United Rentals Quarterly Income Statement
NYSE: URIConsumer DiscretionaryDiversified Commercial ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
United Rentals revenue and earnings
In the quarter ended Mar 31, 2026, United Rentals generated $3.98 billion in revenue, up 7.2% from the same quarter a year earlier. Net income was $531.0 million (+2.5% year over year), for a net margin of 13.3% versus a median of 15.8% in the prior 5 quarters. Gross margin was 36.9% (up from 36.5%) and operating margin 21.8%.
Diluted earnings per share came in at $8.43, up from $7.91.
Summary generated from market data by MetaCap's automated system. Methodology
United Rentals income statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.98B | 4.21B | 4.23B | 3.94B | 3.72B | 4.09B | 3.99B | 3.77B | 3.48B | 3.73B | 3.77B | 3.55B |
| Revenue growth (YoY) | +7.15% | +2.76% | +5.94% | +4.51% | +6.71% | +9.84% | +6.03% | +6.16% | +6.09% | +13.11% | +23.40% | +28.26% |
| Cost of Revenue | 2.52B | 2.62B | 2.56B | 2.41B | 2.36B | 2.46B | 2.34B | 2.25B | 2.14B | 2.17B | 2.18B | 2.13B |
| Gross Profit | 1.47B | 1.59B | 1.67B | 1.53B | 1.36B | 1.64B | 1.65B | 1.52B | 1.35B | 1.56B | 1.58B | 1.43B |
| Operating Expenses | 600.00M | 538.00M | 551.00M | 530.00M | 552.00M | 551.00M | 526.00M | 514.00M | 494.00M | 499.00M | 486.00M | 500.00M |
| Selling, General & Admin | 441.00M | 431.00M | 442.00M | 422.00M | 437.00M | 436.00M | 416.00M | 404.00M | 389.00M | 393.00M | 374.00M | 378.00M |
| Operating Income | 869.00M | 1.05B | 1.11B | 1.00B | 804.00M | 1.09B | 1.12B | 1.00B | 852.00M | 1.06B | 1.10B | 925.00M |
| Other Income (Expense) | 8.00M | 5.00M | 1.00M | 7.00M | 68.00M | 2.00M | 5.00M | 4.00M | 3.00M | 0 | 7.00M | 8.00M |
| Pretax Income | 701.00M | 874.00M | 937.00M | 839.00M | 688.00M | 909.00M | 949.00M | 835.00M | 695.00M | 902.00M | 943.00M | 772.00M |
| Income Tax | 170.00M | 221.00M | 236.00M | 217.00M | 170.00M | 220.00M | 241.00M | 199.00M | 153.00M | 223.00M | 240.00M | 181.00M |
| Net Income | 531.00M | 653.00M | 701.00M | 622.00M | 518.00M | 689.00M | 708.00M | 636.00M | 542.00M | 679.00M | 703.00M | 591.00M |
| Net Income growth (YoY) | +2.51% | -5.22% | -0.99% | -2.20% | -4.43% | +1.47% | +0.71% | +7.61% | +20.18% | +6.26% | +16.01% | +19.88% |
| EPS (Basic) | 8.44 | 10.30 | 10.93 | 9.59 | 7.92 | 10.50 | 10.73 | 9.56 | 8.06 | 10.04 | 10.30 | 8.60 |
| EPS (Diluted) | 8.43 | 10.27 | 10.91 | 9.59 | 7.91 | 10.47 | 10.70 | 9.54 | 8.04 | 10.01 | 10.29 | 8.58 |
| Shares Outstanding (Basic) | 62.93M | — | 64.16M | 64.89M | 65.33M | — | 66.02M | 66.56M | 67.21M | — | 68.15M | 68.72M |
| Shares Outstanding (Diluted) | 63.03M | — | 64.28M | 64.95M | 65.44M | — | 66.19M | 66.71M | 67.42M | — | 68.26M | 68.84M |
| EBITDA | 983.00M | 1.16B | 1.22B | 1.11B | 918.00M | 1.20B | 1.23B | 1.11B | 956.00M | 1.17B | 1.21B | 1.03B |
| Gross Margin | 36.86% | 37.79% | 39.37% | 38.88% | 36.46% | 40.00% | 41.28% | 40.23% | 38.62% | 41.90% | 42.10% | 40.10% |
| Operating Margin | 21.81% | 25.00% | 26.34% | 25.44% | 21.62% | 26.54% | 28.11% | 26.61% | 24.45% | 28.51% | 29.19% | 26.03% |
| Net Margin | 13.32% | 15.52% | 16.58% | 15.77% | 13.93% | 16.83% | 17.74% | 16.86% | 15.55% | 18.21% | 18.67% | 16.63% |
This table shows 12 quarterly periods of United Rentals's income statement, from Q1 2026 back to Q2 2023, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow URI's reporting calendar. What is a income statement?