Leasing & Related Operations was Willis Lease Finance’s largest segment in fiscal 2025, bringing in $692.67M of $730.24M (95%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Leasing & Related Operations | $286.03M | $398.19M | $543.10M | $692.67M | ||||||||
| Spare Parts Sales | $26.09M | $20.57M | $47.16M | $57.94M | ||||||||
| Eliminations | -$185.00K | -$211.00K | -$21.04M | -$20.37M | ||||||||
| Intersegment Eliminations | — | — | — | — | ||||||||
| Total | $311.93M | $418.56M | $569.22M | $730.24M |
Willis Lease Finance brought in $730.24M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 28.3% from $569.22M in fiscal 2024. Leasing & Related Operations was the largest at $692.67M (94.9%), ahead of Spare Parts Sales at $57.94M (7.9%).
Compared with fiscal 2024, Leasing & Related Operations grew 27.5% to $692.67M and Spare Parts Sales grew 22.9% to $57.94M. From fiscal 2022 to 2025, combined revenue from these segments grew from $311.93M to $730.24M, a compound annual growth rate of 32.8%. Leasing & Related Operations' share of the total rose from 91.7% to 94.9%.
The total is net of Eliminations, which took $20.37M off revenue in fiscal 2025.
Willis Lease Finance (WLFC) reports its revenue by segment. In fiscal 2025, Leasing & Related Operations was its largest segment, bringing in $692.67M (94.9% of the total), followed by Spare Parts Sales at $57.94M (7.9%).
Leasing & Related Operations was Willis Lease Finance's largest segment in fiscal 2025, bringing in $692.67M, or 94.9% of the $730.24M total across its three segments.
Leasing & Related Operations grew faster than Spare Parts Sales in fiscal 2025, up 27.5% from $543.10M to $692.67M. Spare Parts Sales grew 22.9% to $57.94M.
Every figure comes from Willis Lease Finance's annual financial filings, as reported. Each line keeps the name Willis Lease Finance gives it, and years follow its fiscal calendar.
Willis Lease Finance's revenue by segment goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.