Willis Lease Finance Q3 2026: Record Revenue, EPS Missing Expectations
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Record revenue came almost entirely from flipping five aircraft into a joint venture at minimal margin, which is why EPS missed expectations. Long-term maintenance revenue fell to $2.6 million from $29.5 million a year ago, even as management raised the dividend 12.8% and authorized a $200 million buyback.
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Willis Lease Finance posted record quarterly revenue of $246.3 million in Q3 2026 while GAAP earnings per share of $0.47 came in missing expectations.
Low-margin spare parts and equipment sales tied to five aircraft flipped into the WMES joint venture inflated the top line while doing very little for profit.
Long-term maintenance revenue fell to $2.6 million as fewer assets with long-term conditions came off lease, and the quarter absorbed an equipment write-down, a loss on debt extinguishment, and acquisition-related expenses.
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Management still raised the quarterly dividend 12.8% and authorized a $200 million share buyback, with CEO Austin Willis pointing to accelerating core leasing profits but offering no quantitative guidance.
Lease rent revenue rose 10.2% to $84.4 million, and the question into Q4 is whether recurring leasing income reasserts itself once the one-time aircraft sales are behind the company.
Mentioned: WLFC