Business
Hertz Announces Q1 2026 Results, Strongest Revenue Growth in Three Years
ESTERO, Fla., May 07, 2026--Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz," "Hertz Global," or the "Company") today reported results for its first quarter 2026.
About this update from Hertz Global Holdings, Inc
[{"type":"text","content":"With the launch of Oro Mobility, Hertz expands into new mobility channels and advances its platform for growth","length":110,"tagName":"p","attribs":{}},{"type":"text","content":""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."","length":445,"tagName":"p"},{"type":"text","content":"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."","length":560,"tagName":"p"},{"type":"text","content":"ESTERO, Fla., May 07, 2026--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz," "Hertz Global," or the "Company") today reported results for its first quarter 2026.","length":211,"tagName":"p"},{"type":"text","content":"Q1 2026 HIGHLIGHTS","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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.","length":200,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"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.","length":202,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"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 E...