First American Financial (FAF) Gross Margin (2009 - 2026)
First American Financial (FAF) posted quarterly Gross Margin of 83.37% for Q2 2026, up 17.0% year-on-year from 71.26% in Q2 2025, and little changed on a QoQ basis from 83.11% in Q1 2026.
First American Financial (FAF) Gross Margin (2009 - 2026) Analysis & Trends
First American Financial (FAF) has reported Gross Margin for 18 consecutive years, with 83.37% the latest figure, recorded in Q2 2026.
- Quarterly Gross Margin rose 17.0% year-over-year to 83.37% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 83.9% (up 168.0% YoY) and the FY2025 annual result came in at 83.76%, up 192.0% from the prior year.
- Gross Margin held at 83.37% in Q2 2026 per FAF's latest filing, from 83.11% in the prior quarter.
- Over the last five years, Gross Margin for FAF reached as high as 84.7% in Q4 2025 and fell as low as 80.1% in Q3 2024.
- A 5-year average of 82.78% and a median of 83.0% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 412 bps — and 2025, when it soared 427 bps.
- Year by year, Gross Margin stood at 83.41% in 2022, then slipped by 2 bps to 81.66% in 2023, then increased by 1 bps to 82.74% in 2024, then grew by 2 bps to 84.7% in 2025, then decreased by 2 bps to 83.37% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 83.37%, 83.11%, and 84.7% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 98.08% |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 41.42% |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 83.37% |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 84.70% |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 88.81% |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 81.46% |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 75.61% |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 79.27% |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 86.65% |
| 10 | Employers Holdings | 957.12 Mn | 620.72 Mn | 51.80 Mn | 28.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 83.37% |
| Mar 31, 2026 | 83.11% |
| Dec 31, 2025 | 84.70% |
| Sep 30, 2025 | 84.38% |
| Jun 30, 2025 | 83.20% |
| Mar 31, 2025 | 82.41% |
| Dec 31, 2024 | 82.74% |
| Sep 30, 2024 | 80.10% |
| Jun 30, 2024 | 82.82% |
| Mar 31, 2024 | 81.34% |
| Dec 31, 2023 | 81.66% |
| Sep 30, 2023 | 81.51% |
| Jun 30, 2023 | 83.45% |
| Mar 31, 2023 | 82.12% |
| Dec 31, 2022 | 83.41% |
| Sep 30, 2022 | 82.89% |
| Jun 30, 2022 | 83.36% |
| Mar 31, 2022 | 83.41% |
| Dec 31, 2021 | 84.66% |
| Sep 30, 2021 | 87.01% |