Fidelity National Financial (FNF) Cost of Revenue (2009 - 2026)
Fidelity National Financial's (FNF) quarterly Cost of Revenue came in at $62.0 million in Q1 2026, up 14.81% year-on-year from $54.0 million in Q1 2025, and down 85.06% quarter-over-quarter from $415.0 million in Q4 2025.
Fidelity National Financial (FNF) Cost of Revenue (2009 - 2026) Analysis & Trends
Fidelity National Financial's Cost of Revenue history runs 18 years deep, the most recent figure standing at $62.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 14.81% year-over-year to $62.0 million in Q1 2026; TTM through Mar 2026 was $963.0 million, a 330.38% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, up 596.12% from the prior year.
- Cost of Revenue fell to $62.0 million in Q1 2026 per FNF's latest filing, from $415.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.4 billion in Q4 2023 and bottomed at -$920.0 million in Q4 2024.
- The 5-year median for Cost of Revenue is $387.0 million (2024), against an average of $263.9 million.
- Across the five-year window, Cost of Revenue jumped 247.96% in 2023 and sank 167.45% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $392.0 million in 2022, then soared by 247.96% to $1.4 billion in 2023, then sank by 167.45% to -$920.0 million in 2024, then jumped by 145.11% to $415.0 million in 2025, then slumped by 85.06% to $62.0 million in 2026.
- Per Business Quant, the three latest FNF Cost of Revenue figures stand at $62.0 million (Q1 2026), $415.0 million (Q4 2025), and $70.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 14.00 Bn | 9.88 Bn | 3.16 Bn | 62.00 Mn |
| 2 | Axis Capital Holdings | 8.67 Bn | 8.14 Bn | 613.18 Mn | 867.28 Mn |
| 3 | First American Financial | 7.85 Bn | 4.73 Bn | 1.77 Bn | 352.10 Mn |
| 4 | Enact Holdings | 6.68 Bn | 6.13 Bn | 205.69 Mn | 37.16 Mn |
| 5 | Mgic Investment | 6.51 Bn | 6.48 Bn | 263.84 Mn | 33.24 Mn |
| 6 | Essent | 6.24 Bn | 6.24 Bn | 211.88 Mn | 48.22 Mn |
| 7 | Radian | 5.36 Bn | 5.30 Bn | 304.36 Mn | 98.17 Mn |
| 8 | Assured Guaranty | 3.83 Bn | 3.31 Bn | 65.00 Mn | 17.00 Mn |
| 9 | NMI Holdings | 3.29 Bn | 3.22 Bn | 134.15 Mn | 20.66 Mn |
| 10 | Employers Holdings | 962.93 Mn | 626.53 Mn | 51.80 Mn | 129.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.00 Mn |
| Mar 31, 2026 | 62.00 Mn |
| Dec 31, 2025 | 415.00 Mn |
| Dec 31, 2025 | 415.00 Mn |
| Sep 30, 2025 | 70.00 Mn |
| Sep 30, 2025 | 70.00 Mn |
| Jun 30, 2025 | 416.00 Mn |
| Jun 30, 2025 | 416.00 Mn |
| Mar 31, 2025 | 54.00 Mn |
| Mar 31, 2025 | 54.00 Mn |
| Dec 31, 2024 | -920.00 Mn |
| Dec 31, 2024 | -920.00 Mn |
| Sep 30, 2024 | 61.00 Mn |
| Sep 30, 2024 | 61.00 Mn |
| Jun 30, 2024 | 387.00 Mn |
| Jun 30, 2024 | 387.00 Mn |
| Mar 31, 2024 | 46.00 Mn |
| Mar 31, 2024 | 46.00 Mn |
| Dec 31, 2023 | 1.36 Bn |
| Dec 31, 2023 | 1.36 Bn |