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NVR, Inc. (NVR) earnings date & Q2 2026 results
The quarter in brief
Revenue fell 10.5% y/y to $2.33B, operating margin 13.3% vs 16.3%, net income $236M (−29.1% y/y).
Net income
$236M
down 29.1% y/y
Consolidated revenues (calculated)
$2,326M
down 10.5% y/y
Operating income (calculated)
$308M
down 27.2% y/y
Next report
not announced yet
All figures in $M.
| Line item | Amount and change |
|---|---|
| Homebuilding revenues | $2,280 · −10.5% |
| Mortgage banking fees | $46.6 · −7.8% |
| Consolidated revenues (calculated) | $2,326 · −10.5% |
| Cost of sales | $1,841 · −7.9% |
| Selling, general and administrative | $151 · +1.0% |
| General and administrative (mortgage banking) | $26.2 · −1.0% |
| Operating income (calculated) | $308 · −27.2% · 13.3% margin |
| Other income and interest income (calculated) | $17.4 · −43.8% |
| Interest expense (calculated) | $7 · +0.1% |
| Income before taxes | $319 · −28.7% |
| Income tax expense | $82.2 · −27.5% · 25.8% effective rate |
| Net income | $236 · −29.1% · $83.96/sh · 10.2% margin |
Verdict: revenue fell 10.5% y/y to $2.33B, operating margin 13.3% vs 16.3%, net income $236M (−29.1% y/y).
Diluted EPS $83.96 vs $108.54 a year earlier; new orders up 9% to 5,885 units; backlog up 9% to 10,998 units, $4.99 billion.
Source and notation
Source: NVR earnings release, 8-K EX-99 of 07/23/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match SEC XBRL.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Settlements fell 8% to 5,058 units and the average settlement price decreased 3% to $450,700.
- Homebuilding gross profit margin decreased to 19.2% from 21.5% on higher lot costs, pricing pressure and contract land deposit impairments of approximately $21.7 million.
- Operating income was $308M, a 13.3% margin vs 16.3% a year earlier.
- The effective tax rate was 25.8% vs 25.4% a year earlier.
- Diluted EPS was $83.96 vs $108.54 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- Eugene J. BredowPresident and Chief Executive Officer [1]
- Daniel D. MalzahnSenior Vice President, Chief Financial Officer and Treasurer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-05 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-05 · SEC EDGAR · 10/20/2026
NVR, Inc. is an American company engaged in home construction headquartered in Reston, Virginia. · Text: Wikipedia, CC BY-SA 4.0, abridged
It also operates a mortgage banking and title services business. The company primarily operates on the East Coast of the United States, but its operations encompass 14 states as well as Washington, D.C. In 2021, 22% of the company's revenue was from the Washington metropolitan area.
Heads-up
- net income fell 29% y/y in Q2 2026
- revenue fell 11% y/y in Q2 2026
Most likely because settlements fell 8% to 5,058 units and the average settlement price decreased 3% to $450,700; the effective tax rate was 25.8% vs 25.4% a year earlier. Based on the Q2 2026 report.
The company's report ↗Most likely because the drop came from Homebuilding revenues −11% y/y, Mortgage banking fees −8% y/y; settlements fell 8% to 5,058 units and the average settlement price decreased 3% to $450,700; homebuilding gross profit margin decreased to 19.2% from 21.5% on higher lot costs. Based on the Q2 2026 report.
The company's report ↗Company guidance
Same quarter a year ago (ended September 30, 2025): revenue $2.61B, EPS (GAAP) $112.33
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
NVR earnings history: past report dates
| Jul 23, 2026 Thu | 1:54 pmduring market hours | Jun 30, 2026 | $2.3B−10% y/y | $83.96−23% y/y |
| Apr 22, 2026 Wed | 2:04 pmduring market hours | Mar 31, 2026 | $1.9B−22% y/y | $67.76−29% y/y |
| Jan 28, 2026 Wed | 1:47 pmduring market hours | Dec 31, 2025 | ≈$2.7B−5% y/y | ≈$120.85−13% y/y |
| Oct 22, 2025 Wed | 9:30 amduring market hours | Sep 30, 2025 | $2.6B−5% y/y | $112.33−14% y/y |
| Jul 23, 2025 Wed | 10:44 amduring market hours | Jun 30, 2025 | $2.6B−1% y/y | $108.54−10% y/y |
| Apr 22, 2025 Tue | 1:10 pmduring market hours | Mar 31, 2025 | $2.4B+3% y/y | $94.83−19% y/y |
| Jan 28, 2025 Tue | 2:17 pmduring market hours | Dec 31, 2024 | ≈$2.8B+17% y/y | ≈$139.09+14% y/y |
| Oct 22, 2024 Tue | 11:16 amduring market hours | Sep 30, 2024 | $2.7B+6% y/y | $130.50+4% y/y |
| Jul 23, 2024 Tue | 10:08 amduring market hours | Jun 30, 2024 | $2.6B+12% y/y | $120.69+4% y/y |
| Apr 23, 2024 Tue | 9:41 amduring market hours | Mar 31, 2024 | $2.3B+7% y/y | $116.41+17% y/y |
| Jan 30, 2024 Tue | 12:12 pmduring market hours | Dec 31, 2023 | ≈$2.4B−10% y/y | ≈$121.62−9% y/y |
| Oct 24, 2023 Tue | 11:03 amduring market hours | Sep 30, 2023 | $2.6B−7% y/y | $125.26+6% y/y |
| Jul 25, 2023 Tue | 9:41 amduring market hours | Jun 30, 2023 | $2.3B−12% y/y | $116.54−6% y/y |
| Apr 25, 2023 Tue | 11:18 amduring market hours | Mar 31, 2023 | $2.2B−8% y/y | $99.89−14% y/y |
| Jan 31, 2023 Tue | 10:05 amduring market hours | Dec 31, 2022 | ≈$2.7B+22% y/y | ≈$133.21+50% y/y |
| Oct 25, 2022 Tue | 9:40 amduring market hours | Sep 30, 2022 | $2.8B+16% y/y | $118.51+37% y/y |
| Jul 26, 2022 Tue | 9:39 amduring market hours | Jun 30, 2022 | $2.7B+16% y/y | $123.65+50% y/y |
| Apr 26, 2022 Tue | 10:03 amduring market hours | Mar 31, 2022 | $2.4B+17% y/y | $116.56+84% y/y |
| Feb 1, 2022 Tue | 10:56 amduring market hours | Dec 31, 2021 | ≈$2.2B−5% y/y | ≈$88.73+15% y/y |
| Oct 21, 2021 Thu | 12:10 pmduring market hours | Sep 30, 2021 | $2.4B+20% y/y | $86.44+33% y/y |
| Jul 21, 2021 Wed | 10:48 amduring market hours | Jun 30, 2021 | $2.3B+41% y/y | $82.45+94% y/y |
| Apr 21, 2021 Wed | 10:17 amduring market hours | Mar 31, 2021 | $2.0B+29% y/y | $63.21+41% y/y |
| Jan 28, 2021 Thu | 9:55 amduring market hours | Dec 31, 2020 | ≈$2.3B+18% y/y | ≈$76.93+19% y/y |
| Oct 20, 2020 Tue | 1:16 pmduring market hours | Sep 30, 2020 | $2.0B+4% y/y | $65.11+16% y/y |
| Jul 22, 2020 Wed | 10:34 amduring market hours | Jun 30, 2020 | $1.6B−10% y/y | $42.50−20% y/y |
| Apr 23, 2020 Thu | 11:05 amduring market hours | Mar 31, 2020 | $1.6B−6% y/y | $44.96−6% y/y |
| Jan 28, 2020 Tue | 4:25 pmafter market close | Dec 31, 2019 | ≈$2.0B−0% y/y | ≈$64.41+10% y/y |
| Oct 18, 2019 Fri | 2:52 pmduring market hours | Sep 30, 2019 | $1.9B+3% y/y | $56.11+16% y/y |
| Jul 19, 2019 Fri | 10:29 amduring market hours | Jun 30, 2019 | $1.8B+1% y/y | $53.09+8% y/y |
| Apr 22, 2019 Mon | 2:14 pmduring market hours | Mar 31, 2019 | $1.7B+10% y/y | $47.64+21% y/y |
| Jan 25, 2019 Fri | 1:00 pmduring market hours | Dec 31, 2018 | ≈$2.0B+10% y/y | ≈$58.57+103% y/y |
| Oct 18, 2018 Thu | 12:30 pmduring market hours | Sep 30, 2018 | $1.9B+11% y/y | $48.28+27% y/y |
| Jul 20, 2018 Fri | 9:43 amduring market hours | Jun 30, 2018 | $1.8B+16% y/y | $49.05+39% y/y |
| Apr 19, 2018 Thu | 9:23 ambefore market open | Mar 31, 2018 | $1.5B+20% y/y | $39.34+57% y/y |
| Jan 25, 2018 Thu | 9:42 amduring market hours | Dec 31, 2017 | ≈$1.8B+4% y/y | ≈$28.88−24% y/y |
| Oct 19, 2017 Thu | 11:18 amduring market hours | Sep 30, 2017 | $1.7B+8% y/y | $38.02+34% y/y |
| Jul 21, 2017 Fri | 9:11 ambefore market open | Jun 30, 2017 | $1.5B+11% y/y | $35.19+60% y/y |
| Apr 20, 2017 Thu | 9:14 ambefore market open | Mar 31, 2017 | $1.3B+12% y/y | $25.12+59% y/y |
| Jan 25, 2017 Wed | 10:37 amduring market hours | Dec 31, 2016 | ≈$1.8B+13% y/y | ≈$37.80+18% y/y |
| Oct 20, 2016 Thu | 11:29 amduring market hours | Sep 30, 2016 | $1.5B+10% y/y | $28.46+5% y/y |
| Jul 21, 2016 Thu | 9:08 ambefore market open | Jun 30, 2016 | $1.4B+12% y/y | $22.01+0% y/y |
| Apr 21, 2016 Thu | 9:03 ambefore market open | Mar 31, 2016 | $1.1B+19% y/y | $15.79+71% y/y |
| Jan 26, 2016 Tue | 11:52 amduring market hours | Dec 31, 2015 | ≈$1.6B+17% y/y | ≈$31.92+37% y/y |
| Oct 20, 2015 Tue | 9:25 ambefore market open | Sep 30, 2015 | $1.4B+17% y/y | $27.11+31% y/y |
| Jul 21, 2015 Tue | 9:19 ambefore market open | Jun 30, 2015 | $1.2B+13% y/y | $21.91+44% y/y |
| Apr 21, 2015 Tue | 12:03 pmduring market hours | Mar 31, 2015 | $958M+18% y/y | $9.22+79% y/y |
| Jan 26, 2015 Mon | 2:34 pmduring market hours | Dec 31, 2014 | ≈$1.3B+7% y/y | ≈$23.24+10% y/y |
| Oct 20, 2014 Mon | 9:46 amduring market hours | Sep 30, 2014 | $1.2B+1% y/y | $20.70+17% y/y |
| Jul 21, 2014 Mon | 11:38 amduring market hours | Jun 30, 2014 | $1.1B+9% y/y | $15.17+50% y/y |
| Apr 21, 2014 Mon | 11:57 amduring market hours | Mar 31, 2014 | $811M+5% y/y | $5.16−25% y/y |
| Jan 27, 2014 Mon | 4:32 pmafter market close | Dec 31, 2013 | ≈$1.2B+32% y/y | ≈$21.15+77% y/y |
| Oct 21, 2013 Mon | 12:16 pmduring market hours | Sep 30, 2013 | $1.2B+37% y/y | $17.67+71% y/y |
| Jul 22, 2013 Mon | 12:32 pmduring market hours | Jun 30, 2013 | $1.0B+31% y/y | $10.11+13% y/y |
| Apr 22, 2013 Mon | 5:02 pmafter market close | Mar 31, 2013 | $770M+28% y/y | $6.84+75% y/y |
| Jan 24, 2013 Thu | 10:40 amduring market hours | Dec 31, 2012 | ≈$944M+27% y/y | ≈$11.98+90% y/y |
| Oct 18, 2012 Thu | 1:48 pmduring market hours | Sep 30, 2012 | $871M+23% y/y | $10.33+29% y/y |
| Jul 19, 2012 Thu | 1:42 pmduring market hours | Jun 30, 2012 | $770M+11% y/y | $8.97+38% y/y |
| Apr 19, 2012 Thu | 4:17 pmafter market close | Mar 31, 2012 | $600M+17% y/y | $3.90+55% y/y |
| Jan 26, 2012 Thu | 12:55 pmduring market hours | Dec 31, 2011 | ≈$741M | ≈$6.32 |
| Oct 20, 2011 Thu | 2:29 pmduring market hours | Sep 30, 2011 | $707M | $7.98 |
| Jul 21, 2011 Thu | 11:47 amduring market hours | Jun 30, 2011 | $696M | $6.48 |
| Apr 21, 2011 Thu | 4:39 pmafter market close | Mar 31, 2011 | $515M | $2.52 |
Show all 62 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
NVR, Inc.: 15-year financials
| 2025 | 10,324 | 1,340 | 1,097 |
| 2024 | 10,525 | 1,682 | 1,345 |
| 2023 | 9,518 | 1,592 | 1,473 |
| 2022 | 10,526 | 1,726 | 1,852 |
| 2021 | 8,951 | 1,237 | 1,225 |
| 2020 | 7,537 | 901 | 909 |
| 2019 | 7,389 | 879 | 844 |
| 2018 | 7,164 | 797 | 704 |
| 2017 | 6,306 | 538 | 550 |
| 2016 | 5,823 | 425 | 371 |
| 2015 | 5,159 | 383 | 208 |
| 2014 | 4,445 | 282 | 153 |
| 2013 | 4,211 | 267 | 251 |
| 2012 | 3,185 | 181 | 252 |
| 2011 | 2,659 | 129 | −10 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $3.4B (62% of total assets). Compare with other S&P 500 companies →
NVR, Inc. (NVR) earnings: FAQ
When is NVR's next earnings date?
We have not yet seen an announcement of the date from NVR, Inc. (NVR). Based on last year's report on Oct 22, 2025, the next report is expected around Oct 21, 2026.
What time does NVR report earnings?
NVR, Inc. usually reports during market hours: its latest results release was filed with the SEC at 1:54 pm ET on Jul 23, 2026.
When did NVR last report earnings?
NVR, Inc. reported Q2 2026 results on Jul 23, 2026.
Where can I find NVR, Inc.'s financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to NVR's filings; this page breaks the latest report down in a Sankey chart.
What was NVR's net income in Q2 2026?
NVR, Inc. reported net income of $236M for Q2 2026 (−29.1% year over year), under US GAAP.
How has NVR, Inc.'s revenue changed since 2011?
Per its 10-K filings, revenue grew 3.9x: $2,659M in 2011 and $10,324M in 2025. The peak was $10,526M in 2022. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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