Enterprise Holdings has strengthened its ambitions in helping shape the future of mobility with strong results across its diverse lines of business. A significant jump in international growth, and global recognition for its long-standing commitment to customers and team members over the past fiscal year.
Enterprise Holdings has an integrated global network of subsidiaries and franchisees. The network collectively includes almost 9,500 fully staffed neighborhood and airport locations in more than 90 countries and territories.
The business has invested heavily in growing its international footprint and diversifying its offerings with a robust roster of mobility lines. These mobility lines include car rental, carsharing, truck rental, fleet management, flexible vehicle hire, vanpooling, retail car sales, and more. This strategic approach generated a record $35 billion in revenue for Enterprise Holdings and its affiliate Enterprise Fleet Management (EFM) in fiscal year 2023 (FY23).
International Expansion & Mobility Line Growth
Solid international performance contributed to strong results. The organization’s corporate-owned affiliates in Europe (including the U.K., France, Germany, Ireland, and Spain) recorded their most successful years to date.
The organization’s fleet size in Europe has also grown, up 21% year over year compared to FY22. In addition, Enterprise Holdings announced franchisee partnership agreements to expand to Chile. They also broke ground in three new markets, opening branches in Morocco, South Africa, and South Korea.
Strong performances from Enterprise-branded business lines also contributed to record revenue in FY23. Both EFM and CarShare saw double-digit growth over the past year. Truck Rental and Car Sales increasing their footprint by adding new branch locations in FY23. Globally, the combined fleet size of Enterprise Holdings and EFM increased to more than 2.3 million vehicles.
Another reason for Enterprise Holdings’ successful FY23 lies in the steady growth of its contracted business, including B2B accounts and insurance replacement, among others. This growth accounted for the majority of its rental days in the fiscal year.
In FY23, the businesses also increased the total global workforce by more than 10,000 to 90,000-plus employees. Enterprise Holdings was one of 57 organizations worldwide to earn the 2023 Gallup Exceptional Workplace Award (GEWA). This accolade that spotlights the most engaged workplace cultures in the world.
Enhancing CX Through Innovation
Consistently investing to enhance customer experience has been a defining factor in the longevity and success of the business. In FY23, several lines of business and geographies exhibited record customer-service scores from customers and partners.
The business also continues to cultivate and invest in multiple solutions. The business partnerships designed to enhance customer experience and drive innovation. Select highlights include:
- An effort to help remove friction was launched around the most critical steps in the rental journey. This effort aims to deliver customers enhanced control, personalization, and transparency.
- Enterprise Holdings continues investing in solutions like SmartAssist™. This is a new SaaS offering that, along with ARMS® technology enhancements, will help partners and customers reduce friction after an accident.
- The business continues to add connected cars to its fleet with more than 525,000 currently connected globally. A goal of connecting the full fleet of more than 2.3 million vehicles by 2026.
- Enterprise Holdings has a long-term, comprehensive electric vehicle strategy. This strategy is focused on three key areas: customer experience, power and charging viability, and equitable access. In FY23, Enterprise Holdings partnered with automakers to add more EVs to its fleet, enabled customers to test drive EVs. It also leveraged its fleet management leadership through its affiliate EFM to help brands like Domino’s® execute its EV strategy.
- The business also is investing in flexible and resilient energy assets, such as Moxion’s® mobile energy storage solutions and Freewire’s® energy storage integrated fast chargers.
“We are leveraging innovation to help create flexible, customized, on-demand customer experiences,” said Taylor. “And through partnerships, we are building a robust EV infrastructure, driving connectivity and investing in new mobility solutions. This will help prepare and support customers and team members for the future.”
Supporting Partnerships & Communities
Community giving remains core to the culture at Enterprise Holdings. More than $84 million has been donated to charitable organizations worldwide through its operating groups and the Enterprise Holdings Foundation in FY23.
As part of its charitable giving, Enterprise Holdings awarded more than $7 million in grants for the third consecutive year to more than 600 local nonprofit organizations. This is part of Enterprise’s five-year, $55 million ROAD Forward initiative to help advance social and racial equity.
To support its partners in the insurance replacement space, and to drive down the average collision-related vehicle repair time, Enterprise Holdings also announced two industry partnerships in FY23 – one with Ford Motor Company Fund and one with national multi-shop operator Crash Champions – to expand the Enterprise Holdings Foundation-funded Collision Engineering Program, now active at seven schools across the U.S.
