United Rentals

URI · Industrials · Market cap $66.0B

Q1 FY26 Jan 1 – Mar 31, 2026 reported Jul 22, 2026

Revenue$4B +7% year over year

Gross profit$1.5B

Operating profit$0.9B

Net profit$0.5B 13% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	4	100%	+7%
Owned equipment rentals	3	75%
Delivery and pick-up	0.3	8%
Sales of rental equipment	0.3	8%
Service and other revenues	0.1	2%
Re-rent revenue	0.1	2%
Sales of new equipment	0.1	2%
Cost of revenue	−2.5	62%
Gross profit	1.5	37% margin	+0pp
SG&A	−0.4	11%	−1pp
Other	−0.2	4%	+0pp
Operating profit	0.9	22% margin	+0pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.5	13%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.2	100%	+6%
Owned Equipment Rentals	2.9	69%	+5%
Other Rental Revenue	0.3	7%	+18%
Rental Equipment	0.3	7%	+4%
Delivery and Pick Up	0.3	7%	+5%
New Equipment	0.1	2%	+23%
Service and Other Revenues	0.1	2%	+0%
Rerent Revenue	0.1	2%	+3%
Cost of revenue	−2.6	62%
Gross profit	1.7	39% margin	−2pp
SG&A	−0.4	10%	+0pp
Other	−0.1	3%	+0pp
Operating profit	1.1	26% margin	−2pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.7	17%	−1pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.9	100%	+5%
Owned Equipment Rentals	2.7	69%	+5%
Rental Equipment	0.3	8%	−13%
Other Rental Revenue	0.3	8%	+10%
Delivery and Pick Up	0.3	8%	+10%
Service and Other Revenues	0.1	3%	+6%
New Equipment	0.1	3%	+23%
Rerent Revenue	0.1	3%	+3%
Cost of revenue	−2.4	62%
Gross profit	1.5	39% margin	−1pp
SG&A	−0.4	11%	+0pp
Other	−0.1	3%	+0pp
Operating profit	1	25% margin	−1pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.6	16%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Mar 31, 2026	Jul 22, 2026	$4B	+7%	22%	$0.5B	13%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 22, 2025	$4.2B	+6%	26%	$0.7B	17%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 23, 2025	$3.9B	+5%	26%	$0.6B	16%