ZIP on NYSE

Zipcar

Logo: Zipcar Press Center Online Media Kit : Artwork for Media – Logos, Non-free logo, via Wikipedia4

American car-sharing brand

Zipcar is an American car-sharing company and a subsidiary of Avis Budget Group. Zipcar gives members access to book cars nearby by the hour or day.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

$449.0MRevenue, fiscal 20255
-$33.0MNet income, fiscal 20255
2000Founded1

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  • TickerZIP on NYSE1
  • Industrycarsharing1
  • HeadquartersBoston1
  • Founded inCambridge1
  • Websitewww.zipcar.com
  • Legal formpublic company1
  • Incorporated inDE6
  • Business address3000 Ocean Park Blvd., Suite 3000, Santa Monica, Ca 904056
  • Filer categoryAccelerated filer6
Charging stations in SF City Hall 02 2009 02
Photo: Felix Kramer (CalCars). Image retouched with Photoshop and uploaded by User:Mariordo, CC BY-SA 2.0, via Wikimedia Commons8

Zipcar is an American car-sharing company and a subsidiary of Avis Budget Group. Zipcar gives members access to book cars nearby by the hour or day. Members may have to pay a monthly or annual membership fee in addition to car reservations charges. Gas, maintenance, insurance options, and a dedicated parking spot are included. Zipcar was founded in 2000 by Antje Danielson and Robin Chase.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

89.2%Gross margin5
-4.3%Operating margin5
-7.3%Net margin5
-5.3%Revenue growth, 20255
$9.9MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

License brought in 77% of the revenue Zipcar broke down this way in fiscal 2025.

  1. License$345.2M577%down 7% from 2024
  2. Service$103.8M523%down 0% from 2024
Products and services by year
Products and services202320242025
License$508.4M$369.8M$345.2M
Service$137.3M$104.2M$103.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue11¢$48.3M
  • Research and development28¢$124.6M
  • Other costs61¢$273.7M
  • Income tax1¢$2.4M

Out of $449.0M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$1.1M
  • Share buybacks99¢$102.1M

Out of $11.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue91011125$449.0M in 2025+5% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $429.6M$429.6M20192020: $418.1M$418.1M2020−3%2021: $741.1M$741.1M2021+77%2022: $904.6M$904.6M2022+22%2023: $645.7M$645.7M2023−29%2024: $474.0M$474.0M2024−27%2025: $449.0M$449.0M2025−5%
Gross profit91011125$400.7M in 2025+7% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $374.8M$374.8M20192020: $364.0M$364.0M2020−3%2021: $661.5M$661.5M2021+82%2022: $818.4M$818.4M2022+24%2023: $581.4M$581.4M2023−29%2024: $423.9M$423.9M2024−27%2025: $400.7M$400.7M2025−5%
Operating income91011125-$19.4M in 2025+206% since 2019
-$50.0M0$50.0M$100.0M2019: -$6.3M-$6.3M20192020: $64.4M$64.4M20202021: -$8.4M-$8.4M20212022: $97.2M$97.2M20222023: $79.4M$79.4M2023−18%2024: $1.3M$1.3M2024−98%2025: -$19.4M-$19.4M2025
Net income91011125-$33.0M in 2025+420% since 2019
-$50.0M0$50.0M$100.0M2019: -$6.3M-$6.3M20192020: $86.0M$86.0M20202021: $3.6M$3.6M2021−96%2022: $61.5M$61.5M2022+1608%2023: $49.1M$49.1M2023−20%2024: -$12.9M-$12.9M20242025: -$33.0M-$33.0M2025+157%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Revenue$449.0M$474.0M$645.7M
Cost of revenue$48.3M$50.1M$64.3M
Gross profit$400.7M$423.9M$581.4M
Sales and marketing$227.9M$215.8M$265.3M
Research and development$124.6M$134.8M$141.8M
General and administrative$67.6M$72.0M$94.9M
Total operating expenses$420.0M$422.6M$502.0M
Income (loss) from operations-$19.4M$1.3M$79.4M
Interest expense-$29.6M-$29.6M-$29.4M
Other income (expense), net$18.4M$21.8M$20.5M
Total other income (expense), net-$11.3M-$7.8M-$8.9M
Income (loss) before income taxes-$30.6M-$6.5M$70.5M
Income tax expense$2.4M$6.4M$21.5M
Net income (loss)-$33.0M-$12.9M$49.1M
Basic (in dollars per share)-$0.37-$0.13$0.49
Diluted (in dollars per share)-$0.37-$0.13$0.46
Basic (in shares)89.9M shares98.6M shares100.7M shares
Diluted (in shares)89.9M shares98.6M shares105.8M shares

Compare Zipcar with another company

The story

Founded by Robin Chase in 2000, in Cambridge.1

Zipcar was co-founded by Antje Danielson and Robin Chase based on German and Swiss company precedents in January 2000. In June 2000, the first Zipcars hit the road around Boston, Massachusetts. In January 2001, Danielson was fired after Chase petitioned Zipcar's board for the ability to make hiring and firing decisions without consulting them.

In September 2001, the Washington, D.C. office opened, with the branch in New York City following in February 2002. In February 2003, after difficulties in securing additional rounds of funding, the Zipcar board replaced Robin Chase as CEO with Scott Griffith. In July 2005, Zipcar secured $10 million in funding led by Benchmark Capital. In August 2005, San Francisco office opened. In May 2006, the Toronto office opened. In May 2006, General Electric's Commercial Finance Fleet Services (NYSE: GE) gave Zipcar $20 million in lease line financing. In September 2006, the Toronto market was named the fastest growing new market in company history.

In November 2006, the London office opened. In April 2007, the Vancouver office opened. In October 2007, Zipcar and Flexcar executives announced a merger of the two companies, with the Zipcar brand and headquarters replacing that of Flexcar.

On January 23, 2008, the merged Zipcar/Flexcar canceled service for the Southern California cities of Los Angeles and San Diego without providing advance notice to customers in those areas, although Southern California college operations were left intact. On July 11, 2008, Zipcar announced it doubled membership in past year, including the Flexcar members it acquired, and now had 225,000 members. On August 28, 2008, Rice University announced its introduction into the program in their goal of achieving the lowest possible carbon footprint while providing additional transportation options for employees that carpool. In June 2009, the company announced an iPhone application at the Apple World Wide Developer Conference; the application is capable of honking the horn and unlocking some Zipcars.

Following impressive third-quarter results, previous CEO Scott Griffith announced that 2012 would mark Zipcar's "first full year of profitability on a US GAAP basis". Scott Griffith stepped down on March 15, 2013, following Avis Budget Group's acquisition of Zipcar. Mark Norman remained as president until February 2014, when Avis Budget Group announced that Kaye Ceille was appointed president of Zipcar, and "Mark Norman would step down in order to pursue another career opportunity." In July 2016, Kay Ceille stepped down as president of Zipcar to become the managing director of Avis Budget Group International, Australia. On January 5, 2017, Zipcar announced that after a 6-month search they appointed Tracey Zhen as its new president. Zhen came over from TripAdvisor where she had been a vice president and general manager.

Zipcar saw a significant swing in demand during the COVID-19 pandemic, with a falloff in demand in March 2020 and a surge in May. Having taken cars off the road, the company had trouble keeping up with demand, causing a backlog at the customer service center. Some customers arrived at the time of their reservation to find no car in the parking spot. Some customers reported being stranded without transportation and unable to reach customer service to complain or cancel their membership. President Tracey Zhen apologized in June, saying the company was adding cars and customer service employees. By that month, she reported membership applications in New York City 70% above June 2019. An anonymous employee told CNN that the problems were exacerbated by laying off more than 20% of its employees, and changing call centers.

On September 27, 2022, Zipcar announced Angelo Adams as its new head of Zipcar.

On December 1, 2025, Zipcar sent an email to its members announcing that it is proposing to cease its UK operations, with service suspended from the start of January 2026 pending the outcome of its employee redundancy consultation.

From Wikipedia’s article on Zipcar, shared under CC BY-SA 4.0.7

Leadership

Who has led Zipcar, and when. Pick a name to see everywhere that person has worked.

Products and brands

University, organization and business partnerships

Zipcar launched its Zipcar for Business program in early 2004 to provide companies with discounts on Monday-Friday driving. Since the launch of the program, Zipcar has signed 10,000 small, medium, and large sized businesses, as companies are increasingly adopting Zipcar's on demand car rental model as a cost-saving alternative for employee travel. Zipcar has partnered with over 600 colleges and universities across North America.

Zipcar fleet

Zipcar offers more than 50 makes and models of vehicles. Each vehicle has a home location: a reserved parking space located on a street, driveway, or neighborhood parking lot in the member's area, to which it must be returned at the end of the reservation. The locations of all Zipcars and models available at those locations are available at the Zipcar website. Zipcar currently (2019) has a fleet of 12,000+ vehicles. The makes and models of Zipcar vehicles available vary by location (for example, on college campuses, most Zipcar vehicles are economy, hybrid, and full-size cars), though members are able to choose the exact make and model of vehicle they wish from the list of available vehicles online or in the Zipcar smartphone application.

Most Zipcar vehicles will feature decals with the Zipcar logo. Each vehicle has a "name" that help the renter to identify their specific vehicle. Zipcar offers vehicles in different categories, such as economy cars, electric vehicles (EV's), hybrid vehicles, full-size cars, luxury vehicles (such as those from Audi, BMW, Mercedes-Benz, and other luxury manufacturers), SUV's, pickup trucks, and cargo vans. A Zipcar vehicle will not unlock for the renter until their exact reservation time. Renters unlock their vehicle (both at the beginning of the reservation and throughout the rental) by either holding their Zipcar membership Radio Frequency Identification RFID card or smartphone against the upper corner of the vehicle's windshield. The vehicle's keys are always tied to the steering column of the vehicle, and stay inside the vehicle at all times. A Zipcar "Copilot" guide is located in the driver's side sun visor, and includes a complimentary refueling card (gasoline card), insurance information, the vehicle registration card, and information about both the vehicle, as well as rental policies and procedures.

Embedded technologies

Zipcars have RFID readers located on the windshield that communicates with the card to lock and unlock the doors of the vehicle. Each vehicle records hours of usage and mileage, which is uploaded to a central computer via a wireless data link. The location of the vehicles is not tracked during a reservation for privacy reasons but is trackable, and all cars are equipped with a "kill" function that allows the company to prevent the car from starting in the event of theft. Zipcar also offers the embedded Information Technologies it has installed in its fleet as a fleet optimization service through its FastFleet service.

Read the full text

During a rental, a Zipcar member can interface with their rented vehicle using the Zipcar smartphone app, which includes the ability to locate the vehicle in a parking lot (including GPS location and the ability to sound the vehicle's horn and flash the lights) and unlock or lock the vehicle.

Clean fuel vehicles

Among its fleet of fuel-efficient vehicles, and through an agreement between Honda and Zipcar, the program offers clean fuel and low-emission vehicles that include the Insight hybrid, Civic Hybrid, and Honda Fit EV all-electric car. Vehicles such as the Toyota Prius are also available.

Zipcar Flex

In the United Kingdom, some vehicles are branded "Zipcar Flex" which means that they can be left anywhere within a designated zone, rather than in a specific parking space. The remaining vehicles are branded "Zipcar Roundtrip".

Sedan

Chevrolet Malibu

Ford Fiesta

Ford Focus

Honda Civic

Honda Fit

Hyundai Elantra

Kia Forte

Nissan Sentra

Subaru Impreza

Toyota Corolla

Volkswagen Jetta

Hatchback

Ford Fiesta

Honda Civic

Kia Soul

Mazda3

Subaru Impreza

Volkswagen Golf

Luxury

BMW X3

Mercedes-Benz C-Class

Mercedes-Benz GLC

SUV

Ford Edge

Ford Escape

Honda CR-V

Honda HR-V

Hyundai Santa Fe

Jeep Wrangler

Kia Sorento

Kia Sportage

Mazda CX-5

Mitsubishi Outlander

Nissan Rogue

Subaru Crosstrek

Toyota 4Runner

Toyota RAV4

Pickup truck

Nissan Frontier

Minivan

Dodge Grand Caravan

Honda Odyssey

Toyota Sienna

Cargo van

Ford Transit

From Wikipedia’s article on Zipcar, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Parent company

From Wikidata.1

Acquisitions

  1. 2007Acquired Flexcar1

Timeline

  1. 2000Founded Founded in Cambridge1

Recent filings

  1. Oct 5, 20264
  2. Sep 28, 20264
  3. Sep 22, 20264
  4. Sep 22, 20264
  5. Sep 22, 20264
  6. Sep 21, 2026144
  7. Sep 18, 2026144
  8. Sep 18, 2026144
  9. Sep 16, 20264
  10. Sep 16, 20264
  11. Sep 16, 20264
  12. Sep 16, 20264
  13. Sep 16, 20264
  14. Sep 16, 20264
  15. Aug 26, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2