What was the total revenue for Dollar Rent A Car's International RAC segment in 2023?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
| (In millions) | Americas RAC | International | Total |
|---|---|---|---|
| RAC | |||
| Revenues | $ 7,398 | $ 1,651 | $ 9,049 |
| Significant segment expenses: | |||
| Direct vehicle and operating | 4,726 | 971 | 5,697 |
| Depreciation of revenue earning vehicles and lease charges, net(1) | 3,198 | 413 | 3,611 |
| Selling, general and administrative | 482 | 244 | 726 |
| Other segment items(2) | 349 | (8) | 341 |
| Segment profit (loss): Adjusted EBITDA | $ (1,357) $ | 31 | $ (1,326) |
| Corporate(3) | (215) | ||
| Total Hertz Global and Hertz Adjusted EBITDA | (1,541) | ||
| Adjustments: | |||
| Non-vehicle depreciation and amortization | (139) | ||
| Non-vehicle debt interest, net | (375) | ||
| Vehicle debt-related charges(4) | (45) | ||
| Restructuring and restructuring related charges(5) | (66) | ||
| Unrealized gains (losses) on financial instruments(6) | (7) | ||
| Non-cash stock-based compensation forfeitures(7) | 64 | ||
| Bankruptcy-related litigation reserve(8) | (292) | ||
| Long-Lived Assets impairment(9) |
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to Dollar Rent A Car's 2025 Franchise Disclosure Document, the total revenue for the International RAC (Rental Car) segment in 2023 was $1,649 million. This figure represents the revenue generated specifically from Dollar Rent A Car's international rental car operations during that year. This number is important for prospective franchisees to understand the scale and performance of Dollar Rent A Car's international business.
For a potential franchisee, this revenue figure provides insight into the strength and market presence of Dollar Rent A Car outside of the Americas. It demonstrates the brand's ability to generate substantial income in international markets, which can be a key factor in assessing the overall stability and growth potential of the franchise system. A strong international segment may also indicate a well-established brand reputation and effective operational strategies that could be beneficial for franchisees in any location.
However, it's also important to consider the expenses associated with generating this revenue. The FDD also lists significant segment expenses for the International RAC segment, such as direct vehicle and operating expenses ($880 million), depreciation of revenue earning vehicles and lease charges ($264 million), and selling, general, and administrative expenses ($227 million). These expenses, when subtracted from the revenue, provide a clearer picture of the segment's profitability.
Therefore, while the $1,649 million revenue figure is impressive, prospective Dollar Rent A Car franchisees should also analyze the associated expenses and profit margins to gain a comprehensive understanding of the financial performance of the International RAC segment. This information, combined with other factors such as market trends and competitive landscape, will help them make an informed decision about investing in a Dollar Rent A Car franchise.