First American Financial (FAF) Operating Margin (2009 - 2026)
First American Financial's (FAF) quarterly Operating Margin came in at 8.68% in Q2 2026, down 2.0% YoY 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 18 years of Operating Margin data on file, last reported at 8.68% 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 rose to 8.68% in Q2 2026, from 8.29% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 10.43% in Q3 2024 to a low of 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 surged 699 bps — and 2025, when it tumbled 215 bps.
- Tracing FAF's Operating Margin over 5 years: stood at 8.36% in 2022, then rose by 23 bps to 10.26% in 2023, then retreated by 9 bps to 9.29% in 2024, then retreated by 15 bps to 7.89% in 2025, then increased by 10 bps to 8.68% in 2026.
- The last three Operating Margin figures came in at 8.68% (Q2 2026), 8.29% (Q1 2026), and 7.89% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.67 Bn | 8.11 Bn | 3.59 Bn | 20.02% |
| 2 | First American Financial | 7.38 Bn | 4.26 Bn | 1.77 Bn | 8.68% |
| 3 | Axis Capital Holdings | 7.30 Bn | 6.51 Bn | 819.78 Mn | -35.20% |
| 4 | Enact Holdings | 6.91 Bn | 6.41 Bn | 284.04 Mn | 23.07% |
| 5 | Mgic Investment | 6.51 Bn | 6.29 Bn | 284.40 Mn | 20.13% |
| 6 | Essent | 6.24 Bn | 6.24 Bn | 313.73 Mn | 16.99% |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | 19.67% |
| 8 | Radian | 4.97 Bn | 4.23 Bn | 380.01 Mn | 12.99% |
| 9 | NMI Holdings | 3.46 Bn | 3.39 Bn | 157.40 Mn | 16.14% |
| 10 | Assured Guaranty | 3.30 Bn | -491.99 Mn | 156.00 Mn | 50.26% |
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% |