Friday 6 November 2026 Export FAF’s income statement to Excel — free account

First American Financial Corporation

First American Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.5 billion, up 21.6% from fiscal 2024.

Revenue: +5.34%
EPS: −6.52%
Free cash flow: −12.3%
Total debt: +0.08%

Quarter to September 2026, against a year earlier

67.94 0.27 +0.40%

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Market cap: $7.0B
P/E: 9.5×
Fwd P/E: 9.6×
Dividend yield: 3.33%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

First American Financial Corporation (FAF) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Title Insurance and Services	6,978	93.63%
Home Warranty	443	5.94%
Corporate	32	0.43%
Corporate and Eliminations	32	0.42%
Gross margin		100.00%
Operating margin		14.29%
Pre-tax margin		11.09%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Title Insurance and Services	6,978 93.63%	5,737 93.62%	5,725 95.36%	7,547 99.23%	8,321 90.24%	6,535 92.22%	5,676 91.52%	5,283 91.91%	5,293 91.70%	5,134 92.08%	4,788 92.52%	4,304 92.02%	4,606 92.94%	4,201 92.49%	3,541 92.69%	3,616 92.55%	3,767 93.09%
Home Warranty	443 5.94%	426 6.95%	417 6.95%	419 5.51%	422 4.58%	—	—	—	—	—	—	—	—	—	—	—	—
Corporate	32 0.43%	(33) (0.55%)	(137) (2.29%)	(358) (4.71%)	—	—	22 0.35%	—	—	—	—	—	—	—	—	—	—
Corporate and Eliminations	32 0.42%	(35) (0.57%)	(138) (2.31%)	(361) (4.74%)	478 5.18%	19 0.27%	—	—	—	—	—	—	—	—	—	—	—
Specialty Insurance	—	—	—	—	—	532 7.51%	506 8.16%	469 8.17%	465 8.06%	436 7.82%	394 7.61%	369 7.88%	340 6.85%	315 6.94%	287 7.51%	287 7.34%	278 6.88%
Unallocated Amount to Segment [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6 0.16%	1 0.03%
Intersegment Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(2) (0.05%)	—
Other, not broken out	—	33 0.55%	137 2.29%	358 4.71%	—	—	—	—	—	—	—	—	—	26 0.58%	—	—	—
Revenue	7,452	6,128	6,004	7,605	9,221	7,086	6,202	5,748	5,772	5,576	5,175	4,678	4,956	4,542	3,821	3,907	4,047

Revenue by region $m

Line	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	6,725 94.91%	5,881 94.82%	5,454 94.89%	5,477 94.88%	5,267 94.45%	4,874 94.18%	4,346 92.91%	—	—	—
Non-US	342 4.82%	301 4.85%	298 5.19%	281 4.87%	303 5.44%	307 5.94%	325 6.96%	—	—	—
Domestic Tax Authority	—	—	—	—	—	—	—	4,623 93.27%	4,179 92.02%	3,474 90.93%
Foreign Tax Authority	—	—	—	—	—	—	—	320 6.47%	333 7.32%	350 9.17%
Other, not broken out	—	—	—	—	—	—	—	—	30 0.66%	—
Revenue	7,086	6,202	5,748	5,772	5,576	5,175	4,678	4,956	4,542	3,821

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Commercial average revenue per order	Q3 FY2026	$18,222.00	$16,119.00	+13.05%
Commercial closed orders per day	Q3 FY2026	255.00	238.00	+7.14%
Commercial open orders per day	Q3 FY2026	452.00	441.00	+2.49%
Default and other average revenue per order	Q3 FY2026	$293.00	$343.00	−14.58%
Default and other closed orders per day	Q3 FY2026	322.00	413.00	−22.03%
Default and other open orders per day	Q3 FY2026	342.00	402.00	−14.93%
Purchase average revenue per order	Q3 FY2026	$3,766.00	$3,689.00	+2.09%
Purchase closed orders per day	Q3 FY2026	1.0K	1.1K	−4.52%
Purchase open orders per day	Q3 FY2026	1.3K	1.4K	−5.09%
Refinance as % of residential closed orders	Q3 FY2026	34.0%	32.0%	—
Refinance as % of residential open orders	Q3 FY2026	33.0%	36.0%	—
Refinance average revenue per order	Q3 FY2026	$992.00	$1,034.00	−4.06%
Refinance closed orders per day	Q3 FY2026	517.00	503.00	+2.78%
Refinance open orders per day	Q3 FY2026	645.00	771.00	−16.34%
Title closed orders	Q3 FY2026	134.9K	141.8K	−4.87%
Title open orders	Q3 FY2026	175.6K	191.3K	−8.21%
Total closed orders per day	Q3 FY2026	2.1K	2.2K	−4.87%
Total open orders per day	Q3 FY2026	2.7K	3.0K	−8.20%
U.S. commercial closed orders	Q3 FY2026	16.3K	15.3K	+6.54%
U.S. commercial open orders	Q3 FY2026	28.9K	28.2K	+2.48%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Commercial average revenue per order	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial closed orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial open orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Default and other average revenue per order	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Default and other closed orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Default and other open orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Purchase average revenue per order	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Purchase closed orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Purchase open orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinance as % of residential closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinance as % of residential open orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinance average revenue per order	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinance closed orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinance open orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Title closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Title open orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total closed orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total open orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. commercial closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. commercial open orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.