Fidelity National Financial (FNF) Cost of Revenue (2009 - 2026)
Fidelity National Financial (FNF) posted quarterly Cost of Revenue of $62.0 million for Q1 2026, up 14.81% year-over-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.
- In Q1 2026, Cost of Revenue rose 14.81% year-over-year to $62.0 million; the TTM figure through Mar 2026 stood at $963.0 million (up 330.38% YoY), while the FY2025 annual figure was $1.6 billion, up 596.12% from the prior year.
- Cost of Revenue for Q1 2026 stood at $62.0 million, down from $415.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $1.4 billion in Q4 2023, with the low 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.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 247.96% in 2023, then plunged 167.45% in 2024.
- Fidelity National Financial's Cost of Revenue stood at $392.0 million in 2022, then surged by 247.96% to $1.4 billion in 2023, then slumped by 167.45% to -$920.0 million in 2024, then soared by 145.11% to $415.0 million in 2025, then tumbled by 85.06% to $62.0 million in 2026.
- Business Quant data shows FNF's Cost of Revenue at $62.0 million in Q1 2026, $415.0 million in Q4 2025, and $70.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.65 Bn | 8.08 Bn | 3.59 Bn | 460.00 Mn |
| 2 | First American Financial | 7.36 Bn | 4.25 Bn | 1.77 Bn | 352.10 Mn |
| 3 | Axis Capital Holdings | 7.25 Bn | 6.47 Bn | 819.78 Mn | 933.13 Mn |
| 4 | Enact Holdings | 6.85 Bn | 6.36 Bn | 284.04 Mn | 33.26 Mn |
| 5 | Mgic Investment | 6.47 Bn | 6.25 Bn | 284.40 Mn | 10.99 Mn |
| 6 | Essent | 6.18 Bn | 6.18 Bn | 313.73 Mn | 48.96 Mn |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | - |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 194.95 Mn |
| 9 | NMI Holdings | 3.42 Bn | 3.35 Bn | 157.40 Mn | 30.49 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -506.61 Mn | 156.00 Mn | 39.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 460.00 Mn |
| Jun 30, 2026 | 460.00 Mn |
| 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 |