United Rentals Q1 FY26: where the revenue came from and where it went
The whole income statement of United Rentals for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 22, 2026
Revenue$3.99B
+7% year over year
Gross profit$1.47B
37% margin
Operating profit$0.87B
22% margin
Net profit$0.53B
13% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.99 | 100% | +7% |
| Owned equipment rentals | 2.69 | 67% | +6% |
| Other rental | 0.38 | 10% | +24% |
| Rental equipment | 0.35 | 9% | −7% |
| Delivery & pick up | 0.27 | 7% | +9% |
| Service & other | 0.09 | 2% | +1% |
| New equipment | 0.08 | 2% | +20% |
| Rerent | 0.08 | 2% | +24% |
| Contractor supplies | 0.04 | 1% | +11% |
| Cost of revenue | −2.52 | 63% | |
| Gross profit | 1.47 | 37% margin | +0pp |
| SG&A | −0.44 | 11% | −1pp |
| Other | −0.16 | 4% | +0pp |
| Operating profit | 0.87 | 22% margin | +0pp |
| Interest & other costs | −0.17 | ||
| Tax | −0.17 | ||
| Net profit | 0.53 | 13% margin | −1pp |
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