Willis Lease Finance Q1 Revenue Up 23.2%, EPS Soars 47.5%, Dividend Set at $0.40
WLFC•Willis Lease Finance posted Q1 revenue of $194.3 million, up 23.2% year-over-year, and diluted EPS of $3.26, up 47.5%. The company achieved record lease rent revenue of $77.4 million (+14.2%), record maintenance services revenue of $9.8 million (+74.9%), portfolio utilization of 85.8% and declared a $0.40 quarterly dividend.
1. First Quarter Financial Results
Willis Lease Finance reported total revenue of $194.3 million in Q1 2026, up 23.2% year-over-year, income from operations of $33.8 million (+41.4%) and diluted EPS of $3.26 (+47.5%). Adjusted EBITDA reached $123.8 million, a 19.9% increase over the prior year.
2. Lease Rent and Maintenance Records
The company achieved record lease rent revenue of $77.4 million, a 14.2% increase, and record maintenance services revenue of $9.8 million, a 74.9% increase, driven by strong demand for in-service engines and parts. Portfolio utilization improved to 85.8% at quarter end, up from 79.9%.
3. Equipment Sales and Partnership
A gain on sale of leased equipment totaled $18.0 million, reflecting the sale of 14 engines versus seven in Q1 2025, a 304.8% increase. In March 2026, the company’s investment fund partnership with Liberty Mutual Investments commenced operations to manage and expand its lease asset portfolio.
4. Dividend Declaration
Willis Lease Finance declared a $0.40 per share quarterly dividend for Q2 2026, payable on May 22 to shareholders of record as of May 11, underscoring confidence in cash flow stability and ongoing capital returns.
