According to Budget's 2025 Franchise Disclosure Document, the company's net income for the year ended December 31, 2023, was $1,635 million. This figure represents the overall profitability of Budget's operations during that year, before accounting for non-controlling interests.

For a prospective franchisee, this indicates Budget's financial health and stability. A positive net income suggests that the company is generating more revenue than it is spending, which can be a good sign for the long-term viability of the franchise system. Franchisees typically want to associate with a financially sound franchisor.

However, it is important to consider this figure in the context of Budget's overall financial performance, including its revenues, expenses, assets, and liabilities. Reviewing several years of financial statements, as provided in the FDD, will give a more complete picture of Budget's financial trends. Additionally, prospective franchisees should compare Budget's financial performance to that of other companies in the car rental industry to assess its relative strengths and weaknesses.

It is also worth noting that the net income attributable to Avis Budget Group, Inc., which is Budget's parent company, was $1,632 million for 2023. The difference between this figure and the overall net income is due to the net income attributable to non-controlling interests, which was $3 million. Franchisees should understand the relationship between Budget and its parent company and how this relationship may impact their franchise operations.