First American Financial (FAF) Operating Margin (2009 - 2026)
First American Financial (FAF) posted quarterly Operating Margin of 8.68% for Q2 2026, down 2.0% year-on-year from 8.85% in Q2 2025, and up 4.64% on a QoQ basis from 8.29% in Q1 2026.
First American Financial (FAF) Operating Margin (2009 - 2026) Analysis & Trends
First American Financial (FAF) has reported Operating Margin for 18 consecutive years, with 8.68% the latest figure, recorded in Q2 2026.
- Quarterly Operating Margin fell 2.0% year-over-year to 8.68% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 8.29% (down 90.0% YoY) and the FY2025 annual result came in at 8.33%, down 82.0% from the prior year.
- Operating Margin climbed to 8.68% in Q2 2026 per FAF's latest filing, from 8.29% in the prior quarter.
- Over the last five years, Operating Margin for FAF reached as high as 10.43% in Q3 2024 and fell as low as 2.27% in Q1 2022.
- A 5-year average of 7.99% and a median of 8.61% in 2026 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin soared 699 bps — and 2025, when it slumped 215 bps.
- Year by year, Operating Margin stood at 8.36% in 2022, then climbed by 23 bps to 10.26% in 2023, then dropped by 9 bps to 9.29% in 2024, then dropped by 15 bps to 7.89% in 2025, then advanced by 10 bps to 8.68% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 8.68%, 8.29%, and 7.89% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 25.48% |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | -48.79% |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 8.68% |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 29.20% |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 20.78% |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 22.78% |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 17.32% |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 112.20% |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 18.48% |
| 10 | Employers Holdings | 957.12 Mn | 620.72 Mn | 51.80 Mn | 15.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.68% |
| Mar 31, 2026 | 8.29% |
| Dec 31, 2025 | 7.89% |
| Sep 30, 2025 | 8.28% |
| Jun 30, 2025 | 8.70% |
| Mar 31, 2025 | 8.54% |
| Dec 31, 2024 | 9.29% |
| Sep 30, 2024 | 10.43% |
| Jun 30, 2024 | 8.06% |
| Mar 31, 2024 | 8.98% |
| Dec 31, 2023 | 10.26% |
| Sep 30, 2023 | 9.39% |
| Jun 30, 2023 | 9.13% |
| Mar 31, 2023 | 9.27% |
| Dec 31, 2022 | 8.36% |
| Sep 30, 2022 | 5.51% |
| Jun 30, 2022 | 2.54% |
| Mar 31, 2022 | 2.27% |
| Dec 31, 2021 | 2.48% |
| Sep 30, 2021 | 2.00% |