Toll Brothers FY26 Q3 net income drops 24% to $280.1 million; revenue falls 10% to $2.66 billion

Reuters2026/08/28 20:22

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Toll Brothers posted net income of $280.1 million for the quarter ended July 31, 2026, down 24% year over year.
Revenue fell 10% to $2.66 billion, driven by an 8% drop in home sales to $2.65 billion.
Operating income slid 26% to $359.2 million; home sales gross margin narrowed 1.7 percentage points to 23.9%.
Net contracts signed rose 5% to 2,508 units; value increased 4% to $2.52 billion as selling communities climbed to 471.
Management flagged elevated mortgage rates and weak consumer confidence, expecting softer demand to keep incentives high near term.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toll Brothers Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000794170-26-000102), on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Toll Brothers FY26 Q3 net income drops 24% to $280.1 million; revenue falls 10% to $2.66 billion

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