Hertz third quarter 2026 revenue of $2.6B meets estimates while fleet costs stabilize

Hertz reported third quarter 2026 revenue of $2.617 billion, effectively meeting analyst estimates of $2.62 billion, while GAAP EPS of $0.20 slightly missed the $0.21 expectation. Results were characterized by the strongest quarterly revenue and Adjusted Corporate EBITDA ($233 million) in three years, driven by an 8% pricing increase in the core U.S. rental business and stabilized fleet depreciation costs.

Key Highlights

• Net Depreciation per Unit (DPU) improved to $285 per month, beating the $290 estimate and landing at the low end of management's guided range.
• U.S. core business Revenue per Day (RPD) increased 8% year-over-year, marking the third consecutive quarter of sequential improvement.
• The U.S. core fleet average age reached nine months, representing the youngest fleet for the company in 12 years.
• Oro Mobility secured an $80 million strategic equity investment, establishing it as a standalone growth platform while Hertz retains majority ownership.