URI · Q2 2026

Archived report (Q2 2026). Latest deep dive →

US GAAP, Q2 2026 · quarter ended 06/30/2026 · released Jul 22

The quarter in brief

Revenue grew 11.8% y⁠/⁠y to $4.41B, operating margin 25.8% vs 25.4%, net income $753M (+21.1% y⁠/⁠y).

Net income

$753M

up 21.1% y/y

Total revenues

$4,410M

up 11.8% y/y

Operating income

$1,138M

up 13.5% y/y

Gross profit

$1,732M

up 13.0% y/y

All figures in $M.

Sankey diagram of URI earnings report for Q2 2026: revenue, costs and profit
Line item	Amount and change
Equipment rentals	$3,849 · +12.7%
Sales of rental equipment	$330 · +4.1%
Sales of new equipment	$86 · +14.7%
Contractor supplies sales	$44 · +7.3%
Service and other revenues	$101 · +6.3%
Total revenues	$4,410 · +11.8%
Cost of equipment rentals, excluding depreciation	$1,644 · +13.9%
Depreciation of rental equipment	$704 · +8.1%
Cost of rental equipment sales	$176 · +2.9%
Cost of new equipment sales	$68 · +11.5%
Cost of contractor supplies sales	$30 · +7.1%
Cost of service and other revenues	$56 · +0.0%
Gross profit	$1,732 · +13.0% · 39.3% margin
Selling, general and administrative expenses	$472 · +11.8%
Restructuring charge	$6 · vs $0
Non-rental depreciation and amortization	$116 · +7.4%
Operating income	$1,138 · +13.5% · 25.8% margin
Interest expense, net	$178 · +4.1%
Other income, net	$47 · +571%
Income before provision for income taxes	$1,007 · +20.0%
Provision for income taxes	$254 · +17.1% · 25.2% effective rate
Net income	$753 · +21.1% · $12.03/sh · 17.1% margin

Verdict: revenue grew 11.8% y/y to $4.41B, operating margin 25.8% vs 25.4%, net income $753M (+21.1% y/y).

United Rentals returned $998 million to shareholders year-to-date: $750 million via share repurchases and $248 million via dividends.

Source and notation

Source: United Rentals press release, 8-K EX-99.1 of 07/22/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against the company's 10-Q.

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URI — an equipment rental company operating mainly in the United States and Canada, with a smaller presence in Europe, Australia and New Zealand, that rents construction, aerial and industrial equipment and tools, plus specialty gear for trench safety, power, fluids and mobile storage.

It reports two segments: general rentals and specialty (31.7% of 2025 revenues). · Source: annual report (Form 10-K, SEC)

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URI · Q2 2026

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