Hertz Global 2025 Q3 Earnings Record Turnaround with 113.8% Net Income Surge

Hertz Global (HTZ) reported fiscal 2025 Q3 earnings on Nov 5, 2025, delivering a sharp turnaround in profitability despite a 3.8% revenue decline. The company exceeded Wall Street expectations, . Guidance for Q4 revenue remains aligned with current demand trends, while the CEO reaffirmed confidence in maintaining adjusted EPS above $0.50 for 2026.

Revenue

Hertz’s revenue breakdown showed operating lease income from vehicle rentals at $2.23 billion, . , reflecting a 3.8% decline. , .

Earnings/Net Income

Hertz returned to profitability with EPS of $0.59 in Q3 2025, . , . The significant EPS rebound underscores Hertz’s effective cost management and operational turnaround.

Post-Earnings Price Action Review

Following the earnings report, , , reflecting strong investor confidence in the company’s recovery. The rally aligns with the company’s return to profitability and strategic focus on fleet optimization.

CEO Commentary

CEO highlighted Q3’s strong performance, driven by fleet expansion and improved utilization rates. He emphasized resilience amid macroeconomic challenges and outlined priorities: accelerating digital transformation, optimizing fleet costs, and expanding partnerships. Stone expressed cautious optimism, stating, “We remain focused on long-term value creation while navigating near-term uncertainties.”

Guidance

Hertz expects full-year 2025 revenue growth to align with current trends, with Q4 revenue reflecting sustained demand. The CEO reiterated confidence in maintaining adjusted EPS above $0.50 for 2026, supported by cost efficiencies and fleet optimization. Capital expenditures will prioritize high-impact technology and fleet modernization, targeting 8-10% of revenue.

Additional News

Recent developments include Hertz’s strategic focus on electric vehicle (EV) market opportunities and technological advancements. The CEO also announced a successful Rent2Buy program, . Challenges persist, however, including a 2% U.S. fleet recall and used car market pressures. The company plans to address these through disciplined fleet management and expanded mobility partnerships.

Key Financial Highlights:

• Adjusted EBITDA:

  .

• Fleet Utilization:

  , the highest since 2018.

• Liquidity:

  .

Hertz’s recovery reflects disciplined execution and strategic reinvention, positioning it to capitalize on evolving mobility trends.