HERTZ GLOBAL HOLDINGS, INC

Hertz Global Holdings, Inc. (NASDAQ: HTZ) operates as one of the world's largest vehicle rental companies through its primary operating subsidiary, The Hertz Corporation. The company maintains a global presence across approximately 160 countries and jurisdictions with roughly 11,000 company-operated and franchisee rental locations as of December 31, 2025. Hertz's website is located at www.hertz.com.

The company's core business centers on vehicle rental and leasing operations conducted primarily through three major brands: Hertz, Dollar, and Thrifty. These brands serve different market segments, with Hertz positioned as a premium offering, Dollar as a smart value option, and Thrifty as a deep value alternative. The company also operates Hertz Car Sales, which sells quality used vehicles online and at physical locations across the United States. Hertz generates revenue from daily, weekly, and monthly vehicle rentals, value-added services including insurance and equipment rentals, and ancillary offerings such as airport concession fees and vehicle sales.

The company operates two reportable segments: Americas RAC, serving the United States, Canada, Latin America, and the Caribbean, and International RAC, covering all other markets with substantial operations in Europe, Australia, and New Zealand. Off-airport revenues comprised 34 percent of worldwide vehicle rental revenues in 2025. The company maintains an extensive network of airport and off-airport locations, with approximately 2,000 and 2,600 airport and off-airport locations respectively in the Americas RAC segment, and approximately 1,500 and 4,800 in the International RAC segment.

As of December 31, 2025, Hertz employed approximately 26,000 full- and part-time employees, with roughly 21,000 in the United States and 5,000 internationally. The company operated a peak rental fleet of approximately 442,000 vehicles in the Americas RAC segment and 96,000 vehicles in the International RAC segment during 2025. The company's fleet composition includes vehicles from major manufacturers including General Motors, Ford, Toyota, Hyundai, and Stellantis. Hertz's competitive advantages include strong brand recognition, an extensive global network, fleet management expertise, and innovative customer service offerings including its Hertz Gold+ loyalty program, which accounted for approximately 33 percent of worldwide rental transactions in 2025.