--- title: "U-Haul | 8-K: FY2026 Revenue Beats Estimate at USD 6.038 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/287815058.md" datetime: "2026-05-27T20:13:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287815058.md) - [en](https://longbridge.com/en/news/287815058.md) - [zh-HK](https://longbridge.com/zh-HK/news/287815058.md) generator: "portal-rs" --- # U-Haul | 8-K: FY2026 Revenue Beats Estimate at USD 6.038 B Revenue: As of FY2026, the actual value is USD 6.038 B, beating the estimate of USD 6.015 B. EPS: As of FY2026, the actual value is USD 0.24, missing the estimate of USD 0.42. EBIT: As of FY2026, the actual value is USD 750.12 M. #### Outlook U-Haul Holding Company anticipates fleet depreciation to moderate by this time next year due to lower capital expenditures on rental trucks . Liability cost growth is expected to normalize, varying with fleet size and increasing with inflation . The company is managing costs associated with newly built but unrented storage units, which are well-located and expected to rent, and construction of additional storage units has been declining . #### Overall Company Performance - **Net Earnings Available to Shareholders:** - For the year ended March 31, 2026, net earnings were $83.1 million, a decrease from $367.1 million for the same period last year . - For the quarter ended March 31, 2026, net losses available to shareholders were -$127.8 million, compared with net losses of -$82.3 million for the same period last year . - **Consolidated Revenues:** - For the full year fiscal 2026, consolidated revenues were $6,037,819 thousand, up from $5,828,665 thousand in fiscal 2025 . - For the fourth quarter of fiscal 2026, consolidated revenues were $1,271,819 thousand, up from $1,233,509 thousand in the prior year quarter . - **Consolidated Earnings/Losses from Operations:** - For the full year fiscal 2026, consolidated earnings from operations were $432,621 thousand, a decrease from $716,154 thousand in fiscal 2025 . - For the fourth quarter of fiscal 2026, consolidated losses from operations were -$76,059 thousand, compared to -$42,776 thousand in the fourth quarter of fiscal 2025 . #### Moving and Storage Segment - **Revenues:** - For the full year fiscal 2026, Moving and Storage segment revenues were $5,686,690 thousand, an increase from $5,492,774 thousand in fiscal 2025 . - For the fourth quarter of fiscal 2026, revenues were $1,180,114 thousand, up from $1,153,414 thousand in the prior year quarter . - **Earnings from Operations (before consolidation of equity in earnings of insurance subsidiaries):** - For the full year, earnings decreased by $295.5 million compared to fiscal 2025 . - For the fourth quarter, earnings decreased by $39.9 million compared to fiscal 2025 . - **Operational Costs Impacting Earnings:** - Losses from the disposal of retired rental equipment accounted for $2.1 million of the decrease in the fourth quarter and $117.6 million for the full year . - Fleet depreciation expense increased by $40.6 million in the fourth quarter and $186.6 million for the full year . - Liability costs decreased by $1.8 million for the fourth quarter but increased by $76.4 million for the full year . - **Adjusted EBITDA:** - For the full year ended March 31, 2026, adjusted EBITDA increased by $26.1 million to $1,645.9 million compared with fiscal 2025 . - For the fourth quarter, adjusted EBITDA increased by $5.7 million to $223.0 million . ##### Self-Storage Operations - **Revenues:** - For the full year fiscal 2026, self-storage revenues increased by $74.5 million, or 8.3%, compared to fiscal 2025 . - In the fourth quarter of fiscal 2026, self-storage revenues increased by $16.3 million, or 7.1%, compared to the prior year quarter . - **Occupancy and Revenue Metrics:** - Same store occupancy decreased by 5.4% to 86.1% for the fourth quarter of fiscal 2026 . - Revenue per foot increased by 6.5% for the fourth quarter . - The number of locations qualifying for the same store pool increased by 55 . - As of March 31, 2026, total self-storage square footage was 73,651 thousand, with an average monthly occupancy rate of 74.4% for the full year . - **Development:** - During the fourth quarter of fiscal 2026, U-Haul Holding Company added 12 new locations with storage and 1.0 million net rentable square feet (NRSF) . - The company has approximately 11.7 million NRSF in development or pending . ##### Self-Moving Equipment Rental - **Revenues:** - For the full year fiscal 2026, self-moving equipment rental revenues increased by $86.4 million, or 2.3%, compared to fiscal 2025 . - For the fourth quarter of fiscal 2026, these revenues increased by $11.7 million, or 1.6% . - **Transaction Metrics:** - One-way transactions increased, and in-town revenue per transaction grew compared to fiscal 2025 . - Revenue per transaction was flat overall . #### Insurance Segments - **Property and Casualty Insurance:** - For the full year fiscal 2026, revenues were $141,202 thousand, up from $125,164 thousand in fiscal 2025 . - For the full year fiscal 2026, earnings from operations were $67,197 thousand, up from $54,745 thousand in fiscal 2025 . - **Life Insurance:** - For the full year fiscal 2026, revenues were $221,753 thousand, slightly down from $221,869 thousand in fiscal 2025 . - For the full year fiscal 2026, earnings from operations were $15,308 thousand, down from $16,642 thousand in fiscal 2025 . #### Debt and Liquidity - Cash and credit availability at the Moving and Storage operating segment was $1,479.4 million as of March 31, 2026, compared to $1,347.5 million as of March 31, 2025 . - Total debt was $8,124,949 thousand as of March 31, 2026, up from $7,229,341 thousand as of March 31, 2025 . - Cash and cash equivalents were $1,120,147 thousand as of March 31, 2026, compared to $988,828 thousand as of March 31, 2025 . - The net debt to adjusted EBITDA ratio was 4.3 as of March 31, 2026 . - The net debt to total assets ratio was 38.0% as of March 31, 2026 . - As of March 31, 2026, 6.7% of debt was floating and 93.3% was fixed . #### Capital Allocation and Dividends - On May 22, 2026, the U-Haul Holding Company Board of Directors authorized a $350 million share repurchase plan across both classes of shares . - A cash dividend of $0.05 per share on Non-Voting Common Stock was declared on March 4, 2026, and paid on March 27, 2026 . ### Related Stocks - [UHAL.B.US](https://longbridge.com/en/quote/UHAL.B.US.md) ## Related News & Research - [Northann amends 8-K to file former auditor LAO Professionals’ letter on resignation](https://longbridge.com/en/news/296825824.md) - [CTRN: Double-digit sales growth and margin expansion drove a raised outlook for fiscal 2026](https://longbridge.com/en/news/296900787.md) - [NAPC Defense announces availability of fiscal 2026 Form 10-K report](https://longbridge.com/en/news/296821941.md) - [Skye Bio amends 8-K to set Aug. 24 effective date for reverse stock split](https://longbridge.com/en/news/296471274.md) - [Xcel Energy sets BRL 0.26 per unit distribution for payment Oct. 26, 2026](https://longbridge.com/en/news/296646864.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**