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of Contents](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWASHINGTON, D.C. 20549\n\n_______________________________________________________________________________\n\nFORM 10-Q\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended\nMarch 31, 2026\n\nOR\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from _________ to _________\n\nCommission File NumberExact Name of Registrant as Specified in its Charter,\nPrincipal Executive Office Address, Zip Code and Telephone NumberState of IncorporationI.R.S. Employer Identification No.\n\n001-37665HERTZ GLOBAL HOLDINGS, INC.Delaware61-1770902\n\n8501 Williams Road,Estero,Florida33928\n\n(239)301-7000\n\n001-07541\nTHE HERTZ CORPORATION\nDelaware13-1938568\n\n8501 Williams Road,Estero,Florida33928\n\n(239)301-7000\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nHertz Global Holdings, Inc.Common StockPar value $0.01 per shareHTZ\nThe Nasdaq Stock Market LLC\n\nHertz Global Holdings, Inc.Warrants to purchase Common StockEach exercisable for one share of Hertz Global Holdings, Inc. common stock at an exercise price of $13.61 per share, subject to adjustmentHTZWW\nThe Nasdaq Stock Market LLC\n\nThe Hertz CorporationNoneNoneNone\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.\n\nHertz Global Holdings, Inc.    Yes ☒ No ☐\n\nThe Hertz Corporation1    Yes ☐ No ☒\n\n1As a voluntary filer, The Hertz Corporation is not subject to the filing requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 (the \"Exchange Act\"). The Hertz Corporation has filed all reports pursuant to Section 13 or 15(d) of the Exchange Act during the preceding 12 months as if it was subject to such filing requirements.\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).\n\nHertz Global Holdings, Inc.    Yes ☒ No ☐\n\nThe Hertz Corporation    Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of \"large accelerated filer,\" \"accelerated filer,\" \"smaller reporting company\" and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nHertz Global Holdings, Inc.Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐\n\nSmaller reporting company ☐Emerging growth company☐\n\nIf an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐\n\nThe Hertz CorporationLarge accelerated filer ☐Accelerated filer ☐Non-accelerated filer☒\n\nSmaller reporting company ☐Emerging growth company☐\n\nIf an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).\n\nHertz Global Holdings, Inc.    Yes ☐ No ☒\n\nThe Hertz Corporation    Yes ☐ No ☒\n\nIndicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.    Yes ☒ No ☐\n\nIndicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.\n\nClassShares Outstanding as ofApril 30, 2026\n\nHertz Global Holdings, Inc.Common Stock,par value $0.01 per share315,764,523\n\nThe Hertz Corporation(1)\nCommon Stock,par value $0.01 per share100\n\n(1)(100% owned by\n\nRental Car Intermediate Holdings, LLC)\n\n[Table of Contents](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_7)\n\nHERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES\n\nTHE HERTZ CORPORATION AND SUBSIDIARIES\n\nTABLE OF CONTENTS\n\n  Page\n\n [PART I. FINANCIAL INFORMATION](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_10)\n \n\n[ITEM 1.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_13)\n\n[Condensed Consolidated Financial Statements (Unaudited)](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_13)\n\n[1](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_13)\n\n[ITEM 2.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_163)\n\n[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_163)\n\n[41](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_163)\n\n[Consolidated Results of Operations - Hertz](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_178)\n\n[45](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_178)\n\n[Results of Operations and Selected Operating Data by Segment](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_193)\n\n[47](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_193)\n\n[Liquidity and Capital Resources](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_214)\n\n[52](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_214)\n\n[ITEM 3.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_238)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_238)\n\n[62](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_238)\n\n[ITEM 4.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_241)\n\n[Controls and Procedures](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_241)\n\n[63](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_241)\n\n [PART II. OTHER INFORMATION](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_244)\n \n\n[ITEM 1.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_247)\n\n[Legal Proceedings](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_247)\n\n[64](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_247)\n\n[ITEM 1A.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_250)\n\n[Risk Factors](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_250)\n\n[64](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_250)\n\n[ITEM 2.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_253)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_253)\n\n[64](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_253)\n\n[ITEM 3.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_259)\n\n[Defaults Upon Senior Securities](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_259)\n\n[64](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_259)\n\n[ITEM 5.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_262)\n\n[Other Information](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_262)\n\n[64](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_262)\n\n[ITEM 6.](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_265)\n\n[Exhibits](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_265)\n\n[64](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_265)\n\n[EXHIBIT INDEX](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_268)\n\n[65](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_268)\n\n[SIGNATURE](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_271)\n\n[66](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_271)\n\n[Table of Contents](#i0b8a74d1fb9e4cd6bc6ef3f6d5f56e4b_7)\n\nHERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES\n\nTHE HERTZ CORPORATION AND SUBSIDIARIES\n\nPART I. FINANCIAL INFORMATION"}