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NYSE · Financials

Fidelity National Financial, Inc. (FNF)

As-reported financials and SEC filings for Fidelity National Financial, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Fidelity National Financial, Inc.

Fidelity National Financial, Inc. provides title insurance, escrow, and other title-related services for real estate transactions, serving residential and commercial real estate markets in the United States. It operates through several title insurance underwriters and offers mortgage transaction services via its subsidiary ServiceLink Holdings. The company also owns a majority stake in F&G Annuities & Life, Inc., which offers a range of annuity and life insurance products to retail and institutional clients.

Snapshot

Revenue
$14.45B
Revenue growth (YoY)
5.6%
Net income
$602.0M
Diluted EPS
$2.21
Gross margin
—
Operating margin
—
Net margin
4.2%
FCF margin
—
ROE
6.7%
net income / fiscal-year-end equity
P/E
13.6×
trailing when available, otherwise FY EPS
Market cap
$10.47B
Long-term debt / equity
0.49×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Fidelity National Financial

  • Revenue grew 5.6% to $14.4B in FY2025, slower than the 16.4% the year before.
  • Most recent quarter Q2 FY2026: revenue $4.1B, up 11.4% from Q2 FY2025.
  • Net income fell 52.6% to $602M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Fidelity National Financial’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin4.2%
21st percentile of 372
Revenue growth (YoY)+5.6%
32nd percentile of 418
ROE6.7%
37th percentile of 373
P/E13.6×
60th percentile of 307
Long-term debt / equity0.49×
60th percentile of 192
Short interest3.65d
50th percentile of 419

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
7
0 new, 7 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$957.4M
reported long value
InvestorAs ofPosition valueSharesChange
First Eagle Investment ManagementQ2 2026$423.4M9.0MAdded
AQR Capital ManagementquantQ2 2026$348.8M7.4MAdded
D. E. ShawquantQ2 2026$80.6M1.7MAdded
Two Sigma InvestmentsquantQ2 2026$40.7M863.8KAdded
Gotham Asset ManagementQ2 2026$20.9M444.2KAdded
Millennium ManagementquantQ2 2026$14.8M314.7KReduced
Renaissance TechnologiesquantQ2 2026$11.8M250.1KAdded
Citadel AdvisorsquantQ2 2026$9.2M194.4KReduced
Bridgewater AssociatesQ2 2026$7.2M152.2KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-26
filed 2026-06-29
Peter T. SadowskiEVP, Chief Legal OfficerSell69.2K$45.70$3.2M
2026-06-24
filed 2026-06-25
Halim DhanidinaDirectorSell9.5K$418.25$4.0M
2026-04-08
filed 2026-04-28
Peter T. SadowskiEVP, Chief Legal OfficerSell473$47.67$23K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.7M
settled 2026-09-30
Change vs prior
+11.9%
vs previous settlement
Days to cover
3.65
at avg daily volume
Avg daily volume
3.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3011.7M+11.9%3.65
2026-09-1510.4M+13.6%4.06
2026-08-319.2M+10.1%6.31
2026-08-148.3M-8.5%5.05
2026-07-319.1M-6.3%5.62
2026-07-159.7M+8.5%7.01
2026-06-309.0M+8.7%4.15
2026-06-158.3M-1.9%6.17

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$14.45B$13.68B$11.75B$11.56B$15.65B
Gross profit—————
Operating income—————
Net income$602.0M$1.27B$517.0M$1.29B$2.80B
Diluted EPS$2.21$4.65$1.91$4.67$9.75

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$2.64B$3.48B$2.77B$2.29B$4.36B
Current assets—————
Total assets$109.01B$95.26B$80.61B$65.14B$61.33B
Current liabilities—————
Long-term debt$4.40B$4.32B$3.89B$3.24B$3.10B
Total liabilities$100.04B$86.73B$73.15B$58.57B$51.23B
Total equity$8.97B$8.53B$7.46B$6.57B$10.00B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$5.83B$6.82B$6.48B$4.36B$4.09B
Capital expenditure—————
Free cash flow—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$4.05B11.4%$288.0M$1.08
Q1 FY2026$3.23B18.2%$243.0M$0.90
Q4 FY202511.9%
Q3 FY2025$4.03B11.9%$358.0M$1.33
Q2 FY2025$3.63B15.1%$278.0M$1.02
Q1 FY2025$2.73B-17.3%$83.0M$0.30
Q4 FY20245.5%
Q3 FY2024$3.60B29.7%$266.0M$0.97

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryTitle Insurance
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK1331875

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-09-16
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-11
View on EDGAR →
8-K2026-05-12
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.