Toll Brothers FY26 Q3 net income drops 24% to $280.1 million; revenue falls 10% to $2.66 billion - TOL News | RalliesToll Brothers FY26 Q3 net income drops 24% to $280.1 million; revenue falls 10% to $2.66 billion
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TOL• Third-quarter results and operating trends
- 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.
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