D. R. Horton Q3 FY26: where the revenue came from and where it went
The whole income statement of D. R. Horton for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 23, 2026
Revenue$9.23B
+0% year over year
Gross profit$2.15B
23% margin
Operating profit$1.16B
13% margin
Net profit$0.91B
10% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 9.23 | 100% | +0% |
| Home building ops | 8.68 | 94% | |
| Rental | 0.27 | 3% | −30% |
| Financial services | 0.22 | 2% | −3% |
| Land | 0.06 | 1% | +4% |
| Cost of revenue | −7.08 | 77% | |
| Gross profit | 2.15 | 23% margin | −1pp |
| SG&A | −0.99 | 11% | +1pp |
| Operating profit | 1.16 | 13% margin | |
| Other income, net | 0.06 | ||
| Tax | −0.31 | ||
| Net profit | 0.91 | 10% margin | −1pp |
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