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
DateValue
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