Filing Flows › United Rentals (URI) › Q3 2026
United Rentals (URI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 21, 2026
United Rentals (URI) reported revenue of $4.9B for the third quarter 2026 (Q3 2026), +16% from a year earlier. Operating margin was 28.8%, net earnings $920M (18.8% of revenue).
United Rentals, Q3 2026: revenue $4.9B (+16% year over year), operating margin 28.8%, net earnings $920M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | — | +16% |
| Gross profit | $2.0B | — | +23% |
| Operating profit | $1.4B | — | +26% |
| Net earnings | $920M | — | +31% |
| Operating cash flow | $1.6B | — | +38% |
What changed
Revenue was $4.9B in Q3 2026, up 16% year over year. Owned equipment rentals was the largest line at 68% of revenue. Owned equipment rentals added $0.38B year over year (up 13%), 57% of the total change. Sales of new equipment declined 12%.
Gross margin was 41.8%, up 2.4 points from Q3 2025. Operating profit was $1.4B, a 28.8% margin (up 2.5 points year over year). Of the extra revenue versus Q3 2025, 44% reached operating profit, above the 26% margin then. Operating expenses grew 16% against revenue growth of 16%. The fastest-growing cost line was SG&A (+16%). Net earnings were $0.92B, up 31% year over year. The effective tax rate was 25.3%.
Operating cash flow was $1.6B (up 38% year over year), 177% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.56B. Capital expenditures of $1.9B exceeded it, leaving free cash flow of −$0.30B.
Questions
What was United Rentals' revenue in the third quarter 2026?
United Rentals (URI) reported revenue of $4.9B for the third quarter 2026 (Q3 2026), +16% from a year earlier.
Was United Rentals profitable in the third quarter 2026?
Operating profit was $1.4B (28.8% of revenue) and net earnings $920M.
Source: United Rentals 10-Q on SEC EDGAR.