Key Highlights

  • Toll Brothers’ $0.26 quarterly Dividend trades ex-dividend October 9, 2026, with payment on October 23 to shareholders of record.
  • Third-quarter home sales Revenue was $2.65 billion, compared with $2.88 billion, with 2,662 homes delivered versus 2,959.
  • Net income was $280.1 million, or $2.97 per diluted share, compared with $369.6 million, or $3.73.
  • Net signed contracts were $2.52 billion and 2,508 units, and the fiscal 2026 repurchase target was raised to $700 million.

Toll Brothers, Inc. (NYSE:TOL) declared a quarterly Cash Dividend of $0.26 per share, a Yield of 0.78%, payable October 23 to shareholders of record on October 9, 2026. The $0.26 amount equals 8.8% of third-quarter diluted EPS of $2.97. Home sales revenue was $2.65 billion.

Dividend Program and Shareholder Returns

The company announced the $0.26 quarterly dividend on September 16, 2026, payable October 23 to shareholders of record on October 9. The shares trade ex-dividend on October 9.

The company paid the same $0.26 on July 24, 2026 to holders of record on July 10. In the third quarter, it repurchased about 1.4 million shares for $206.8 million and raised its projected fiscal 2026 repurchases from $650 million to $700 million. The $0.26 quarterly amount equals $1.04 on an annualized basis, a computed figure. Each dividend remains subject to board approval.

About the Company

Toll Brothers, Inc. is a homebuilder. Seth Ring succeeded Rob Parahus as president and chief operating officer on June 30, 2026. The company had 471 selling communities, compared with 420 a year earlier.

Third-Quarter Revenue, Margin and Earnings

Home sales revenue was $2.65 billion, compared with $2.88 billion, and total revenues were $2,658,781 thousand. Homes delivered were 2,662, compared with 2,959. The reported home sales gross margin was 23.9%, compared with 25.6%, and the adjusted margin (non-GAAP) was 25.6%, compared with 27.5%.

Net income was $280.1 million, compared with $369.6 million, and diluted EPS was $2.97, compared with $3.73.

Contracts, Backlog and Nine-Month Results

Net signed contracts were $2.52 billion and 2,508 units, compared with $2.41 billion and 2,388 units. Backlog was $6.24 billion and 5,312 units, compared with $6.38 billion and 5,492 units, and the average price per home in backlog was $1,174,400.

For nine months, Net Income was $751.7 million, or $7.87 per diluted share. Pre-tax income was $998.7 million.

Balance Sheet and Fiscal 2026 Guidance

Cash and cash equivalents were $1,057,889 thousand and inventory was $11,645,569 thousand. Total Debt was $2,765,476 thousand, the debt-to-capital ratio was 24.5%, and the net debt-to-capital ratio was 15.6%. Shareholders’ Equity was $8.53 billion.

Reaffirmed fiscal 2026 guidance includes 10,500 to 10,600 deliveries, an average delivered price of $995,000 to $1,000,000, adjusted home sales gross margin of 26.10%, and 480 to 490 communities. The company gave no EPS guidance.

Dividend and Operating Relationships

Home sales revenue fell 8.0%, deliveries fell 10.0% and net income fell 24.2%, all computed. Contract value rose 4.6% and contract units rose 5.0%, also computed. The $206.8 million of third-quarter repurchases equals 73.8% of net income of $280.1 million, a computed ratio.

Backlog value fell 2.2% and backlog units fell 3.3% from a year earlier, both computed. The reported gross margin narrowed 170 basis points and the adjusted margin (non-GAAP) narrowed 190 basis points. Selling communities rose 12.1%, computed from 471 versus 420, and total debt less cash and cash equivalents is $1,707,587 thousand, a computed figure. Average price per home in backlog was $1,174,400, and shareholders’ equity was $8.53 billion.

Outlook

Toll Brothers’ $0.26 quarterly dividend is payable October 23 to shareholders of record on October 9, 2026. The 23.9% reported gross margin, the $6.24 billion backlog, the $700 million repurchase target, and the 10,500 to 10,600 delivery guidance are the relevant considerations.