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| Date | Value |
|---|---|
| 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 |