Toll Brothers, Inc. income statement

In fiscal 2025, Toll Brothers, Inc. reported revenue of $10.97bn, up 1.1% on the year before, operating income of $1.72bn (a 15.7% margin) and net income of $1.35bn, or $13.49 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.

Toll Brothers, Inc.: income statement, annual
Fiscal year	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025	LTMJul 2026
Revenue	5.8	7.1	7.2	7.1	8.8	10.3	10.0	10.8	11.0	10.8
Cost of revenue	4.6	5.5	5.7	5.7	6.8	7.8	7.4	7.8	8.2	8.2
Gross profit	1.3	1.6	1.6	1.4	1.9	2.5	2.6	3.0	2.8	2.6
Selling, general and administrative	0.6	0.8	0.9	0.9	0.9	1.0	0.9	1.0	1.0	1.1
Operating income	0.6	0.8	0.7	0.6	1.0	1.5	1.7	2.0	1.7	1.5
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	—	—	—	—
Income tax	0.3	0.2	0.2	0.1	0.3	0.4	0.5	0.5	0.4	0.4
Net income	0.5	0.7	0.6	0.4	0.8	1.3	1.4	1.6	1.3	1.2
Diluted EPS	$3.17	$4.85	$4.03	$3.40	$6.63	$10.90	$12.36	$15.01	$13.49	$12.48
Diluted shares (average)	169m	154m	147m	131m	126m	118m	111m	105m	100m	96m
EBITDA	0.7	0.8	0.8	0.6	1.1	1.6	1.8	2.1	1.8	1.6

US$ millions unless shown otherwise. Fiscal quarters.

Toll Brothers, Inc.: income statement, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Revenue	3,333	1,859	2,739	2,945	3,423	2,146	2,531	2,659
Cost of revenue	2,453	1,400	2,034	2,204	2,576	1,669	1,926	2,034
Gross profit	881	460	705	741	848	477	605	625
Selling, general and administrative	270	240	256	254	284	258	258	266
Operating income	611	219	450	488	564	219	347	359
Income tax	146	44	125	130	146	63	90	95
Net income	475	178	352	370	447	211	261	280
Diluted EPS	$4.63	$1.75	$3.50	$3.73	$4.58	$2.19	$2.72	$2.97
EBITDA	637	236	470	510	586	235	364	380

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 Toll Brothers, Inc.'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 Toll Brothers, Inc.