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

U-Haul Holding recorded quarterly Operating Expenses of $848.6 million in Q4 2025, down 43.51% quarter-over-quarter from $1.5 billion in Q3 2025, and up 8.47% year-over-year from $782.4 million in Q4 2024.

U-Haul Holding's Operating Expenses history runs 16 years deep, the most recent figure standing at $848.6 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 8.47% year-over-year to $848.6 million; the TTM figure through Dec 2025 stood at $3.2 billion (down 14.18% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $831.8 million and a median of $819.2 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 557.36% in 2022 and plunged 174.02% in 2025, its largest moves.
  • U-Haul Holding's Operating Expenses stood at $987.6 million in 2021, then declined by 25.73% to $733.5 million in 2022, then climbed by 5.04% to $770.4 million in 2023, then rose by 1.55% to $782.4 million in 2024, then advanced by 8.47% to $848.6 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered $848.6 million, $1.5 billion, and $1.4 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 FTAI Aviation 25.24 Bn 24.83 Bn 765.71 Mn 660.32 Mn
2 Ryder System 9.37 Bn 9.37 Bn 3.02 Bn 3.01 Bn
3 U-Haul Holding 9.00 Bn 9.00 Bn -42.05 Mn 848.61 Mn
4 Gatx 6.17 Bn 7.05 Bn 561.90 Mn 410.40 Mn
5 Avis Budget 5.57 Bn 5.16 Bn - 1.42 Bn
6 WillScot Holdings 4.38 Bn 4.38 Bn 285.68 Mn 234.02 Mn
7 Herc Holdings 4.30 Bn 4.26 Bn 686.00 Mn 393.00 Mn
8 Mcgrath Rentcorp 2.69 Bn 2.69 Bn 96.89 Mn 76.20 Mn
9 Custom Truck One Source 2.10 Bn 2.10 Bn 103.06 Mn 71.59 Mn
10 Vestis 1.53 Bn 1.48 Bn 173.69 Mn 632.66 Mn

Historic Data

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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
Dec 31, 2020 886.04 Mn
Sep 30, 2020 933.12 Mn
Jun 30, 2020 833.15 Mn
Mar 31, 2020 820.57 Mn
Dec 31, 2019 517.45 Mn
Sep 30, 2019 565.41 Mn
Jun 30, 2019 534.47 Mn
Mar 31, 2019 -468.25 Mn
Dec 31, 2018 780.99 Mn
Sep 30, 2018 529.35 Mn
Jun 30, 2018 496.55 Mn
Mar 31, 2018 460.27 Mn
Dec 31, 2017 539.51 Mn
Sep 30, 2017 813.07 Mn
Jun 30, 2017 416.69 Mn
Mar 31, 2017 -446.63 Mn
Dec 31, 2016 389.35 Mn
Sep 30, 2016 691.71 Mn
Jun 30, 2016 663.63 Mn
Mar 31, 2016 -1.12 Bn
Dec 31, 2015 356.16 Mn
Sep 30, 2015 651.84 Mn
Jun 30, 2015 363.17 Mn
Mar 31, 2015 -1.08 Bn
Dec 31, 2014 338.69 Mn
Sep 30, 2014 630.66 Mn
Jun 30, 2014 363.30 Mn
Mar 31, 2014 311.05 Mn
Dec 31, 2013 322.11 Mn
Sep 30, 2013 599.26 Mn
Jun 30, 2013 546.58 Mn
Mar 31, 2013 -882.52 Mn
Dec 31, 2012 290.29 Mn
Sep 30, 2012 310.21 Mn
Jun 30, 2012 516.80 Mn
Mar 31, 2012 -1.62 Bn
Dec 31, 2011 269.83 Mn
Sep 30, 2011 294.34 Mn
Jun 30, 2011 271.98 Mn
Mar 31, 2011 250.20 Mn
Dec 31, 2010 252.99 Mn
Sep 30, 2010 478.86 Mn
Jun 30, 2010 253.13 Mn