Toll Brothers (TOL) Operating Expenses (2009 - 2026)
Toll Brothers' (TOL) quarterly Operating Expenses came in at $266.1 million in Q3 2026, up 4.89% year-over-year from $253.7 million in Q3 2025, and up 3.03% quarter-over-quarter from $258.3 million in Q2 2026.
Analysis
Toll Brothers (TOL) Operating Expenses (2009 - 2026) Analysis & Trends
Toll Brothers has disclosed Operating Expenses across 18 years of filings, most recently posting $266.1 million for Q3 2026.
- In Q3 2026, Operating Expenses rose 4.89% year-over-year to $266.1 million; the TTM figure through Jul 2026 stood at $1.1 billion (up 4.56% YoY), while the FY2025 annual figure was $1.0 billion, up 5.23% from the prior year.
- Operating Expenses came in at $266.1 million for Q3 2026 at Toll Brothers, up from $258.3 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.
- Average Operating Expenses over 5 years is $246.6 million, with a median of $243.6 million recorded in 2022.
- Year-over-year, Operating Expenses dropped 12.02% in 2023 and advanced 11.73% in 2024.
- Over 5 years, 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 6.24% to $266.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $266.1 million in Q3 2026, $258.3 million in Q2 2026, and $257.9 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 37.01 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 22.45 Bn | 21.07 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 19.43 Bn | 17.25 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 16.68 Bn | 15.59 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 12.67 Bn | 11.61 Bn | 625.22 Mn | 266.07 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Meritage Homes | 4.20 Bn | 3.39 Bn | 254.14 Mn | 144.19 Mn |
| 8 | M | 3.64 Bn | 2.91 Bn | 235.50 Mn | 958.69 Mn |
| 9 | Kb Home | 3.06 Bn | 3.00 Bn | 174.03 Mn | 140.55 Mn |
| 10 | Green Brick Partners | 2.95 Bn | 2.82 Bn | 157.52 Mn | 54.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 266.07 Mn |
| 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 |