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

Fidelity National Financial, Inc.

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Fidelity National Financial, Inc. (FNF) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2017: revenue by segment, and margins
Title	7,211	94.10%
Corporate and Other	452	5.90%
Gross margin		72.74%
Operating margin		11.27%
Pre-tax margin		11.27%

Revenue by segment $m

Line	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2010	FY2009
Title	7,211 94.10%	6,978 96.16%	—	—	—	—	—	—
Corporate and Other	452 5.90%	279 3.84%	—	—	—	—	—	—
Fidelity National Financial Group	—	—	6,664 100.00%	6,490 80.88%	5,943 79.88%	5,586 83.77%	5,230 96.62%	5,488 99.40%
Restaurant group	—	—	—	—	—	1,027 15.40%	—	—
FNF Corporate and Other	—	—	—	—	—	45 0.67%	—	—
Portfolio Company Corporate and Other	—	—	—	—	—	10 0.15%	—	—
Other Segments	—	—	—	—	—	—	183 3.38%	33 0.60%
Fidelity National Financial Ventures, LLC	—	—	—	—	—	1,037	—	—
Revenue	7,663	7,257	6,664	8,024	7,440	6,668	5,413	5,521

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

Figure	Quarter	Latest	A year before	Change
AUM before flow reinsurance	Q3 FY2026	$76.2B	$71.4B	+6.72%
Core sales	Q3 FY2026	$2.4B	—	—
Fee per file	Q4 FY2025	$4,099.00	$3,909.00	+4.86%
F&G assets under management	Q3 FY2026	$56.2B	$56.6B	−0.77%
F&G total gross sales	Q3 FY2026	$3.0B	$4.2B	−29.21%
Fixed rate annuities	Q3 FY2026	$73.0M	—	—
Funding agreements (FABN/FHLB)	Q3 FY2026	$570.0M	—	—
Indexed annuity sales	Q3 FY2026	$2.1B	—	—
Indexed universal life sales	Q3 FY2026	$42.0M	—	—
National commercial closed orders	Q4 FY2025	14.2K	11.8K	+20.34%
National commercial opened orders	Q4 FY2025	22.5K	20.7K	+8.70%
Net sales	Q3 FY2026	$1.4B	$2.8B	−49.82%
Opportunistic sales	Q3 FY2026	$643.0M	—	—
Pension risk transfer	Q3 FY2026	$172.0M	—	—
Purchase % of closed orders	Q2 FY2026	72.0%	75.0%	—
Purchase % of opened orders	Q3 FY2026	73.0%	70.0%	—
Refinance % of closed orders	Q2 FY2026	28.0%	25.0%	—
Refinance % of opened orders	Q3 FY2026	27.0%	30.0%	—
Residential fee per file	Q4 FY2025	$2,722.00	$2,772.00	−1.80%
Total closed orders	Q3 FY2026	260.0K	250.0K	+4.00%
Total closed orders per day	Q3 FY2026	4.1K	3.9K	+5.13%
Total commercial closed orders	Q4 FY2025	32.9K	28.9K	+13.84%
Total commercial opened orders	Q1 FY2026	55.2K	52.6K	+4.94%
Total opened orders	Q3 FY2026	368.0K	370.0K	−0.54%
Total opened orders per day	Q3 FY2026	5.8K	5.8K	0.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
AUM before flow reinsurance	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Core sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fee per file	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
F&G assets under management	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
F&G total gross sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fixed rate annuities	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Funding agreements (FABN/FHLB)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Indexed annuity sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Indexed universal life sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
National commercial closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
National commercial opened orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Opportunistic sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pension risk transfer	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Purchase % of closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Purchase % of opened orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinance % of closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinance % of opened orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Residential fee per file	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total closed orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total commercial closed orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total commercial opened orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total opened orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total opened orders per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

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.