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Fidelity National Financial, Inc. (FNF)

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Fidelity National Financial, Inc. (FNF) reported revenue of $4.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 11.4% on the same quarter a year earlier. Net income was $288 million, up 3.6% on the year, and diluted earnings per share $1.08. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$4.1 billionup 11.4%
Net income$288 millionup 3.6%
Diluted EPS$1.08
QuarterQ2 FY2026ended 30 June 2026

Fidelity National Financial (FNF) in brief

Fidelity National Financial (FNF) reported revenue of $14.4 billion for fiscal 2025, the year ended 31 December 2025, up 5.6% on the year before.
Read moreNet income was $602 million and diluted earnings per share $2.21. Revenue was $13.7 billion in fiscal 2024, $11.8 billion in fiscal 2023, $11.6 billion in fiscal 2022 and $15.6 billion in fiscal 2021. Net income in the same years was $1.3 billion, $517 million, $1.3 billion and $2.8 billion. Over the twelve months to 30 June 2026, Fidelity National Financial reported revenue of $15.4 billion and net income of $772 million. Revenue grew 6.0% a year, compounded, over the five years to fiscal 2025. Fidelity National Financial declared $2.02 a share in dividends over the last four quarters and had 268 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of Fidelity National Financial was $10.7 billion, 13.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE10.4%
ROCE14.7%
Operating margin11.3%
Net margin5.0%
FCF marginn/a
Interest covern/a
Debt to equity0.59
Cash conversion7.21
Share count, 1 year-1.5%
Sales CAGR, 3 years7.7%
Profit CAGR, 3 years-22.5%
EPS, TTM$2.87

At the close of 8 October 2026

Price$39.77
Market cap$10.7 billion
Stock P/E13.86
Price to book1.43
EV / EBITDA4.37
Dividend yield5.1%
Market cap / sales0.69
52-week high$57.61
52-week low$38.65
Price, 1 year-27.2%
Price CAGR, 3 years1.6%
Price CAGR, 5 years-1.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Fidelity National Financial, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
FNFgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on FNF

Filings19 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 other events; 1 regulation fd disclosure; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote
Planned insider sales4 Form 144 notices in twelve months, $4.0 million; latest 26 June 2026
Options tapeput/call 12.1 by open interest at the 8 October 2026 close; the straddle prices a 5.8% move to 16 October 2026
13F holders8 of the followed funds hold it; largest FMR LLC; 4 Schedule 13D or 13G filings in twelve months
Insider trading5 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.4 million shares short, 4.06 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,7783,4323,2993,1583,6033,6212,7293,6354,0304,0513,2264,051
Operating income603-168331458313640111382453451498338
Operating margin22%-5%10%15%9%18%4%11%11%11%15%8%
Interest expense44.045.049.047.056.057.060.061.0n/an/an/an/a
Pre-tax income603-168331458313640111382453451498338
Tax rate23%n/a19%25%14%22%26%26%20%119%35%19%
Net income426-69.024830626645083.0278358-117243288
Net margin15%-2%8%10%7%12%3%8%9%-3%8%7%
Diluted EPS$1.57-$0.25$0.91$1.12$0.97$1.65$0.30$1.02$1.33-$0.44$0.90$1.08
Operating cash flow1,0762,2631,5911,3632,3661,4951,1151,8961,3111,5068751,871
Buybacks0.00.00.00.00.00.024.015443.030.078.060.0
Dividends paid123134130131130141136135135140140138
Shares outstanding272m273m273m273m274m275m275m272m271m271m269m268m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue8,0246,6647,2577,6637,5948,46910,77815,64311,55611,75213,68114,44515,358
Operating income3927709558647501,3691,7843,5461,7216931,7421,3971,740
Operating margin4.9%11.6%13.2%11.3%9.9%16.2%16.6%22.7%14.9%5.9%12.7%9.7%11.3%
Interest expense12773.064.048.043.047.090.0114115174209n/an/a
Pre-tax income3927709558647501,3691,7843,5581,7306931,7421,3971,740
Income tax312274347235120308322813439192367753864
Effective tax rate79.6%35.6%36.3%27.2%16.0%22.5%18.0%22.8%25.4%27.7%21.1%53.9%49.7%
Net income5835276507716281,0621,4272,7971,2945171,270602772
Net margin7.3%7.9%9.0%10.1%8.3%12.5%13.2%17.9%11.2%4.4%9.3%4.2%5.0%
Diluted EPSn/an/an/an/a$2.26$3.83$4.99$9.75$4.67$1.91$4.65$2.21$2.87
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Title7,0387,7028,49058.3%
F&G4,5005,7445,73139.4%
Corporate and Other2793433412.3%
TitleF&GCorporate and Other
11.8FY202313.8FY202414.6FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Fidelity National Financial: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow5949511,1627379431,1211,5784,0904,3556,4786,8155,8285,563
Capital expenditure210n/an/an/an/an/an/an/an/an/an/an/an/a
Free cash flow384n/an/an/an/an/an/an/an/an/an/an/an/a
Free cash flow margin4.8%n/an/an/an/an/an/an/an/an/an/an/an/a
Cash from investing-2,720-571-19179.0-354-520-2,331-7,449-10,524-9,090-7,862-8,934-5,582
Cash from financing1,060-272-428-1,029-442-4822,0965,0004,0953,0931,7592,263329
Depreciation and amortisation476410431389182178296432491593739844882
Share-based compensation51.056.058.044.031.038.039.042.049.060.082.088.093.0
Buybacks2.049827623.020.086.02364635536.00.0251211
Dividends paid203220239278328344389446489500532546553
Dividend per sharen/an/an/an/an/an/an/a$1.56$1.77$1.83$1.94$2.02n/a
Diluted shares, weighted138mn/an/an/a278m277m286m287m277m271m273m272m267m
Shares outstanding at period endn/an/an/a274m275m276m291m284m272m273m275m271m268m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity5,9945,7545,9964,4474,6305,3828,3519,4146,1166,9087,7547,4247,453
Non-controlling interest79.083490220.0-2.0-17.041.043.04535527781,5481,356
Redeemable equity7153443443443443440.00.0n/an/an/an/an/a
Deposits622n/an/an/a822791n/an/an/an/an/an/an/a
Debt2,8032,7939877598368382,6623,0963,2383,8874,3214,4004,378
Other liabilities3,6554,2066,2923,5812,6713,33939,40148,77755,33669,26782,51995,642101,341
Total liabilities and equity13,86813,93114,5219,1519,30110,67750,45561,33065,14380,61495,372109,014114,528
Owned
Fixed assets635510192193164176180185179168173189188
Goodwill4,7212,3482,5552,7462,7262,7274,4954,5394,6424,8305,2715,2725,216
Intangible assets1,133n/a5856185134225405233,8114,6275,976917n/a
Securities held for sale or to maturity3,0252,5582,4071,8161,9982,09027,58731,99033,09542,37348,21854,56154,273
Loansn/an/an/an/an/an/an/a3,7494,5545,3365,9267,8919,265
Cash and equivalents7007801,0491,1101,2571,3762,7194,3602,2862,7673,4792,6363,582
Other assets3,6547,7357,7332,6682,6433,88614,93415,98416,57620,51326,32937,54842,004
Total assets13,86813,93114,5219,1519,30110,67750,45561,33065,14380,61495,372109,014114,528
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded8.0%6.0%7.7%13.0%
Profit growth, compounded1.3%-15.9%-22.5%-28.3%
Return on equity, average16.1%16.6%10.7%8.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Unum Group UNM$14.7 billion21.596.5%6.8%3.4%0.351.9%
Equitable Holdings, Inc. EQH$14.6 billionn/an/a-5.7%-22.1%n/a2.0%
Renaissancere Holdings Ltd. RNR$13.9 billion5.6522.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$13.5 billion13.0317.4%9.9%9.4%0.351.2%
Erie Indemnity Co. ERIE$11.8 billion20.5223.4%17.9%3.7%0.00n/a
American Financial Group Inc. AFG$11.8 billion12.4119.8%14.5%-0.2%0.385.1%
Fidelity National Financial, Inc. FNF$10.7 billion13.8610.4%11.3%13.0%0.595.1%
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.3 billion8.4518.7%14.8%12.1%n/a9.5%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
First American Financial Corp. FAF$6.4 billion8.7013.3%12.3%22.6%n/a3.5%
All 52 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.09 trillion12.7311.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$335.7 billion23.8713.5%4.8%6.5%0.672.4%
Chubb Ltd. CB$132.6 billion12.1614.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$127.2 billion10.9734.1%16.2%10.5%0.246.4%
Elevance Health, Inc. ELV$86.9 billion17.8211.1%2.7%6.3%0.691.7%
Marsh & Mclennan Companies, Inc. MRSH$83.0 billion21.2325.8%21.6%8.3%1.272.0%
Travelers Companies, Inc. TRV$77.2 billion9.8725.1%21.1%2.4%0.270.8%
Cigna Group CI$74.3 billion11.6315.1%3.5%7.8%0.682.1%
Manulife Financial Corporation MFC *$69.9 billion19.3511.1%n/an/a0.153.4%
Metlife Inc. MET$62.8 billion18.8313.2%8.3%8.7%0.522.3%
Arthur J. Gallagher & Co. AJG$60.0 billion38.816.6%12.6%26.3%0.571.1%
Aon plc AON$58.8 billion15.2840.8%26.5%4.9%1.351.1%
Allstate Corp. ALL$58.6 billion4.6139.4%23.2%5.9%0.221.7%
Aflac Inc. AFL$57.7 billion12.4016.0%32.0%13.6%0.282.0%
Humana Inc. HUM$46.5 billion36.626.7%1.9%18.3%0.620.9%
Sun Life Financial Inc. SLF *$42.0 billion17.5714.5%n/a8.0%0.333.5%
American International Group, Inc. AIG$40.4 billion14.097.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.2 billion10.2912.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.1 billion8.3722.2%17.3%7.0%0.221.7%
Arch Capital Group Ltd. ACGL$32.8 billion7.5119.5%26.9%0.4%0.185.2%
Centene Corp. CNC$31.9 billionn/a-22.6%-2.8%13.9%0.71n/a
Everest Group, Ltd. EG$27.8 billion7.8912.4%13.4%-5.1%0.032.1%
Willis Towers Watson plc WTW$27.7 billion18.3220.4%22.2%3.0%0.751.2%
W. R. Berkley Corp. WRB$26.7 billion14.7919.6%n/a4.3%n/a2.6%
Cincinnati Financial Corp. CINF$25.4 billion7.7920.0%29.8%19.6%0.052.1%
Principal Financial Group Inc. PFG$23.6 billion15.6412.8%11.9%3.7%0.362.8%
Loews Corp. L$22.0 billion13.208.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$21.0 billion20.119.6%n/a34.2%0.621.0%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.3 billion20.128.5%5.4%29.1%0.832.8%
Globe Life Inc. GL$15.3 billion11.0319.7%24.2%5.2%0.480.7%
Unum Group UNM$14.7 billion21.596.5%6.8%3.4%0.351.9%
Equitable Holdings, Inc. EQH$14.6 billionn/an/a-5.7%-22.1%n/a2.0%
Renaissancere Holdings Ltd. RNR$13.9 billion5.6522.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$13.5 billion13.0317.4%9.9%9.4%0.351.2%
Erie Indemnity Co. ERIE$11.8 billion20.5223.4%17.9%3.7%0.00n/a
American Financial Group Inc. AFG$11.8 billion12.4119.8%14.5%-0.2%0.385.1%
Fidelity National Financial, Inc. FNF$10.7 billion13.8610.4%11.3%13.0%0.595.1%
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.3 billion8.4518.7%14.8%12.1%n/a9.5%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.7627.9%35.7%15.8%0.110.2%
Hanover Insurance Group, Inc. THG$7.7 billion10.5920.6%15.4%5.6%0.23n/a
First American Financial Corp. FAF$6.4 billion8.7013.3%12.3%22.6%n/a3.5%
Mgic Investment Corp. MTG$5.8 billion8.7114.1%74.0%-1.9%0.132.2%
Essent Group Ltd. ESNT$5.7 billion8.8712.0%62.0%4.3%0.082.1%
RLI Corp. RLI$5.2 billion11.8325.0%28.0%8.7%0.174.7%
Selective Insurance Group Inc. SIGI$5.1 billion10.5613.6%11.5%7.0%0.251.8%
CNO Financial Group, Inc. CNO$5.0 billion18.4010.8%13.3%6.0%0.521.3%
Brighthouse Financial, Inc. BHF$2.8 billion3.9412.7%14.7%2.6%0.48n/a
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.13n/a
1 company shares its SEC industry code (Title Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR

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