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How Toll Brothers (TOL) makes money
Toll Brothers (TOL) made $2.7B of revenue in the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier. Home sales brought in $2.7B (100%); Land sales and other brought in $6.3M (0%); Management Fee brought in $953K (0%). Of every dollar of revenue, 14¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Home sales | $2.7B | 99.7% | +6% | -8% |
| Land sales and other | $6.3M | 0.2% | -66% | -90% |
| Management Fee | $953K | 0.0% | -8% | +3% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $2.7B | 100.0% |
| Operating profit | $359M | 13.5% |
| Income tax | $94.6M | 3.6% |
| Net earnings | $280M | 10.5% |
| Operating cash flow | $250M | 9.4% |
| Free cash flow | $220M | 8.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $2.7B | -10% |
| Q2 FY26 | $2.5B | -8% |
| Q1 FY26 | $2.1B | +15% |
| Q4 FY25 | $3.4B | +3% |
| Q3 FY25 | $2.9B | +8% |
| Q2 FY25 | $2.7B | -4% |
| Q4 FY24 | $3.3B | +10% |
From Toll Brothers' 10-Q filed Aug 28, 2026 (on EDGAR).
Questions
How does Toll Brothers make money?
Toll Brothers (TOL) made $2.7B of revenue in the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier. Home sales brought in $2.7B (100%); Land sales and other brought in $6.3M (0%); Management Fee brought in $953K (0%). Of every dollar of revenue, 14¢ was left as operating profit, 11¢ was left as net earnings.
What is Toll Brothers' biggest business?
Home sales: $2.7B in the third quarter fiscal 2026, 100% of revenue, -8% from a year earlier.
What is Toll Brothers' profit margin?
Net earnings were $280M, 10.5% of revenue, in the third quarter fiscal 2026; the operating margin was 13.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.