TOLToll Brothers, Inc.
The financials
Toll Brothers, Inc. by the numbers
Toll Brothers, Inc. (TOL) reported revenue of $2.66B in Q3 2026 (quarter ended Jul 31, 2026), down 9.7% from the same quarter a year earlier. That came with a gross margin of 24% and net income of $280M (11% of revenue). For the full year FY2025, revenue was $11.0B (+1.1% year on year) and net income $1.35B. Its largest region in Q4 2025 (quarter ended Oct 31, 2025) was Mountain at $882M, 26% of the disclosed total, just ahead of Pacific at 23%. The next results filing is expected around Dec 7, 2026, the same week as a year ago.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $2.66B | $2.95B | −9.7% |
| Gross profit | $625M | $741M | −16% |
| Operating income | $359M | $488M | −26% |
| Net income | $280M | $370M | −24% |
| Diluted EPS | $2.97 | $3.73 | −20% |
| Geographic | Revenue | Share |
|---|---|---|
| Mountain | $882M | 26% |
| Pacific | $790M | 23% |
| South | $684M | 20% |
| North | $584M | 17% |
| Mid-Atlantic | $474M | 14% |
Over its last three fiscal years Toll Brothers, Inc. booked income tax of 25.0% of its pretax profit, above the 21.3% median for US companies in our tax study.
Business segments
Revenue split by geographic segment, from SEC XBRL filings.
- Mountain$881.5M$881.5Mvs last quarter +21%vs a year ago +2.1%+21%+2.1%
- Pacific$789.8M$789.8Mvs last quarter +43%vs a year ago +26%+43%+26%
- South$683.9M$683.9Mvs last quarter -9.8%vs a year ago -17%-9.8%-17%
- North$584.2M$584.2Mvs last quarter +33%vs a year ago +17%+33%+17%
- Mid-Atlantic$474.1M$474.1Mvs last quarter +18%vs a year ago -26%+18%-26%
Residential Construction
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