Fidelity National Financial (FNF) Gross Margin (2009 - 2026)
Fidelity National Financial (FNF) recorded quarterly Gross Margin of 81.15% in Q1 2026, down 41.93% quarter-over-quarter from 139.74% in Q4 2025, and up 50.0% on a YoY basis from 54.1% in Q1 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 81.15% for Q1 2026.
- In Q1 2026, Gross Margin rose 50.0% year-over-year to 81.15%; the TTM figure through Mar 2026 stood at 105.8% (up 3365.0% YoY), while the FY2025 annual figure was 98.19%, up 1490.0% from the prior year.
- Gross Margin was 81.15% for Q1 2026 at Fidelity National Financial, down from 139.74% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 139.74% in Q4 2025 to a low of 41.48% in Q4 2024.
- Historically, Gross Margin has averaged 90.24% across 5 years, with a median of 83.02% in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 9719 bps in 2024, then soared 9826 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 131.29% in 2022, then grew by 6 bps to 138.67% in 2023, then plunged by 70 bps to 41.48% in 2024, then jumped by 237 bps to 139.74% in 2025, then tumbled by 42 bps to 81.15% in 2026.
- The last three Gross Margin figures came in at 81.15% (Q1 2026), 139.74% (Q4 2025), and 98.26% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 81.15% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | - |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 67.24% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 84.70% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 85.88% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | - |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 78.95% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | - |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 82.76% |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 83.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 81.15% |
| Dec 31, 2025 | 139.74% |
| Sep 30, 2025 | 98.26% |
| Jun 30, 2025 | 98.18% |
| Mar 31, 2025 | 80.65% |
| Dec 31, 2024 | 41.48% |
| Sep 30, 2024 | 89.01% |
| Jun 30, 2024 | 80.72% |
| Mar 31, 2024 | 88.81% |
| Dec 31, 2023 | 138.67% |
| Sep 30, 2023 | 86.32% |
| Jun 30, 2023 | 82.07% |
| Mar 31, 2023 | 83.02% |
| Dec 31, 2022 | 131.29% |
| Sep 30, 2022 | 76.70% |
| Jun 30, 2022 | 64.71% |
| Mar 31, 2022 | 73.35% |
| Dec 31, 2021 | 117.84% |
| Sep 30, 2021 | 87.20% |
| Jun 30, 2021 | 87.65% |