First American Financial (FAF) Gross Margin (2009 - 2026)
First American Financial's (FAF) quarterly Gross Margin came in at 83.37% in Q2 2026, up 17.0% YoY 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 18 years of Gross Margin data on file, last reported at 83.37% 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 steadied at 83.37% in Q2 2026, from 83.11% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 84.7% in Q4 2025 to a low of 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 plunged 412 bps — and 2025, when it surged 427 bps.
- Tracing FAF's Gross Margin over 5 years: stood at 83.41% in 2022, then fell by 2 bps to 81.66% in 2023, then advanced by 1 bps to 82.74% in 2024, then gained by 2 bps to 84.7% in 2025, then declined by 2 bps to 83.37% in 2026.
- The last three Gross Margin figures came in at 83.37% (Q2 2026), 83.11% (Q1 2026), and 84.7% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 88.64% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 83.37% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 46.77% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 89.52% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 96.28% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 86.50% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | - |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 66.09% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 83.77% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 80.00% |
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% |