Fidelity National Financial (FNF) Gross Margin (2009 - 2026)
Fidelity National Financial (FNF) posted quarterly Gross Margin of 98.08% for Q1 2026, up 6.0% year-over-year from 92.53% in Q1 2025, and up 9.27% quarter-over-quarter from 89.76% in Q4 2025.
Fidelity National Financial (FNF) Gross Margin (2009 - 2026) Analysis & Trends
Fidelity National Financial's Gross Margin history runs 18 years deep, the most recent figure standing at 98.08% for Q1 2026.
- In Q1 2026, Gross Margin rose 6.0% year-over-year to 98.08%; the TTM figure through Mar 2026 stood at 93.56% (down 963.0% YoY), while the FY2025 annual figure was 88.82%, down 948.0% from the prior year.
- Gross Margin for Q1 2026 stood at 98.08%, up from 89.76% in the prior quarter.
- The five-year high for Gross Margin was 125.41% in Q4 2024, with the low at 60.26% in Q4 2023.
- The 5-year median for Gross Margin is 88.56% (2025), against an average of 91.38%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 6515 bps in 2024, then plunged 3565 bps in 2025.
- Fidelity National Financial's Gross Margin stood at 84.67% in 2022, then slipped by 29 bps to 60.26% in 2023, then surged by 108 bps to 125.41% in 2024, then declined by 28 bps to 89.76% in 2025, then advanced by 9 bps to 98.08% in 2026.
- Business Quant data shows FNF's Gross Margin at 98.08% in Q1 2026, 89.76% in Q4 2025, and 98.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 88.64% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 83.37% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 46.77% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 89.52% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 96.28% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 86.50% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | - |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 66.09% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 83.77% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 80.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 88.64% |
| Mar 31, 2026 | 98.08% |
| Dec 31, 2025 | 89.76% |
| Sep 30, 2025 | 98.26% |
| Jun 30, 2025 | 88.56% |
| Mar 31, 2025 | 98.02% |
| Dec 31, 2024 | 125.41% |
| Sep 30, 2024 | 98.31% |
| Jun 30, 2024 | 87.75% |
| Mar 31, 2024 | 98.61% |
| Dec 31, 2023 | 60.26% |
| Sep 30, 2023 | 97.95% |
| Jun 30, 2023 | 87.16% |
| Mar 31, 2023 | 85.45% |
| Dec 31, 2022 | 84.67% |
| Sep 30, 2022 | 86.59% |
| Jun 30, 2022 | 82.66% |
| Mar 31, 2022 | 86.04% |
| Dec 31, 2021 | 89.67% |
| Sep 30, 2021 | 87.20% |