Toll Brothers Tops Estimates, Reaffirms Outlook for Luxury Market

The luxury homebuilder remains optimistic about the long-term outlook for the new home market, particularly in the luxury segment.

Homes for sale in a Toll Brothers housing development in South Barrington, Ill., on Dec. 4, 2012. Scott Olson/Getty Images

The nation’s leading luxury homebuilder, whose average unit sells for nearly $1 million, reported record sales and strong profits in the second quarter of fiscal year 2025 as demand for high-end housing continues to exceed the current supply.

Following the close of trading in New York on May 20, Toll Brothers Inc. shares surged more than 5 percent after the company announced a net income of $352.4 million, or $3.50 per share, compared to $481.6 million, or $4.55 per share, in the second quarter of 2024.