D. R. Horton income statement

In fiscal 2025, D. R. Horton reported revenue of $34.25bn, down 6.9% on the year before and net income of $3.59bn, or $11.57 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

D. R. Horton: income statement, annual
Fiscal year	2009Sept 2009	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Revenue	3.7	4.4	3.6	4.4	6.3	8.0	10.8	12.2	14.1	16.1	17.6	20.3	27.8	33.5	35.5	36.8	34.3	33.3
Cost of revenue	—	—	—	—	—	—	—	9.5	11.0	12.4	13.7	15.4	19.9	23.0	26.1	27.3	26.1	25.8
Gross profit	—	—	—	—	—	—	—	2.7	3.0	3.7	3.9	4.9	7.9	10.5	9.4	9.5	8.1	7.5
Selling, general and administrative	—	—	—	—	—	—	—	1.3	1.5	1.7	1.8	2.0	2.6	2.9	3.2	3.6	3.7	3.7
Interest expense	—	—	−0.1	0.0	0.0	0.0	0.0	—	—	0.0	—	—	—	—	—	—	—	—
Income before tax	−0.6	0.1	0.0	0.2	0.7	0.8	1.1	1.4	1.6	2.1	2.1	3.0	5.4	7.6	6.3	6.3	4.7	4.1
Income tax	−0.0	−0.1	−0.1	−0.7	0.2	0.3	0.4	0.5	0.6	0.6	0.5	0.6	1.2	1.7	1.5	1.5	1.1	1.0
Net income	−0.5	0.2	0.1	1.0	0.5	0.5	0.8	0.9	1.0	1.5	1.6	2.4	4.2	5.9	4.7	4.8	3.6	3.1
Diluted EPS	−$1.73	$0.77	$0.23	$2.77	$1.33	$1.50	$2.03	$2.36	$2.74	$3.81	$4.29	$6.41	$11.41	$16.51	$13.82	$14.34	$11.57	$10.50
Diluted shares (average)	317m	319m	319m	359m	365m	367m	370m	375m	379m	383m	377m	370m	366m	355m	343m	332m	310m	291m

US$ billions unless shown otherwise. Fiscal quarters.

D. R. Horton: income statement, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Revenue	10.0	7.6	7.7	9.2	9.7	6.9	7.6	9.2
Cost of revenue	7.4	5.7	5.8	7.0	7.6	5.3	5.9	7.1
Gross profit	2.6	1.9	1.9	2.2	2.1	1.6	1.7	2.1
Selling, general and administrative	1.0	0.9	0.9	0.9	1.0	0.9	0.9	1.0
Income before tax	1.7	1.1	1.1	1.4	1.2	0.8	0.9	1.2
Income tax	0.4	0.3	0.2	0.3	0.3	0.2	0.2	0.3
Net income	1.3	0.8	0.8	1.0	0.9	0.6	0.6	0.9
Diluted EPS	$3.91	$2.61	$2.58	$3.36	$3.04	$2.03	$2.24	$3.20

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from D. R. Horton's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to D. R. Horton.