Fidelity National Financial, Inc.

FNF Financial Insurance Specialty

Fidelity National Financial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.4 billion, up 5.58% from fiscal 2024.

Revenue
+11.4%
EPS
+9.80%
Free cash flow
−1.24%
Total debt
−0.43%

Quarter to June 2026, against a year earlier

42.97 0.31 −0.72%
Market cap
$11.5B
P/E
15.2×
Fwd P/E
9.3×
Dividend yield
4.80%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Fidelity National Financial, Inc. (FNF) Operating margin

Alert me on Operating margin

Fidelity National Financial, Inc.'s operating margin over the twelve months to 30 June 2026 was 12.9%, up 1.6 percentage points from fiscal 2025 (11.4%). Over the past ten years it has ranged from 7.38% (fiscal 2023) to 23.5% (fiscal 2021); the current reading is higher than 27% of that period. That is below the Insurance Specialty industry median of 15.2% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 11.4% (2.91)
FY2024 14.3% 6.88
FY2023 7.38% (8.57)
FY2022 16.0% (7.51)
FY2021 23.5% 6.07
FY2020 17.4% 0.67
FY2019 16.7% 6.28
FY2018 10.4% (1.46)
FY2017 11.9% (2.14)
FY2016 14.0% 1.39

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 9.85% (7.48)
Mar 2026 17.3% 4.69
Dec 2025 12.6% (0.09)
Sep 2025 12.7% 0.54
42 more quarters

Against its own ten years

Low 7.38% High 23.5%
Ten-year median 14.0%
Current reading's percentile 43

Operating margin against peers

Company Operating margin
MTG MGIC Investment Corporation compare 76.2%
NMIH NMI Holdings Inc compare 73.2%
ESNT Essent Group Ltd. compare 64.5%
RDN Radian Group Inc. compare 48.7%
AGO Assured Guaranty Ltd. compare 46.4%
AXS Axis Capital Holdings Limited compare 18.2%
FAF First American Financial Corporation compare 15.2%
FNF Fidelity National Financial, Inc. 12.9%
ACT Enact Holdings, Inc. compare 0.00%
Insurance Specialty industry median 15.2%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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