Toll Brothers (TOL) Operating Expenses (2009 - 2026)
Toll Brothers' (TOL) quarterly Operating Expenses came in at $258.3 million in Q2 2026, up 0.97% year-on-year from $255.8 million in Q2 2025, and little changed quarter-over-quarter from $257.9 million in Q1 2026.
Toll Brothers (TOL) Operating Expenses (2009 - 2026) Analysis & Trends
Toll Brothers has disclosed Operating Expenses across 18 years of filings, most recently posting $258.3 million for Q2 2026.
- Operating Expenses for Q2 2026 came in at $258.3 million, up 0.97% year-over-year; the trailing twelve-month figure through Apr 2026 was $1.1 billion (up 4.25% YoY), and the FY2025 annual result was $1.0 billion, up 5.23% from the prior year.
- Operating Expenses came in at $258.3 million for Q2 2026 at Toll Brothers, roughly flat from $257.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $283.8 million in Q4 2025 to a low of $211.5 million in Q1 2023.
- The 5-year median for Operating Expenses is $242.5 million (2022), against an average of $245.5 million.
- Across the five-year window, Operating Expenses slipped 12.02% in 2023 and gained 11.73% in 2024, its largest moves.
- Toll Brothers' Operating Expenses stood at $274.4 million in 2022, then fell by 12.02% to $241.4 million in 2023, then gained by 11.73% to $269.7 million in 2024, then advanced by 5.21% to $283.8 million in 2025, then slipped by 8.99% to $258.3 million in 2026.
- The last three Operating Expenses figures came in at $258.3 million (Q2 2026), $257.9 million (Q1 2026), and $283.8 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 43.54 Bn | 42.20 Bn | 1.70 Bn | 903.30 Mn |
| 2 | Pultegroup | 23.57 Bn | 21.76 Bn | 881.27 Mn | 380.33 Mn |
| 3 | Lennar | 22.65 Bn | 20.45 Bn | 6.36 Bn | 6.40 Bn |
| 4 | Nvr | 17.80 Bn | 16.15 Bn | 1.31 Bn | 156.97 Mn |
| 5 | Toll Brothers | 13.73 Bn | 12.64 Bn | 604.89 Mn | 258.25 Mn |
| 6 | Taylor Morrison Home | 6.88 Bn | 6.88 Bn | 290.64 Mn | 58.97 Mn |
| 7 | Installed Building Products | 5.53 Bn | 5.05 Bn | 212.30 Mn | 154.70 Mn |
| 8 | Meritage Homes | 4.85 Bn | 4.09 Bn | -269,000.00 | 51.40 Mn |
| 9 | Cavco Industries | 4.56 Bn | 4.52 Bn | 135.92 Mn | 81.36 Mn |
| 10 | Champion Homes | 4.39 Bn | 3.74 Bn | 172.19 Mn | 109.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 258.25 Mn |
| Jan 31, 2026 | 257.94 Mn |
| Oct 31, 2025 | 283.78 Mn |
| Jul 31, 2025 | 253.67 Mn |
| Apr 30, 2025 | 255.76 Mn |
| Jan 31, 2025 | 240.41 Mn |
| Oct 31, 2024 | 269.73 Mn |
| Jul 31, 2024 | 244.81 Mn |
| Apr 30, 2024 | 237.70 Mn |
| Jan 31, 2024 | 230.05 Mn |
| Oct 31, 2023 | 241.41 Mn |
| Jul 31, 2023 | 229.00 Mn |
| Apr 30, 2023 | 227.54 Mn |
| Jan 31, 2023 | 211.50 Mn |
| Oct 31, 2022 | 274.38 Mn |
| Jul 31, 2022 | 232.87 Mn |
| Apr 30, 2022 | 243.64 Mn |
| Jan 31, 2022 | 226.87 Mn |
| Oct 31, 2021 | 258.20 Mn |
| Jul 31, 2021 | 233.92 Mn |