First American Financial (FAF) Operating Expenses (2009 - 2026)
First American Financial's (FAF) quarterly Operating Expenses came in at $1.8 billion in Q2 2026, up 11.38% YoY 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 18 years of Operating Expenses data on file, last reported at $1.8 billion 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 climbed to $1.8 billion in Q2 2026, from $1.7 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.9 billion in Q2 2022 to a low of $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 fell 27.18% — and 2024, when it climbed 13.97%.
- Tracing FAF's Operating Expenses over 5 years: stood at $1.6 billion in 2022, then slipped by 14.51% to $1.4 billion in 2023, then rose by 13.97% to $1.6 billion in 2024, then advanced by 11.17% to $1.8 billion in 2025, then grew by 4.03% to $1.8 billion in 2026.
- The last three Operating Expenses figures came in at $1.8 billion (Q2 2026), $1.7 billion (Q1 2026), and $1.8 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 3.71 Bn |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 1.83 Bn |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 1.44 Bn |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 97.34 Mn |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 65.46 Mn |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 132.37 Mn |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 736.33 Mn |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 424.24 Mn |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 50.95 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 135.00 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 |