Filing Flows

Filing Flows › Financials › Fidelity National Financial (FNF)

Fidelity National Financial (FNF) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Fidelity National Financial (FNF) Q3 2026 earnings results →

Q3 2026 Revenue down 11% year over year to $3.6B · 18¢ of every $1 of revenue kept as net profit · operating margin 34.8%

Fidelity National Financial made $3.6B in Q3 2026 (-11% Y/Y). Operating margin 34.8%, net earnings $633M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$3.6B
Year over year-11%
Operating margin34.8%
Net earnings$633M
Operating cash flow$1.4B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Fidelity National Financial Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Fidelity National Financial Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $3.6B in Q3 2026, down 11% year over year and down 12% from the previous quarter.

Operating profit was $1.2B, a 34.8% margin (up 23.6 points year over year). Total costs fell 35% while revenue fell 11%. Net earnings were $0.63B, up 77% year over year. The effective tax rate was 31.9%.

Operating cash flow was $1.4B (up 8% year over year), 168% of net income including minority interests. Non-cash charges added back $0.24B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.31B.

Quarterly history

Fidelity National Financial revenue by quarterFidelity National Financial revenue by quarter$2.7BQ1 2025$3.6BQ2 2025$4.0BQ3 2025$4.1BQ4 2025$3.2BQ1 2026$4.1BQ2 2026$3.6BQ3 2026
Fidelity National Financial net earnings by quarterFidelity National Financial net earnings by quarter$83.0MQ1 2025$278MQ2 2025$358MQ3 2025−$86.0MQ4 2025$243MQ1 2026$288MQ2 2026$633MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$3.6B-11%34.8%$633M$1.4B
Q2 202610-QAug 6, 2026$4.1B+11%8.3%$288M$1.9B
Q1 202610-QMay 8, 2026$3.2B+18%15.4%$243M$875M
Q4 202510-KFeb 26, 2026$4.1B+12%11.1%−$86.0M$1.5B
Q3 202510-QNov 10, 2025$4.0B+12%11.2%$358M$1.3B
Q2 202510-QAug 7, 2025$3.6B+15%10.5%$278M$1.9B
Q1 202510-QMay 8, 2025$2.7B-17%4.1%$83.0M$1.1B

Charts

Fidelity National Financial: revenue growth, year over year and quarter over quarterFidelity National Financial: revenue growth, year over year and quarter over quarterY/YQ/Q-17%Q1 2025+15%+33%Q2 2025+12%+11%Q3 2025+12%+1%Q4 2025+18%-20%Q1 2026+11%+26%Q2 2026-11%-12%Q3 2026
Latest (Q3 2026): Y/Y -11%, Q/Q -12%.
Fidelity National Financial: where the cash came from (+) and went (−), TTM to Q3 2026Fidelity National Financial: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$5.7BOther investing−$5.1BCash drawn (+) / kept (−)$636MDividends−$557MOther financing−$390MBuybacks−$174MPartners−$78.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Fidelity National Financial: profit against cash, quarter by quarterFidelity National Financial: profit against cash, quarter by quarterNet incomeOperating cash flow$508M$1.5BQ4 2024$83.0M$1.1BQ1 2025$293M$1.9BQ2 2025$389M$1.3BQ3 2025−$86.0M$1.5BQ4 2025$321M$875MQ1 2026$276M$1.9BQ2 2026$848M$1.4BQ3 2026
Latest (Q3 2026): Net income $848M, Operating cash flow $1.4B.
Fidelity National Financial: diluted shares by fiscal yearFidelity National Financial: diluted shares by fiscal year286MFY2020287MFY2021277MFY2022271MFY2023273MFY2024272MFY2025
-4.9% since FY2020: buybacks shrank the count.
Fidelity National Financial: long-term debt falling due (FY2025)Fidelity National Financial: long-term debt falling due (FY2025)$32.0M2026$950M2028$550M2029$650M2030$2.3BLater
Cash $2.6B, short-term investments —, long-term debt $4.4B at 2025-12-31.
Fidelity National Financial in its industry: growth against margin (4 companies, SIC 6361)Fidelity National Financial in its industry: growth against margin (4 companies, SIC 6361)revenue growth, year over year →↑ operating marginmedian +12%median 14%FAFSTCITICFNF (-11%, 35%)
Title Insurance; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Fidelity National Financial

The following describes the business of Fidelity National Financial, Inc. and its subsidiaries. Except where otherwise noted, all references to " we, " " us, " " our " , the " Company " or " FNF " are to Fidelity National Financial, Inc. and its subsidiaries, taken together. We are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and (ii) transaction services to the real estate and mortgage industries.

In its own words, from its 10-K, filed Feb 26, 2026.

Fidelity National Financial against its Title Insurance peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -11% against the peers' median +12%. Operating margin: 34.8% against the peers' median 13.9%.

CompanyQuarterRevenueY/YOp. margin
FNF Fidelity National FinancialQ3 2026$3.6B-11%34.8%
FAF First American FinancialQ3 2026$2.1B+5%10.9%
STC Stewart Information ServicesQ3 2026$901M+13%5.1%
ITIC Investors TitleQ3 2026$81.9M+12%13.9%

Source: Fidelity National Financial 10-Q on SEC EDGAR · CIK 1331875 · Title Insurance

Guidance and outlook

Fidelity National Financial: what its forward-looking statements are about (10-Q filed 2026-11-06)Fidelity National Financial: what its forward-looking statements are about (10-Q filed 2026-11-06)The economy5Other4Demand1Costs1Financing1Supply chain1Buybacks & dividends1
14 statements; tone +0.00 (−1 all cautious, +1 all confident); 3 hedged.
Fidelity National Financial: outlook statements against the filing beforeFidelity National Financial: outlook statements against the filing beforeConfident4Cautious4

13F: who owns FNF and who is buying

Largest holders of FNF (13F)Largest holders of FNF (13F)BlackRock$1.8BVanguard Group$1.5BWindacre Partnership LLC$986MFirst Eagle Investment Management…$847MVanguard Portfolio Management LLC$573MVanguard Capital Management LLC$543MState Street$461MCharles Schwab Investment Managem…$395MAQR Capital Management LLC$349MFMR LLC$334M
Funds' net buying of FNF by quarter (13F)Funds' net buying of FNF by quarter (13F)−$362M2024-09−$199M2024-12−$273M2025-03$199M2025-06−$56.9M2025-09−$54.5M2025-12$133M2026-03$522M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FNF

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare FNF with

中文版：Fidelity National Financial（FNF）财报

Español · Français