North America was Powerfleet’s largest region in fiscal 2026, bringing in $159.34M of $443.78M (36%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | $74.67M | $18.09M | $121.62M | $159.34M | ||||||
| United States | — | — | — | — | ||||||
| Africa | $3.28M | $863.00K | $97.59M | $109.70M | ||||||
| Israel | $41.69M | $11.27M | $49.56M | $58.39M | ||||||
| Australia | — | — | $30.96M | $42.96M | ||||||
| Europe & Middle East | $1.91M | $1.02M | $43.19M | $51.09M | ||||||
| Other | $12.19M | $2.50M | $19.60M | $22.30M | ||||||
| Total | $133.74M | $33.74M | $362.52M | $443.78M |
Powerfleet brought in $443.78M from its six regions in fiscal 2026, the year ended March 31, 2026. That was up 22.4% from $362.52M in fiscal 2025. North America was the largest at $159.34M (35.9%), ahead of Africa at $109.70M (24.7%) and Israel at $58.39M (13.2%). The other three regions brought in $116.35M combined.
Compared with fiscal 2025, Australia grew fastest, up 38.8% to $42.96M. Every region above 2% of revenue grew.
Services was Powerfleet’s largest product and service line in fiscal 2026, bringing in $359.80M of $443.78M (81%).
| Product and Service | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2022 | FY 2022 | FY 2022 | FY 2023 | FY 2023 | FY 2023 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Services | $20.34M | — | — | $84.00M | $21.66M | $276.93M | $359.80M | |||||||||||||||
| Service | — | $41.47M | $62.52M | — | — | — | — | |||||||||||||||
| Products | $12.51M | — | — | $49.74M | $12.08M | $85.58M | $83.98M | |||||||||||||||
| Product | — | $23.59M | $13.23M | — | — | — | — | |||||||||||||||
| Total | $32.85M | $65.07M | $75.75M | $133.74M | $33.74M | $362.52M | $443.78M |
Powerfleet brought in $443.78M from its two product and service lines in fiscal 2026, the year ended March 31, 2026. That was up 22.4% from $362.52M in fiscal 2025. Services was the largest at $359.80M (81.1%), ahead of Products at $83.98M (18.9%).
Compared with fiscal 2025, Services grew 29.9% to $359.80M, while Products fell 1.9% to $83.98M. From fiscal 2023 to 2026, combined revenue from these lines grew from $32.85M to $443.78M, a compound annual growth rate of 138.2%. Services' share of the total rose from 61.9% to 81.1%.
Powerfleet stopped reporting Service ($62.52M in fiscal 2023) and Product ($13.23M in fiscal 2023) as separate lines.
Previously Reported was Powerfleet’s largest revenue line in fiscal 2023, bringing in $62.52M of $62.89M (99%).
| Restatement | FY 2021 | FY 2022 | FY 2022 | FY 2022 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|---|
| Previously Reported | $73.23M | $18.77M | $96.97M | $58.81M | $88.31M | $62.52M |
| Revision Of Prior Period, Reclassification, Adjustment | -$327.00K | $127.00K | $208.00K | $740.00K | $233.00K | $365.00K |
| Total | $72.90M | $18.90M | $97.17M | $59.55M | $88.54M | $62.89M |
Powerfleet brought in $62.89M from its two revenue lines in fiscal 2023, the year ended September 30, 2023. That was down 29.0% from $88.54M in fiscal 2023. Previously Reported was the largest at $62.52M (99.4%), ahead of Revision Of Prior Period, Reclassification, Adjustment at $365.00K (0.6%).
From fiscal 2021 to 2023, combined revenue from these revenue lines fell from $72.90M to $62.89M, a compound annual decline of 7.1%. Previously Reported's share of the total fell from 100.4% to 99.4%.
Powerfleet (AIOT) reports its revenue by geography, by product and service and by restatement. In fiscal 2026, North America was its largest region, bringing in $159.34M (35.9% of the total), followed by Africa at $109.70M (24.7%).
North America was Powerfleet's largest region in fiscal 2026, bringing in $159.34M, or 35.9% of the $443.78M total across its six regions.
Services was Powerfleet's largest product and service line in fiscal 2026, bringing in $359.80M, or 81.1% of the $443.78M total across its two product and service lines.
Previously Reported was Powerfleet's largest revenue line in fiscal 2023, bringing in $62.52M, or 99.4% of the $62.89M total across its two revenue lines.
Among Powerfleet's regions that make up at least 2% of revenue, Australia grew fastest in fiscal 2026, up 38.8% from $30.96M to $42.96M.
Every figure comes from Powerfleet's annual financial filings, as reported. Each line keeps the name Powerfleet gives it, and years follow its fiscal calendar.
Powerfleet's revenue by geography goes back to fiscal 2017, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.