Filing Flows › NVR (NVR) › Q3 2026 › vs Q2 2026
NVR (NVR) Q3 2026 vs Q2 2026 (quarter over quarter)
NVR's revenue rose $76.1M (+3%) from $2.3B in Q2 2026 to $2.4B in Q3 2026. The biggest changes: Home Building Segment +$69.5M (+3%); Mortgage Banking +$6.6M (+14%). Operating margin 13.9% against 13.7% (+0.2 pts).
NVR, Q3 2026: revenue $2.4B (-8% year over year), operating margin 13.9%, net earnings $249M, operating cash flow $224M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.9% | 13.7% | +0.2 pts |
| Net margin | 10.3% | 10.2% | +0.2 pts |
| Free cash flow margin | 8.5% | -6.8% | +15.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Home Building Segment | $2.3B | $2.3B | $69.5M | +3% |
| Mortgage Banking | $53.1M | $46.6M | $6.6M | +14% |
| Revenue | $2.4B | $2.3B | $76.1M | +3% |
| Operating profit | $335M | $319M | $16.0M | +5% |
| Costs & expenses | $2.1B | $2.0B | $60.0M | +3% |
| Pre-tax earnings | $335M | $319M | $16.0M | +5% |
| Net earnings | $249M | $236M | $12.1M | +5% |
| Income tax | $86.1M | $82.2M | $3.9M | +5% |
| Depreciation & amortization | $6.7M | $6.4M | $225K | +3% |
| Share-based compensation | $22.8M | $19.3M | $3.5M | +18% |
| Working capital & other | $54.1M | $414M | −$360M | -87% |
| Operating cash flow | $224M | −$152M | $375M | — |
| Free cash flow (OCF − capex) | $205M | −$158M | $363M | — |
| Capital expenditures | $18.9M | $6.2M | $12.7M | +207% |
Questions
How much did NVR's revenue grow quarter over quarter in Q3 2026?
NVR's revenue rose $76.1M (+3%) from $2.3B in Q2 2026 to $2.4B in Q3 2026.
What drove NVR's revenue change in Q3 2026?
Home Building Segment +$69.5M (+3%); Mortgage Banking +$6.6M (+14%).