Fidelity National Financial (FNF) Operating Expenses (2009 - 2026)

Fidelity National Financial's (FNF) quarterly Operating Expenses came in at $2.7 billion in Q1 2026, up 4.2% year-on-year from $2.6 billion in Q1 2025, and down 24.22% quarter-over-quarter from $3.6 billion in Q4 2025.

Fidelity National Financial (FNF) Operating Expenses (2009 - 2026) Analysis & Trends

Fidelity National Financial's Operating Expenses history runs 18 years deep, the most recent figure standing at $2.7 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 4.2% year-over-year to $2.7 billion in Q1 2026; TTM through Mar 2026 was $13.2 billion, a 13.54% increase from a year earlier, with the FY2025 full-year figure at $13.0 billion, up 9.29% from the prior year.
  • Operating Expenses fell to $2.7 billion in Q1 2026 per FNF's latest filing, from $3.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.6 billion in Q4 2023 and bottomed at $1.9 billion in Q2 2022.
  • The 5-year median for Operating Expenses is $2.7 billion (2026), against an average of $2.9 billion.
  • Across the five-year window, Operating Expenses slumped 39.38% in 2022 and surged 51.26% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $2.6 billion in 2022, then jumped by 37.56% to $3.6 billion in 2023, then dropped by 17.19% to $3.0 billion in 2024, then rose by 20.76% to $3.6 billion in 2025, then declined by 24.22% to $2.7 billion in 2026.
  • Per Business Quant, the three latest FNF Operating Expenses figures stand at $2.7 billion (Q1 2026), $3.6 billion (Q4 2025), and $3.6 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Fidelity National Financial 13.08 Bn 10.42 Bn 3.16 Bn 2.73 Bn
2 Axis Capital Holdings 8.50 Bn 7.97 Bn 613.18 Mn 1.34 Bn
3 First American Financial 7.10 Bn 4.22 Bn 1.77 Bn 1.83 Bn
4 Enact Holdings 6.51 Bn 5.96 Bn 205.69 Mn 98.69 Mn
5 Mgic Investment 6.26 Bn 6.23 Bn 263.84 Mn 90.25 Mn
6 Essent 6.05 Bn 6.05 Bn 211.88 Mn 129.35 Mn
7 Radian 5.96 Bn 5.91 Bn 304.36 Mn 2.23 Mn
8 Assured Guaranty 3.78 Bn 3.28 Bn 65.00 Mn 227.00 Mn
9 NMI Holdings 3.17 Bn 3.10 Bn 134.15 Mn 58.53 Mn
10 Employers Holdings 957.12 Mn 620.72 Mn 51.80 Mn 194.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.73 Bn
Dec 31, 2025 3.60 Bn
Sep 30, 2025 3.58 Bn
Jun 30, 2025 3.25 Bn
Mar 31, 2025 2.62 Bn
Dec 31, 2024 2.98 Bn
Sep 30, 2024 3.29 Bn
Jun 30, 2024 2.70 Bn
Mar 31, 2024 2.97 Bn
Dec 31, 2023 3.60 Bn
Sep 30, 2023 2.18 Bn
Jun 30, 2023 2.74 Bn
Mar 31, 2023 2.55 Bn
Dec 31, 2022 2.62 Bn
Sep 30, 2022 2.70 Bn
Jun 30, 2022 1.90 Bn
Mar 31, 2022 2.61 Bn
Dec 31, 2021 3.65 Bn
Sep 30, 2021 2.97 Bn
Jun 30, 2021 3.14 Bn