Lennar (LEN) Tax Rate (2010 - 2026)
Lennar's Tax Rate was 26.25% in fiscal Q3 2026 (quarter ended Aug 31, 2026), up 2.10 percentage points from 24.14% a year earlier and up 0.82 percentage points from the prior quarter.
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Analysis
Lennar (LEN) Tax Rate (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Lennar's Tax Rate was 25.81% through Aug 31, 2026, up 1.33 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 25.07%, up 1.60 percentage points from FY2024.
- Tax Rate shows a five-year change of +4.07 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 23.48% in FY2024 (-0.38 pp), 23.86% in FY2023 (+1.14 pp), 22.71% in FY2022 (-0.70 pp) and 23.41% in FY2021 (+2.41 pp).
- Quarterly Tax Rate has moved between 19.27% (fiscal Q3 2022) and 27.10% (fiscal Q4 2025) over five years.
- Compared with a year earlier, Tax Rate was higher in seven of the last eight quarters, with an average year-over-year change of +1.14 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q3 2023 (a gain of 5.01 percentage points); the worst was fiscal Q3 2022 (a drop of 3.06 percentage points).
- Per Business Quant data, LEN's Tax Rate in the three fiscal quarters before Q3 2026 was 25.43% (Q2 2026), 22.84% (Q1 2026) and 27.10% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.70 Bn | 32.00 Bn | 2.15 Bn | 25.08% |
| 2 | Pultegroup | 22.60 Bn | 15.96 Bn | 1.07 Bn | 22.32% |
| 3 | Lennar | 20.09 Bn | 10.46 Bn | 618.54 Mn | 26.25% |
| 4 | Nvr | 16.41 Bn | 9.69 Bn | 485.14 Mn | 25.10% |
| 5 | Toll Brothers | 13.19 Bn | 8.57 Bn | 625.22 Mn | 26.35% |
| 6 | Champion Homes | 4.37 Bn | 1.85 Bn | - | - |
| 7 | Meritage Homes | 4.22 Bn | 1.15 Bn | 513.60 Mn | 24.83% |
| 8 | Cavco Industries | 4.19 Bn | 2.94 Bn | - | - |
| 9 | M | 3.16 Bn | 230.83 Mn | 235.50 Mn | - |
| 10 | Kb Home | 2.86 Bn | 2.07 Bn | -857.09 Mn | 22.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 26.25% |
| May 31, 2026 | 25.43% |
| Feb 28, 2026 | 22.84% |
| Nov 30, 2025 | 27.10% |
| Aug 31, 2025 | 24.14% |
| May 31, 2025 | 24.94% |
| Feb 28, 2025 | 24.28% |
| Nov 30, 2024 | 24.56% |
| Aug 31, 2024 | 22.66% |
| May 31, 2024 | 23.83% |
| Feb 29, 2024 | 22.65% |
| Nov 30, 2023 | 23.36% |
| Aug 31, 2023 | 24.28% |
| May 31, 2023 | 24.24% |
| Feb 28, 2023 | 23.60% |
| Nov 30, 2022 | 23.58% |
| Aug 31, 2022 | 19.27% |
| May 31, 2022 | 24.63% |
| Feb 28, 2022 | 24.74% |
| Nov 30, 2021 | 24.49% |
API Access
Lennar Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=LEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "LEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=LEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();