U-Haul Holding Company reported a consolidated revenue of $6.04 billion for the fiscal year ending March 31, 2026, marking an increase of 3.6% from $5.83 billion in the previous fiscal year. The company's net earnings available to common stockholders were $83.1 million, a significant decline from $367.1 million in fiscal 2025. This decrease in profitability was attributed to rising operational costs, including a $492.7 million increase in total costs and expenses, which included higher personnel costs and depreciation expenses related to the rental fleet.
The Moving and Storage segment, which constitutes the majority of U-Haul's operations, generated revenues of approximately $5.69 billion, up from $5.49 billion in the prior year. This growth was driven by a combination of increased rental transactions and an expanded fleet of rental trucks and trailers. The self-storage revenues also saw a notable increase, rising by $74.5 million to $972.4 million, supported by a 5% improvement in average revenue per occupied foot and an increase in occupancy rates.
U-Haul's operational metrics indicated a strong customer engagement, with the average number of occupied self-storage rooms increasing by 25,000 over the fiscal year. The company also expanded its rental fleet, which included approximately 204,800 trucks and 136,600 trailers as of March 31, 2026. The total employee headcount stood at approximately 34,700, reflecting the company's commitment to enhancing customer service and operational efficiency.
Strategically, U-Haul has focused on expanding its independent dealer network and enhancing its digital platforms, including the U-Haul app, to improve customer convenience. The company has also invested in its U-Box program, which provides portable moving and storage solutions. Looking ahead, U-Haul anticipates continued investment in its rental fleet and self-storage facilities, although it expects capital expenditures to decrease in fiscal 2027 due to economic conditions and market competition.
In summary, while U-Haul Holding Company experienced revenue growth in fiscal 2026, its profitability was impacted by rising costs. The company remains focused on strategic initiatives to enhance customer service and operational efficiency, with a cautious outlook for the upcoming fiscal year.
About U-Haul Holding Co /NV/
U-Haul Holding Company is North America's leading provider of do-it-yourself moving and storage solutions. It offers truck and trailer rentals, self-storage units, moving supplies, and towing accessories through a vast network of retail stores and independent dealers. The company emphasizes convenience, sustainability, and innovation, serving residential and commercial customers across the U.S. and Canada with integrated products, services, and digital platforms.
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