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
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 |
| 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 |