Fidelity National Financial, Inc. (FNF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 3.23B | 4.07B | 3.94B | 3.58B | 2.67B | 3.53B | 3.52B | 3.06B | 3.25B | 3.37B | 2.71B | 3.02B | 2.42B | 2.56B | 3.26B | 2.58B | 3.05B | 4.62B | 3.72B | 3.69B |
| Revenue Growth % | 20.64% | 15.25% | 11.94% | 16.83% | -17.6% | 4.66% | 29.9% | 1.22% | 34.26% | 31.77% | -16.93% | 17.31% | -20.86% | -44.61% | -12.43% | -30.16% | 1.13% | 24.23% | 26.19% | 52.48% |
| Medical Costs & Claims | 62M | 72M | 1.98B | 1.71B | 1.22B | 1.49B | 1.84B | 689M | 1.66B | 2.27B | 864M | 1.39B | 1.33B | 1.34B | 1.32B | 457M | 1.2B | 2.54B | 1.29B | 1.64B |
| Medical Cost Ratio % | 1.92% | 1.77% | 50.37% | 47.8% | 45.44% | 42.28% | 52.26% | 22.52% | 51.03% | 67.35% | 31.89% | 46.08% | 55.23% | 52.48% | 40.57% | 17.73% | 39.33% | 55.09% | 34.77% | 44.5% |
| Gross Profit | 3.16B | 4B | 1.96B | 1.87B | 1.46B | 2.04B | 1.68B | 2.37B | 1.59B | 1.1B | 1.84B | 1.63B | 1.08B | 1.22B | 1.94B | 2.12B | 1.85B | 2.08B | 2.43B | 2.05B |
| Gross Margin % | 98.08% | 98.23% | 49.63% | 52.2% | 54.56% | 57.72% | 47.74% | 77.48% | 48.97% | 32.65% | 68.11% | 53.92% | 44.77% | 47.52% | 59.43% | 82.27% | 60.67% | 44.91% | 65.23% | 55.5% |
| Gross Profit Growth % | 116.86% | 96.12% | 16.37% | -21.3% | -8.18% | 85.01% | -8.94% | 45.46% | 46.86% | -9.46% | -4.8% | -23.11% | -41.61% | -41.4% | -20.21% | 3.52% | -14.13% | -10.94% | 29.62% | 27.52% |
| Operating Expenses | 2.67B | 3.54B | 1.5B | 1.48B | 1.35B | 1.4B | 1.37B | 1.91B | 1.26B | 1.27B | 1.24B | 1.3B | 1.16B | 1.18B | 1.44B | 1.39B | 1.3B | 1.39B | 1.5B | 1.33B |
| OpEx / Revenue % | 82.7% | 87.16% | 38.13% | 41.51% | 50.41% | 39.59% | 38.85% | 62.52% | 38.77% | 37.63% | 45.85% | 42.94% | 47.83% | 46.11% | 44% | 53.9% | 42.47% | 30.04% | 40.36% | 36.18% |
| Depreciation & Amortization | 215M | 221M | 227M | 200M | 196M | 194M | 189M | 189M | 167M | 155M | 153M | 151M | 134M | 22M | 126M | 120M | 115M | 105M | 252M | 105M |
| Combined Ratio % | 84.62% | 88.94% | 88.5% | 89.31% | 95.85% | 81.86% | 91.11% | 85.03% | 89.8% | 104.98% | 77.74% | 89.02% | 103.06% | 98.59% | 84.58% | 71.63% | 81.79% | 85.13% | 75.13% | 80.68% |
| Operating Income | 496M | 450M | 453M | 382M | 111M | 640M | 313M | 459M | 332M | -168M | 603M | 333M | -74M | 36M | 503M | 731M | 556M | 687M | 926M | 713M |
| Operating Margin % | 15.38% | 11.06% | 11.5% | 10.69% | 4.15% | 18.14% | 8.89% | 15% | 10.23% | -4.98% | 22.26% | 11.02% | -3.06% | 1.41% | 15.42% | 28.37% | 18.21% | 14.87% | 24.87% | 19.32% |
| Operating Income Growth % | 346.85% | -29.69% | 44.73% | -16.78% | -66.57% | 480.95% | -48.09% | 37.84% | 548.65% | -566.67% | 19.88% | -54.45% | -113.31% | -94.76% | -45.68% | 2.52% | -26.55% | -26.13% | 71.8% | 77.81% |
| EBITDA | 711M | 671M | 680M | 582M | 307M | 834M | 502M | 648M | 499M | -13M | 756M | 484M | 60M | 58M | 629M | 851M | 671M | 792M | 1.18B | 818M |
| EBITDA Margin % | 22.04% | 16.5% | 17.26% | 16.28% | 11.48% | 23.63% | 14.27% | 21.18% | 15.38% | -0.39% | 27.91% | 16.01% | 2.48% | 2.27% | 19.29% | 33.02% | 21.97% | 17.14% | 31.63% | 22.17% |
| Interest Expense | 61M | 61M | 60M | 61M | 60M | 57M | 56M | 47M | 49M | 45M | 44M | 43M | 42M | 26M | 28M | 31M | 30M | 31M | 27M | 28M |
| Non-Operating Income | -61M | -61M | -60M | -61M | -60M | -57M | -56M | -47M | -49M | -45M | -44M | -43M | -42M | -26M | -28M | -31M | -30M | -31M | -27M | -28M |
| Pretax Income | 496M | 450M | 479M | 391M | 112M | 652M | 315M | 459M | 332M | -167M | 618M | 333M | -74M | 35M | 503M | 745M | 558M | 697M | 953M | 727M |
| Pretax Margin % | 15.38% | 11.06% | 12.16% | 10.94% | 4.19% | 18.48% | 8.95% | 15% | 10.23% | -4.95% | 22.81% | 11.02% | -3.06% | 1.37% | 15.42% | 28.91% | 18.27% | 15.09% | 25.59% | 19.7% |
| Income Tax | 175M | 536M | 90M | 98M | 29M | 144M | 44M | 116M | 63M | -53M | 141M | 90M | 14M | -36M | 136M | 202M | 156M | 158M | 213M | 176M |
| Effective Tax Rate % | 35.28% | 119.11% | 18.79% | 25.06% | 25.89% | 22.09% | 13.97% | 25.27% | 18.98% | 31.74% | 22.82% | 27.03% | -18.92% | -102.86% | 27.04% | 27.11% | 27.96% | 22.67% | 22.35% | 24.21% |
| Net Income | 243M | -117M | 358M | 278M | 83M | 450M | 266M | 306M | 248M | -69M | 426M | 219M | -59M | 68M | 362M | 537M | 400M | 533M | 732M | 552M |
| Net Margin % | 7.53% | -2.88% | 9.09% | 7.78% | 3.1% | 12.75% | 7.56% | 10% | 7.64% | -2.05% | 15.73% | 7.24% | -2.44% | 2.66% | 11.1% | 20.84% | 13.1% | 11.54% | 19.66% | 14.96% |
| Net Income Growth % | 192.77% | -126% | 34.59% | -9.15% | -66.53% | 752.17% | -37.56% | 39.73% | 520.34% | -201.47% | 17.68% | -59.22% | -114.75% | -87.24% | -50.55% | -2.72% | -33.88% | -33.46% | 93.65% | 78.64% |
| EPS (Diluted) | 0.90 | -0.43 | 1.33 | 1.02 | 0.30 | 1.65 | 0.97 | 1.12 | 0.91 | -0.25 | 1.57 | 0.81 | -0.22 | 0.25 | 1.05 | 1.37 | 1.41 | 1.87 | 2.57 | 1.92 |
| EPS Growth % | 200% | -126.06% | 37.11% | -8.93% | -67.03% | 760% | -38.22% | 38.27% | 513.64% | -200% | 49.52% | -40.88% | -115.6% | -86.63% | -59.14% | -28.65% | -32.21% | -31.5% | 99.22% | 72.97% |
| EPS (Basic) | 0.90 | -0.43 | 1.33 | 1.02 | 0.30 | 1.65 | 0.98 | 1.13 | 0.92 | -0.25 | 1.58 | 0.81 | -0.22 | 0.25 | 1.06 | 1.37 | 1.42 | 1.89 | 2.59 | 1.93 |
| Diluted Shares Outstanding | 269M | 270M | 273M | 273M | 273M | 273M | 273M | 273M | 272M | 271M | 271M | 271M | 270M | 271M | 275M | 279M | 283M | 285M | 285M | 288M |