Jun 2026 (Q1 FY27) — Aug 6, 2026
U-Haul Q1 FY27 — Strategic Investments and Share Repurchases Amidst Inflationary Pressures
Read the full callU-Haul (UHAL) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
U-Haul earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,682 | +3.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.9 | −0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 123 | −13.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
0 of 2 judged targets kept · 6 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY27 decrease in net new truck purchases versus FY26 | a decrease in new truck purchases somewhere north of $500 million | Dec 2025 | We're still projecting a decrease of over $500 million for net fleet investing over the back 3 quarters of the year. | On Track |
| Full-year net fleet CapEx (new rental equipment purchases net of retired-equipment sale proceeds), FY26 | $1.295 billion | Mar 2025 | That nets out to net equipment purchases of $1.381 billion. | Missed |
2 of U-Haul Holding Co /NV/'s 8 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 6 more targets are in the full ledger.
Claimed
- Equipment rental revenues increased $29 million YoY.
- Storage revenues increased $16 million, up 7% YoY.
- Net gain of over 1,100 independent dealers, halfway to the 3,000 goal.
- Repurchased $15.6 million of voting shares and $32.4 million of nonvoting shares.
- Gain of $1.9 million from disposal of retired rental equipment, a $24 million improvement YoY.
Qualified
- Earnings decreased to $123 million from $142 million YoY.
- Adjusted EBITDA for Moving and Storage segment decreased $9 million to $537 million.
- Same-store occupancy was down 456 basis points to 88.3%.
- Operating expenses were up $55 million, leading to a 1.5% EBITDA margin decline.
- Freight and shipping costs increased close to $22.5 million, impacting U-Box margins.
Price
$55.61 −2.47% · −$1.41
Performance +0.2% 1Y
1Y: $55.48 on 17 Oct 2025 → $55.61. High $75.27 (7 Aug 2026), low $42.19 (20 Mar 2026).
- Previous close
- $57.02
- 52-week range
- $42.19 – $75.27
- One year
- −0.07%
Overview
- Symbol
- UHAL
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
0 of 2 judged targets kept · 6 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY27 decrease in net new truck purchases versus FY26 | a decrease in new truck purchases somewhere north of $500 million | Dec 2025 | We're still projecting a decrease of over $500 million for net fleet investing over the back 3 quarters of the year. | On Track |
| Full-year net fleet CapEx (new rental equipment purchases net of retired-equipment sale proceeds), FY26 | $1.295 billion | Mar 2025 | That nets out to net equipment purchases of $1.381 billion. | Missed |
Claimed
- Equipment rental revenues increased $29 million YoY.
- Storage revenues increased $16 million, up 7% YoY.
- Net gain of over 1,100 independent dealers, halfway to the 3,000 goal.
- Repurchased $15.6 million of voting shares and $32.4 million of nonvoting shares.
- Gain of $1.9 million from disposal of retired rental equipment, a $24 million improvement YoY.
Qualified
- Earnings decreased to $123 million from $142 million YoY.
- Adjusted EBITDA for Moving and Storage segment decreased $9 million to $537 million.
- Same-store occupancy was down 456 basis points to 88.3%.
- Operating expenses were up $55 million, leading to a 1.5% EBITDA margin decline.
- Freight and shipping costs increased close to $22.5 million, impacting U-Box margins.
The full ledger
Open U-Haul Holding Co /NV/’s full ledger
A free account opens 5 company ledgers a month. All 8 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — May 28, 2026
U-Haul Holding Company Q4 FY26 — Capital Allocation Shift and Strategic Investments
Read the full callEvery analysed call
U-Haul earnings calls (UHAL)
Financials
What the filings say
Net profit, year on year: −14% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,658 | 1,389 | 1,234 | 1,630 | 1,720 | 1,416 | 1,272 | 1,682 |
| Expenses | 1,356 | 1,238 | 1,276 | 1,373 | 1,502 | 1,382 | 1,348 | 1,431 |
| Operating profit | 302 | 151 | -43 | 257 | 218 | 34 | -76 | 251 |
| Operating margin | 18.2% | 10.9% | −3.5% | 15.8% | 12.7% | 2.4% | −6.0% | 14.9% |
| Interest | 71 | 77 | 80 | 82 | 90 | 96 | 97 | 98 |
| Profit before tax | 246 | 89 | -115 | 185 | 137 | 52 | — | 162 |
| Tax rate | 24.1% | 24.9% | 28.1% | 23.2% | 22.9% | 28.3% | — | 24.0% |
| Net profit | 187 | 67 | -82 | 142 | 106 | 37 | — | 123 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | — | 0 | — | — | — |
| Reserves | 3,977 | 5,017 | 5,026 | 6,119 | 7,003 | 7,600 | 7,932 | 7,980 |
| Total liabilities | 8,199 | 9,847 | 9,733 | 11,347 | 11,597 | 11,886 | 12,981 | 13,891 |
| Fixed assets | 7,934 | 7,843 | 8,331 | 9,626 | 11,350 | 13,135 | 15,113 | 16,380 |
| Investments | 6 | 7 | 7 | 31 | 16 | — | — | — |
| Total assets | 11,892 | 14,693 | 14,652 | 17,327 | 18,101 | 19,059 | 20,479 | 21,503 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 976 | 1,076 | 1,535 | 1,946 | 1,730 | 1,453 | 1,454 | 1,795 |
| Cash from investing | -1,571 | -1,767 | -1,130 | 1,867 | -2,421 | -2,046 | -2,891 | -2,263 |
| Cash from financing | 515 | 512 | 287 | 1,433 | 60 | 67 | 895 | 595 |
| Net cash flow | — | -179 | 700 | 1,510 | -644 | -526 | -546 | 131 |
| Capital expenditure | -1,870 | -2,309 | -1,441 | -2,137 | -2,724 | -2,993 | -3,452 | -3,154 |
| Free cash flow | -894 | -1,234 | 94 | -190 | -994 | -1,540 | -1,998 | -1,360 |
UHAL revenue by segment
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Moving and Storage Consolidations | 95% | 93% | 94% | 95% | 95% | 93% | 93% | 95% | +3.1% |
| Life Insurance | 3% | 4% | 4% | 3% | 3% | 4% | 5% | 3% | +2.8% |
| Property and Casualty Insurance | 2% | 3% | 2% | 2% | 2% | 3% | 3% | 2% | +5.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
UHAL operating KPIs by quarter
| KPI | Mar 2026 Q4 FY26 | Jun 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|
| Square feet under development | ~5.5MWe have approximately 5.5 million new square feet under development right now across 99 projects and another 6.2 million square feet of potential development behind that in properties that we own, but we haven't started.Source: earnings call transcript | ~5.7MWe currently have approximately 5.7 million new square feet being developed across 106 projects and then another $6.3 million of potential future development behind that in properties that we own but haven't yet started.Source: earnings call transcript | — |
| Projects under development | 99We have approximately 5.5 million new square feet under development right now across 99 projects and another 6.2 million square feet of potential development behind that in properties that we own, but we haven't started.Source: earnings call transcript | 106We currently have approximately 5.7 million new square feet being developed across 106 projects and then another $6.3 million of potential future development behind that in properties that we own but haven't yet started.Source: earnings call transcript | +7.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q1 FY2027 · share of revenue
- US 95%
- CA 5%
As UHAL cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
1 filing, all on Nov 20, 2025.
Open market
decisions to buy or sellNobody bought or sold UHAL on the open market in this window. The filing below is 1 gift.
Latest filings (13)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Nov 20, 2025 | SHOEN MARK V 10% owner | Gift | 4,578 | $0 |
| Sep 18, 2025 | Willow Grove Holdings LP 10% owner | Purchase | 229,515 | — |
| Sep 18, 2025 | SHOEN MARK V 10% owner | Other | 229,515 | — |
| Sep 18, 2025 | SHOEN MARK V 10% owner | Purchase | 229,515 | — |
| Sep 18, 2025 | SHOEN EDWARD J President | Purchase | 229,515 | — |
| Feb 26, 2025 | SHOEN MARK V 10% owner | Sale 10b5-1 plan | 12,500 | $812.9K |
| Feb 21, 2025 | SHOEN MARK V 10% owner | Sale 10b5-1 plan | 192 | $12.7K |
| Feb 21, 2025 | SHOEN MARK V 10% owner | Sale 10b5-1 plan | 97 | $6.3K |
| Feb 20, 2025 | SHOEN MARK V 10% owner | Sale 10b5-1 plan | 123 | $8.2K |
| Feb 20, 2025 | SHOEN MARK V 10% owner | Sale 10b5-1 plan | 12,377 | $815.1K |
| Feb 18, 2025 | Brogan John P. Director | Sale | 3,000 | $201.1K |
| Dec 18, 2024 | SHOEN MARK V 10% owner | Gift 10b5-1 plan | 752 | $0 |
| Dec 16, 2024 | SHOEN MARK V 10% owner | Gift 10b5-1 plan | 1,520 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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