Element Fleet Management Corp. had a remarkable year in 2025, achieving record performance with net revenue of $1.2 billion, an increase of 9% from the previous year. The company also reported adjusted earnings per share (EPS) of $1.24, a 13% rise, and adjusted free cash flow per share of $1.57, up by 15%. In addition, Element repurchased 5.4 million shares and raised its annual dividend by 15% to $0.60.
Looking ahead to 2026, Element Fleet Management Corp. provided guidance for net revenue between $1.28 billion and $1.305 billion, originations ranging from $6.5 billion to $6.9 billion, adjusted operating income of $720 million to $745 million, and adjusted EPS of $1.40 to $1.45. The company also expects adjusted free cash flow per share to be in the range of $1.67 to $1.72.
Technology and mobility remain key priorities for Element Fleet Management Corp. The company has been focusing on integrating the Autofleet platform, launching the Element ONE app, and increasing the number of electric vehicles (EVs) under management, which saw a 36% increase to approximately 129,000 vehicles. Element Fleet Management Corp. also acquired Car IQ, adding in-vehicle payments capabilities to its offerings.
CEO Laura Dottori-Attanasio highlighted the company’s strong client activity in 2025, with the addition of 156 new clients and over 1,000 expansions with existing clients. The strategic advisory services team identified over $1.6 billion in potential client fleet cost savings opportunities, with half already implemented.
Chief Financial Officer Heath reported that Element Fleet Management Corp. saw revenue growth across all streams in 2025. Services revenue increased by 5% to $623 million, while net financing revenue rose by 11% to $498 million. Despite a reduction in syndicated assets, syndication revenue grew by 50% to $64 million.
Originations in 2025 totaled $6.5 billion, slightly lower than previous guidance due to seasonal factors. However, the company noted strong demand, with record order volumes in the fourth quarter providing visibility into originations for the first half of 2026.
Element Fleet Management Corp. also discussed its technology initiatives, including the Dublin leasing program, electrification efforts, and the acquisition of Car IQ. The company aims to leverage these initiatives to drive growth and enhance client offerings.
In conclusion, Element Fleet Management Corp. had a strong performance in 2025, setting the stage for continued growth and innovation in 2026. With a focus on technology, mobility, and client partnerships, the company is well-positioned to capitalize on opportunities in the fleet management industry.
