In fiscal 2026, which ended Mar 31, 2026, U-Haul Holding Company reported revenue of $761.5 million, up 3.6% from the year before. Net income was $83.1 million, a profit margin of 10.9%. Operating income came to $432.6 million, an operating margin of 56.8%. Over the twelve months ended Sep 30, 2026, revenue was $734.9 million and net income was $378.8 million. Across the 10 fiscal years shown, revenue shrank from $3.4 billion in fiscal 2017 to $761.5 million in fiscal 2026, about 15.4% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Sep 30, 2026
|
FY 2026
Mar 31, 2026
|
FY 2025
Mar 31, 2025
|
FY 2024
Mar 31, 2024
|
FY 2023
Mar 31, 2023
|
FY 2022
Mar 31, 2022
|
FY 2021
Mar 31, 2021
|
FY 2019
Mar 31, 2020
|
FY 2019
Mar 31, 2019
|
FY 2017
Mar 31, 2018
|
FY 2017
Mar 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
735
+2.8%
|
761
+3.6%
|
735
+2.9%
|
714
+1827.0%
|
37
+5.3%
|
35
+11.4%
|
32
|
30
|
29
|
3,601
|
3,422
|
| Cost of revenue |
233
-4.5%
|
247
+5.4%
|
234
-3.1%
|
242
-8.2%
|
263
+1.3%
|
260
+21.3%
|
214
|
164
|
162
|
160
|
152
|
| Gross profit |
502
+6.5%
|
515
+2.7%
|
501
+5.9%
|
473
+309.3%
|
-226
-0.7%
|
-224
-23.0%
|
-182
|
-134
|
-133
|
3,441
|
3,269
|
| Operating income |
757
+20.0%
|
433
-39.6%
|
716
-26.8%
|
978
-32.4%
|
1,446
-12.2%
|
1,646
+71.3%
|
961
|
540
|
621
|
765
|
743
|
| Pretax income |
491
+5.4%
|
113
-76.4%
|
478
-43.2%
|
840
-31.1%
|
1,219
-17.4%
|
1,477
+85.3%
|
797
|
378
|
478
|
638
|
628
|
| Income tax |
112
-6.3%
|
30
-73.3%
|
110
-47.8%
|
211
-28.3%
|
295
-16.3%
|
352
+89.6%
|
186
|
—
|
107
|
-153
|
230
|
| Net income |
379
+9.4%
|
83
-77.4%
|
367
-41.6%
|
629
-32.0%
|
924
-17.8%
|
1,124
+84.1%
|
611
|
442
|
371
|
791
|
398
|
| Weighted average shares, basic |
—
|
196
|
—
|
—
|
—
|
20
|
—
|
—
|
—
|
—
|
—
|
| Other measures | |||||||||||
| Depreciation and amortization |
990
-1.7%
|
1,183
+21.7%
|
972
+18.8%
|
818
+11.4%
|
734
+5.3%
|
697
+5.0%
|
664
|
581
|
581
|
482
|
482
|
| EBITDA |
1,747
+6.6%
|
1,616
-4.3%
|
1,688
-6.0%
|
1,796
-17.6%
|
2,179
-7.0%
|
2,343
+44.2%
|
1,625
|
1,121
|
1,202
|
1,247
|
1,225
|
| Interest coverage |
2.36x
|
1.19x
|
2.42x
|
3.82x
|
6.45x
|
9.83x
|
5.88x
|
3.79x
|
4.36x
|
6.75x
|
6.55x
|
| Margins | |||||||||||
| Gross margin |
68.29%
|
67.58%
|
68.14%
|
66.19%
|
-609.48%
|
-637.58%
|
-577.34%
|
-439.43%
|
-456.27%
|
95.54%
|
95.54%
|
| Operating margin |
102.97%
|
56.82%
|
97.44%
|
136.87%
|
3,899.28%
|
4,677.14%
|
3,041.32%
|
1,776.39%
|
2,130.46%
|
21.25%
|
21.72%
|
| Pretax margin |
66.79%
|
14.79%
|
64.97%
|
117.61%
|
3,289.18%
|
4,195.52%
|
2,520.83%
|
1,243.58%
|
1,638.29%
|
17.71%
|
18.36%
|
| Profit margin |
51.54%
|
10.92%
|
49.94%
|
88.00%
|
2,493.65%
|
3,194.75%
|
1,932.91%
|
1,453.82%
|
1,272.32%
|
21.95%
|
11.64%
|
| EBITDA margin |
237.69%
|
212.19%
|
229.67%
|
251.35%
|
5,878.83%
|
6,657.46%
|
5,142.39%
|
3,687.28%
|
4,123.82%
|
34.62%
|
35.79%
|
| Effective tax rate |
22.82%
|
26.20%
|
23.12%
|
25.17%
|
24.19%
|
23.85%
|
23.32%
|
—
|
22.34%
|
-23.99%
|
36.59%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
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Company profile
- Industry
- Services-Auto Rental & Leasing (No Drivers) (SIC 7510)
- Listed as
- UHAL (NYSE), UHAL-B (NYSE)
- Fiscal year ends
- March 31
- Incorporated in
- NV
- Headquarters
- Reno, NV
- SEC filer status
- Large accelerated filer
- SEC CIK
- 4457
- Former names
- AMERCO /NV/ (until Dec 16, 2022)
Other Services-Auto Rental & Leasing (No Drivers) companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.