U-Haul Holding (UHAL) Operating Expenses (2010 - 2026)
U-Haul Holding (UHAL) reported Operating Expenses of $1.38 billion for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 11.6% from $1.24 billion a year earlier but down 8.0% from the prior quarter.
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Analysis
U-Haul Holding (UHAL) Operating Expenses (2010 - 2026) Analysis & Trends
Over the twelve months ended Dec 31, 2025, U-Haul Holding's Operating Expenses came in at $5.53 billion, up 11.2% year-over-year; for FY2025 (ended Mar 31, 2025), it was $5.11 billion, up 10.0% from FY2024.
- Operating Expenses has increased for nine consecutive fiscal years, with a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
- By fiscal year, Operating Expenses came in at $4.65 billion in FY2024 (+5.2%), $4.42 billion in FY2023 (+7.9%), $4.09 billion in FY2022 (+14.3%) and $3.58 billion in FY2021 (+4.1%).
- Five-year quarterly Operating Expenses spans a low of $928.53 million in fiscal Q4 2021 and a high of $1.5 billion in fiscal Q2 2026.
- Year over year, Operating Expenses has now increased in each of the last 22 quarters, with growth averaging 9.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Expenses ran from 3.5% in fiscal Q1 2024 to 17.5% in fiscal Q1 2022.
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $1.5 billion (Q2 2026), $1.37 billion (Q1 2026) and $1.28 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.41 Bn | 107.68 Bn | 1.54 Bn | 5.73 Bn |
| 2 | Royal Caribbean Cruises | 89.13 Bn | 86.27 Bn | 2.88 Bn | 519.00 Mn |
| 3 | Hilton Worldwide Holdings | 84.01 Bn | 80.77 Bn | 3.05 Bn | 2.42 Bn |
| 4 | Carnival | 42.11 Bn | 35.32 Bn | - | 4.63 Bn |
| 5 | Viking Holdings | 41.10 Bn | 26.23 Bn | 996.62 Mn | 268.67 Mn |
| 6 | Intercontinental Hotels | 28.99 Bn | 24.96 Bn | - | - |
| 7 | Trip.com | 27.73 Bn | -17.07 Bn | 1.84 Bn | 1.49 Bn |
| 8 | Hyatt Hotels | 17.88 Bn | 15.61 Bn | 384.00 Mn | 1.54 Bn |
| 9 | H World | 15.43 Bn | 6.85 Bn | 456.00 Mn | 753.00 Mn |
| 10 | U-Haul Holding | 11.92 Bn | 7.43 Bn | 1.64 Bn | 1.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.43 Bn |
| Mar 31, 2026 | 1.35 Bn |
| 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 |
API Access
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_KEYimport 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();