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Toll Brothers TOL Q3 2026 earnings

Reported August 18, 2026 · After market close

Revenue$2.7BBeat by $40.4M
EPS$2.97Beat by $0.04
Revenue estimate$2.6B
EPS estimate$2.93
“Toll Brothers delivered solid third quarter results in a challenging market. We exceeded the midpoint of our guidance with $2.65 billion of home sales revenues, delivering 2,662 homes at an average price of $996,400. Our adjusted gross margin was 25.6%, or 35 basis points above guidance, and we earned $2.97 per diluted share. We also grew net signed contracts by 5% year over year.”
Karl K. Mistry

Next report

Dec 14, 2026 (in 3 months)
Revenue estimate$3.5B
EPS estimate$4.89

Financials

Q3 2026

Income statement

See full
Revenue$2.7B-9.7%
Gross profit$625.2M-15.7%
Operating income$359.2M-26.4%
Net income$280.1M-24.2%
EPS (diluted)$2.97-20.4%

Balance sheet

See full
Cash & equivalents$1.1B+20.5%
Total debt$147.3M+13.9%
Total equity$8.5B+5.4%
Total assets$14.7B+2.0%

Cash flow

See full
Operating cash flow$250.3M-32.4%
CapEx$30.7M+20.6%
Free cash flow$219.6M-36.3%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$12.37B-9.2%
Enterprise value$11.38B-11.1%
P/E10.3×+0.4×
P/S1.2×-0.1×

Profitability

See full
Gross margin23.7%-1.9pp
Operating margin13.8%-2.4pp
Net margin11.1%-1.5pp
FCF margin10.1%+1.7pp

Returns & leverage

See full
Return on equity14.4%-3.3pp
Debt / equity0×0.0×

Segments

By segment

See full
South$655.8M—
Mountain$613.2M—
Pacific$556.7M—
North$450.4M—
Mid-Atlantic$381.7M—

By product

See full
Home sales$2.7B-7.9%
Land sales and other$6.3M-90.2%

FAQ

When did Toll Brothers report Q3 2026 earnings?
Toll Brothers (TOL) reported Q3 2026 earnings on August 18, 2026 after market close.
What were Toll Brothers's Q3 2026 revenue and EPS?
Toll Brothers reported revenue of $2.7B and eps of $2.97 for Q3 2026.
Did Toll Brothers beat estimates in Q3 2026?
Revenue beat the consensus estimate of $2.6B by $40.4M. EPS beat the consensus estimate of $2.93 by $0.04.
How did Toll Brothers's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 9.7% from $2.9B a year earlier and eps declined 20.4% from $3.73.
Where can I find Toll Brothers's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000794170-26-000096) and the 10-Q periodic report (0000794170-26-000102) directly on SEC EDGAR. The filing index links above go to sec.gov.