DHI · Q2 FY26 · Jan 1 – Mar 31, 2026
D. R. Horton Q2 FY26: where the revenue came from and where it went
D. R. Horton Q2 FY26: revenue $7.6B (−2% year over year). Net profit $0.6B. Largest cohort Home Building Ops $7B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 23, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$7.6B
−2% year over year
Gross profit$1.7B
23% margin
Operating profit$0.8B
11% margin
Net profit$0.6B
9% margin
The numbers
| 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 |
Older quarters
-
Q3 FY26 6/2026Revenue $9.2B Net margin 10%
-
Q1 FY26 12/2025Revenue $6.9B Net margin 9%
-
Q3 FY25 6/2025Revenue $9.2B Net margin 11%
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