Fidelity National Financial (FNF) Cost of Revenue (2009 - 2026)
Fidelity National Financial's Cost of Revenue came in at $78 million for Q2 2026, up 18.2% from $66 million a year earlier and up 25.8% from the prior quarter.
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Analysis
Fidelity National Financial (FNF) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Fidelity National Financial reported Cost of Revenue of $282 million, up 15.1% year-over-year; for FY2025, it was $262 million, up 12.9% from FY2024.
- Cost of Revenue carries a four-year compound annual growth rate of -39.3% (FY2021 to FY2025).
- Going back by year, Cost of Revenue was $232 million in FY2024 (+12.1%), $207 million in FY2023 (-32.8%), $308 million in FY2022 (-84.1%) and $1.93 billion in FY2021.
- The Q2 2026 figure represents the highest quarterly Cost of Revenue since Q1 2023.
- Year-over-year, Cost of Revenue has increased for nine consecutive quarters, with growth averaging 15.1% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q4 2024 (growth of 28.0%), and the weakest in Q1 2024 (a decline of 94.3%).
- Business Quant data shows FNF's Cost of Revenue at $62 million (Q1 2026), $72 million (Q4 2025) and $70 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.21 Bn | -334.26 Bn | 55.86 Bn | 45.95 Bn |
| 2 | Chubb | 127.58 Bn | 79.64 Bn | 9.13 Bn | 6.69 Bn |
| 3 | Progressive | 122.25 Bn | 98.08 Bn | 9.04 Bn | 14.57 Bn |
| 4 | Marsh & Mclennan Companies | 81.29 Bn | 73.03 Bn | - | - |
| 5 | Travelers Companies | 75.19 Bn | 51.44 Bn | 6.23 Bn | 5.92 Bn |
| 6 | Manulife Financial | 73.16 Bn | 74.37 Bn | - | - |
| 7 | Metlife | 60.22 Bn | -46.26 Bn | 7.82 Bn | 11.34 Bn |
| 8 | Arthur J. Gallagher | 57.98 Bn | 52.41 Bn | - | - |
| 9 | Aon | 57.16 Bn | 50.40 Bn | - | - |
| 10 | Fidelity National Financial | 10.52 Bn | -6.53 Bn | 3.97 Bn | 78.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.00 Mn |
| Mar 31, 2026 | 62.00 Mn |
| Dec 31, 2025 | 72.00 Mn |
| Sep 30, 2025 | 70.00 Mn |
| Jun 30, 2025 | 66.00 Mn |
| Mar 31, 2025 | 54.00 Mn |
| Dec 31, 2024 | 64.00 Mn |
| Sep 30, 2024 | 61.00 Mn |
| Jun 30, 2024 | 61.00 Mn |
| Mar 31, 2024 | 46.00 Mn |
| Dec 31, 2023 | 50.00 Mn |
| Sep 30, 2023 | 57.00 Mn |
| Jun 30, 2023 | 56.00 Mn |
| Mar 31, 2023 | 812.00 Mn |
| Dec 31, 2022 | -88.00 Mn |
| Sep 30, 2022 | 570.00 Mn |
| Jun 30, 2022 | 377.00 Mn |
| Mar 31, 2020 | 58.00 Mn |
| Dec 31, 2019 | 66.00 Mn |
| Sep 30, 2019 | 67.00 Mn |
API Access
Fidelity National Financial Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FNF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FNF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FNF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();