How U-Haul Holding makes money

Period

FY2026

How does U-Haul Holding make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

U-Haul Holding Company · FY2026 · year ended 2026-03-31

Revenue$6.0BGross profit$5.8B · 96%Cost of revenue$247M · 4%Operating income$433M · 7%Operating expenses$5.4B · 89%Other opex$5.4B · 89%Pre-tax income$113M · 2%Other expense$320M · 5%Net income$83M · 1%Income tax$30M · 0%Property Available For Contract Lease$4.9B · 81%Accident & Health Insurance Segment$192M · 3%Other Insurance Product Line$163M · 3%Other revenue$761M · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.