicle maintenance, and a management team with direct AV operational experience, Oro is designed to manage and serve fleets reliably, efficiently, safely, and at scale.

    With the scale of a global operator and the focus of an independent entity, Oro delivers solutions for all fleets. Oro has announced Uber as a major partner across both autonomous and driver‑led operations, extending the companies’ long‑standing rideshare rental partnership.

    EARNINGS WEBCAST INFORMATION
    Hertz Global’s live webcast and conference call to discuss its first quarter 2026 results will be held on May 7, 2026 at 9:00 a.m. Eastern Time. The conference call will be broadcast live in listen-only mode on the Company’s Investor Relations website at IR.Hertz.com. If you would like to access the call by phone and ask a question, please go to https://events.q4inc.com/analyst/799455480?pwd=UFsNYc6H, and you will be provided with dial in details. Investors are encouraged to dial in approximately 15 minutes prior to the call. A web replay will remain available on the website for approximately one year. The earnings release and related supplemental schedules containing the reconciliations of non-GAAP measures will be available on the Hertz website, IR.Hertz.com.

    ABOUT HERTZ
    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

     

    Read the Full Results

  • Aeroplan Announces New Partnership With Hertz

    Aeroplan Announces New Partnership With Hertz

    • Partnership builds upon Aeroplan’s commitment to make travel more rewarding
    • Members can earn up to 5 Aeroplan points per dollar spent on car rentals with Hertz®, Dollar®, and Thrifty®, and unlock premium perks and benefits
    • For every 5 Aeroplan points earned, members will receive one Status Qualifying Credit (SQC), bringing them closer to Aeroplan Status
    • All Aeroplan Elite Members and select Aeroplan Credit Cardholders get complimentary Five Star® or President’s Circle® status in Hertz Gold+ TM  loyalty program

    MONTRÉAL, May 6, 2026 – Aeroplan, Canada’s leading travel loyalty program, has announced a new strategic partnership with Hertz, one of the world’s largest vehicle rental companies. This collaboration extends across Hertz, Dollar, and Thrifty, and is the latest example of Aeroplan’s commitment to expanding its partner ecosystem, providing members with more opportunities to earn rewards, unlock premium benefits, and accelerate their journey to Aeroplan Elite Status.

    “Car rentals are a natural part of the travel journey, and we’re thrilled to give Aeroplan members more ways to earn and redeem points, while unlocking new benefits along the way,” said Scott O’Leary, Vice President of Loyalty & Product at Air Canada. “Partnering with Hertz is one of the ways we are delivering on the promise we made when we redesigned Aeroplan, providing choice, convenience, and value that extends their loyalty from the air to the road.”

    In addition to new earning opportunities, this partnership unlocks preferred pricing for all Air Canada customers, when reserving car rentals through aircanada.com.

    “We’re delighted to partner with Air Canada to deliver even more value to Aeroplan members when they rent from Hertz, Dollar or Thrifty,” said Laura Smith, Executive Vice President, Global Sales and Partnerships at Hertz. “Together, we’re providing premium benefits that will make for a more seamless and rewarding travel experience all around.”

    Through this new partnership, Aeroplan Members can access the following benefits:

    • Aeroplan members earn 2 points per $1* spent on car rentals with Hertz, Dollar and Thrifty.
    • Aeroplan Elite 25K, 35K, and 50K members earn 3 points per $1* spent on Hertz car rentals; Elite 75K members earn 4pts per $1* spent on Hertz car rentals; Super Elite members earn 5pts per $1* on Hertz car rentals.
    • Members receive 1 Status Qualifying Credit (SQC)** for every 5 Aeroplan points earned on car rentals.
    • Aeroplan Elite 25K, 35K, and 50K members, along with Aeroplan Core Credit Cardholders, receive complimentary Five Star status in the Hertz Gold+ program+.
    • Aeroplan Elite 75K and Super Elite members, along with Aeroplan Premium Credit Cardholders, receive complimentary President’s Circle status in the Hertz Gold+ program+.

    For full details on Aeroplan’s partnership with Hertz and available member benefits, visit here.

    More ways to earn and redeem, every day
    Aeroplan is widely regarded as one of the leading travel loyalty programs in North America. Aeroplan Members can earn or redeem points on more than 50 airlines to 1,300+ destinations globally. Redeem for flights with no blackouts or surcharges, access thousands of hotel properties via Aeroplan HotelSavers, or shop for brands like Amazon and Apple at the Aeroplan eStore.

    To join Aeroplan’s community of more than 10 million active members, visit aircanada.com/aeroplan.

    About Air Canada
    Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada’s TCFD disclosure. Air Canada shares are publicly traded on the TSX (AC) in Canada and the OTCQX (ACDVF) in the US.

    About Hertz
    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com

    *Spend is calculated based on actual time & mileage cost of a vehicle rental, plus amounts payable in connection with ancillaries, vehicle upgrades, fees or surcharges but does not include taxes. If the rental is paid for in a currency other than Canadian dollars, the spend will be converted into CAD and the number of points will be calculated accordingly
    **Only Aeroplan base points are eligible for SQC accumulation. Bonus points earned as part of promotions do not count towards SQC.
    +Terms and Conditions apply. For more details on the Hertz status grant for Aeroplan Elite members and select credit cardholders see here

  • Hertz Car Sales Continues Retail Expansion with Digital Showroom on eBay

    Hertz Car Sales Continues Retail Expansion with Digital Showroom on eBay

    Hertz Car Sales brings thousands of Hertz Certified, near-new vehicles to eBay through a dedicated digital shopping experience    

    ESTERO, Fla., May 5, 2026 – Hertz Car Sales today announced the latest strategic expansion of its digital retail presence with eBay, bringing thousands of Hertz Certified, near-new vehicles to one of the world’s largest online automotive marketplaces. Through a dedicated Hertz Car Sales showroom, shoppers on eBay will have access to more than 8,000 vehicle listings, enjoying greater confidence, convenience, and value backed by a trusted brand.

    Hertz Car Sales offers the largest selection of single-owner, near-new vehicles in the U.S. used retail market, with inventory that is typically one year old or newer and priced, on average, significantly less than buying new. Launching on eBay advances Hertz’s strategy to make retail its primary sales channel and expands access to its near-new inventory on a trusted digital retail platform where many shoppers already search, compare, and research vehicles.

    Vehicles, parts and accessories comprise one of the largest categories on eBay, with millions of listings available every day spanning pre-owned daily drivers to highly modified, purpose-built rides. All Hertz vehicles will be available through eBay’s Secure Purchase which enables a seamless end-to-end transaction experience, including payment, financing, registration, ownership transfer, transport, and up to $100,000 Vehicle Purchase Protection. Now, with the Hertz Car Sales showroom, shoppers can access even more certified inventory that meets their unique needs – from trusted brands like Ford, Toyota, Chevrolet, Nissan, and more – and complete their purchase through a single, integrated online experience.      

    “Building on our strengthened retail channels and existing partnerships, establishing a presence with eBay is a natural next step,” said Chris Berg, Executive Vice President, Global Fleet Management at Hertz. “It gives us access to millions of in-market shoppers on a trusted platform, supports a scalable retail model, reduces our reliance on wholesale channels, and puts our near-new, certified inventory in front of more customers than ever before.”

    “eBay has long been the destination of choice for car shoppers seeking value,” said Andreas Wielgoss, GM of Vehicles at eBay US. “With Hertz bringing its inventory to eBay, we’re connecting shoppers with a world-class selection of near-new certified vehicles, all backed by eBay’s Secure Purchase which enables a seamless, end-to-end buying experience online.”

    Partnering with eBay is the latest milestone in Hertz’s retail growth strategy, focused on building a scalable sales model through Hertz Car Sales partnerships where today’s car buyers are already shopping. By establishing a presence across reputable third-party marketplaces, Hertz Car Sales creates multiple high-quality entry points into the purchase funnel, increasing retail conversion while expanding the reach of its nationwide inventory.

    All vehicles listed on eBay are Hertz Certified, meaning they are carefully selected from Hertz’s fleet and undergo a rigorous 115-point inspection before being offered for sale. Hertz Certified vehicles are routinely maintained throughout their lifecycle and transparently priced, and include added benefits designed to give buyers confidence, including a 12-month/12,000-mile limited warranty and a 7-day buy-back guarantee. Together, Hertz and eBay offer a unique and unparalleled protection for vehicle purchases which takes the guesswork out of finding the right vehicle at the right price when buying online.

    For more information, visit: https://www.ebay.com/str/hertzcarsales

    About Hertz Car Sales
    Hertz Car Sales offers an extensive range of quality pre-owned cars, SUVs, and trucks at competitive prices. With over 46 locations nationwide and a convenient online platform, Hertz Car Sales’ commitment to quality, transparency, and customer satisfaction means no hidden fees, detailed vehicle histories and straightforward pricing. Vehicles undergo comprehensive inspections and maintenance, ensuring customers purchase reliable vehicles they can trust. Learn more at hertzcarsales.com.

    For more information, contact: mediarelations@hertz.com

    About eBay
    eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2025, eBay enabled nearly $80 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

    For more information, contact: press@ebay.com

  • Hertz and The Home Depot Partner to Honor Military Heroes

    Hertz and The Home Depot Partner to Honor Military Heroes

    The two brands unite to support the military community with reliable transportation, special travel benefits and home upgrades

    ESTERO, Fla., May 1, 2026 – As the nation looks ahead to its 250th anniversary and observes Military Appreciation Month, Hertz and The Home Depot are coming together to honor military heroes with a nationwide initiative designed to support their everyday needs with reliable transportation, special travel benefits and meaningful upgrades at home.

    Now throughout May, Hertz and The Home Depot are hosting a nationwide contest to shine a spotlight on deserving active-duty service members, veterans, and their spouses who have gone above and beyond for their country and community. Three winners will receive a powerful prize package that includes:

    • A car of their choice from Hertz Car Sales
    • A limited-edition Husky® workbench and Husky rolling jobsite box
    • A $1,000 The Home Depot gift card (plus a $1,000 gift card for the nominator)

    One contest winner will also receive a garage storage upgrade from The Home Depot in addition to the other prizes to help tackle projects at home or on the job.

    “Hertz has a long history of supporting the transportation needs of military members and their families, and this partnership with The Home Depot builds on that commitment in a meaningful way,” said Jeff Adams, Executive Vice President, Hertz Car Sales. “By combining reliable transportation with practical support at home, we’re focused on honoring service members with solutions that make a real difference in everyday life.”

    Hertz brand ambassador and seven‑time Super Bowl champion Tom Brady is helping amplify the initiative by highlighting incredible stories of service and sacrifice, encouraging the public to nominate deserving heroes who go above and beyond in service to their country and communities.

    “There are so many people who serve their country and then come home and keep showing up for their families and communities,” said Brady. “And behind every one of them are families making sacrifices as well. Their stories of service don’t always get told, but they’re the ones that matter – and being part of this effort is simply a way to say thank you.”

    From May 1 through July 4, eligible military members can receive up to $1,000 off a vehicle purchase at Hertz Car Sales – including access to the largest selection of ‘near new’ model year 2025 vehicles in the used retail market** – helping make dependable transportation more attainable. In addition, Home Depot Verified Military Discount members will be upgraded to Hertz Five Star® status during the same period, allowing them to skip the counter and unlock enhanced rewards and benefits throughout the busy summer travel season and beyond.

    “At The Home Depot, taking care of the military community is core to our values, and we’re always looking for meaningful ways to recognize service members,” said Erin Izen, Senior Director, Community Investments at The Home Depot. “By teaming up with Hertz, we’re proud to give members of our Home Depot Military Discount program access to Hertz Five Star status and the chance to be celebrated in a special way.  It’s one more way we’re saying thank you – by delivering exclusive benefits that reflect the respect and appreciation they deserve.”

    To enter or nominate a military hero during the month of May, visit Hertz.com/military. Hertz’s judges will review contest submissions and notify winners ahead of Fourth of July.

    *NO PURCHASE NECESSARY. Nominations open through 5/31/26. Proof of military status required. Contiguous US only. Please read contest rules here.
    **Largest selection of 2025 models claim is based on the number of vehicles listed for sale on competitor dealer websites as of the date of release.

    About Hertz
    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

    About Home Depot
    The Home Depot is the world’s largest home improvement specialty retailer. At the end of fiscal 2025, the company operated a total of 2,359 retail stores and over 1,250 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs over 470,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

  • Hertz and Uber Partner to Power Autonomous Robotaxi and Driver-Led Fleet Operations

    Hertz and Uber Partner to Power Autonomous Robotaxi and Driver-Led Fleet Operations

    Hertz launches affiliate Oro Mobility as part of its strategy to expand into new mobility vectors, announcing Uber as its first major partner and extending the companies’ long–standing rideshare rental partnership.

     

    ESTERO and SAN FRANCISCO – April 30, 2026 – Hertz Global Holdings, Inc.’s (NASDAQ: HTZ) affiliated operating company, Oro Mobility, and Uber Technologies, Inc. (NYSE: UBER) today announced two strategic fleet partnerships, accelerating Hertz’s growth into new mobility vectors and advancing Uber’s autonomous robotaxi and driver-led strategic fleet services.

    As one of the world’s largest vehicle fleet operators, Hertz established Oro Mobility (Oro) to provide integrated fleet management solutions across a range of mobility segments. As the industry transitions from personally owned vehicles to commercially operated driver-led and autonomous fleets, Oro aims to fill a critical orchestration and operations gap. Backed by Hertz’s core strengths in fleet and facility management, large-scale logistics, and vehicle maintenance, Oro is designed to manage and service fleets reliably, efficiently, and at scale.

    Through its partnerships with Uber, Oro will deliver scalable operational and maintenance services across both autonomous and driver‑led operations in key U.S. markets, reflecting the breadth of the companies’ collaboration across multiple mobility models.

    Autonomous Robotaxi Fleet Management

    Oro will support Uber’s autonomous robotaxi program of Lucid vehicles equipped with Nuro AV technology, providing day-to-day vehicle asset management, including charging, maintenance, repairs, cleaning, and depot staffing. Services are expected to launch in the San Francisco Bay Area later this year, as Hertz and Uber explore expansion opportunities in 2027.

    Driver-Led Fleet Management

    Oro has also partnered with Uber to offer strategic fleet services on the Uber platform, utilizing a fleet of high-quality, well‑maintained vehicles operated by Oro‑employed drivers. The model better enables Uber to meet increasing rider demand with a seamless customer experience, while demonstrating Hertz’s ability to deliver turnkey fleet solutions at scale. Following a successful pilot in Atlanta last year, Oro is now also active on the Uber platform in Los Angeles and San Francisco, with Northern New Jersey expected to launch this spring.

    “Hertz has spent over a century mastering complex fleet operations at scale, and Oro is how we put that expertise to work in the next era of mobility,” said Gil West, CEO at Hertz. “This partnership with Uber establishes Oro as an integrated solution that connects demand with scalable fleet management services. Through this work, we’re deepening our capabilities across diverse mobility use cases, and positioning Hertz to play a significant role as the industry evolves.”

    “Partnering with Hertz’s Oro Mobility will help us continue to bring the best autonomous technology onto the Uber platform and accelerate the transition to a hybrid network in which both driver-led and autonomous rideshare operations can scale and serve communities reliably and efficiently,” said Andrew Macdonald, President and COO of Uber. “By combining Uber’s global platform and marketplace leadership with Oro’s dedicated fleet management expertise, we are well-equipped to meet increasing rideshare demand and deliver a seamless, high-quality rider experience across the entire mobility ecosystem.”

    This announcement builds on Hertz and Uber’s long-standing rideshare rental partnership, through which Hertz operates one of the largest rideshare rental fleets in the world. Oro represents the next phase of the companies’ collaboration and reflects Hertz’s strategy to diversify beyond its core Rent-A-Car business and build capabilities that will be central to managing more complex fleets, whether driver-led or autonomous.

    About Oro Mobility

    Oro Mobility (Oro) is a separate operating affiliate of Hertz Global Holdings, Inc., established to expand the company’s presence in mobility channels beyond its core rental business. Designed as the critical ownership, orchestration, and operations layer between autonomous technology, vehicles, and demand platforms, Oro delivers integrated fleet management solutions for both driver-led and autonomous vehicles. For more information about Oro, visit www.oromobility.com.

    About Hertz

    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

    About Uber

    Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 72 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

     

    Forward-Looking Statements:
    This press release contains forward-looking statements regarding Uber and Hertz’s expectations relating to the commercial partnership described herein. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include statements that are not historical facts and may be identified by words such as “expect,” “plan,” “anticipate,” “intend,” “may,” “will,” and similar expressions and the negatives of those terms. Risks and uncertainties include, among others, the ability of the parties to implement the partnership as expected, realize anticipated benefits, economic, financial, social or political conditions that could adversely affect us, and other factors beyond our control. For additional information on risks and uncertainties, please see Uber and Hertz’s filings with the SEC, including each of their most recent Annual Reports on Form 10-K and subsequent 10-Qs and other filings filed with the SEC from time to time. Each of Uber and Hertz undertake no obligation to update any forward-looking statements except as required by law.

     

    Contacts:

    Uber: press@uber.com

    Hertz: mediarelations@hertz.com

     

     

     

     

  • Hertz Global Holdings, Inc. to Announce First Quarter 2026 Financial Results on May 7, 2026

    Hertz Global Holdings, Inc. to Announce First Quarter 2026 Financial Results on May 7, 2026

    ESTERO, Fla., April 06, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the “Company”) announced today that it plans to report its first quarter 2026 financial results at 8:00 a.m. ET on Thursday, May 7, 2026, followed by an earnings call at 9:00 a.m. ET.

    A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q1 2026 earnings teleco registration, and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for approximately one year.

     

    ABOUT HERTZ

    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

     

    For more information, please email investorrelations@hertz.com or mediarelations@hertz.com.

  • Hertz Expands Premium Fleet with INEOS Grenadier

    Hertz Expands Premium Fleet with INEOS Grenadier

    A strikingly distinctive premium 4X4 now available to rent in the U.S.
    Photos and video: HERE

    ESTERO, Fla., March 18, 2026 – Hertz, one of the world’s largest rental car companies, today announced the addition of the INEOS Grenadier to its U.S. rental fleet, further expanding the lineup of premium vehicles available to customers.

    Hertz will provide customers with unmatched access to this premium 4X4 from INEOS Automotive – offering the largest availability of Grenadiers for rent anywhere in the U.S. Customers can reserve this coveted vehicle at select airport locations nationwide starting this spring.

    “At Hertz, we’re focused on offering the newest and most exciting vehicles in the industry and giving customers access to modern, high quality rental options,” said Adnan Manzur, Senior Vice President, North America Customer Operations at Hertz. “With the addition of the INEOS Grenadier, we’re continuing to broaden customer choice and reflect travelers’ evolving preferences for unique, premium driving experiences that make the journey just as memorable as the destination.”

    The INEOS Grenadier 4X4 combines British design with German engineering. INEOS Automotive entered the Americas market in 2023 and continues to grow its portfolio and presence across the region. Hertz renters will experience the Grenadier in high-spec Fieldmaster trim. This configuration includes leather upholstery, heated seats, safari windows, a premium sound system, 18‑inch alloy wheels, delivering both comfort and capability to customers.

    “This partnership represents an exciting step forward for our continued expansion in North America,” said Gregor Hembrough, EVP, INEOS Automotive Americas. “Introducing the Grenadier to Hertz customers gives more drivers the opportunity to experience our vehicle’s capability and engineering firsthand. It also highlights the strong demand we’re seeing as our brand continues to grow its presence across the North America.”

    To learn more and reserve a Grenadier, visit Hertz.com.

    To find out more about INEOS Grenadier’s story, visit INEOSGrenadier.com.

    About Hertz
    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

    ABOUT INEOS AUTOMOTIVE
    In 2017, INEOS Chairman Jim Ratcliffe, a car enthusiast and experienced adventurer, identified a gap in the market for an uncompromising 4X4 engineered for modern day compliance and reliability. INEOS Automotive Limited was formed and a senior team of automotive professionals assembled to bring the vision to reality with a fresh perspective of 4X4 development and manufacturing. 

    In 2022 the INEOS Grenadier was launched: a truly global 4X4 built from the ground up that combines rugged British spirit and design with German engineering rigour. The Grenadier provides best-in-class off-road capability, durability, and reliability with the modern comfort and refinement customers expect wherever they are in the world. In 2023 a double-cab pick-up variant of the Grenadier was launched called the Quartermaster. 

    INEOS Automotive is a subsidiary of INEOS, a leading manufacturer of petrochemicals, specialty chemicals and oil products. It employs 24,500 people across 29 businesses, with a production network spanning 154 sites in 27 countries. From paints to plastics, textiles to technology, medicines to mobile phones, materials manufactured by INEOS enhance almost every aspect of modern life. In 2025, INEOS had sales of $55bn. To find out more about INEOS Automotive, visit www.ineosgrenadier.com.

  • Hertz Transformation Drives Structural Revenue Gains and Builds Sustainable Momentum

    Hertz Transformation Drives Structural Revenue Gains and Builds Sustainable Momentum

    “Hertz sits on a stronger foundation today than we did one year ago,” said Gil West, Chief Executive Officer of Hertz. “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.”

    “With a healthier fleet and improving residual performance, we are building from a position of strength and have begun to expand retail and mobility capabilities bolstering the Hertz platform. Spanning Rent-A-Car, Service, Fleet, and Mobility, we believe these businesses will generate value well beyond traditional rental, and ultimately redefine the role Hertz plays in the future of mobility.”

    ESTERO, Fla, February 26, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz,” “Hertz Global,” or the “Company”) today reported results for its fourth quarter and full year 2025.

    Q4 AND FULL YEAR 2025 HIGHLIGHTS

    • Revenue totaled $2.0 billion in the fourth quarter and $8.5 billion for full-year 2025, reflecting sequential improvement in pricing and resulting in Hertz’s strongest year-over-year revenue performance since Q1 2024.
    • Year-over-year Revenue per Unit (RPU) and Revenue Per Day (RPD) metrics improved sequentially through 2025. This momentum has continued into Q1 2026 as the Company expects to deliver mid-single digit revenue growth, driven by continued progress on internal revenue management initiatives and a positive industry pricing environment.
    • Profitability improved more than $2 billion year over year, with net loss totaling $194 million in Q4 and $747 million for the full year; Diluted EPS showed a significant year-over-year improvement, landing at $(0.72) for the quarter and $(2.43) for 2025.
    • Adjusted Corporate EBITDA for Q4 was $(205) million, an improvement of approximately $150 million year-over-year. This includes more than $100 million impact from several transitory headwinds. Full year Adjusted Corporate EBITDA was $(339) million, an improvement of more than $1 billion year over year as revenue optimization, utilization gains, and cost controls took hold.
    • Utilization was 78% in the fourth quarter and averaged 81% for the full year, a year-over-year improvement of 200 basis points, driving improved RPU.
    • Depreciation per Unit per Month (DPU) was $330 in Q4 and $300 for the full year, representing a year-over-year improvement of 44%, supported by disciplined fleet rotation. Depreciation was weighed down by an approximately $60 million non-cash charge driven by a revised third party forecast of residual values.
    • Q4 adjusted Direct Operating Expense (DOE) per transaction day improved by 6% year over year through rigorous cost control and operational discipline. DOE declined 3% year over year in the fourth quarter and 4% for the full year while Transaction Days declined 1% and 3% respectively.
    • Customer experience continued to improve in 2025, with Net Promoter Score increasing nearly 50% year-over-year, reflecting measurable gains in rental ease, fleet quality, and service reliability.
    • Hertz ended the fourth quarter with approximately $1.5 billion of liquidity and potential access to more than $1 billion of liquidity enhancements.

    Transitory Q4 Headwinds
    A number of compounding external events impacted EBITDA in the fourth quarter by more than $100 million. This included a government shutdown coupled with FAA flight cancellations, multiple technology vendor outages, and a nearly 3 times higher than normal level of vehicles on recall.

    DPU was in line with the Company’s full-year North Star target, but above its quarterly target due to a revised Black Book residual outlook and softer seasonal wholesale pricing amid elevated OEM and rental de-fleeting activity. This resulted in an approximately $60 million non-cash depreciation charge. Looking ahead, the Company sees a more normalized residual value outlook for 2026.

    Excluding these items, our core EBITDA production was in line with our expectations, reflecting continued progress on our revenue and cost initiatives.

    2025 Summary
    2025 was a critical year in the Hertz transformation, and underscored that the structural improvements the Company is making are permanent while the headwinds it faces are transitory. The traditional rental car business is improving, guided by its North Star metrics of DPU sub $300, RPU over $1,500, and DOE per transaction day in the low $30s.

    Over the course of the year, Hertz completed its fleet rotation and successfully secured model year 2026 buys at its target prices and volumes. This enabled model year 2025 sales through Hertz Car Sales, continuing the Company’s short-hold strategy and introducing a richer, more optimized car-class mix to its fleet. Hertz’s average fleet age was less than ten months and the lowest its been in almost a decade.

    Through these actions, Hertz achieved a full year EBITDA improvement of more than $1 billion year over year. The Company drove sequential improvements in revenue, RPU, and RPD, while also improving utilization and driving DPU down in line with the North Star target. Hertz also brought DOE per transaction day down despite lower volumes and saw a nearly 50% improvement in customer satisfaction – a result of an intentional effort to improve operations and customer experience.

    Q1 2026 Insights
    Hertz’s early first quarter performance indicates that its commercial strategy continues to deliver sustained value in 2026. January revenue results show meaningful improvement year over year, with February trending more positively and March continuing that trajectory. The Company expects a mid-single digit increase in revenue for the quarter, supported by a constructive demand environment and increased year-over-year RPD. With respect to the fleet, the Company also sees signs that residual values are improving from Q4’s seasonal lows. Looking ahead to the rest of the year, the Company remains focused on growing the off-airport and mobility business and accelerating revenue growth while staying disciplined on costs.

    Platform for Growth
    The Company is building on the transformation of the core rental car business by establishing a diversified, value-creating platform for growth. This platform spans four strategic areas – Rent-a-Car, Service, Fleet, and Mobility – each with unique potential to scale. The Company is focused on developing capabilities across its platform, including continuing the digital evolution of Hertz Car Sales in Fleet, exploring growth and franchise opportunities in Rent-a-Car, piloting new offerings in Service, and expanding revenue channels, assets, and capabilities in Mobility.

    EARNINGS WEBCAST INFORMATION

    Hertz Global’s live webcast and conference call to discuss its fourth quarter and full year 2025 results will be held on February 26, 2026 at 9:00 a.m. Eastern Time. The conference call will be broadcast live in listen-only mode on the Company’s Investor Relations website at IR.Hertz.com. If you would like to access the call by phone and ask a question, please go to https://events.q4inc.com/analyst/447223111?pwd=dj5kBgTF, and you will be provided with dial in details. Investors are encouraged to dial in approximately 15 minutes prior to the call. A web replay will remain available on the website for approximately one year. The earnings release and related supplemental schedules containing the reconciliations of non-GAAP measures will be available on the Hertz website, IR.Hertz.com.

    ABOUT HERTZ

    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

     

    Read the Full Results

  • Hertz Showcases Employee Car Culture and New 2026 Fleet at Estero Headquarters

    Hertz Showcases Employee Car Culture and New 2026 Fleet at Estero Headquarters

    Employee‑owned classics like the DeLorean and ’64 Chevy meet Hertz’s modern 2026 fleet at second annual event

    Event Photos: HERE

    ESTERO, Fla., February 19, 2026 – Hertz hosted its second annual Employee Car Show and Meet the Fleet event today at the company’s global headquarters in Estero, where cars of all eras took center stage. The event celebrated employees’ passion for vehicles while offering an exclusive look at the new models joining the company’s 2026 rental fleet.

    This year’s event was co-hosted by two of Hertz’s Employee Resource Groups: Veterans and First Responders, serving as the primary sponsor, and GenH (Generation Hertz), which supports employees who are newer to the workforce or to Hertz. Together, the ERGs delivered a program that highlighted Hertz’s strong employee car culture and reinforced the company’s commitment to service, innovation, and community engagement.

    The event showcased an impressive lineup of employee-owned vintage classics and high-performance sports cars, vehicles from the Lee County Sherriff’s Office and Estero Fire Department, and a range of new 2026 model-year vehicles that will be available for customers to rent at Hertz nationwide.

    “Hertz employs thousands of car enthusiasts, including myself and many at our headquarters and throughout Southwest Florida,” said Mike Moore, Hertz Executive Vice President and Chief Operating Officer, and executive sponsor of Hertz’s Veterans and First Responders Employee Resource Group. “This event is a great way to celebrate that passion while also giving our employees a firsthand look at the latest makes and models joining our new and refreshed fleet so they can better serve our customers and deliver a great rental experience.”

    Hertz’s Fleet team and local dealership reps showcased a variety of the new 2026 models that will soon be available to rent at Hertz, including luxury vehicles such as the Cadillac CT-5, Genesis GV80, Mercedes GLE350, Volvo XC90 and more.

    “It was great to see iconic cars like the DeLorean and a ’64 Chevy alongside some of the 2026 models we’re renting,” said Jessica Owens, event co-chair and Hertz Account Service Representative. “I’ve always appreciated cars, and it’s rewarding to work with people who share that interest and enjoy bringing it to our customers.”

    The annual Hertz Employee Car Show and Meet the Fleet Event is one of several ways the company is engaging its employees and in its broader fleet strategy, which is focused on ensuring customers have access to newer vehicles equipped with the latest safety features, technology and comfort.

    Today, the majority of Hertz’s fleet is less than a year old, reinforcing the company’s commitment to offering a modern, well-maintained fleet while also giving employees firsthand exposure to the vehicles they rent to customers every day.

     

    About Hertz
    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

     

  • Thousands of Golden Retrievers to Gather in Golden, Colo. for Goldens in Golden, February 7, 2026

    Thousands of Golden Retrievers to Gather in Golden, Colo. for Goldens in Golden, February 7, 2026

    Hertz Gold Squad joins as first-ever presenting sponsor; beloved event to debut dog-friendly shuttles, new programming, and major enhancements 

    Golden, Colo., Feb. 2, 2026 – Goldens in Golden, the world’s largest unofficial gathering of Golden Retrievers – arguably the happiest day of the year – returns to Golden, Colorado on Saturday, February 7, 2026, from 9 a.m. to 1 p.m. 

    In response to the event’s continued growth and popularity, 2026 brings the most significant slate of improvements to date, designed to enhance comfort, mitigate traffic, and improve crowd flow. Enhancements are in large part made possible by the addition of event sponsors, including Hertz, one of the world’s largest rental car companies, as the first‑ever presenting sponsor.

    “Goldens in Golden is a signature winter event that highlights the City of Golden, local businesses, and community pride,” said Meredith Ritchie, City of Golden engagement & communications director. “This year’s expanded footprint, shuttles, and added programming are designed to make the day even more enjoyable and comfortable for everyone—dogs, families, and our community. Since the first event in 2019, Goldens in Golden has grown remarkably fast, and we’re honored it’s become such a meaningful tradition for so many people and pups in our city and from around the country.”

    Hertz Brings the Gold Squad and New On‑Site Experiences
    As the event’s first official presenting sponsor, Hertz is helping support several enhancements to elevate comfort, convenience, and fun for both dogs and their humans – while preserving the hometown spirit that Goldens in Golden is known for.

    Hertz is bringing its elite team of highly trained Golden Retrievers to delight attendees throughout the event. The Hertz Gold Squad, which debuted in 2025, is on a mission to make travel feel golden. Goldens in Golden marks the Gold Squad’s first appearance of the year, and their journey to Golden, Colorado can be followed on Instagram and TikTok, featuring Pancake & Donut, Willy, Zebby, and Bowie.

    “Goldens in Golden celebrates the joy and connection that Golden Retrievers bring to people – and that’s exactly what our Hertz Gold Squad represents,” said Adnan Manzur, Senior Vice President, North America Customer Operations at Hertz. “Hertz is proud to support an event that brings people and pups together – many traveling from great distances – to enjoy this very special, feel‑good gathering.”

    Additionally, at the event, Hertz will host the Hertz Golden Pup Cup Café, offering Gold Squad photo ops and meet‑and‑greets, free pup cups for dogs and golden lattes for humans.           

    Major Enhancements Introduced; Signature Elements Remain
    New 2026 improvements designed to enhance the overall experience are thoughtfully blended with the signature elements of Goldens in Golden. Event goers will still have the opportunity to participate in official group photos under the Welcome Arch, mingle with fellow Goldens, share some doggy treats, and shop around. New enhancements include: 

    • Extended Event Hours – The event runs from 9 a.m. – 1 p.m., spanning four hours instead of two, to help disperse crowds and allow attendees to participate at a more relaxed pace. 
    • Dog-Friendly, Free Shuttles – Complimentary, dog-friendly shuttles will service off-site parking at The Splash at Fossil Trace, 3151 Illinois St, transporting participants (and their pups) to a drop off/pick-up station at 10th and Washington. Shuttles run from 8 a.m. – 3 p.m. More information can be found on Visit Golden’s Know Before You Go
    • Expanded Event Footprint + Double the Vendors – Two Vendor Villages will anchor opposite sides of the event footprint, improving flow while more than doubling the number of pet-focused vendors, nonprofits, and Golden businesses. Additional Golden food trucks and restaurant stalls will provide more outdoor dining options.
    • New Programming and Event Staging Areas – New activities, entertainment and specialty meet-ups will take place in three distinct locations: Parfet Park at 10th and Washington; in the Pup Up Tent at 13th and Arapahoe; and under the Welcome Arch on Washington Avenue between 11th and 12th. See one paw-ty of a program schedule with contests, a fashion show, influencer panels and special meet ups for puppies, senior dogs and more, here.

    Citywide Weekend Activities
    Golden businesses are offering pet-friendly specials, Golden-themed treats, pop-up events, and all kinds of fluff-friendly fun throughout the weekend. Goldens in Golden was created to help Golden merchants and support visitation during the town’s slowest time of year. Check out merchant offerings on doggie pupcakes, pet portraits, specialty drinks, custom dog hats, bandanas and more, here. 

    Help Golden Count People + Pups – RSVP Appreciated
    Visit Golden is collecting a headcount of how many people and goldens will be attending the event and where everyone is traveling from. Participants are asked to RSVP at this link to help the City plan for an extra-golden day. We’ve already received RSVPs from more than 40 states!

    About Hertz
    Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. For more information about Hertz, visit www.hertz.com.

    About Visit Golden
    Visit Golden is the tourism and visitor marketing program for the City of Golden, Colo. The program promotes sustainable visitation and community vitality through thoughtful initiatives that support local business and highlight Golden’s unique charm.