Filing Flows › NVR (NVR) › Q3 2026
NVR (NVR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
NVR (NVR) reported revenue of $2.4B for the third quarter 2026 (Q3 2026), -8% from a year earlier and +3% from the quarter before. Operating margin was 13.9%, net earnings $249M (10.3% of revenue).
NVR, Q3 2026: revenue $2.4B (-8% year over year), operating margin 13.9%, net earnings $249M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +3% | -8% |
| Operating profit | $335M | +5% | -25% |
| Net earnings | $249M | +5% | -27% |
| Operating cash flow | $224M | — | -49% |
| Free cash flow | $205M | — | -53% |
What changed
Revenue was $2.4B in Q3 2026, down 8% year over year and up 3% from the previous quarter. Home Building Segment was the largest line at 98% of revenue. Home Building Segment lost $0.21B year over year (down 8%), 102% of the total change.
Operating profit was $0.33B, a 13.9% margin (down 3.1 points year over year). Total costs fell 5% while revenue fell 8%. Net earnings were $0.25B, down 27% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.22B (down 49% year over year), 90% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.02B left free cash flow of $0.21B.
Questions
What was NVR's revenue in the third quarter 2026?
NVR (NVR) reported revenue of $2.4B for the third quarter 2026 (Q3 2026), -8% from a year earlier and +3% from the quarter before.
Was NVR profitable in the third quarter 2026?
Operating profit was $335M (13.9% of revenue) and net earnings $249M.
Source: NVR 10-Q on SEC EDGAR.