Lennar

LEN Consumer Discretionary Market cap $19.3B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Mar 1 – May 31, 2026 reported Jun 29, 2026

Revenue$7.94B −5% year over year

Operating profit$0.41B 5% margin

Net profit$0.31B 4% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends May 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.94	100%	−5%
Real estate other	7.60	96%	−2%
Other revenue	0.33	4%	−39%
Land	0.01	0%	−71%
Operating expenses	−7.53	95%
Underwriting	−0.25	3%	−2pp
G&A	−0.14	2%	+0pp
Other	−7.14	90%	+0pp
Operating profit	0.41	5% margin	−2pp
Tax	−0.11
Net profit	0.31	4% margin	−2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Feb 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.62	100%	−13%
Real estate other	6.27	95%	−13%
Other	0.33	5%	−7%
Land	0.02	0%	−57%
Cost of revenue	−5.75	87%
Gross profit	0.87	13% margin	−4pp
SG&A	−0.57	9%	+1pp
Operating profit	0.29	4% margin	−4pp
Tax	−0.07
Net profit	0.23	3% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Nov 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	9.37	100%	−6%
East	6.97	74%
Financial services	1.20	13%
Multi	0.68	7%
Other revenue	0.48	5%
Lennar other	0.04	1%
Operating expenses	−8.69	93%
G&A	−0.16	2%	+0pp
Other	−8.52	91%	+0pp
Operating profit	0.68	7% margin	−7pp
Tax	−0.19
Net profit	0.49	5% margin	−6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Aug 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	8.81	100%	−6%
Homebuilding West	2.96	34%	−15%
Homebuilding Central	2.08	23%	−6%
Homebuilding East	1.70	19%	−18%
Homebuilding Texas	1.51	17%	+17%
Lennar financial	0.31	4%	+15%
Lennar multi	0.23	3%	+144%
Lennar other	0.01	0%	+283%
Other regions	0.01	0%	−4%
Operating expenses	−8.11	92%
G&A	−0.17	2%	+0pp
Other	−7.94	90%	+0pp
Operating profit	0.70	8% margin	−6pp
Other income, net	0.08
Tax	−0.19
Net profit	0.59	7% margin	−6pp

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Mar 1 – May 31, 2026 reported Jun 29, 2026 Operating margin 5% Net profit $0.31B	Mar 1 – May 31, 2026	Jun 29, 2026	$7.9B	−5%	5%	$0.31B	4%
Q1 FY26 Dec 1, 2025 – Feb 28, 2026 reported Apr 9, 2026 Operating margin 4% Net profit $0.23B	Dec 1, 2025 – Feb 28, 2026	Apr 9, 2026	$6.6B	−13%	4%	$0.23B	3%
Q4 FY25 Sep 1 – Nov 30, 2025 reported Jan 28, 2026 Operating margin 7% Net profit $0.49B	Sep 1 – Nov 30, 2025	Jan 28, 2026	$9.4B	−6%	7%	$0.49B	5%
Q3 FY25 Jun 1 – Aug 31, 2025 reported Oct 3, 2025 Operating margin 8% Net profit $0.59B	Jun 1 – Aug 31, 2025	Oct 3, 2025	$8.8B	−6%	8%	$0.59B	7%