What were Budget's total revenues for the year ended December 31, 2023?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
from our licensees and revenue related to our customer loyalty program, which were $246 million, $187 million, and $165 million for the years ended December 31, 2024, 2023 and 2022, respectively.
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Year Ended December 31
The following table presents our revenues disaggregated by geography:
| Year Ended December 31, |
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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 the year ended December 31, 2023, were $12,008. This figure represents the combined revenues from Budget's operations across the Americas, Europe, Middle East and Africa, and Asia and Australasia. The Americas generated $9,347 in revenue, while Europe, Middle East, and Africa accounted for $2,014, and Asia and Australasia contributed $647.
Breaking down the revenue further, the FDD also provides a split between revenues from the Americas and international sources. For 2023, the Americas contributed $9,347 to the total revenue, while international operations generated $2,661. This distinction can be helpful for prospective franchisees to understand the geographic distribution of Budget's revenue streams.
It's important to note that these revenue figures do not represent the net income or profit of Budget. The FDD includes additional financial statements that detail the expenses and costs associated with generating this revenue, ultimately leading to the net income or loss for the period. A prospective franchisee should carefully review all financial statements in the FDD to gain a comprehensive understanding of Budget's financial performance.