Filing Flows › First American Financial (FAF) › Q4 2025
First American Financial (FAF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
First American Financial (FAF) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +4% from the quarter before. Operating margin was 14.0%, net earnings $213M (10.4% of revenue).
First American Financial, Q4 2025: revenue $2.0B (+22% year over year), operating margin 14.0%, net earnings $213M, operating cash flow $369M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +4% | +22% |
| Operating profit | $287M | +16% | +188% |
| Net earnings | $213M | +12% | +193% |
| Operating cash flow | $369M | +36% | +14% |
| Free cash flow | $324M | +45% | +22% |
What changed
Revenue was $2.0B in Q4 2025, up 22% year over year and up 4% from the previous quarter.
Operating profit was $0.29B, a 14.0% margin (up 8.1 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 6% margin then. Total costs grew 11% against revenue growth of 22%. Net earnings were $0.21B, up 193% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.37B (up 14% year over year), 173% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.04B left free cash flow of $0.32B.
Questions
What was First American Financial's revenue in the fourth quarter 2025?
First American Financial (FAF) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +4% from the quarter before.
Was First American Financial profitable in the fourth quarter 2025?
Operating profit was $287M (14.0% of revenue) and net earnings $213M.