D.R. Horton, Inc. (NYSE: DHI) reported its fourth quarter and fiscal year 2026 results on October 29, 2026, alongside an announcement of a dividend increase. The company reported consolidated revenues of $9.4 billion for the fourth quarter, a decrease of 2% compared to the prior year. Homebuilding revenue was $8.4 billion, and the company closed 22,915 homes during the quarter. Net income attributable to D.R. Horton was $741.8 million, or $2.67 per diluted share, a decrease of 18% and 12% respectively. The company recorded $91.4 million in inventory impairment charges in its rental segment.
For the full fiscal year 2026, consolidated revenues totaled $33.0 billion, a decrease of 3% year-over-year. Homebuilding revenue was $30.6 billion, and the company closed 84,202 homes. Net income attributable to D.R. Horton was $2.9 billion, or $10.11 per diluted share, a decrease of 19% and 13% respectively. The company generated $3.5 billion in cash from operations and repurchased 24.0 million shares of common stock for $3.6 billion during the year. Book value per share increased 4% to $85.14.
In a separate announcement, D.R. Horton’s Board of Directors increased the quarterly cash dividend by 11% to $0.50 per share. This marks the company’s thirteenth consecutive year of dividend growth. The dividend is payable on November 19, 2026, to stockholders of record on November 12, 2026. The company paid $513.3 million in cash dividends during fiscal 2026.
Regarding fiscal 2027 guidance, D.R. Horton expects consolidated revenues between $30.0 billion and $32.0 billion, homes closed between 79,000 and 84,000, and a consolidated cash flow provided by operations of approximately $3.5 billion. The company also plans to repurchase approximately $3.0 billion in shares and pay dividends of approximately $500 million.
