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U-Haul Holding UHAL Operating Income

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Segments

By segment

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Moving And Storage Consolidations$247.2M-2.8%
Property And Casualty Insurance$12.22M+2.8%
Life Insurance$3.81M-19.9%

Other financials

Income statement

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Revenue$1.7B+3.2%
Gross profit$1.4B+3.5%
Net income$122.9M-13.6%
EPS (diluted)$0.11-76.7%

Balance sheet

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Cash & equivalents$1.1B+25.1%
Total debt$8.1B+11.7%
Total equity$7.7B0.0%
Total assets$21.7B+3.9%

Cash flow

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Operating cash flow$630.3M+5.3%
CapEx$822.4M-10.3%
Free cash flow-$192.1M+39.6%

Valuation

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Market cap$14.43B+30.2%
Enterprise value$21.48B+22.8%
P/E35.4×
P/S2.4×+0.5×

Profitability

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Gross margin95.9%-0.1pp
Operating margin8.5%-4.9pp
Net margin7.9%-3.8pp
FCF margin-20.3%-5.1pp

Returns & leverage

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Return on equity6.1%-3.8pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by U-Haul Holding in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: U-Haul Holding’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335008
Line itemQuarter ended June 30, 2026Quarter ended June 30, 2025
Depreciation, net of (gains) losses on disposals of ($1,796) and $21,933, respectively298,840304,009
Net (gains) losses on disposal of real estate3,068(1,617)
Total costs and expenses1,431,4311,373,056
Earnings from operations250,596257,414
Other components of net periodic benefit costs(357)(346)
Other interest income9,39110,669
Interest expense(97,912)(82,330)
Fees on early extinguishment of debt and costs of defeasance(31)(26)

Item 1. Financial Statements

FAQ

What is U-Haul Holding's operating income?
U-Haul Holding (UHAL) reported operating income of $250.6M in Q2 2026.
How has U-Haul Holding's operating income changed year-over-year?
U-Haul Holding's operating income decreased by 2.6% year-over-year, from $257.41M to $250.6M.
What is the long-term trend for U-Haul Holding's operating income?
Over 2 years (2021 to 2024), U-Haul Holding's operating income has grown at a -32.1% compound annual growth rate (CAGR), from $1.65B to $758.93M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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