Filing Flows › U-Haul Holding (UHAL) › Q1 FY26
U-Haul Holding (UHAL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 6, 2025
U-Haul Holding (UHAL) reported revenue of $1.6B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +32% from the quarter before. Operating margin was 15.8%, net earnings $142M (8.7% of revenue).
U-Haul Holding, Q1 FY26: revenue $1.6B (+5% year over year), operating margin 15.8%, net earnings $142M, operating cash flow $598M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +32% | +5% |
| Operating profit | $257M | — | -16% |
| Net earnings | $142M | — | -27% |
| Operating cash flow | $598M | +201% | +32% |
What changed
Revenue was $1.6B in Q1 FY26, up 5% year over year and up 32% from the previous quarter.
Operating profit was $0.26B, a 15.8% margin (down 4.0 points year over year). Operating profit fell $0.05B even though revenue rose $0.08B versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $0.14B, down 27% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.60B (up 32% year over year), 420% of net earnings. Non-cash charges added back $0.28B of depreciation. Working capital and other items added $0.17B. Capital expenditures of $0.92B exceeded it, leaving free cash flow of −$0.32B.
Questions
What was U-Haul Holding's revenue in the first quarter fiscal 2026?
U-Haul Holding (UHAL) reported revenue of $1.6B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +32% from the quarter before.
Was U-Haul Holding profitable in the first quarter fiscal 2026?
Operating profit was $257M (15.8% of revenue) and net earnings $142M.
Source: U-Haul Holding 10-Q on SEC EDGAR.