Fidelity National Financial In Financials

FNF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

5/9

Fidelity National Financial In passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

5.37x

For every $1 of reported earnings, Fidelity National Financial In generates $5.37 in operating cash flow ($6.8B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Fidelity National Financial In (FNF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

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Key Financial Metrics

Revenue

$13.7B

YoY+16.4%

5Y CAGR+10.1%

10Y CAGR+5.5%

Fidelity National Financial In generated $13.7B in revenue in fiscal year 2024. This represents an increase of 16.4% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$1.3B

YoY+145.6%

5Y CAGR+3.6%

10Y CAGR+8.1%

Fidelity National Financial In reported $1.3B in net income in fiscal year 2024. This represents an increase of 145.6% from the prior year.

EPS (Diluted)

$4.65

YoY+143.5%

5Y CAGR+4.0%

Fidelity National Financial In earned $4.65 per diluted share (EPS) in fiscal year 2024. This represents an increase of 143.5% from the prior year.

Cash & Debt

$3.5B

YoY+25.7%

5Y CAGR+20.4%

10Y CAGR+17.4%

Fidelity National Financial In held $3.5B in cash against $4.3B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.94

YoY+6.0%

Fidelity National Financial In paid $1.94 per share in dividends in fiscal year 2024. This represents an increase of 6.0% from the prior year.

Shares Outstanding

275M

YoY+0.7%

5Y CAGR-0.0%

10Y CAGR-3.0%

Fidelity National Financial In had 275M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

9.3%

YoY+4.9pp

5Y CAGR-3.3pp

10Y CAGR+2.0pp

Fidelity National Financial In's net profit margin was 9.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.9 percentage points from the prior year.

Return on Equity

16.4%

YoY+8.9pp

5Y CAGR-3.4pp

10Y CAGR+6.7pp

Fidelity National Financial In's ROE was 16.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 8.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Fidelity National Financial In spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

FNF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$13.7B+16.4%	$11.8B+1.6%	$11.6B-26.1%	$15.7B+45.2%	$10.8B+27.3%	$8.5B
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	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$209.0M+20.1%	$174.0M+51.3%	$115.0M+0.9%	$114.0M+26.7%	$90.0M+91.5%	$47.0M
Income Tax	$367.0M+91.1%	$192.0M-56.3%	$439.0M-46.0%	$813.0M+152.5%	$322.0M+4.5%	$308.0M
Net Income	$1.3B+145.6%	$517.0M-60.0%	$1.3B-53.7%	$2.8B+96.0%	$1.4B+34.4%	$1.1B
EPS (Diluted)	$4.65+143.5%	$1.91-59.1%	$4.67-52.1%	$9.75+95.4%	$4.99+30.3%	$3.83

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$4.0B+10.9%	$3.6B+33.2%	$2.7B-24.6%	$3.6B+14.7%	$3.2B-4.3%	$3.3B-3.9%	$3.4B+23.5%	$2.8B
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$60.0M-1.6%	$61.0M+1.7%	$60.0M+5.3%	$57.0M+21.3%	$47.0M-4.1%	$49.0M+8.9%	$45.0M+2.3%	$44.0M
Income Tax	$90.0M-8.2%	$98.0M+237.9%	$29.0M-79.9%	$144.0M+24.1%	$116.0M+84.1%	$63.0M+218.9%	-$53.0M-137.6%	$141.0M
Net Income	$358.0M+28.8%	$278.0M+234.9%	$83.0M-81.6%	$450.0M+47.1%	$306.0M+23.4%	$248.0M+459.4%	-$69.0M-116.2%	$426.0M
EPS (Diluted)	$1.33+30.4%	$1.02+240.0%	$0.30-81.8%	$1.65+47.3%	$1.12+23.1%	$0.91+464.0%	$-0.25-115.9%	$1.57

FNF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$95.3B+18.2%	$80.6B+23.7%	$65.1B+6.2%	$61.3B+21.6%	$50.5B+372.6%	$10.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.5B+25.7%	$2.8B+21.0%	$2.3B-47.6%	$4.4B+60.4%	$2.7B+97.6%	$1.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$362.0M+14.2%	$317.0M-9.2%	$349.0M-33.4%	$524.0M+29.7%	$404.0M+25.9%	$321.0M
Goodwill	$5.3B+9.1%	$4.8B+4.2%	$4.6B+2.3%	$4.5B+0.8%	$4.5B+64.8%	$2.7B
Total Liabilities	$86.7B+18.6%	$73.2B+24.9%	$58.6B+14.3%	$51.2B+21.8%	$42.1B+746.7%	$5.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.3B+11.2%	$3.9B+20.0%	$3.2B+4.6%	$3.1B+16.3%	$2.7B+217.7%	$838.0M
Total Equity	$7.8B+12.2%	$6.9B+12.9%	$6.1B-35.0%	$9.4B+12.7%	$8.4B+55.2%	$5.4B
Retained Earnings	$6.0B+14.1%	$5.2B+0.4%	$5.2B+19.6%	$4.4B+82.5%	$2.4B+76.5%	$1.4B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$106.6B+4.2%	$102.3B+4.2%	$98.2B+3.1%	$95.3B+7.2%	$88.8B+5.1%	$84.5B+4.8%	$80.6B+8.9%	$74.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.5B+6.8%	$3.3B-27.0%	$4.5B+28.9%	$3.5B-28.9%	$4.9B+39.0%	$3.5B+27.1%	$2.8B-13.8%	$3.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$379.0M+0.3%	$378.0M+15.6%	$327.0M-9.7%	$362.0M+8.7%	$333.0M+7.4%	$310.0M-2.2%	$317.0M0.0%	$317.0M
Goodwill	$5.3B0.0%	$5.3B0.0%	$5.3B0.0%	$5.3B+3.2%	$5.1B0.0%	$5.1B+5.7%	$4.8B0.0%	$4.8B
Total Liabilities	$97.3B+4.1%	$93.5B+4.6%	$89.4B+3.1%	$86.7B+7.3%	$80.8B+5.5%	$76.7B+4.8%	$73.2B+8.5%	$67.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.4B0.0%	$4.4B+0.1%	$4.4B+1.7%	$4.3B+3.5%	$4.2B+7.5%	$3.9B-0.1%	$3.9B+5.2%	$3.7B
Total Equity	$8.4B+5.7%	$7.9B+0.2%	$7.9B+1.8%	$7.8B+6.8%	$7.3B+1.9%	$7.1B+3.1%	$6.9B+12.2%	$6.2B
Retained Earnings	$6.3B+3.7%	$6.1B+2.4%	$5.9B-0.9%	$6.0B+8.1%	$5.5B+3.3%	$5.4B+2.2%	$5.2B-3.7%	$5.4B

FNF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$6.8B+5.2%	$6.5B+48.7%	$4.4B+6.5%	$4.1B+159.2%	$1.6B+40.8%	$1.1B
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	-$7.9B+13.5%	-$9.1B+13.6%	-$10.5B-41.3%	-$7.4B-219.6%	-$2.3B-348.3%	-$520.0M
Financing Cash Flow	$1.8B-43.1%	$3.1B-24.5%	$4.1B-18.1%	$5.0B+138.5%	$2.1B+534.9%	-$482.0M
Dividends Paid	$532.0M+6.4%	$500.0M+2.2%	$489.0M+9.6%	$446.0M+14.7%	$389.0M+13.1%	$344.0M
Share Buybacks	$0-100.0%	$6.0M-98.9%	$553.0M+19.4%	$463.0M+96.2%	$236.0M+174.4%	$86.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$1.3B-30.9%	$1.9B+70.0%	$1.1B-25.4%	$1.5B+9.7%	$1.4B-14.3%	$1.6B-29.7%	$2.3B+110.3%	$1.1B
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	-$2.1B+40.9%	-$3.5B-343.7%	-$785.0M+72.4%	-$2.8B-47.8%	-$1.9B-75.6%	-$1.1B+67.1%	-$3.3B-117.8%	-$1.5B
Financing Cash Flow	$969.0M+158.4%	$375.0M-44.4%	$675.0M+582.1%	-$140.0M-107.2%	$1.9B+658.8%	$255.0M-59.2%	$625.0M+18.8%	$526.0M
Dividends Paid	$135.0M0.0%	$135.0M-0.7%	$136.0M-3.5%	$141.0M+7.6%	$131.0M+0.8%	$130.0M-3.0%	$134.0M+8.9%	$123.0M
Share Buybacks	$43.0M-72.1%	$154.0M+541.7%	$24.0M	$0	$0	$0	$0	$0

FNF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	9.3%+4.9pp	4.4%-6.8pp	11.2%-6.7pp	17.9%+4.6pp	13.2%+0.7pp	12.5%
Return on Equity	16.4%+8.9pp	7.5%-13.7pp	21.2%-8.5pp	29.7%+12.6pp	17.1%-2.6pp	19.7%
Return on Assets	1.3%+0.7pp	0.6%-1.4pp	2.0%-2.6pp	4.6%+1.7pp	2.8%-7.1pp	10.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.560.0	0.56+0.0	0.53+0.2	0.33+0.0	0.32+0.2	0.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	8.9%+1.2pp	7.6%+4.6pp	3.0%-9.4pp	12.4%+2.7pp	9.7%+2.2pp	7.5%+9.5pp	-2.0%-17.3pp	15.3%
Return on Equity	4.3%+0.8pp	3.5%+2.5pp	1.1%-4.8pp	5.8%+1.6pp	4.2%+0.7pp	3.5%	N/A	6.9%
Return on Assets	0.3%+0.1pp	0.3%+0.2pp	0.1%-0.4pp	0.5%+0.1pp	0.3%+0.1pp	0.3%+0.4pp	-0.1%-0.7pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.53-0.0	0.560.0	0.560.0	0.56-0.0	0.58+0.0	0.55-0.0	0.56-0.0	0.60
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Fidelity National Financial In's annual revenue?

Fidelity National Financial In (FNF) reported $13.7B in total revenue for fiscal year 2024. This represents a 16.4% 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 16.4% year-over-year, from $11.8B to $13.7B in fiscal year 2024.

Is Fidelity National Financial In profitable?

Yes, Fidelity National Financial In (FNF) reported a net income of $1.3B in fiscal year 2024, with a net profit margin of 9.3%.

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

Fidelity National Financial In (FNF) reported diluted earnings per share of $4.65 for fiscal year 2024. This represents a 143.5% 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.

How much debt does Fidelity National Financial In have?

As of fiscal year 2024, Fidelity National Financial In (FNF) had $3.5B in cash and equivalents against $4.3B 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 9.3% in fiscal year 2024, 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 $1.94 per share in dividends during fiscal year 2024.

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

Fidelity National Financial In (FNF) has a return on equity of 16.4% for fiscal year 2024, 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 $6.8B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Fidelity National Financial In's total assets?

Fidelity National Financial In (FNF) had $95.3B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Fidelity National Financial In have outstanding?

Fidelity National Financial In (FNF) had 275M shares outstanding as of fiscal year 2024.

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

Fidelity National Financial In (FNF) had a debt-to-equity ratio of 0.56 as of fiscal year 2024, 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 1.3% for fiscal year 2024, 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 7–9 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 5.37x, 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.