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The financials
United Rentals by the numbers
United Rentals (URI) reported revenue of $3.98B in Q1 2026 (quarter ended Mar 31, 2026), up 7.2% from the same quarter a year earlier. That came with a gross margin of 37% and net income of $531M (13% of revenue). For the full year FY2025, revenue was $16.1B (+4.9% year on year) and net income $2.49B. Its largest product in Jun 2026 was Owned Equipment Rentals at $2.99B, 66% of the disclosed total, well ahead of Ancillaryand Other Rental at 9.6%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $3.98B | $3.72B | +7.2% |
| Gross profit | $1.47B | $1.36B | +8.3% |
| Operating income | $869M | $804M | +8.1% |
| Net income | $531M | $518M | +2.5% |
| Diluted EPS | $8.43 | $7.91 | +6.6% |
| Product | Revenue | Share |
|---|---|---|
| Owned Equipment Rentals | $2.99B | 66% |
| Ancillaryand Other Rental | $433M | 9.6% |
| Delivery And Pick Up | $341M | 7.6% |
| Rental Equipment | $330M | 7.3% |
| Serviceand Other | $101M | 2.2% |
| Other Rental | $92M | 2.0% |
| Rerent | $88M | 2.0% |
| New Equipment | $86M | 1.9% |
| Contractor Supplies | $44M | 1.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $4.51B (+11%)
Other Rental grew +84% year on yearRental Equipment +4.1% year on year
Segment Latestquarter on quarteryear on year
- Owned Equipment Rentals$2.99B$2.99BQoQ +11%year on year +9.0%+11%+9.0%
- Ancillary and Other Rental$433.0M$433.0MQoQ +19%year on year +26%+19%+26%
- Delivery And Pick Up$341.0M$341.0MQoQ +24%year on year +16%+24%+16%
- Rental Equipment$330.0M$330.0MQoQ -5.7%year on year +4.1%-5.7%+4.1%
- Service and Other$101.0M$101.0MQoQ +9.8%year on year +6.3%+9.8%+6.3%
- Other Rental$92.0M$92.0MQoQ +3.4%year on year +84%+3.4%+84%
- Rerent$88.0M$88.0MQoQ +13%year on year +47%+13%+47%
- New Equipment$86.0M$86.0MQoQ +2.4%year on year +15%+2.4%+15%
- Contractor Supplies$44.0M$44.0MQoQ +10%year on year +7.3%+10%+7.3%
Rental & Leasing Services
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