Lennar Q2 FY26: where the revenue came from and where it went
The whole income statement of Lennar for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- 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
| 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 |
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