Saturday 17 October 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. In the quarter to June 2026, revenue grew 11.4%, EPS grew 9.80%, free cash flow fell 1.24% and total debt was flat, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.

40.05 0.37 +0.93%

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Market cap: $10.6B
P/E: 14.1×
Fwd P/E: 8.8×
Dividend yield: 5.15%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 7.88

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	1	—	—	1	—	2	—	—	—	—

Insider Ownership 5.29%

Capital & Financial Ratios $m

Market Cap 10,640.00

Revenue 15,358.00

Net Income 900.00

Free Cash Flow 5,428.00

Net Debt 796.00

Current Ratio 0.25

Debt/Equity 0.50

P/E ratio 14.14

Fwd P/E 8.77

P/S ratio 0.70

P/B ratio 1.21

Past 5Y EPS Growth (14.41%)

This Y EPS Growth 0.62%

Next Y EPS Growth 8.91%

Next Y revenue growth 3.04%

Next 5Y EPS Growth 5.84%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 58.24%

10-year low 10-year high

P/S against its own 10 years 2.25%

10-year low 10-year high

P/B against its own 10 years 5.34%

10-year low 10-year high

Dividends

Payout Ratio 0.73

Annual Dividend Rate 2.06

Annual Dividend Yield 5.15%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.05	0.52 0.52 0.52
2025	1.95	0.48 0.48 0.48 0.50
2024	1.87	0.46 0.46 0.46 0.48
2023	1.76	0.43 0.43 0.43 0.46
2022	3.22	0.41 0.41 0.41 1.56 0.43
2021	1.45	0.33 0.33 0.37 0.41
2020	1.25	0.31 0.31 0.31 0.33
2019	1.18	0.29 0.29 0.29 0.01 0.31
2018	1.11	0.28 0.28 0.28 0.28
2017	14.01	0.17 0.17 0.17 13.50 0.01
2016	0.59	0.14 0.14 0.14 0.17

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,767	3,479	2,636	3,582
Receivables	9,419	13,851	18,024	21,405
Inventory	—	—	—	—
Other	—	—	—	—
	12,186	17,330	20,660	24,987

	2023	2024	2025	Q'26
Payables	12,232	14,260	17,186	17,614
ST’ Debt	—	—	—	—
Other	55,881	67,162	76,917	81,855
	68,113	81,422	94,103	99,469

Compound Annual Growth %

	10y	5y	3y
Sales	8.04%	6.03%	7.69%
Cash Flow	19.88%	29.86%	10.20%
Earnings	1.34%	(15.85%)	(22.51%)
Book Value	3.14%	1.35%	10.95%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,226	4,051	—	—	—
’25	2,729	3,635	4,030	4,051	14,445
’24	3,299	3,158	3,603	3,621	13,681
’23	2,474	3,068	2,778	3,432	11,752
’22	3,167	2,635	3,206	2,557	11,565
’21	3,100	3,854	3,892	4,809	15,655
’20	1,612	2,420	2,976	3,770	10,778

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	875	1,871	—	—	—
’25	1,115	1,896	1,311	1,506	5,828
’24	1,591	1,363	2,366	1,495	6,815
’23	1,418	1,721	1,076	2,263	6,478
’22	667	828	1,482	1,378	4,355
’21	665	851	1,084	1,490	4,090
’20	105	448	412	613	1,578

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	848	1,835	—	—	—
’25	1,078	1,858	1,273	1,472	5,681
’24	1,556	1,322	2,326	1,465	6,669
’23	1,384	1,686	1,044	2,232	6,346
’22	629	794	1,455	1,339	4,217
’21	643	822	1,042	1,452	3,959
’20	86	428	385	569	1,468

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.90	1.08	—	—	—
’25	0.29	0.98	1.28	(0.43)	2.21
’24	0.88	1.08	0.94	1.59	4.48
’23	(0.21)	0.78	1.51	(0.24)	1.84
’22	1.35	1.88	1.01	0.24	3.95
’21	2.01	1.85	2.48	3.09	8.14
’20	(0.21)	1.07	1.24	2.63	4.81

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	18.91	22.42	27.35	28.51	17.62	33.12	32.00	30.70	45.18	48.80	Analyst estimates 2026–2028 Powerpack
	High	25.78	37.78	39.43	44.88	45.69	49.14	52.33	49.64	62.52	64.34
People
People	Employees	55,219	24,367	23,436	25,063	27,058	28,000	21,759	1,200	23,533	24,535
	Revenue/emp, $m	0.13	0.31	0.32	0.34	0.40	0.56	0.53	9.79	0.58	0.59
Income, $m
Income, $m	Revenue	7,257	7,663	7,594	8,469	10,778	15,655	11,565	11,752	13,681	14,445
	Gross margin, %	72.47	72.74	72.89	73.34	66.46	63.25	63.77	52.68	55.57	55.13
	EBT	955	864	750	1,369	1,784	3,558	1,730	693	1,742	1,397
	EBT margin, %	13.16	11.27	9.88	16.16	16.55	22.73	14.96	5.90	12.73	9.67
	Net income	692	794	635	1,076	1,452	2,817	1,306	518	1,391	679
	Depreciation	431	389	182	178	296	432	491	593	739	844
Per share, $
Per share, $	Revenue	20.64	21.99	26.82	29.92	36.60	52.97	40.55	43.53	50.48	53.30
	Earnings	2.31	2.35	2.22	3.75	4.84	8.20	3.98	1.84	4.52	2.22
	Cash flow	3.31	2.12	3.33	3.96	5.36	13.84	15.27	23.99	25.15	21.51
	Capex	(0.81)	(0.42)	(0.22)	(0.32)	(0.37)	(0.44)	(0.48)	(0.49)	(0.54)	(0.54)
	Free cash flow	2.50	1.70	3.11	3.63	4.98	13.40	14.79	23.50	24.61	20.96
	Book value	19.62	12.82	16.35	18.95	28.50	32.00	23.04	27.63	31.48	33.11
	Shares, m	352	348	283	283	295	296	285	270	271	271
Valuation, ×
Valuation, ×	P/E	9.89	15.16	13.14	11.24	7.61	5.10	8.09	25.82	12.00	25.68
	P/S	1.10	1.62	1.09	1.41	0.99	0.91	0.90	1.10	1.07	1.02
	P/B	1.16	2.78	1.78	2.22	1.27	1.51	1.58	1.73	1.72	1.65
	EV/Sales	1.09	1.58	1.03	1.34	0.99	0.83	0.98	1.19	1.13	1.15
	EV/FCF	9.03	20.40	8.89	11.05	7.23	3.29	2.69	2.21	2.33	2.91
Cash, $m
Cash, $m	Operating cash flow	1,162	737	943	1,121	1,578	4,090	4,355	6,478	6,815	5,828
	Capex	(284)	(145)	(62)	(92)	(110)	(131)	(138)	(132)	(146)	(147)
	Free cash flow	878	592	881	1,029	1,468	3,959	4,217	6,346	6,669	5,681
Balance, $m
Balance, $m	Working capital	(1,049)	(1,018)	(877)	(881)	(31,192)	(37,857)	(45,814)	(55,927)	(64,092)	(73,443)
	Total debt	987	759	836	838	2,662	3,096	3,238	3,887	4,321	4,400
	Net debt	(62)	(351)	(421)	(538)	(57)	(1,264)	952	1,120	842	1,764
	Shareholders’ equity	6,898	4,467	4,628	5,365	8,392	9,457	6,569	7,460	8,532	8,972
Returns, %
Returns, %	ROA	4.57	6.51	6.81	10.63	4.67	5.03	2.06	0.71	1.44	0.59
	ROIC	8.73	13.12	11.14	17.73	13.38	27.14	14.38	5.05	11.61	8.13
	ROE	9.64	13.57	13.81	21.25	20.75	31.34	16.15	7.37	15.88	6.88

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FNF Fidelity National Financial, Inc.	$10.6B	14.1×	8.8×	+11.44% (above 0%: growing)	+9.80% (above 0%: growing)	−1.24% (below 0%: shrinking)	53.15%	9.85%
RYAN Ryan Specialty Holdings Inc.	$10.2B	52.9×	37.4×	+7.19% (above 0%: growing)	−19.51% (below 0%: shrinking)	−17.82% (below 0%: shrinking)	100.00%	19.67%	Compare
AXS Axis Capital Holdings Limited	$7.2B	7.0×	7.4×	+7.35% (above 0%: growing)	+24.00% (above 0%: growing)	+137.05% (above 0%: growing)	28.72%	19.18%	Compare
FAF First American Financial Corporation	$6.5B	9.0×	9.9×	+14.99% (above 0%: growing)	+51.06% (above 0%: growing)	+2.71% (above 0%: growing)	100.00%	16.60%	Compare
ACT Enact Holdings, Inc.	$6.3B	9.7×	8.8×	+4.07% (above 0%: growing)	+11.61% (above 0%: growing)	−0.84% (below 0%: shrinking)	73.93%	73.26%	Compare
ESNT Essent Group Ltd.	$5.7B	8.9×	8.0×	+13.64% (above 0%: growing)	+7.18% (above 0%: growing)	+3.88% (above 0%: growing)	65.75%	65.75%	Compare
MTG MGIC Investment Corporation	$5.7B	8.7×	8.3×	−2.91% (below 0%: shrinking)	+6.17% (above 0%: growing)	+0.83% (above 0%: growing)	81.29%	80.85%	Compare
RDN Radian Group Inc.	$4.5B	8.7×	7.8×	+92.58% (above 0%: growing)	−17.48% (below 0%: shrinking)	+147.96% (above 0%: growing)	50.35%	30.09%	Compare
AGO Assured Guaranty Ltd.	$3.1B	9.5×	11.8×	−30.60% (below 0%: shrinking)	−57.89% (below 0%: shrinking)	−48.72% (below 0%: shrinking)	97.95%	42.05%	Compare
Median of peers	$6.0B	9.0×	8.6×	+7.27%	+6.68%	+1.77%	77.61%	36.07%

All 17 Insurance Specialty stocks →

Fidelity National Financial, Inc. (FNF) key facts

Strength: Fidelity National Financial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.4 billion, up 5.58% from fiscal 2024.
Fidelity National Financial, Inc. (FNF) is an Insurance Specialty company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, FNF traded at $40.05, a market capitalization of $10.6 billion.
Fidelity National Financial, Inc. pays an annual dividend of $2.06 per share, a yield of 5.15%, with a payout ratio of 72.8%.
Return on equity was 6.88% and debt-to-equity 0.50.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.