First American Financial (FAF) Operating Expenses (2009 - 2026)
First American Financial (FAF) posted quarterly Operating Expenses of $1.8 billion for Q2 2026, up 11.38% year-on-year from $1.6 billion in Q2 2025, and up 9.38% on a QoQ basis from $1.7 billion in Q1 2026.
First American Financial (FAF) Operating Expenses (2009 - 2026) Analysis & Trends
First American Financial (FAF) has reported Operating Expenses for 18 consecutive years, with $1.8 billion the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses rose 11.38% year-over-year to $1.8 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $7.0 billion (up 11.75% YoY) and the FY2025 annual result came in at $6.6 billion, up 11.12% from the prior year.
- Operating Expenses grew to $1.8 billion in Q2 2026 per FAF's latest filing, from $1.7 billion in the prior quarter.
- Over the last five years, Operating Expenses for FAF reached as high as $1.9 billion in Q2 2022 and fell as low as $1.4 billion in Q1 2024.
- A 5-year average of $1.6 billion and a median of $1.6 billion in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses retreated 27.18% — and 2024, when it grew 13.97%.
- Year by year, Operating Expenses stood at $1.6 billion in 2022, then fell by 14.51% to $1.4 billion in 2023, then climbed by 13.97% to $1.6 billion in 2024, then increased by 11.17% to $1.8 billion in 2025, then gained by 4.03% to $1.8 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.8 billion, $1.7 billion, and $1.8 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 2.73 Bn |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 1.34 Bn |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 1.83 Bn |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 98.69 Mn |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 90.25 Mn |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 129.35 Mn |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 2.23 Mn |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 227.00 Mn |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 58.53 Mn |
| 10 | Employers Holdings | 957.12 Mn | 620.72 Mn | 51.80 Mn | 194.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.83 Bn |
| Mar 31, 2026 | 1.68 Bn |
| Dec 31, 2025 | 1.76 Bn |
| Sep 30, 2025 | 1.73 Bn |
| Jun 30, 2025 | 1.65 Bn |
| Mar 31, 2025 | 1.49 Bn |
| Dec 31, 2024 | 1.59 Bn |
| Sep 30, 2024 | 1.55 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | 1.37 Bn |
| Dec 31, 2023 | 1.39 Bn |
| Sep 30, 2023 | 1.48 Bn |
| Jun 30, 2023 | 1.47 Bn |
| Mar 31, 2023 | 1.39 Bn |
| Dec 31, 2022 | 1.63 Bn |
| Sep 30, 2022 | 1.83 Bn |
| Jun 30, 2022 | 1.92 Bn |
| Mar 31, 2022 | 1.90 Bn |
| Dec 31, 2021 | 2.04 Bn |
| Sep 30, 2021 | 1.95 Bn |