U-Haul Holding (UHAL) Operating Margin (2010 - 2026)
U-Haul Holding's Operating Margin came in at 2.38% for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 8.48 percentage points from 10.86% a year earlier and down 10.27 percentage points from the prior quarter.
U-Haul Holding (UHAL) Operating Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, U-Haul Holding reported Operating Margin of 7.77%, down 4.83 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it came in at 12.29%, down 5.09 percentage points from FY2024.
- Operating Margin has declined in each of the last three fiscal years, with a five-year change of -1.29 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Operating Margin was 17.38% in FY2024 (-7.27 pp), 24.65% in FY2023 (-4.01 pp), 28.66% in FY2022 (+7.50 pp) and 21.16% in FY2021 (+7.59 pp).
- The five-year range for quarterly Operating Margin is -3.81% (fiscal Q4 2024) to 34.77% (fiscal Q2 2022).
- Year-over-year, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of -6.03 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q1 2022 (a gain of 17.95 percentage points), and the weakest in fiscal Q4 2024 (a drop of 13.08 percentage points).
- Business Quant data shows UHAL's Operating Margin at 12.65% (Q2 2026), 15.79% (Q1 2026) and -3.47% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.41 Bn | 107.68 Bn | 1.54 Bn | 18.19% |
| 2 | Royal Caribbean Cruises | 89.13 Bn | 86.27 Bn | 2.88 Bn | 33.46% |
| 3 | Hilton Worldwide Holdings | 84.01 Bn | 80.77 Bn | 3.05 Bn | 27.34% |
| 4 | Carnival | 42.11 Bn | 35.32 Bn | - | 26.32% |
| 5 | Viking Holdings | 41.10 Bn | 26.23 Bn | 996.62 Mn | 29.40% |
| 6 | Intercontinental Hotels | 28.99 Bn | 24.96 Bn | - | - |
| 7 | Trip.com | 27.73 Bn | -17.07 Bn | 1.84 Bn | -9.36% |
| 8 | Hyatt Hotels | 17.88 Bn | 15.61 Bn | 384.00 Mn | -66.38% |
| 9 | H World | 15.43 Bn | 6.85 Bn | 456.00 Mn | 31.05% |
| 10 | U-Haul Holding | 11.92 Bn | 7.43 Bn | 1.64 Bn | 14.90% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.90% |
| Mar 31, 2026 | -5.98% |
| Dec 31, 2025 | 2.38% |
| Sep 30, 2025 | 12.65% |
| Jun 30, 2025 | 15.79% |
| Mar 31, 2025 | -3.47% |
| Dec 31, 2024 | 10.86% |
| Sep 30, 2024 | 18.21% |
| Jun 30, 2024 | 19.78% |
| Mar 31, 2024 | -3.81% |
| Dec 31, 2023 | 14.75% |
| Sep 30, 2023 | 25.60% |
| Jun 30, 2023 | 25.95% |
| Mar 31, 2023 | 9.26% |
| Dec 31, 2022 | 23.27% |
| Sep 30, 2022 | 30.53% |
| Jun 30, 2022 | 31.01% |
| Mar 31, 2022 | 13.06% |
| Dec 31, 2021 | 29.67% |
| Sep 30, 2021 | 34.77% |
U-Haul Holding Operating Margin 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-margin&ticker=UHAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=UHAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();