Fidelity National Financial, Inc. FNF

Financials SIC 6361 - Title Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers derived NYSE

The following describes the business of Fidelity National Financial, Inc. and its subsidiaries. Except where otherwise noted, all references to "we," "us," "our", the "Company" or "FNF" are to Fidelity National Financial, Inc. and its subsidiaries, taken together.

We are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and (ii) transaction services to the real estate and mortgage industries. FNF is one of the nation's largest title insurance companies operating through its title insurance underwriters - Fidelity National Title Insurance Company ("FNTIC"), Chicago Title Insurance Company ("Chicago Title"), Commonwealth Land Title Insurance Company ("Commonwealth Land Title"), Alamo Title Insurance ("Alamo Title") and National Title Insurance of New York Inc. ("National Title of New York") - which collectively issue more title insurance policies than any other title company in the United States. Through our subsidiary ServiceLink Holdings, LLC ("ServiceLink"), we provide mortgage transaction services including title-related services and facilitation of production and management of mortgage loans. We are also a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through our majority-owned subsidiary, F&G Annuities & Life, Inc. ("F&G").

Last close 40.44 2026-10-23
Market cap $10.85B 2026-06-30 share count
52-week range 37.88 - 60.37

Valuation FY2025 figures against the last close

P/S5.2x
P/E18.3x
P/FCF1.9x
EV/EBITDA—
Dividend yield5.0%
Diluted EPS2.21

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.10B$1.92B$1.86B$2.23B$2.82B$2.40B$2.12B$2.22B$7.66B$7.26B
Interest expense —$209.0M$174.0M$115.0M$114.0M$90.0M$47.0M$43.0M$48.0M$64.0M
Pre-tax income $1.40B$1.74B$693.0M$1.73B$3.56B$1.78B$1.37B$750.0M$864.0M$955.0M
Income tax $753.0M$367.0M$192.0M$439.0M$813.0M$322.0M$308.0M$120.0M$235.0M$347.0M
Net income $602.0M$1.27B$517.0M$1.29B$2.80B$1.43B$1.06B$628.0M$771.0M$650.0M
EPS, basic 2.224.691.914.719.815.023.892.30——
EPS, diluted 2.214.651.914.679.754.993.832.26——
Shares, diluted (wtd. avg.) 272.0M273.0M271.0M277.0M287.0M286.0M277.0M278.0M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.64B$3.48B$2.77B$2.29B$4.36B$2.72B$1.38B$1.26B$1.11B$1.32B
Property, plant and equipment $189.0M$173.0M$168.0M$179.0M$185.0M$180.0M$176.0M$164.0M$193.0M$192.0M
Goodwill $5.27B$5.27B$4.83B$4.63B$4.53B$4.50B$2.73B$2.73B$2.75B$2.56B
Other intangibles $917.0M$966.0M$4.63B$3.81B$523.0M$540.0M$422.0M$513.0M$618.0M$585.0M
Total assets $109.01B$95.26B$80.61B$65.14B$61.33B$50.45B$10.68B$9.30B$9.15B$14.52B
Long-term debt $4.40B$4.32B$3.89B$3.24B$3.10B$2.66B$838.0M$836.0M$759.0M$987.0M
Total liabilities $100.04B$86.73B$73.15B$58.57B$51.23B$42.06B$4.97B$4.33B$4.34B$7.28B
Retained earnings $5.48B$5.98B$5.24B$5.22B$4.37B$2.39B$1.36B$641.0M$217.0M$1.78B
Total equity $7.42B$7.75B$7.46B$6.57B$10.00B$8.49B$5.37B$4.63B$4.47B$6.90B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.83B$6.82B$6.48B$4.36B$4.09B$1.58B$1.12B$943.0M$737.0M$1.16B
Depreciation and amortisation $844.0M$739.0M$593.0M$491.0M$432.0M$296.0M$178.0M$182.0M$389.0M$431.0M
Stock-based compensation $88.0M$82.0M$60.0M$49.0M$42.0M—$38.0M$31.0M$44.0M$58.0M
Investing cash flow -$8.93B-$7.86B-$9.09B-$10.52B-$7.45B-$2.33B-$520.0M-$354.0M$79.0M-$191.0M
Financing cash flow $2.26B$1.76B$3.09B$4.09B$5.00B$2.10B-$482.0M-$442.0M-$1.03B-$428.0M
Dividends paid $546.0M$532.0M$500.0M$489.0M$446.0M$389.0M$344.0M$328.0M$278.0M$239.0M
Buybacks $251.0M$0$6.0M$553.0M$463.0M$236.0M$86.0M$20.0M$23.0M$276.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-051485.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 7.3B Net income, FY2016: 650M Revenue, FY2017: 7.7B Net income, FY2017: 771M Revenue, FY2018: 2.2B Net income, FY2018: 628M Revenue, FY2019: 2.1B Net income, FY2019: 1.1B Revenue, FY2020: 2.4B Net income, FY2020: 1.4B Revenue, FY2021: 2.8B Net income, FY2021: 2.8B Revenue, FY2022: 2.2B Net income, FY2022: 1.3B Revenue, FY2023: 1.9B Net income, FY2023: 517M Revenue, FY2024: 1.9B Net income, FY2024: 1.3B Revenue, FY2025: 2.1B Net income, FY2025: 602M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.26B $7.66B $2.22B $2.12B $2.40B $2.82B $2.23B $1.86B $1.92B $2.10B
Gross profit — — — — — — — — — —
Net income $650.0M $771.0M $628.0M $1.06B $1.43B $2.80B $1.29B $517.0M $1.27B $602.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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