Filing Flows › Horton D R (DHI) › Q4 FY26
Horton D R (DHI) Q4 FY26 earnings results (fourth quarter fiscal 2026)
8-K filed Oct 29, 2026
Horton D R (DHI) reported revenue of $9.4B for the fourth quarter fiscal 2026 (Q4 FY26), -3% from a year earlier and +2% from the quarter before. Operating margin was 10.8%, net earnings $742M (7.9% of revenue).
Horton D R, Q4 FY26: revenue $9.4B (-3% year over year), operating margin 10.8%, net earnings $742M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.4B | +2% | -3% |
| Operating profit | $1.0B | -17% | -16% |
| Net earnings | $742M | -18% | -18% |
| Operating cash flow | $2.6B | +498% | +6% |
| Free cash flow | $2.6B | +548% | +6% |
What changed
Revenue was $9.4B in Q4 FY26, down 3% year over year and up 2% from the previous quarter.
Operating profit was $1.0B, a 10.8% margin (down 1.6 points year over year). Total costs fell 1% while revenue fell 3%. Net earnings were $0.74B, down 18% year over year. The effective tax rate was 25.2%.
Operating cash flow was $2.6B (up 6% year over year), 346% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $1.8B. Capital expenditures of $0.05B left free cash flow of $2.6B.
Questions
What was Horton D R's revenue in the fourth quarter fiscal 2026?
Horton D R (DHI) reported revenue of $9.4B for the fourth quarter fiscal 2026 (Q4 FY26), -3% from a year earlier and +2% from the quarter before.
Was Horton D R profitable in the fourth quarter fiscal 2026?
Operating profit was $1.0B (10.8% of revenue) and net earnings $742M.
Source: Horton D R 8-K on SEC EDGAR.