Filing Flows › Toll Brothers (TOL) › Q3 FY26
Toll Brothers (TOL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 28, 2026
Toll Brothers (TOL) reported revenue of $2.7B for the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier and +5% from the quarter before. Operating margin was 13.5%, net earnings $280M (10.5% of revenue).
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.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +5% | -10% |
| Operating profit | $359M | +4% | -26% |
| Net earnings | $280M | +8% | -24% |
| Operating cash flow | $250M | +86% | -32% |
| Free cash flow | $220M | +100% | -36% |
What changed
Revenue was $2.7B in Q3 FY26, down 10% year over year and up 5% from the previous quarter. Home sales was the largest line at 100% of revenue. Home sales lost $0.23B year over year (down 8%), 80% of the total change.
Operating profit was $0.36B, a 13.5% margin (down 3.1 points year over year). Total costs fell 6% while revenue fell 10%. Net earnings were $0.28B, down 24% year over year. The effective tax rate was 25.2%.
Operating cash flow was $0.25B (down 32% year over year), 89% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.03B left free cash flow of $0.22B.
Questions
What was Toll Brothers' revenue in the third quarter fiscal 2026?
Toll Brothers (TOL) reported revenue of $2.7B for the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier and +5% from the quarter before.
Was Toll Brothers profitable in the third quarter fiscal 2026?
Operating profit was $359M (13.5% of revenue) and net earnings $280M.
Source: Toll Brothers 10-Q on SEC EDGAR.