Filing Flows › Toll Brothers (TOL) › Guidance history
Toll Brothers (TOL) guidance history: what it guided and what it reported
Toll Brothers gave guidance in 12 earnings releases on file since Dec 5, 2023. Of 8 guided periods since reported, it met or beat its own guidance 8 times (100%). Tax rate: 8 of 8, on average -0.5 pts against the guided midpoint. Its releases raised guidance 4 times and lowered it 0 times.
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | 26.0% (Aug 18, 2026) | — | to be reported | — |
| Q3 FY26 | 25.2% (May 19, 2026) | — | — | — |
| Q2 FY26 | 25.5% (Feb 17, 2026) | — | — | — |
| FY26 | 26.0% (Dec 8, 2025) → raised 26.5% (Feb 17, 2026) → lowered 26.2% (May 19, 2026) → lowered 26.1% (Aug 18, 2026) | — | to be reported | — |
| Q1 FY26 | 26.2% (Dec 8, 2025) | — | — | — |
| Q4 FY25 | 27.0% (Aug 19, 2025) | — | — | — |
| Q3 FY25 | 27.2% (May 20, 2025) | — | — | — |
| FY25 | 26.9% (Feb 18, 2025) → raised 27.2% (May 20, 2025) → raised 27.5% (Aug 19, 2025) | — | — | — |
| Q2 FY25 | 26.9% (Feb 18, 2025) | — | — | — |
| Q1 FY25 | 26.2% (Dec 9, 2024) | — | — | — |
Tax rate
Met or beat 8 of 8 periods (0 above, 3 within, 5 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | 26.0% (Aug 18, 2026) | — | to be reported | — |
| Q3 FY26 | 26.0% (May 19, 2026) | 25.2% | below the range | -0.8 pts |
| Q2 FY26 | 26.0% (Feb 17, 2026) | 25.6% | below the range | -0.4 pts |
| Q1 FY26 | 23.2% (Dec 8, 2025) | 22.9% | below the range | -0.3 pts |
| FY26 | 25.5% (Dec 8, 2025) → reaffirmed 25.5% (Feb 17, 2026) → reaffirmed 25.5% (May 19, 2026) → lowered 25.2% (Aug 18, 2026) | — | to be reported | — |
| Q4 FY25 | 25.5% (Aug 19, 2025) | 24.6% | below the range | -0.9 pts |
| FY25 | 25.5% (May 20, 2025) → lowered 25.1% (Aug 19, 2025) | 24.8% | within the range | -0.3 pts |
| Q3 FY25 | 26.0% (May 20, 2025) | 26.0% | within the range | +0.0 pts |
| Q2 FY25 | 26.0% (Feb 18, 2025) | 26.2% | within the range | +0.2 pts |
| Q1 FY25 | 22.0% (Dec 9, 2024) | — | — | — |
EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $2.19 (Feb 17, 2026) → raised $2.72 (May 19, 2026) → raised $2.97 (Aug 18, 2026) | — | to be reported | — |
| FY25 | $3.50 (May 20, 2025) → raised $3.73 (Aug 19, 2025) | — | — | — |
| Q2 FY25 | $1.75 (Feb 18, 2025) | — | — | — |
| Q1 FY25 | $4.63 (Dec 9, 2024) | — | — | — |
| FY24 | $4.11 (Dec 5, 2023) → lowered $2.25 (Feb 20, 2024) → raised $4.55 (May 21, 2024) → lowered $3.60 (Aug 20, 2024) | — | — | — |
Other income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY25 | $110M (Feb 18, 2025) | — | — | — |
| FY24 | $260M (May 21, 2024) | — | — | — |
The latest quarter
Toll Brothers, Q3 FY26: revenue $2.7B (-10% year over year), operating margin 13.5%, net earnings $280M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
Questions
Does Toll Brothers beat its guidance?
Toll Brothers gave guidance in 12 earnings releases on file since Dec 5, 2023. Of 8 guided periods since reported, it met or beat its own guidance 8 times (100%). Tax rate: 8 of 8, on average -0.5 pts against the guided midpoint.
How often does Toll Brothers raise guidance?
Its earnings releases raised guidance 4 times and lowered it 0 times since Dec 5, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.