Filing Flows › Toll Brothers (TOL) › Q1 FY26
Toll Brothers (TOL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 27, 2026
Toll Brothers (TOL) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and -37% from the quarter before. Operating margin was 10.2%, net earnings $211M (9.8% of revenue).
Toll Brothers, Q1 FY26: revenue $2.1B (+15% year over year), operating margin 10.2%, net earnings $211M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -37% | +15% |
| Operating profit | $219M | -61% | 0% |
| Net earnings | $211M | -53% | +19% |
| Operating cash flow | $7.3M | -99% | — |
What changed
Revenue was $2.1B in Q1 FY26, up 15% year over year and down 37% from the previous quarter. Home sales was the largest line at 86% of revenue. Land sales and other added $0.27B year over year (up 1483%), 95% of the total change.
Operating profit was $0.22B, a 10.2% margin (down 1.6 points year over year). Operating profit fell $76K even though revenue rose $0.29B versus a year earlier, so costs grew faster than sales. Total costs grew 17% against revenue growth of 15%. The fastest-growing cost line was Cost of revenue (+19%). Net earnings were $0.21B, up 19% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.01B, 3% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.24B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Toll Brothers' revenue in the first quarter fiscal 2026?
Toll Brothers (TOL) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and -37% from the quarter before.
Was Toll Brothers profitable in the first quarter fiscal 2026?
Operating profit was $219M (10.2% of revenue) and net earnings $211M.
Source: Toll Brothers 10-Q on SEC EDGAR.