Filing Flows › First American Financial (FAF) › Q3 2025
First American Financial (FAF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
First American Financial (FAF) reported revenue of $2.0B for the third quarter 2025 (Q3 2025), +41% from a year earlier and +7% from the quarter before. Operating margin was 12.5%, net earnings $190M (9.6% of revenue).
First American Financial, Q3 2025: revenue $2.0B (+41% year over year), operating margin 12.5%, net earnings $190M, operating cash flow $272M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +7% | +41% |
| Operating profit | $247M | +27% | — |
| Net earnings | $190M | +29% | — |
| Operating cash flow | $272M | -25% | +15% |
| Free cash flow | $223M | -28% | +20% |
What changed
Revenue was $2.0B in Q3 2025, up 41% year over year and up 7% from the previous quarter.
Operating profit was $0.25B, a 12.5% margin (up 22.8 points year over year). Total costs grew 12% against revenue growth of 41%. Net earnings were $0.19B. The effective tax rate was 23.1%.
Operating cash flow was $0.27B (up 15% year over year), 143% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.05B left free cash flow of $0.22B.
Questions
What was First American Financial's revenue in the third quarter 2025?
First American Financial (FAF) reported revenue of $2.0B for the third quarter 2025 (Q3 2025), +41% from a year earlier and +7% from the quarter before.
Was First American Financial profitable in the third quarter 2025?
Operating profit was $247M (12.5% of revenue) and net earnings $190M.