Filing Flows › U-Haul Holding (UHAL) › Q3 FY26
U-Haul Holding (UHAL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 4, 2026
U-Haul Holding (UHAL) reported revenue of $1.4B for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and -18% from the quarter before. Operating margin was 2.4%, net earnings $37.0M (2.6% of revenue).
U-Haul Holding, Q3 FY26: revenue $1.4B (+2% year over year), operating margin 2.4%, net earnings $37.0M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -18% | +2% |
| Operating profit | $33.7M | -85% | -78% |
| Net earnings | $37.0M | -65% | -45% |
| Operating cash flow | $241M | -56% | -11% |
What changed
Revenue was $1.4B in Q3 FY26, up 2% year over year and down 18% from the previous quarter.
Operating profit was $0.03B, a 2.4% margin (down 8.5 points year over year). Operating profit fell $0.12B even though revenue rose $0.03B versus a year earlier, so costs grew faster than sales. Total costs grew 12% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $0.04B, down 45% year over year. The effective tax rate was 28.3%. Non-operating items added $0.02B, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.24B (down 11% year over year), 651% of net earnings. Non-cash charges added back $0.30B of depreciation. Working capital and other items used $0.10B. Capital expenditures of $0.69B exceeded it, leaving free cash flow of −$0.45B.
Questions
What was U-Haul Holding's revenue in the third quarter fiscal 2026?
U-Haul Holding (UHAL) reported revenue of $1.4B for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and -18% from the quarter before.
Was U-Haul Holding profitable in the third quarter fiscal 2026?
Operating profit was $33.7M (2.4% of revenue) and net earnings $37.0M.
Source: U-Haul Holding 10-Q on SEC EDGAR.