Hertz Global Holdings (HTZ) Operating Expenses (2015 - 2026)
Hertz Global Holdings (HTZ) reported Operating Expenses of $2.33 billion for Q2 2026, down 7.0% from $2.5 billion a year earlier but up 0.7% from the prior quarter.
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Analysis
Hertz Global Holdings (HTZ) Operating Expenses (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hertz Global Holdings' Operating Expenses came in at $9.13 billion, down 21.6% year-over-year; for FY2025, it came in at $9.33 billion, down 24.0% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- By year, Operating Expenses came in at $12.29 billion in FY2024 (+35.2%), $9.09 billion in FY2023 (+45.7%), $6.24 billion in FY2022 (-6.3%) and $6.65 billion in FY2021 (-9.0%).
- Five-year quarterly Operating Expenses spans a low of $1.23 billion in Q2 2022 and a high of $4.2 billion in Q3 2024.
- Year over year, Operating Expenses has now declined in each of the last seven quarters, with growth averaging 0.1% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q2 2022 (growth of 325.3%); the low point was Q3 2025 (a decline of 46.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.31 billion (Q1 2026), $2.25 billion (Q4 2025) and $2.24 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 107.27 Bn | 105.32 Bn | 1.55 Bn | 5.84 Bn |
| 2 | Hilton Worldwide Holdings | 82.74 Bn | 79.19 Bn | 3.08 Bn | 2.48 Bn |
| 3 | Royal Caribbean Cruises | 77.62 Bn | 74.98 Bn | 2.29 Bn | 513.00 Mn |
| 4 | Viking Holdings | 38.56 Bn | 23.68 Bn | 996.62 Mn | 268.67 Mn |
| 5 | Carnival | 37.34 Bn | 30.52 Bn | - | 4.63 Bn |
| 6 | Intercontinental Hotels | 26.48 Bn | 22.45 Bn | - | - |
| 7 | Trip.com | 25.71 Bn | -19.29 Bn | 1.84 Bn | -1.49 Bn |
| 8 | Hyatt Hotels | 16.87 Bn | 14.03 Bn | 388.00 Mn | 1.70 Bn |
| 9 | H World | 13.99 Bn | 5.40 Bn | 453.94 Mn | -753.00 Mn |
| 10 | Hertz Global Holdings | 611.81 Mn | -4.63 Bn | 942.00 Mn | 2.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.33 Bn |
| Mar 31, 2026 | 2.31 Bn |
| Dec 31, 2025 | 2.25 Bn |
| Sep 30, 2025 | 2.24 Bn |
| Jun 30, 2025 | 2.50 Bn |
| Mar 31, 2025 | 2.34 Bn |
| Dec 31, 2024 | 2.60 Bn |
| Sep 30, 2024 | 4.20 Bn |
| Jun 30, 2024 | 2.83 Bn |
| Mar 31, 2024 | 2.66 Bn |
| Dec 31, 2023 | 2.68 Bn |
| Sep 30, 2023 | 2.14 Bn |
| Jun 30, 2023 | 2.28 Bn |
| Mar 31, 2023 | 1.99 Bn |
| Dec 31, 2022 | 1.91 Bn |
| Sep 30, 2022 | 1.85 Bn |
| Jun 30, 2022 | 1.23 Bn |
| Mar 31, 2022 | 1.25 Bn |
| Dec 31, 2021 | 2.09 Bn |
| Sep 30, 2021 | 1.46 Bn |
API Access
Hertz Global Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HTZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HTZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HTZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();