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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.00B | $2.53B | $2.66B | $3.52B | $3.04B | $2.43B | $2.71B | $3.48B |
| Cost of revenue | $0 | $664.00M | $3.02B | $0 | $0 | $1.06B | $2.98B | $0 |
| Gross profit | $3.00B | $1.87B | −$351.00M | $3.52B | $3.04B | $1.38B | −$266.00M | $3.48B |
| Gross margin | 100.0% | 73.8% | -13.2% | 100.0% | 100.0% | 56.6% | -9.8% | 100.0% |
| Selling, general and administrative | $385.00M | $341.00M | $321.00M | $422.00M | $396.00M | $308.00M | $312.00M | $367.00M |
| Operating expenses | $2.80B | $2.09B | −$258.00M | $2.93B | $2.91B | $1.96B | −$11.00M | $3.05B |
| Operating income | $194.00M | −$225.00M | −$93.00M | $587.00M | $133.00M | −$580.00M | −$255.00M | $427.00M |
| Operating margin | 6.5% | -8.9% | -3.5% | 16.7% | 4.4% | -23.9% | -9.4% | 12.3% |
| EBITDA | $895.00M | $518.00M | $633.00M | $800.00M | $909.00M | $191.00M | $537.00M | $681.00M |
| Interest expense | −$108.00M | −$109.00M | −$106.00M | −$109.00M | −$110.00M | −$97.00M | −$92.00M | −$95.00M |
| Income before taxes | $73.00M | −$340.00M | −$740.00M | $473.00M | $15.00M | −$677.00M | −$2.84B | $329.00M |
| Income taxes | $10.00M | −$106.00M | $116.00M | $113.00M | $10.00M | −$173.00M | −$884.00M | $91.00M |
| Net income | $63.00M | −$234.00M | −$856.00M | $360.00M | $5.00M | −$504.00M | −$1.96B | $238.00M |
| Net margin | 2.1% | -9.2% | -32.1% | 10.2% | 0.2% | -20.7% | -72.2% | 6.8% |
| EPS, basic | $1.00 | −$8.01 | −$21.22 | $10.22 | $0.10 | −$14.35 | −$55.47 | $6.67 |
| EPS, diluted | $0.98 | −$8.01 | −$21.53 | $10.11 | $0.10 | −$14.35 | −$55.94 | $6.65 |
| Diluted shares | 35.70M | 35.30M | 34.70M | 35.50M | 35.40M | 35.20M | 35.00M | 35.70M |
Figures describe Avis Budget shares, not any token. As of Jul 29, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.