First American Financial (FAF) Cost of Revenue (2009 - 2026)

First American Financial (FAF) reported Cost of Revenue of $602.2 million for Q1 2026, up 116.39% on a YoY basis from $278.3 million in Q1 2025, and down 5.15% quarter-over-quarter from $634.9 million in Q4 2025.

First American Financial (FAF) Cost of Revenue (2009 - 2026) Analysis & Trends

First American Financial has reported Cost of Revenue for 18 years, with the latest figure at $602.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 116.39% year-over-year to $602.2 million; the trailing twelve-month figure through Mar 2026 stood at $2.1 billion (up 58.06% YoY), and the FY2025 full-year result was $2.4 billion, up 113.22% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $602.2 million, down from $634.9 million in the prior quarter.
  • The five-year high for Cost of Revenue was $1.1 billion in Q4 2023, with the low at $258.5 million in Q1 2023.
  • Historically, Cost of Revenue has averaged $457.4 million across 5 years, with a median of $309.2 million in 2025.
  • Annual changes were most pronounced in 2023 — Cost of Revenue soared 310.52% — and 2024, when it slumped 74.66%.
  • First American Financial's Cost of Revenue stood at $279.5 million in 2022, then surged by 310.52% to $1.1 billion in 2023, then tumbled by 74.66% to $290.8 million in 2024, then surged by 118.33% to $634.9 million in 2025, then fell by 5.15% to $602.2 million in 2026.
  • The last three Cost of Revenue figures came in at $602.2 million (Q1 2026), $634.9 million (Q4 2025), and $309.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Fidelity National Financial 12.87 Bn 10.21 Bn 2.62 Bn 608.00 Mn
2 Axis Capital Holdings 7.52 Bn 6.65 Bn - -
3 First American Financial 6.80 Bn 3.91 Bn 1.24 Bn 602.20 Mn
4 Enact Holdings 6.01 Bn 5.46 Bn 205.74 Mn 37.16 Mn
5 Mgic Investment 5.57 Bn 5.32 Bn 202.12 Mn 33.24 Mn
6 Essent 5.47 Bn 5.47 Bn - -
7 Radian 4.74 Bn 4.66 Bn 368.17 Mn 98.17 Mn
8 Ryan Specialty Holdings 4.62 Bn 5.05 Bn - -
9 Assured Guaranty 3.42 Bn -495.48 Mn 216.00 Mn 45.00 Mn
10 NMI Holdings 2.82 Bn 2.75 Bn 152.85 Mn 30.62 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 602.20 Mn
Mar 31, 2026 602.20 Mn
Dec 31, 2025 634.90 Mn
Dec 31, 2025 634.90 Mn
Sep 30, 2025 309.20 Mn
Sep 30, 2025 309.20 Mn
Jun 30, 2025 573.50 Mn
Jun 30, 2025 573.50 Mn
Mar 31, 2025 278.30 Mn
Mar 31, 2025 278.30 Mn
Dec 31, 2024 290.80 Mn
Dec 31, 2024 290.80 Mn
Sep 30, 2024 279.80 Mn
Sep 30, 2024 279.80 Mn
Jun 30, 2024 492.20 Mn
Jun 30, 2024 492.20 Mn
Mar 31, 2024 265.80 Mn
Mar 31, 2024 265.80 Mn
Dec 31, 2023 1.15 Bn
Dec 31, 2023 1.15 Bn