FleetPartners Group (FPR) Q3 2026 TU earnings summary

Executive summary

• Achieved 8% year-to-date NBW growth compared to the prior corresponding period, with strong momentum in 3Q26.

• Strategy execution drove 6% AUMOF and 7% Core income growth year-to-date versus prior year.

• Maintained pricing discipline in a softer used vehicle market, prioritizing value over volume, which impacted EOL income and increased inventory.

• Upgraded FY26 NBW expectations to high-single-digit growth.

Financial highlights

• 3Q26 NBW growth of 8% year-to-date, with $246m written in the quarter.

• AUMOF grew 6% year-to-date and 1% sequentially from Mar-26.

• Core income increased 7% year-to-date.

• EOL profit per unit was $4,951 in 3Q26, impacted by lower disposal volumes.

• Operating expenses remained in line with expectations.

Outlook and guidance

• FY26 NBW guidance upgraded to high-single-digit growth.

• Core margin expected to remain stable with mid-single-digit AUMOF growth.

• EOL income anticipated to improve in 4Q26 but remain below 1Q26 and 2Q26 levels.

• Operating expenses for FY26 expected at $98.5–$99.5m, including Remunerator acquisition.

• Continued strong cash generation supports consistent shareholder distributions despite higher cash tax payments.