Filing Flows › Lennar (LEN) › Operating margin
Lennar (LEN) operating margin by quarter
Lennar's operating margin was 5.7% in Q3 FY26 (third quarter fiscal 2026), +0.7 pts from Q2 FY26. Over the last 7 quarters it ranged from 3.3% (Q1 FY26) to 13.7% (Q4 FY24).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 5.7% | +0.7 pts | -2.2 pts |
| Q2 FY26 | 5.0% | +1.8 pts | -2.5 pts |
| Q1 FY26 | 3.3% | -3.6 pts | — |
| Q4 FY25 | 6.9% | -1.1 pts | -6.8 pts |
| Q3 FY25 | 7.9% | +0.4 pts | — |
| Q2 FY25 | 7.5% | -6.2 pts | — |
| Q4 FY24 | 13.7% | — | — |
Q3 FY26 at a glance
Lennar, Q3 FY26: revenue $8.0B (-9% year over year), operating margin 5.7%, net earnings $284M, operating cash flow −$104M. The chart follows the revenue to costs, profit and cash.
Questions
What is Lennar's operating margin?
Lennar's operating margin was 5.7% in Q3 FY26 (third quarter fiscal 2026), +0.7 pts from Q2 FY26.
How has Lennar's operating margin changed?
Over the last 7 quarters it ranged from 3.3% (Q1 FY26) to 13.7% (Q4 FY24).