---
schema_version: "secwatch.filing_event.v1"
accession: "0000723612-22-000049"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T22:06:56.071358+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Q3 revenue $3.5B (+18% YoY), record net income $1.0B and Adjusted EBITDA $1.5B

## Summary
- Revenue $3.5B, up 18% vs Q3 2021 and 29% vs Q3 2019; all-time quarterly record.
- Net income $1.0B and Adjusted EBITDA $1.5B, both best quarterly results in company history.
- Americas Adjusted EBITDA $1.2B, International $291M; each a regional quarterly record.
- Liquidity ~$1.7B with $2.6B fleet funding capacity; no material debt maturities until 2024.
- QuickPass deployed at all major U.S. airports; EV infrastructure investments continuing.

## SEC filing metadata
- accession: 0000723612-22-000049
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000072361222000049/0000723612-22-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000072361222000049/car-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723612-22-000049
- JSON: https://secwatch.observer/filing/0000723612-22-000049.json
- Plain text: https://secwatch.observer/filing/0000723612-22-000049.txt

## Key facts
- Earnings Releases
  AVIS BUDGET GROUP, INC. reported third quarter 2022 results: revenue $3.5 billion, net income $1.0 billion.
  - Period: third quarter 2022
  - Revenue: $3.5 billion
  - Net income: $1.0 billion
  - Result: reported results
  source text: We ended the quarter with revenues 18% above third quarter 2021, at $3.5 billion, a new quarterly revenue record, surpassing our second quarter 2022 record, driven by continued strong demand and increased revenue per day. Net income w as $1.0 billion and our Adjusted EBITDA was $1.5 billion , our best quarterly net income and Adjusted EBITDA in our history.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000072361222000049/0000723612-22-000049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.