Avis Budget Group

Avis Budget Group, Inc. (Avis Budget) operates two brands in the global vehicle rental industry through Avis and Budget. Avis is a rental car supplier positioned to serve the commercial and leisure segments of the travel industry and Budget is a rental car supplier focused primarily on more value-conscious segments of the industry. It operates in three segments: North America, consisting of its Avis and Budget car rental operations in the United States and its Avis and Budget vehicle rental operations in Canada; International, consisting of its Avis and Budget vehicle rental operations in Europe, the Middle East, Asia, Africa, South America, central America, the Caribbean, Australia and New Zealand, and Truck Rental, consisting of its Budget truck rental operations in the United States. On October 3, 2011, the Company acquired Avis Europe plc. In July 2013, Avis Budget Group Inc acquired Payless Car Rental.
Company Growth (employees)
Parsippany, US
Size (employees)
30,000 (est)
Avis Budget Group was founded in 1946 and is headquartered in Parsippany, US

Key People at Avis Budget Group

Mark Servodidio

Mark Servodidio

President, International
Larry De Shon

Larry De Shon

Chief Executive Officer and Chief Operating Officer
Scott Deaver

Scott Deaver

Executive Vice President and Chief Marketing Officer
Michael Tucker

Michael Tucker

Executive Vice President and General Counsel
Gerard Insall

Gerard Insall

Executive Vice President and Chief Information Officer
David Wyshner

David Wyshner

President and Chief Financial Officer

Avis Budget Group Office Locations

Avis Budget Group has an office in Parsippany
Parsippany, US (HQ)
6 Sylvan Way

Avis Budget Group Data and Metrics

Avis Budget Group Financial Metrics

Avis Budget Group's revenue was reported to be $8.7 b in FY, 2016 which is a 2% increase from the previous period.

Revenue (FY, 2016)

8.7 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

4.3 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

163 m

Market capitalization (17-Aug-2017)

2.5 b

Cash (31-Dec-2016)

490 m


5.2 b
Avis Budget Group's current market capitalization is $2.5 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


7.9 b8.5 b8.5 b8.7 b

Revenue growth, %


Cost of goods sold

4.1 b4.3 b4.3 b4.4 b

Gross profit

3.9 b4.2 b4.2 b4.3 b

Gross profit Margin, %


Pre tax profit

97 m392 m382 m279 m

Net Income

16 m245 m313 m163 m
USDY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016


482 m911 m534 m606 m693 m624 m452 m490 m

Current Assets

1.9 b1.8 b1.6 b1.8 b


614 m638 m681 m685 m


691 m842 m973 m1 b

Total Assets

16.3 b17 b17.6 b17.6 b

Accounts Payable

1.5 b1.5 b1.5 b1.5 b

Total Debt

3.3 b3.4 b3.4 b3.2 b

Current Liabilities

1.6 b1.5 b1.5 b1.8 b

Additional Paid-in Capital

7.9 b7.2 b7 b6.9 b

Retained Earnings

(2.4 b)(2.1 b)(1.8 b)(1.6 b)

Total Equity

439 m221 m

Debt to Equity Ratio

7.8 x14.7 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

40.2 x79.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16 m245 m313 m163 m

Accounts Payable

(28 m)(3 m)(79 m)(9 m)

Cash From Operating Activities

2.3 b2.6 b2.6 b2.6 b

Cash From Investing Activities

(2.2 b)(2.8 b)(2.8 b)(2.1 b)

Short-term Borrowings

(36 m)5 m(22 m)4 m

Cash From Financing Activities

76 m182 m115 m(438 m)

Income Taxes Paid

(14 m)37 m(18 m)5 m
USDY, 2016


2 x


288.6 k


14.7 x


0.2 x

Financial Leverage

79.8 x

Avis Budget Group Market Value History

Traffic Overview of Avis Budget Group

Avis Budget Group Online and Social Media Presence

Avis Budget Group News and Updates

Breakingviews: At Avis, a Poison Pill Against Creeping Control

The rental car company’s board took a defensive move against its biggest shareholder.

Carl Icahn Is ‘Excited’ About New Hertz CEO Kathryn Marinello

The activist investor is impressed with her track record.

Didi Chuxing, the ‘Uber of China’, partners with Avis to offer car rental services to millions of Chinese travelers

Chinese ride-hailing giant Didi Chuxing (“Didi”) and car rental behemoth Avis have announced a partnership that will give registered Didi users easy access to car rental services when traveling abroad. Available in 175 countries around the world, the tie-up will essentially allow Didi to continue to…

Itineraries: Thinking of Renting a Car in the Yucatán? Think Twice

Because national laws vary, the make of car you drive at home might not have the same safety features in many other countries.

The Haggler: A Bean Bag Blowout, and Then a Deafening Silence

PBTeen, a Pottery Barn brand, gives a customer the runaround after a bean bag chair insert bursts, and updates on Payless Car Rental and Premier Cru.

The Haggler: A Car Renter’s Costly Detour to Collection Center Drive

A Payless Car Rental customer who is charged for unwanted insurance disputes the charge on her credit card, leading to vague threats to pay up, or else.
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Avis Budget Group Company Life and Culture

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