U-Haul Holding (UHAL) Operating Expenses (2010 - 2025)
U-Haul Holding (UHAL) posted Operating Expenses of $1.4 billion for Q4 2025, down 8.01% sequentially from $1.5 billion in Q3 2025, and up 11.64% YoY from $1.2 billion in Q4 2024.
U-Haul Holding (UHAL) Operating Expenses (2010 - 2025) Analysis & Trends
U-Haul Holding has reported Operating Expenses for 16 years, with the latest figure at $1.4 billion in Q4 2025.
- Quarterly Operating Expenses rose 11.64% year-over-year to $1.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $5.5 billion (up 36.41% YoY) and the FY2025 annual result came in at $5.1 billion, up 10.0% from the prior year.
- Operating Expenses declined to $1.4 billion in Q4 2025 per UHAL's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 billion in Q3 2025 and troughed at -$1.6 billion in Q1 2021.
- A 5-year average of $909.6 million and a median of $1.0 billion in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses sank 187.83% in 2021, then surged 165.13% in 2022.
- Over 5 years, Operating Expenses stood at $658.1 million in 2021, then jumped by 60.36% to $1.1 billion in 2022, then advanced by 8.21% to $1.1 billion in 2023, then increased by 8.4% to $1.2 billion in 2024, then advanced by 11.64% to $1.4 billion in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.4 billion, $1.5 billion, and $1.4 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 33.76 Bn | 33.73 Bn | 978.00 Mn | 453.00 Mn |
| 2 | AerCap Holdings | 23.45 Bn | 23.45 Bn | 2.02 Bn | 1.37 Bn |
| 3 | U-Haul Holding | 14.49 Bn | 14.49 Bn | - | - |
| 4 | Ryder System | 10.04 Bn | 10.04 Bn | 1.45 Bn | 3.16 Bn |
| 5 | Gatx | 6.36 Bn | 6.36 Bn | 555.30 Mn | 419.70 Mn |
| 6 | Herc Holdings | 5.77 Bn | 5.72 Bn | 713.00 Mn | 158.00 Mn |
| 7 | Avis Budget | 4.98 Bn | 4.42 Bn | - | 2.93 Bn |
| 8 | WillScot Holdings | 4.22 Bn | 4.21 Bn | 306.26 Mn | 165.71 Mn |
| 9 | Mcgrath Rentcorp | 2.97 Bn | 2.97 Bn | 107.91 Mn | 56.44 Mn |
| 10 | Custom Truck One Source | 2.45 Bn | 2.44 Bn | 123.97 Mn | 77.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.38 Bn |
| Sep 30, 2025 | 1.50 Bn |
| Jun 30, 2025 | 1.37 Bn |
| Mar 31, 2025 | 1.28 Bn |
| Dec 31, 2024 | 1.24 Bn |
| Sep 30, 2024 | 891.07 Mn |
| Jun 30, 2024 | 789.76 Mn |
| Mar 31, 2024 | 1.14 Bn |
| Dec 31, 2023 | 1.14 Bn |
| Sep 30, 2023 | 835.26 Mn |
| Jun 30, 2023 | 763.24 Mn |
| Mar 31, 2023 | 746.32 Mn |
| Dec 31, 2022 | 1.06 Bn |
| Sep 30, 2022 | 1.18 Bn |
| Jun 30, 2022 | 1.10 Bn |
| Mar 31, 2022 | 1.04 Bn |
| Dec 31, 2021 | 658.10 Mn |
| Sep 30, 2021 | 696.07 Mn |
| Jun 30, 2021 | 978.65 Mn |
| Mar 31, 2021 | -1.60 Bn |