First American Financial (FAF) Cost of Revenue (2009 - 2026)
First American Financial's (FAF) quarterly Cost of Revenue came in at $352.1 million in Q2 2026, up 13.8% YoY from $309.4 million in Q2 2025, and up 13.43% on a QoQ basis from $310.4 million in Q1 2026.
First American Financial (FAF) Cost of Revenue (2009 - 2026) Analysis & Trends
First American Financial (FAF) has 18 years of Cost of Revenue data on file, last reported at $352.1 million in Q2 2026.
- Quarterly Cost of Revenue rose 13.8% year-over-year to $352.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.3 billion (up 10.97% YoY) and the FY2025 annual result came in at $1.2 billion, up 8.73% from the prior year.
- Cost of Revenue rose to $352.1 million in Q2 2026, from $310.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $352.1 million in Q2 2026 to a low of $258.5 million in Q1 2023.
- A 5-year average of $295.9 million and a median of $285.3 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue gained 13.99% — and 2023, when it fell 23.38%.
- Tracing FAF's Cost of Revenue over 5 years: stood at $279.5 million in 2022, then fell by 6.19% to $262.2 million in 2023, then grew by 10.91% to $290.8 million in 2024, then gained by 7.87% to $313.7 million in 2025, then rose by 12.24% to $352.1 million in 2026.
- The last three Cost of Revenue figures came in at $352.1 million (Q2 2026), $310.4 million (Q1 2026), and $313.7 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.65 Bn | 8.08 Bn | 3.59 Bn | 460.00 Mn |
| 2 | First American Financial | 7.36 Bn | 4.25 Bn | 1.77 Bn | 352.10 Mn |
| 3 | Axis Capital Holdings | 7.25 Bn | 6.47 Bn | 819.78 Mn | 933.13 Mn |
| 4 | Enact Holdings | 6.85 Bn | 6.36 Bn | 284.04 Mn | 33.26 Mn |
| 5 | Mgic Investment | 6.47 Bn | 6.25 Bn | 284.40 Mn | 10.99 Mn |
| 6 | Essent | 6.18 Bn | 6.18 Bn | 313.73 Mn | 48.96 Mn |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | - |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 194.95 Mn |
| 9 | NMI Holdings | 3.42 Bn | 3.35 Bn | 157.40 Mn | 30.49 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -506.61 Mn | 156.00 Mn | 39.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 352.10 Mn |
| Jun 30, 2026 | 352.10 Mn |
| Mar 31, 2026 | 310.40 Mn |
| Mar 31, 2026 | 310.40 Mn |
| Dec 31, 2025 | 313.70 Mn |
| Dec 31, 2025 | 313.70 Mn |
| Sep 30, 2025 | 309.20 Mn |
| Sep 30, 2025 | 309.20 Mn |
| Jun 30, 2025 | 309.40 Mn |
| Jun 30, 2025 | 309.40 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 | 277.00 Mn |
| Jun 30, 2024 | 277.00 Mn |
| Mar 31, 2024 | 265.80 Mn |
| Mar 31, 2024 | 265.80 Mn |