---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-23-000104"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:35:46.114151+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hertz Q2 2023 revenue $2.4B (+4% YoY), net income $139M vs $520M last year, adj EBITDA $347M

## Summary
- GAAP net income of $139M ($0.44 diluted EPS); adjusted net income $227M ($0.72 adjusted diluted EPS).
- Adjusted Corporate EBITDA $347M (14% margin), down 55% YoY from $764M.
- Fleet depreciation surged to $329M from $106M last year, pressuring earnings.
- Revenue grew 4% to $2.4B; vehicle utilization improved to 82% from 79%.
- Repurchased 6.3M common shares for $100M during quarter; liquidity $1.4B at June 30.

## SEC filing metadata
- accession: 0001657853-23-000104
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1657853/000165785323000104/0001657853-23-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785323000104/htz-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-23-000104
- JSON: https://secwatch.observer/filing/0001657853-23-000104.json
- Plain text: https://secwatch.observer/filing/0001657853-23-000104.txt

## Key facts
- Earnings Releases
  HERTZ GLOBAL HOLDINGS, INC reported Q2 2023 results: revenue $2.4 billion, net income $139 million, EPS $0.44 per diluted share.
  - Period: Q2 2023
  - Revenue: $2.4 billion
  - Net income: $139 million
  - EPS: $0.44 per diluted share
  - Result: reported results
  source text: HIGHLIGHTS • Total revenues of $2.4 billion • GAAP net income of $139 million, a 6% margin, or $0.44 per diluted share • Adjusted Net Income of $227 million, or $0.72 per adjusted diluted share • Adjusted Corporate EBITDA of $347 million, a 14% margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000165785323000104/0001657853-23-000104-index.htm

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