FINHUB Insights

URI · Q1 FY26 · Jan 1 – Mar 31, 2026

United Rentals Q1 FY26: where the revenue came from and where it went

United Rentals Q1 FY26: revenue $4B (+7% year over year). Net profit $0.5B. Largest cohort Owned equipment rentals $3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Jul 22, 2026 10-Q
Sankey diagram of United Rentals's income statement for Q1 FY26: revenue of $4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4B +7% year over year
Gross profit$1.5B 37% margin
Operating profit$0.9B 22% margin
Net profit$0.5B 13% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear 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−2.562%
Gross profit1.537% margin+0pp
SG&A−0.411%−1pp
Other−0.24%+0pp
Operating profit0.922% margin+0pp
Tax−0.2
Interest & other costs−0.2
Net profit0.513%−1pp
Filing on EDGAR More quarters of URI

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters