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U-Haul Holding (UHAL) Q2 FY27 earnings results (second quarter fiscal 2027)

10-Q filed Nov 4, 2026

U-Haul Holding (UHAL) reported revenue of $1.8B for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +5% from the quarter before. Operating margin was 15.0%, net earnings $137M (7.7% of revenue).

Revenue$1.8B
Year over year+3%
Quarter over quarter+5%
Operating margin15.0%
Net earnings$137M

U-Haul Holding, Q2 FY27: revenue $1.8B (+3% year over year), operating margin 15.0%, net earnings $137M, operating cash flow $379M. The chart follows the revenue to costs, profit and cash.

Q2 FY27AmountQ/QY/Y
Revenue$1.8B+5%+3%
Operating profit$265M+6%+22%
Net earnings$137M+11%+29%
Operating cash flow$379M-40%-31%

What changed

Revenue was $1.8B in Q2 FY27, up 3% year over year and up 5% from the previous quarter.

Operating profit was $0.27B, a 15.0% margin (up 2.3 points year over year). Of the extra revenue versus Q2 FY26, 90% reached operating profit, above the 13% margin then. Total costs grew 0% against revenue growth of 3%. Net earnings were $0.14B, up 29% year over year. The effective tax rate was 21.4%.

Operating cash flow was $0.38B (down 31% year over year), 277% of net earnings. Non-cash charges added back $0.30B of depreciation. Working capital and other items used $0.06B. Capital expenditures of $0.72B exceeded it, leaving free cash flow of −$0.34B.

Questions

What was U-Haul Holding's revenue in the second quarter fiscal 2027?

U-Haul Holding (UHAL) reported revenue of $1.8B for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +5% from the quarter before.

Was U-Haul Holding profitable in the second quarter fiscal 2027?

Operating profit was $265M (15.0% of revenue) and net earnings $137M.

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Source: U-Haul Holding 10-Q on SEC EDGAR.