U-Haul Holding (UHAL) Operating Expenses (2010 - 2025)
U-Haul Holding's (UHAL) quarterly Operating Expenses came in at $1.4 billion in Q4 2025, up 11.64% year-over-year from $1.2 billion in Q4 2024, and down 8.01% quarter-over-quarter from $1.5 billion in Q3 2025.
U-Haul Holding (UHAL) Operating Expenses (2010 - 2025) Analysis & Trends
U-Haul Holding has disclosed Operating Expenses across 16 years of filings, most recently posting $1.4 billion for Q4 2025.
- In Q4 2025, Operating Expenses rose 11.64% year-over-year to $1.4 billion; the TTM figure through Dec 2025 stood at $5.5 billion (up 11.25% YoY), while the FY2025 annual figure was $5.1 billion, up 10.0% from the prior year.
- Operating Expenses came in at $1.4 billion 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 $1.5 billion in Q3 2025 to a low of $928.5 million in Q1 2021.
- Average Operating Expenses over 5 years is $1.2 billion, with a median of $1.1 billion recorded in 2023.
- Year-over-year, Operating Expenses rose 17.46% in 2021 and grew 3.48% in 2023.
- Over 5 years, Operating Expenses stood at $987.6 million in 2021, then gained by 6.86% to $1.1 billion in 2022, then rose by 8.21% to $1.1 billion in 2023, then climbed by 8.4% to $1.2 billion in 2024, then rose by 11.64% to $1.4 billion in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.4 billion in Q4 2025, $1.5 billion in Q3 2025, and $1.4 billion in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avis Budget | 4.16 Bn | 3.75 Bn | - | 2.93 Bn |
| 2 | U-Haul Holding | 1.26 Bn | -2.42 Bn | - | - |
Historic 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 | 1.36 Bn |
| Jun 30, 2024 | 1.24 Bn |
| Mar 31, 2024 | 1.14 Bn |
| Dec 31, 2023 | 1.14 Bn |
| Sep 30, 2023 | 1.23 Bn |
| Jun 30, 2023 | 1.14 Bn |
| Mar 31, 2023 | 1.08 Bn |
| 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 | 987.61 Mn |
| Sep 30, 2021 | 1.09 Bn |
| Jun 30, 2021 | 978.65 Mn |
| Mar 31, 2021 | 928.53 Mn |
U-Haul Holding Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=UHAL&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "UHAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=UHAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();