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
DateValue
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