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| Date | Value |
|---|---|
| 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 |