What is Fidelity National Financial In's earnings per share (EPS)?

Fidelity National Financial In (FNF) reported diluted earnings per share of $2.21 for fiscal year 2025. This represents a -52.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Fidelity National Financial In Financials

FNF

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Fidelity National Financial In (FNF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FNF FY2025 2026-05-08

A cash-generative operation sits on a heavily liability-funded balance sheet, so modest asset returns drive outsized equity swings.

Across FY2023-FY2025, operating cash flow stayed in a tight band between $5.8B and $6.8B even as net income whipsawed, so reported earnings appear more variable than the cash engine underneath. In FY2025, liabilities financed most assets at 91.8%, which makes small changes in asset-level profitability travel quickly into equity returns.

From FY2023 to FY2025, assets grew by roughly $28.4B while equity edged up only $516M, a sign that balance-sheet expansion depended far more on liabilities than retained capital. That structure helps explain why ROA and ROE move very differently: FY2025 ROA was just 0.6%, yet ROE still reached 8.1%.

Cash fell from $3.5B to $2.6B in FY2025 even though operating cash flow remained high, indicating cash was absorbed elsewhere on the balance sheet rather than accumulating as liquidity. With long-term debt essentially flat near $4.4B, the lower cash balance looks more like ongoing funding demand than a fresh borrowing cycle.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Fidelity National Financial In's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Fidelity National Financial In's revenue grew 5.6% year-over-year to $14.4B, a solid pace of expansion. This earns a growth score of 51/100.

Leverage

Fidelity National Financial In carries a low D/E ratio of 0.59, meaning only $0.59 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.

Returns

Fidelity National Financial In's ROE of 8.1% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 16.4% the prior year.

Piotroski F-Score Neutral

5/9

Fidelity National Financial In passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

9.68x

For every $1 of reported earnings, Fidelity National Financial In generates $9.68 in operating cash flow ($5.8B OCF vs $602.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$14.4B

YoY+5.6%

5Y CAGR+6.0%

10Y CAGR+8.0%

Fidelity National Financial In generated $14.4B in revenue in fiscal year 2025. This represents an increase of 5.6% from the prior year.

EBITDA

N/A

Net Income

$602.0M

YoY-52.6%

5Y CAGR-15.9%

10Y CAGR+1.3%

Fidelity National Financial In reported $602.0M in net income in fiscal year 2025. This represents a decrease of 52.6% from the prior year.

EPS (Diluted)

$2.21

YoY-52.5%

5Y CAGR-15.0%

10Y CAGR+2.1%

Fidelity National Financial In earned $2.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 52.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.6B

YoY-24.2%

5Y CAGR-0.6%

10Y CAGR+12.9%

Fidelity National Financial In held $2.6B in cash against $4.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.02

YoY+4.1%

Fidelity National Financial In paid $2.02 per share in dividends in fiscal year 2025. This represents an increase of 4.1% from the prior year.

Shares Outstanding

271M

YoY-1.4%

5Y CAGR-1.4%

Fidelity National Financial In had 271M shares outstanding in fiscal year 2025. This represents a decrease of 1.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.2%

YoY-5.1pp

5Y CAGR-9.1pp

10Y CAGR-3.7pp

Fidelity National Financial In's net profit margin was 4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.1 percentage points from the prior year.

Return on Equity

8.1%

YoY-8.3pp

5Y CAGR-9.0pp

10Y CAGR-1.0pp

Fidelity National Financial In's ROE was 8.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$251.0M

5Y CAGR+1.2%

10Y CAGR-6.6%

Fidelity National Financial In spent $251.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

FNF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$14.4B+5.6%	$13.7B+16.4%	$11.8B+1.6%	$11.6B-26.1%	$15.7B+45.2%	$10.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.4B+9.2%	$3.1B+8.3%	$2.9B-8.9%	$3.2B-9.5%	$3.5B+19.6%	$3.0B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$242.0M+15.8%	$209.0M+20.1%	$174.0M+51.3%	$115.0M+0.9%	$114.0M+26.7%	$90.0M
Income Tax	$753.0M+105.2%	$367.0M+91.1%	$192.0M-56.3%	$439.0M-46.0%	$813.0M+152.5%	$322.0M
Net Income	$602.0M-52.6%	$1.3B+145.6%	$517.0M-60.0%	$1.3B-53.7%	$2.8B+96.0%	$1.4B
EPS (Diluted)	$2.21-52.5%	$4.65+143.5%	$1.91-59.1%	$4.67-52.1%	$9.75+95.4%	$4.99

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$3.2B-20.4%	$4.1B+0.5%	$4.0B+10.9%	$3.6B+33.2%	$2.7B-24.6%	$3.6B+0.5%	$3.6B+14.1%	$3.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$827.0M-8.2%	$901.0M+0.2%	$899.0M+3.7%	$867.0M+12.6%	$770.0M-7.5%	$832.0M+2.7%	$810.0M+4.0%	$779.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$61.0M0.0%	$61.0M+1.7%	$60.0M-1.6%	$61.0M+1.7%	$60.0M+5.3%	$57.0M+1.8%	$56.0M+19.1%	$47.0M
Income Tax	$175.0M-67.4%	$536.0M+495.6%	$90.0M-8.2%	$98.0M+237.9%	$29.0M-79.9%	$144.0M+227.3%	$44.0M-62.1%	$116.0M
Net Income	$243.0M+307.7%	-$117.0M-132.7%	$358.0M+28.8%	$278.0M+234.9%	$83.0M-81.6%	$450.0M+69.2%	$266.0M-13.1%	$306.0M
EPS (Diluted)	$0.90	N/A	$1.33+30.4%	$1.02+240.0%	$0.30	N/A	$0.97-13.4%	$1.12

FNF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$109.0B+14.4%	$95.3B+18.2%	$80.6B+23.7%	$65.1B+6.2%	$61.3B+21.6%	$50.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.6B-24.2%	$3.5B+25.7%	$2.8B+21.0%	$2.3B-47.6%	$4.4B+60.4%	$2.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$375.0M+3.6%	$362.0M+14.2%	$317.0M-9.2%	$349.0M-33.4%	$524.0M+29.7%	$404.0M
Goodwill	$5.3B0.0%	$5.3B+9.1%	$4.8B+4.2%	$4.6B+2.3%	$4.5B+0.8%	$4.5B
Total Liabilities	$100.0B+15.3%	$86.7B+18.6%	$73.2B+24.9%	$58.6B+14.3%	$51.2B+21.8%	$42.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.4B+1.8%	$4.3B+11.2%	$3.9B+20.0%	$3.2B+4.6%	$3.1B+16.3%	$2.7B
Total Equity	$7.4B-4.3%	$7.8B+12.2%	$6.9B+12.9%	$6.1B-35.0%	$9.4B+12.7%	$8.4B
Retained Earnings	$5.5B-8.3%	$6.0B+14.1%	$5.2B+0.4%	$5.2B+19.6%	$4.4B+82.5%	$2.4B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$111.5B+2.3%	$109.0B+2.2%	$106.6B+4.2%	$102.3B+4.2%	$98.2B+3.1%	$95.3B+0.6%	$94.7B+6.6%	$88.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.5B-6.4%	$2.6B-24.6%	$3.5B+6.8%	$3.3B-27.0%	$4.5B+28.9%	$3.5B-30.0%	$5.0B+1.6%	$4.9B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$368.0M-1.9%	$375.0M-1.1%	$379.0M+0.3%	$378.0M+15.6%	$327.0M-9.7%	$362.0M+7.7%	$336.0M+0.9%	$333.0M
Goodwill	$5.2B-1.1%	$5.3B0.0%	$5.3B0.0%	$5.3B0.0%	$5.3B0.0%	$5.3B0.0%	$5.3B+3.2%	$5.1B
Total Liabilities	$102.8B+2.7%	$100.0B+2.8%	$97.3B+4.1%	$93.5B+4.6%	$89.4B+3.1%	$86.7B+1.1%	$85.8B+6.1%	$80.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.4B0.0%	$4.4B0.0%	$4.4B0.0%	$4.4B+0.1%	$4.4B+1.7%	$4.3B+3.2%	$4.2B+0.3%	$4.2B
Total Equity	$7.3B-2.3%	$7.4B-11.1%	$8.4B+5.7%	$7.9B+0.2%	$7.9B+1.8%	$7.8B-4.1%	$8.1B+11.3%	$7.3B
Retained Earnings	$5.6B+1.9%	$5.5B-12.9%	$6.3B+3.7%	$6.1B+2.4%	$5.9B-0.9%	$6.0B+5.5%	$5.7B+2.4%	$5.5B

FNF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$5.8B-14.5%	$6.8B+5.2%	$6.5B+48.7%	$4.4B+6.5%	$4.1B+159.2%	$1.6B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$8.9B-13.6%	-$7.9B+13.5%	-$9.1B+13.6%	-$10.5B-41.3%	-$7.4B-219.6%	-$2.3B
Financing Cash Flow	$2.3B+28.7%	$1.8B-43.1%	$3.1B-24.5%	$4.1B-18.1%	$5.0B+138.5%	$2.1B
Dividends Paid	$546.0M+2.6%	$532.0M+6.4%	$500.0M+2.2%	$489.0M+9.6%	$446.0M+14.7%	$389.0M
Share Buybacks	$251.0M	$0-100.0%	$6.0M-98.9%	$553.0M+19.4%	$463.0M+96.2%	$236.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$875.0M-41.9%	$1.5B+14.9%	$1.3B-30.9%	$1.9B+70.0%	$1.1B-25.4%	$1.5B-36.8%	$2.4B+73.6%	$1.4B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$945.0M+63.8%	-$2.6B-26.7%	-$2.1B+40.9%	-$3.5B-343.7%	-$785.0M+72.4%	-$2.8B-42.7%	-$2.0B-3.6%	-$1.9B
Financing Cash Flow	-$99.0M-140.6%	$244.0M-74.8%	$969.0M+158.4%	$375.0M-44.4%	$675.0M+582.1%	-$140.0M+51.9%	-$291.0M-115.0%	$1.9B
Dividends Paid	$140.0M0.0%	$140.0M+3.7%	$135.0M0.0%	$135.0M-0.7%	$136.0M-3.5%	$141.0M+8.5%	$130.0M-0.8%	$131.0M
Share Buybacks	$78.0M+160.0%	$30.0M-30.2%	$43.0M-72.1%	$154.0M+541.7%	$24.0M	$0	$0	$0

FNF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.2%-5.1pp	9.3%+4.9pp	4.4%-6.8pp	11.2%-6.7pp	17.9%+4.6pp	13.2%
Return on Equity	8.1%-8.3pp	16.4%+8.9pp	7.5%-13.7pp	21.2%-8.5pp	29.7%+12.6pp	17.1%
Return on Assets	0.5%-0.8pp	1.3%+0.7pp	0.6%-1.4pp	2.0%-2.6pp	4.6%+1.7pp	2.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.59+0.0	0.560.0	0.56+0.0	0.53+0.2	0.33+0.0	0.32
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	7.5%+10.4pp	-2.9%-11.8pp	8.9%+1.2pp	7.6%+4.6pp	3.0%-9.4pp	12.4%+5.0pp	7.4%-2.3pp	9.7%
Return on Equity	3.4%+4.9pp	-1.6%-5.9pp	4.3%+0.8pp	3.5%+2.5pp	1.1%-4.8pp	5.8%+2.5pp	3.3%-0.9pp	4.2%
Return on Assets	0.2%+0.3pp	-0.1%-0.4pp	0.3%+0.1pp	0.3%+0.2pp	0.1%-0.4pp	0.5%+0.2pp	0.3%-0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.61+0.0	0.59+0.1	0.53-0.0	0.560.0	0.560.0	0.56+0.0	0.52-0.1	0.58
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Ryan Specialty Hldgs Inc RYAN

$4.4B

Axis Cap Hldgs Ltd AXS

$7.4B

First Amern Finl Corp FAF

$7.0B

Mgic Inv Cp MTG

$5.6B

Essent Group Ltd ESNT

$5.7B

Frequently Asked Questions

What is Fidelity National Financial In's annual revenue?

Fidelity National Financial In (FNF) reported $14.4B in total revenue for fiscal year 2025. This represents a 5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Fidelity National Financial In's revenue growing?

Fidelity National Financial In (FNF) revenue grew by 5.6% year-over-year, from $13.7B to $14.4B in fiscal year 2025.

Is Fidelity National Financial In profitable?

Yes, Fidelity National Financial In (FNF) reported a net income of $602.0M in fiscal year 2025, with a net profit margin of 4.2%.

How much debt does Fidelity National Financial In have?

As of fiscal year 2025, Fidelity National Financial In (FNF) had $2.6B in cash and equivalents against $4.4B in long-term debt.

What is Fidelity National Financial In's net profit margin?

Fidelity National Financial In (FNF) had a net profit margin of 4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Fidelity National Financial In pay dividends?

Yes, Fidelity National Financial In (FNF) paid $2.02 per share in dividends during fiscal year 2025.

What is Fidelity National Financial In's return on equity (ROE)?

Fidelity National Financial In (FNF) has a return on equity of 8.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Fidelity National Financial In's operating cash flow?

Fidelity National Financial In (FNF) generated $5.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Fidelity National Financial In's total assets?

Fidelity National Financial In (FNF) had $109.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Fidelity National Financial In buy back shares?

Yes, Fidelity National Financial In (FNF) spent $251.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Fidelity National Financial In have outstanding?

Fidelity National Financial In (FNF) had 271M shares outstanding as of fiscal year 2025.

What is Fidelity National Financial In's debt-to-equity ratio?

Fidelity National Financial In (FNF) had a debt-to-equity ratio of 0.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Fidelity National Financial In's return on assets (ROA)?

Fidelity National Financial In (FNF) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Fidelity National Financial In's Piotroski F-Score?

Fidelity National Financial In (FNF) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Fidelity National Financial In's earnings high quality?

Fidelity National Financial In (FNF) has an earnings quality ratio of 9.68x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Fidelity National Financial In?

Fidelity National Financial In (FNF) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.