What were the total revenues for Budget in 2024?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Americas | $ 9,111 | $ 9,347 | $ 9,474 | |||||
| Europe, Middle East and Africa | 2,045 | 2,014 | 1,927 | |||||
| Asia and Australasia | 633 | 647 | 593 | |||||
| Total revenues | $ 11,789 | $ 12,008 | $ 11,994 |
The following
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the total revenues for Budget in 2024 were $4,271 million. This figure is part of a larger table comparing the revenues of Avis, Budget, and other related sources for the years 2022, 2023, and 2024. This information is crucial for prospective franchisees as it provides a snapshot of Budget's financial performance over the past three years.
Analyzing the trend, Budget's revenues have decreased from $4,701 million in 2022 to $4,478 million in 2023, and further to $4,271 million in 2024. This downward trend might be a point of concern for potential franchisees, indicating a need to investigate the reasons behind the decline. Understanding the factors contributing to this decrease, such as market conditions, competition, or internal operational changes, is essential for making an informed investment decision.
It's important to note that these revenue figures represent the overall performance of the Budget brand and not necessarily the revenue of an individual franchise location. Prospective franchisees should also consider other financial metrics and factors, such as expenses, profitability, and the specific terms of the franchise agreement, to assess the potential financial viability of owning a Budget franchise. Consulting with financial advisors and conducting thorough due diligence is highly recommended.