Fidelity National Financial (FNF) Cost of Revenue (2009 - 2026)

Fidelity National Financial (FNF) recorded quarterly Cost of Revenue of $608.0 million in Q1 2026, up 137.76% quarter-over-quarter from -$1.6 billion in Q4 2025, and up 15.15% on a YoY basis from $528.0 million in Q1 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 $608.0 million for Q1 2026.

  • In Q1 2026, Cost of Revenue rose 15.15% year-over-year to $608.0 million; the TTM figure through Mar 2026 stood at -$866.0 million (down 123.71% YoY), while the FY2025 annual figure was $262.0 million, down 88.54% from the prior year.
  • Cost of Revenue was $608.0 million for Q1 2026 at Fidelity National Financial, up from -$1.6 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.1 billion in Q4 2024 to a low of -$1.6 billion in Q4 2025.
  • Historically, Cost of Revenue has averaged $288.2 million across 5 years, with a median of $420.0 million in 2023.
  • The sharpest annual moves came in 2024 and 2025: Cost of Revenue surged 259.68% in 2024, then sank 175.98% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at -$800.0 million in 2022, then slumped by 65.88% to -$1.3 billion in 2023, then soared by 259.68% to $2.1 billion in 2024, then tumbled by 175.98% to -$1.6 billion in 2025, then soared by 137.76% to $608.0 million in 2026.
  • The last three Cost of Revenue figures came in at $608.0 million (Q1 2026), -$1.6 billion (Q4 2025), and $70.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Fidelity National Financial 12.87 Bn 10.21 Bn 2.62 Bn 608.00 Mn
2 Axis Capital Holdings 7.52 Bn 6.65 Bn - -
3 First American Financial 6.80 Bn 3.91 Bn 1.24 Bn 602.20 Mn
4 Enact Holdings 6.01 Bn 5.46 Bn 205.74 Mn 37.16 Mn
5 Mgic Investment 5.57 Bn 5.32 Bn 202.12 Mn 33.24 Mn
6 Essent 5.47 Bn 5.47 Bn - -
7 Radian 4.74 Bn 4.66 Bn 368.17 Mn 98.17 Mn
8 Ryan Specialty Holdings 4.62 Bn 5.05 Bn - -
9 Assured Guaranty 3.42 Bn -495.48 Mn 216.00 Mn 45.00 Mn
10 NMI Holdings 2.82 Bn 2.75 Bn 152.85 Mn 30.62 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 608.00 Mn
Mar 31, 2026 608.00 Mn
Dec 31, 2025 -1.61 Bn
Dec 31, 2025 -1.61 Bn
Sep 30, 2025 70.00 Mn
Sep 30, 2025 70.00 Mn
Jun 30, 2025 66.00 Mn
Jun 30, 2025 66.00 Mn
Mar 31, 2025 528.00 Mn
Mar 31, 2025 528.00 Mn
Dec 31, 2024 2.12 Bn
Dec 31, 2024 2.12 Bn
Sep 30, 2024 396.00 Mn
Sep 30, 2024 396.00 Mn
Jun 30, 2024 609.00 Mn
Jun 30, 2024 609.00 Mn
Mar 31, 2024 369.00 Mn
Mar 31, 2024 369.00 Mn
Dec 31, 2023 -1.33 Bn
Dec 31, 2023 -1.33 Bn