| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.4K | 17.7% | 1.9% |
| Total Income | 1.4K | 17.7% | 1.9% |
| Expenditure | 1.4K | 8.0% | 11.6% |
| PBT | 51.58 | 62.3% | 42.3% |
| Net Profit | 36.97 | 65.0% | 45.0% |
| OPM | 2.38% | 10.27pp | 8.48pp |
| NPM | 2.61% | 3.53pp | 2.23pp |
| EPS | — |
U-Haul Holding Company Reports Q3 FY26 Results
04 May 2026 · 4 May, 1:28 am
Summary
U-Haul Holding Company reported a net loss of ($37.0) million for the third quarter of fiscal year 2026, a decrease compared to the net earnings of $67.2 million for the same period last year. The company's earnings per share for Non-Voting Shares also decreased to ($0.18) from $0.35 year-over-year. For the nine-month period, net earnings available to shareholders were $210.9 million, down from $449.4 million in the previous year. Self-storage revenues saw an increase of 7.9%, while self-moving equipment rental revenues increased by 0.9%.
Key Highlights
- 1
U-Haul Holding Company reported net losses available to common shareholders of ($37.0) million for the third quarter ended December 31, 2025, compared to net earnings of $67.2 million for the same period last year.
- 2
Earnings per share for Non-Voting Shares were ($0.18) for the third quarter of fiscal 2026, compared to $0.35 for the same period in fiscal 2025.
- 3
For the nine-month period ended December 31, 2025, net earnings available to shareholders were $210.9 million, compared with net earnings of $449.4 million for the same period last year.
- 4
Self-storage revenues increased by $17.9 million, or 7.9%, versus the third quarter of fiscal year 2025.
- 5
Self-moving equipment rental revenues increased $7.6 million, or 0.9%, compared with the third quarter of fiscal year 2025, primarily from In-Town rentals.
- 6
Moving and Storage earnings before interest, taxes, depreciation and amortization adjusted (EBITDA), decreased $41.7 million to $335.0 million compared to the third quarter of fiscal 2025.
- 7
Cash and credit availability at the Moving and Storage segment was $1,475.0 million as of December 31, 2025 compared with $1,347.5 million at March 31, 2025.
Management Comments
Joe Shoen
“We continue to undermine earnings with fleet depreciation and poor resale results. I expect that this will bottom out this calendar year. We have underutilized capacity in both fleet and self-storage. I anticipate improving market penetration in U-Move. Today, we are even with our self-storage peers and need to set ourselves apart to impact top line revenue. As always, the customer will determine the winners and losers.”
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