Taylor Wimpey full-year results preview: Can the housebuilder sustain momentum into 2026?
Taylor Wimpey is preparing to publish its full-year 2025 results on 5 March 2026, a key moment for investors assessing how one of the UK’s largest housebuilders has navigated a challenging market backdrop characterised by affordability pressures, muted demand from first-time buyers and shifting planning dynamics.
Taylor Wimpey is expected to report higher full-year 2025 revenue, but lower pre-tax profit and earnings per share (EPS) compared to full-year 2024 results.
Revenue: £3.79 billion, 11.5% above its FY 2024 £3.40 billion result.
Pre-tax profit: £346,4 million, around 17.2% lower than a year ago.
EPS: 7.92p, 5.7% lower than full-year 2024’s 8.40p.
Markets will be looking for confirmation that the trading trends revealed in January are reflected in the full results, as well as clear guidance for 2026.
January trading update sets baseline expectations
In its 15 January 2026 trading update, Taylor Wimpey reported what it described as a “robust performance in 2025” despite persistent headwinds. The group disclosed that total revenue increased to approximately £3.8 billion – up from £3.4 billion in 2024 – driven by higher house completions, stronger average selling prices and land sales.
Full-year operating profit was expected to be around £420 million, slightly ahead of the prior year, although the operating margin was projected to fall to around 11% from 12.2% in 2024, reflecting softer pricing on bulk deals and build cost inflation.
Total group completions including joint ventures rose to 11,229 homes, with UK completions excluding joint ventures in the middle of guidance at 10,614 homes. These figures underline Taylor Wimpey’s ability to maintain output at guided levels even as demand remains constrained.
Sales rates and cancellations remain stable
The company’s UK net private reservation rate remained at 0.75 homes per outlet per week, unchanged from 2024, though excluding bulk deals the sales rate was slightly lower at 0.65 compared with 0.67 a year earlier.
Cancellation rates stayed flat at 15 percent, suggesting that while demand is subdued, buyer commitment has been stable in a market where affordability – particularly for first-time buyers – continues to delay purchase decisions.
The order book stood at around £1.86 billion for 6,832 homes, down on the prior year, reflecting both softening demand and the impact of uncertainty ahead of the UK autumn budget.
Balance sheet strength maintained
Despite these challenges, Taylor Wimpey reported progress on planning approvals and outlet openings, underpinned by changes in the UK’s planning framework that the company said had helped accelerate determinations and support future supply. That backdrop – coupled with a net cash position of around £343 million at year end – positions the housebuilder to pursue its medium-term objectives without the immediate need for increased leverage.
Analyst focus and ratings
Looking ahead to the 5 March 2026 earnings release, investors will focus on the translation of trading update metrics into full financials, including how revenue growth has flowed through to operating and net profits, and whether margins have broadened or contracted more than anticipated.
Analysts will also scrutinise cash flow performance and balance-sheet strength, especially given ongoing investment in outlet expansions and planning-related activities that could influence 2026 roll-out.
According to LSEG Data & Analytics, analysts rate Taylor Wimpey as a ‘buy’, four as a ‘strong buy’, six as a ‘buy’, seven as a ‘hold’ and two as a ‘sell’ with a mean long-term price target at 123.88p, around 12% higher than the current share price (as of 2 March 2026).