Hertz's second quarter revenue grew 10% to $2.4B, beating estimates and returning to GAAP profitability.

Hertz Global Holdings reported second quarter revenue of $2.4 billion, a 10% increase year-over-year, driven by strong pricing. The company posted a GAAP net income of $64 million, or $0.05 per diluted share, a significant improvement from a net loss of $294 million in the prior-year period.

Key Highlights

• Revenue per Day (RPD) increased 9% year-over-year to $61.98, reflecting continued strength in pricing.
• Adjusted Corporate EBITDA was $81 million, a $63 million improvement from the second quarter of 2025 and above the top end of revised guidance.
• Monthly Net Depreciation Per Unit (DPU) came in at $302, consistent with the company's revised guidance and a key focus for investors.
• Total vehicle utilization was 79%, an 80-basis-point increase year-over-year, despite significant headwinds from vehicle recalls.