Toll Brothers annual operating margin
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2025
Toll Brothers Operating Margin Growth & History (TOL)
Toll Brothers's operating margin was 15.69% for fiscal 2025.
View full Toll Brothers company overviewToll Brothers annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-10-31 | 15.69% | −3.12 pp |
| 2024 | 2024-10-31 | 18.81% | +1.55 pp |
| 2023 | 2023-10-31 | 17.26% | +2.57 pp |
| 2022 | 2022-10-31 | 14.68% | +3.07 pp |
| 2021 | 2021-10-31 | 11.61% | +3.84 pp |
| 2020 | 2020-10-31 | 7.77% | −1.65 pp |
| 2019 | 2019-10-31 | 9.42% | −1.58 pp |
| 2018 | 2018-10-31 | 11.01% | −0.12 pp |
| 2017 | 2017-10-31 | 11.13% | +1.61 pp |
| 2016 | 2016-10-31 | 9.52% | −1.19 pp |
| 2015 | 2015-10-31 | 10.71% | +0.56 pp |
| 2014 | 2014-10-31 | 10.16% | +2.64 pp |
| 2013 | 2013-10-31 | 7.52% | +4.15 pp |
| 2012 | 2012-10-31 | 3.37% | +6.50 pp |
| 2011 | 2011-10-31 | −3.13% | +6.57 pp |
| 2010 | 2010-10-31 | −9.70% | +19.76 pp |
| 2009 | 2009-10-31 | −29.46% | −16.61 pp |
| 2008 | 2008-10-31 | −12.86% | — |
Toll Brothers quarterly operating margin
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Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-07-31 | 13.51% | −3.05 pp |
| Q2 2026 | 2026-04-30 | 13.69% | −2.72 pp |
| Q1 2026 | 2026-01-31 | 10.21% | −1.58 pp |
| Q4 2025 | 2025-10-31 | 16.48% | −1.85 pp |
| Q3 2025 | 2025-07-31 | 16.56% | −1.67 pp |
| Q2 2025 | 2025-04-30 | 16.42% | −5.56 pp |
| Q1 2025 | 2025-01-31 | 11.79% | −4.05 pp |
| Q4 2024 | 2024-10-31 | 18.33% | −0.17 pp |
| Q3 2024 | 2024-07-31 | 18.23% | −0.94 pp |
| Q2 2024 | 2024-04-30 | 21.97% | +4.99 pp |
| Q1 2024 | 2024-01-31 | 15.83% | +3.18 pp |
| Q4 2023 | 2023-10-31 | 18.50% | −0.10 pp |
| Q3 2023 | 2023-07-31 | 19.17% | +4.67 pp |
| Q2 2023 | 2023-04-30 | 16.98% | +4.61 pp |
| Q1 2023 | 2023-01-31 | 12.66% | +2.88 pp |
| Q4 2022 | 2022-10-31 | 18.59% | +4.10 pp |
| Q3 2022 | 2022-07-31 | 14.50% | +2.23 pp |
| Q2 2022 | 2022-04-30 | 12.37% | +2.81 pp |
| Q1 2022 | 2022-01-31 | 9.77% | +2.16 pp |
| Q4 2021 | 2021-10-31 | 14.49% | +4.25 pp |
| Q3 2021 | 2021-07-31 | 12.27% | +3.21 pp |
| Q2 2021 | 2021-04-30 | 9.55% | +3.58 pp |
| Q1 2021 | 2021-01-31 | 7.62% | +4.05 pp |
| Q4 2020 | 2020-10-31 | 10.24% | +0.78 pp |
| Q3 2020 | 2020-07-31 | 9.06% | −0.62 pp |
| Q2 2020 | 2020-04-30 | 5.97% | −3.38 pp |
| Q1 2020 | 2020-01-31 | 3.57% | −5.56 pp |
| Q4 2019 | 2019-10-31 | 9.45% | −4.33 pp |
| Q3 2019 | 2019-07-31 | 9.68% | −2.32 pp |
| Q2 2019 | 2019-04-30 | 9.35% | +0.95 pp |
| Q1 2019 | 2019-01-31 | 9.13% | +2.01 pp |
| Q4 2018 | 2018-10-31 | 13.78% | −0.27 pp |
| Q3 2018 | 2018-07-31 | 12.00% | +0.54 pp |
| Q2 2018 | 2018-04-30 | 8.40% | −1.81 pp |
| Q1 2018 | 2018-01-31 | 7.12% | +1.62 pp |
| Q4 2017 | 2017-10-31 | 14.05% | +6.63 pp |
| Q3 2017 | 2017-07-31 | 11.46% | +0.16 pp |
| Q2 2017 | 2017-04-30 | 10.22% | −0.24 pp |
| Q1 2017 | 2017-01-31 | 5.50% | −4.67 pp |
| Q4 2016 | 2016-10-31 | 7.42% | −6.21 pp |
| Q3 2016 | 2016-07-31 | 11.30% | +2.80 pp |
| Q2 2016 | 2016-04-30 | 10.46% | +2.67 pp |
| Q1 2016 | 2016-01-31 | 10.17% | −1.21 pp |
| Q4 2015 | 2015-10-31 | 13.63% | +1.21 pp |
| Q3 2015 | 2015-07-31 | 8.51% | −3.76 pp |
| Q2 2015 | 2015-04-30 | 7.79% | −0.12 pp |
| Q1 2015 | 2015-01-31 | 11.38% | +6.44 pp |
| Q4 2014 | 2014-10-31 | 12.42% | +0.09 pp |
| Q3 2014 | 2014-07-31 | 12.27% | +4.26 pp |
| Q2 2014 | 2014-04-30 | 7.91% | +4.72 pp |
| Q1 2014 | 2014-01-31 | 4.94% | +4.79 pp |
| Q4 2013 | 2013-10-31 | 12.33% | +4.02 pp |
| Q3 2013 | 2013-07-31 | 8.01% | +2.33 pp |
| Q2 2013 | 2013-04-30 | 3.19% | +3.56 pp |
| Q1 2013 | 2013-01-31 | 0.15% | +6.14 pp |
| Q4 2012 | 2012-10-31 | 8.31% | +8.70 pp |
| Q3 2012 | 2012-07-31 | 5.68% | +8.28 pp |
| Q2 2012 | 2012-04-30 | −0.37% | +7.17 pp |
| Q1 2012 | 2012-01-31 | −5.99% | −2.94 pp |
| Q4 2011 | 2011-10-31 | −0.39% | +2.60 pp |
| Q3 2011 | 2011-07-31 | −2.60% | −0.93 pp |
| Q2 2011 | 2011-04-30 | −7.55% | +11.75 pp |
| Q1 2011 | 2011-01-31 | −3.06% | +16.94 pp |
| Q4 2010 | 2010-10-31 | −2.99% | — |
| Q3 2010 | 2010-07-31 | −1.67% | +24.08 pp |
| Q2 2010 | 2010-04-30 | −19.30% | — |
| Q1 2010 | 2010-01-31 | −19.99% | — |
| Q3 2009 | 2009-07-31 | −25.75% | — |
Toll Brothers operating margin trends
Over the last five fiscal years, Toll Brothers's operating margin increased from 7.77% to 15.69%, a change of +7.91 percentage points. The latest reported quarter, Q3 2026, shows 13.51%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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