U-Haul Holding (UHAL-B) Operating Expenses (2010 - 2025)

U-Haul Holding's (UHAL-B) quarterly Operating Expenses came in at $848.6 million in Q4 2025, up 8.47% year-on-year from $782.4 million in Q4 2024, and down 43.51% quarter-over-quarter from $1.5 billion in Q3 2025.

U-Haul Holding (UHAL-B) Operating Expenses (2010 - 2025) Analysis & Trends

U-Haul Holding has disclosed Operating Expenses across 16 years of filings, most recently posting $848.6 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $848.6 million, up 8.47% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.2 billion (down 14.18% YoY), and the FY2025 annual result was $3.3 billion, up 4.77% from the prior year.
  • Operating Expenses came in at $848.6 million for Q4 2025 at U-Haul Holding, down from $1.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $2.1 billion in Q1 2022 to a low of -$560.8 million in Q1 2025.
  • The 5-year median for Operating Expenses is $819.2 million (2024), against an average of $831.8 million.
  • Across the five-year window, Operating Expenses jumped 557.36% in 2022 and sank 174.02% in 2025, its largest moves.
  • U-Haul Holding's Operating Expenses stood at $987.6 million in 2021, then dropped by 25.73% to $733.5 million in 2022, then advanced by 5.04% to $770.4 million in 2023, then increased by 1.55% to $782.4 million in 2024, then gained by 8.47% to $848.6 million in 2025.
  • The last three Operating Expenses figures came in at $848.6 million (Q4 2025), $1.5 billion (Q3 2025), and $1.4 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 U-Haul Holding 10.87 Bn 10.87 Bn -42.05 Mn 848.61 Mn
2 Ryder System 10.85 Bn 10.85 Bn 3.02 Bn 3.01 Bn
3 Avis Budget 6.40 Bn 5.99 Bn - 1.42 Bn
4 Gatx 6.26 Bn 7.14 Bn 561.90 Mn 410.40 Mn
5 WillScot Holdings 5.01 Bn 5.01 Bn 285.68 Mn 234.02 Mn
6 Herc Holdings 4.93 Bn 4.89 Bn 686.00 Mn 393.00 Mn
7 Mcgrath Rentcorp 2.78 Bn 2.78 Bn 96.89 Mn 76.20 Mn
8 Custom Truck One Source 2.38 Bn 2.38 Bn 103.06 Mn 71.59 Mn
9 Vestis 1.70 Bn 1.65 Bn 173.69 Mn 632.66 Mn
10 U-Haul Holding - - -42.05 Mn 848.61 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 848.61 Mn
Sep 30, 2025 1.50 Bn
Jun 30, 2025 1.37 Bn
Mar 31, 2025 -560.76 Mn
Dec 31, 2024 782.35 Mn
Sep 30, 2024 1.36 Bn
Jun 30, 2024 789.76 Mn
Mar 31, 2024 757.57 Mn
Dec 31, 2023 770.41 Mn
Sep 30, 2023 1.23 Bn
Jun 30, 2023 763.24 Mn
Mar 31, 2023 -316.03 Mn
Dec 31, 2022 733.47 Mn
Sep 30, 2022 1.18 Bn
Jun 30, 2022 1.10 Bn
Mar 31, 2022 2.12 Bn
Dec 31, 2021 987.61 Mn
Sep 30, 2021 696.07 Mn
Jun 30, 2021 978.65 Mn
Mar 31, 2021 -464.62 Mn