Filing Flows › First American Financial (FAF) › Q2 2025
First American Financial (FAF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
First American Financial (FAF) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +16% from the quarter before. Operating margin was 10.6%, net earnings $147M (8.0% of revenue).
First American Financial, Q2 2025: revenue $1.8B (+14% year over year), operating margin 10.6%, net earnings $147M, operating cash flow $362M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +16% | +14% |
| Operating profit | $195M | +102% | +29% |
| Net earnings | $147M | +97% | +26% |
| Operating cash flow | $362M | — | +36% |
| Free cash flow | $309M | — | +47% |
What changed
Revenue was $1.8B in Q2 2025, up 14% year over year and up 16% from the previous quarter.
Operating profit was $0.20B, a 10.6% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 9% margin then. Total costs grew 13% against revenue growth of 14%. Net earnings were $0.15B, up 26% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.36B (up 36% year over year), 246% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.05B left free cash flow of $0.31B.
Questions
What was First American Financial's revenue in the second quarter 2025?
First American Financial (FAF) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +16% from the quarter before.
Was First American Financial profitable in the second quarter 2025?
Operating profit was $195M (10.6% of revenue) and net earnings $147M.