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Fidelity National Financial (FNF) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 8, 2025

Fidelity National Financial (FNF) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), -17% from a year earlier and -25% from the quarter before. Operating margin was 4.1%, net earnings $83.0M (3.0% of revenue).

Revenue$2.7B
Year over year-17%
Quarter over quarter-25%
Operating margin4.1%
Net earnings$83.0M

Fidelity National Financial, Q1 2025: revenue $2.7B (-17% year over year), operating margin 4.1%, net earnings $83.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$2.7B-25%-17%
Operating profit$111M-83%-66%
Net earnings$83.0M-84%-69%
Operating cash flow$1.1B-25%-30%

What changed

Revenue was $2.7B in Q1 2025, down 17% year over year and down 25% from the previous quarter.

Operating profit was $0.11B, a 4.1% margin (down 6.0 points year over year). Total costs fell 12% while revenue fell 17%. Net earnings were $0.08B, down 67% year over year. The effective tax rate was 25.9%.

Operating cash flow was $1.1B (down 30% year over year), 1343% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.81B.

Questions

What was Fidelity National Financial's revenue in the first quarter 2025?

Fidelity National Financial (FNF) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), -17% from a year earlier and -25% from the quarter before.

Was Fidelity National Financial profitable in the first quarter 2025?

Operating profit was $111M (4.1% of revenue) and net earnings $83.0M.

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Source: Fidelity National Financial 10-Q on SEC EDGAR.