D. R. Horton

DHI · Consumer Discretionary · Market cap $40.4B

Q3 FY26 Jun 30, 2026 reported Jul 23, 2026

Revenue$9.2B +0% year over year

Gross profit$2.1B

Operating profit$1.2B

Net profit$0.9B 10% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	9.2	100%	+0%
Home Building Ops	8.7	95%	+1%
Rental	0.3	3%	−30%
Financial Services	0.2	2%	−3%
Land	0.1	1%	+4%
Cost of revenue	−7.1	77%
Gross profit	2.1	23% margin	−1pp
SG&A	−1	11%	+1pp
Operating profit	1.2	13% margin	+0pp
Tax	−0.4
Net profit	0.9	10%	−1pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.6	100%	−2%
Home Building Ops	7	92%	−2%
Rental	0.2	3%	−10%
Financial Services	0.2	3%	−9%
Land	0.1	1%	+4%
Cost of revenue	−5.9	78%
Gross profit	1.7	23% margin	−2pp
SG&A	−0.9	12%	+0pp
Operating profit	0.8	11% margin	+0pp
Tax	−0.3
Net profit	0.6	9%	−2pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.9	100%	−10%
Home Building Ops	6.5	94%	−9%
Financial Services	0.2	3%	+1%
Rental	0.1	1%	−50%
Land	0.1	1%	+20%
Cost of revenue	−5.3	77%
Gross profit	1.6	23% margin	−2pp
SG&A	−0.9	13%	+1pp
Operating profit	0.7	11% margin	+0pp
Tax	−0.2
Net profit	0.6	9%	−2pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	9.2	100%	−7%
Home Building Member	8.6	93%	−7%
Rental	0.4	4%	−8%
Financial Services	0.2	2%	−6%
Land	0.1	1%	−28%
Cost of revenue	−7	76%
Gross profit	2.2	24% margin	−3pp
SG&A	−0.9	10%	+1pp
Operating profit	1.3	14% margin	+0pp
Tax	−0.4
Net profit	1	11%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Jun 30, 2026	Jul 23, 2026	$9.2B	+0%	13%	$0.9B	10%
Q2 FY26	Jan 1 – Mar 31, 2026	Apr 23, 2026	$7.6B	−2%	11%	$0.6B	9%
Q1 FY26	Oct 1 – Dec 31, 2025	Jan 22, 2026	$6.9B	−10%	10%	$0.6B	9%
Q3 FY25	Apr 1 – Jun 30, 2025	Jul 23, 2025	$9.2B	−7%	14%	$1B	11%