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Toll Brothers (TOL) operating margin by quarter

Toll Brothers' operating margin was 13.5% in Q3 FY26 (third quarter fiscal 2026), -0.2 pts from Q2 FY26. Over the last 7 quarters it ranged from 10.2% (Q1 FY26) to 18.3% (Q4 FY24).

Toll Brothers operating margin by quarterToll Brothers operating margin by quarter18.3%Q4 FY2416.4%Q2 FY2516.6%Q3 FY2516.5%Q4 FY2510.2%Q1 FY2613.7%Q2 FY2613.5%Q3 FY26
QuarterOperating marginQ/QY/Y
Q3 FY2613.5%-0.2 pts-3.1 pts
Q2 FY2613.7%+3.5 pts-2.7 pts
Q1 FY2610.2%-6.3 pts—
Q4 FY2516.5%-0.1 pts-1.9 pts
Q3 FY2516.6%+0.1 pts—
Q2 FY2516.4%-1.9 pts—
Q4 FY2418.3%——

Q3 FY26 at a glance

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

What is Toll Brothers' operating margin?

Toll Brothers' operating margin was 13.5% in Q3 FY26 (third quarter fiscal 2026), -0.2 pts from Q2 FY26.

How has Toll Brothers' operating margin changed?

Over the last 7 quarters it ranged from 10.2% (Q1 FY26) to 18.3% (Q4 FY24).

Q3 FY26 results → · How Toll Brothers makes money →