Filing Flows › U-Haul Holding (UHAL) › Q2 FY26
U-Haul Holding (UHAL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 5, 2025
U-Haul Holding (UHAL) reported revenue of $1.7B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +5% from the quarter before. Operating margin was 12.7%, net earnings $106M (6.1% of revenue).
U-Haul Holding, Q2 FY26: revenue $1.7B (+4% year over year), operating margin 12.7%, net earnings $106M, operating cash flow $552M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +5% | +4% |
| Operating profit | $218M | -15% | -28% |
| Net earnings | $106M | -26% | -43% |
| Operating cash flow | $552M | -8% | +4% |
What changed
Revenue was $1.7B in Q2 FY26, up 4% year over year and up 5% from the previous quarter.
Operating profit was $0.22B, a 12.7% margin (down 5.6 points year over year). Operating profit fell $0.08B even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $0.11B, down 43% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.55B (up 4% year over year), 523% of net earnings. Non-cash charges added back $0.30B of depreciation. Working capital and other items added $0.14B. Capital expenditures of $1.0B exceeded it, leaving free cash flow of −$0.45B.
Questions
What was U-Haul Holding's revenue in the second quarter fiscal 2026?
U-Haul Holding (UHAL) reported revenue of $1.7B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +5% from the quarter before.
Was U-Haul Holding profitable in the second quarter fiscal 2026?
Operating profit was $218M (12.7% of revenue) and net earnings $106M.
Source: U-Haul Holding 10-Q on SEC EDGAR.