Arval reports fleet growth to nearly 1.9m vehicles

Arval reported continued business growth in 2025, with its financed fleet increasing to 1.89 million vehicles worldwide, although profits declined compared with the previous year due to the normalisation of used-car market conditions.

The BNP Paribas-owned mobility specialist said its financed fleet rose 5.5% year-on-year to 1,894,865 vehicles, while financial outstandings increased by 13.5%. Gross revenues grew 6.9% to €21.0bn.

Gross operating income reached €2.16bn, down 17% compared with 2024 due to a lower contribution from vehicle sales, which had been exceptionally strong in recent years. Excluding the impact of vehicle sales, gross operating income increased 14.9% to €2.05bn.

Operating expenses remained under control, rising 6.1% to €1.09bn as the company continued to implement efficiency and digitalisation measures. The cost of risk remained moderate at 14 basis points.

Operating result totalled €1.02bn, down 32.8% compared with 2024, while net income came to €644.7m, a decline of 42.9% year-on-year largely reflecting the high base of vehicle sales profits in the previous year.

Chief executive Alain van Groenendael said the company had continued to deliver strong operational performance despite the changing used-car market environment.

“Strengthened by the confidence of its customers, Arval continued its very good business growth in 2025 with a financed fleet of nearly 1.9 million vehicles, up 5.5% compared to 2024, and with outstandings up 13.5%,” he said.

The company said its electrification strategy continued to gain momentum during the year. The electrified fleet grew by 22% to more than 701,000 vehicles, including 342,340 fully electric vehicles, up 35% year-on-year.

Arval also reported growth across its customer segments. The corporate fleet increased 3.1% to 1.23 million vehicles, while the retail segment grew 11.4% to 620,504 vehicles, reflecting rising demand from SMEs and private customers for long-term leasing solutions.

Strategically, Arval entered into exclusive negotiations with Mercedes-Benz Group to acquire vehicle leasing company Athlon, a move that could strengthen its position in the European market. The company also extended its partnership with CaixaBank until 2030 and signed new agreements with Nissan in Latin America and Maxus Motors in France.

During the year, Arval’s connected fleet surpassed one million vehicles, enabling the company to expand its data-driven mobility services.

Looking ahead, Arval is targeting a fleet of two million vehicles by 2026, including 400,000 fully electric vehicles, as part of its extended “Arval Beyond” strategy focused on sustainable and profitable growth.