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| Date | Value |
|---|---|
| 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 |