U-Haul Holding Company

Latest Results (12.11.2025):

In its second quarter fiscal 2026 report ending September 30, 2025, U-Haul Holding Company reported net earnings available to common shareholders of $105.6 million, down from $186.8 million in the same period last year. The report highlights mixed performance with revenue gains in key segments—such as self-storage and self-moving equipment rental—offset by increased fleet depreciation expenses and losses on retired equipment, contributing to a challenging profit environment.

Quarterly Earnings Decline

U-Haul Holding Company’s Q2 net earnings dropped to $105.6 million (Non-Voting EPS of $0.54) compared to $186.8 million (Non-Voting EPS of $0.96) a year ago, reflecting higher costs from fleet depreciation and equipment disposal losses.

Segment Revenue & EBITDA Growth

Despite overall earnings pressures, the Moving and Storage segment showed a solid performance with an EBITDA increase of $31.6 million to $542.6 million, while self-storage revenues rose by 9.7% and self-moving equipment rental revenues increased by 2.1% compared to the previous fiscal year.

Cost Increases & Operational Challenges

Cost challenges are evident, with fleet depreciation expense rising by $50.6 million and losses from the disposal of retired equipment increasing by $56.1 million during the quarter, contributing to the decline in profitability amid robust revenue generation.

Dividend & Financial Position

In addition to the earnings update, U-Haul Holding Company declared a cash dividend of $0.05 per share on its Non-Voting Common Stock and reported strong liquidity with cash and credit availability at $1,376.0 million as of September 30, 2025.