U-Haul Holding Company
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.04B | $5.83B | $5.63B | $5.86B | $5.74B | $4.54B | $3.98B | $3.77B |
| Cost of Revenue | $246.9M | $234.1M | $241.6M | $263.0M | $259.6M | $214.1M | $164.0M | $162.1M |
| Gross Profit | $5.79B | $5.59B | $5.38B | $5.60B | $5.48B | $4.33B | $3.81B | $3.61B |
| Gross Margin | 95.9% | 96.0% | 95.7% | 95.5% | 95.5% | 95.3% | 95.9% | 95.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $432.6M | $716.2M | $977.8M | $1.45B | $1.65B | $961.1M | $540.1M | $621.0M |
| Operating Margin | 7.2% | 12.3% | 17.4% | 24.6% | 28.7% | 21.2% | 13.6% | 16.5% |
| Interest Expense | $364.8M | $295.7M | $256.2M | $224.0M | $167.4M | $163.5M | $161.0M | $142.4M |
| Pretax Income | $112.6M | $477.5M | $840.2M | $1.22B | $1.48B | $796.7M | $378.1M | $477.5M |
| Income Tax Expense | $29.5M | $110.4M | $211.5M | $294.9M | $352.2M | $185.8M | $-63.9M | $106.7M |
| Net Income | $83.1M | $367.1M | $628.7M | $924.5M | $1.12B | $610.9M | $442.0M | $370.9M |
| Net Margin | 1.4% | 6.3% | 11.2% | 15.8% | 19.6% | 13.4% | 11.1% | 9.8% |
| EPS (Basic) | — | — | $3.04 | — | $57.29 | $31.15 | $22.55 | — |
| EPS (Diluted) | — | — | $3.04 | — | — | — | — | — |
| Shares Outstanding (Basic) | 196.1M | 196.1M | 196.1M | — | 19.6M | 19.6M | 19.6M | 19.6M |
| Shares Outstanding (Diluted) | 196.1M | 196.1M | 196.1M | — | 19.6M | 19.6M | 19.6M | 19.6M |
| Dividends Per Share | — | — | — | $1.00 | $1.50 | $2.50 | $1.00 | $2.00 |