---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-23-000040"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:58:48.412739+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hertz reports Q4 revenue $2.0B (+4% YoY); record FY 2022 net income of $2.1B; adjusted EBITDA $2.3B

## Summary
- Q4 revenue $2.0B (+4% YoY); GAAP net income $116M, adjusted EPS $0.50.
- Full-year 2022 record net income $2.1B ($3.36 diluted EPS); record adjusted EBITDA $2.3B (27% margin).
- Depreciation per unit per month rose to $244 in Q4 from $55 in Q4 2021, reflecting normalized fleet costs.
- Company repurchased 128M shares in 2022 (28.5% reduction); $1.1B remaining under authorization.
- Corporate liquidity $2.5B at Dec 31; operating cash flow $277M in Q4, adjusted free cash flow $424M.

## SEC filing metadata
- accession: 0001657853-23-000040
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000165785323000040/0001657853-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785323000040/htz-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-23-000040
- JSON: https://secwatch.observer/filing/0001657853-23-000040.json
- Plain text: https://secwatch.observer/filing/0001657853-23-000040.txt

## Key facts
- Earnings Releases
  HERTZ GLOBAL HOLDINGS, INC reported fourth quarter 2022 results: revenue $2.0 billion, net income $116 million, EPS $(0.01) per diluted share.
  - Period: fourth quarter 2022
  - Revenue: $2.0 billion
  - Net income: $116 million
  - EPS: $(0.01) per diluted share
  - Result: reported results
  source text: ("Hertz", "Hertz Global" or the "Company") today reported results for its fourth quarter and full year 2022. For the fourth quarter 2022, the Company generated total revenues of $2.0 billion, up 4% from the fourth quarter of 2021, and up 7% on a constant currency basis. RPD and RPU were at fourth quarter record levels and volume was up 3% led by post-pandemic demand
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000165785323000040/0001657853-23-000040-index.htm
- Earnings Releases
  HERTZ GLOBAL HOLDINGS, INC reported full year 2022 results: revenue $8.7 billion, net income $2.1 billion, EPS $3.36 per diluted share.
  - Period: full year 2022
  - Revenue: $8.7 billion
  - Net income: $2.1 billion
  - EPS: $3.36 per diluted share
  - Result: reported results
  source text: EBITDA of $309 million, a 15% margin • Operating cash flow of $277 million • Adj. operating cash flow of $156 million; adj. free cash flow of $424 million FY 2022 • Revenue of $8.7 billion • Record GAAP net income of $2.1 billion, or $3.36 per diluted share • Record adjusted net income of $1.5 billion, or $3.74 per diluted share • Record Adjusted Corporate EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000165785323000040/0001657853-23-000040-index.htm

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