Avis Budget Group, Inc

Avis Budget Group operates globally, with brands and licensees in about 180 countries and a dense footprint at major airports and cities. Its direct operating base is split between the Americas and International markets, with 2,745 company-operated locations and 1,950 licensee locations across the Avis network as of year-end 2025. The company highlighted 2025 revenue of approximately $11.7 billion, with the Americas segment generating $2.621 billion in the third quarter and $6.860 billion in the first nine months of 2025. Geography matters because the business is exposed to regional travel demand, currency movements, local fleet economics and different regulatory and corporate-responsibility expectations, especially in Europe and North America.

The business is exposed to intense price competition, because rental demand can shift quickly and competitors can pressure rates or fleet supply. Its results are also highly sensitive to vehicle economics, including new-car pricing, used-car values, fleet age, depreciation and interest rates on vehicle financing. Management has identified macro risks such as inflation, wage and commodity pressure, travel demand weakness, tariffs, tax changes and geopolitical disruption, all of which can reduce utilization or raise costs. The company also faces cybersecurity and data-security risk because it handles customer payment and personal information across digital channels and third-party systems. Corporate responsibility and regulatory scrutiny, especially in Europe and California, can increase compliance costs and create reputational risk if disclosures or practices are challenged.