Filing Flows › Fidelity National Financial (FNF) › Q2 2025
Fidelity National Financial (FNF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Fidelity National Financial (FNF) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), +15% from a year earlier and +33% from the quarter before. Operating margin was 10.5%, net earnings $278M (7.6% of revenue).
Fidelity National Financial, Q2 2025: revenue $3.6B (+15% year over year), operating margin 10.5%, net earnings $278M, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | +33% | +15% |
| Operating profit | $382M | +244% | -17% |
| Net earnings | $278M | +235% | -9% |
| Operating cash flow | $1.9B | +70% | +39% |
What changed
Revenue was $3.6B in Q2 2025, up 15% year over year and up 33% from the previous quarter.
Operating profit was $0.38B, a 10.5% margin (down 4.0 points year over year). Operating profit fell $0.08B even though revenue rose $0.48B versus a year earlier, so costs grew faster than sales. Total costs grew 20% against revenue growth of 15%. Net earnings were $0.28B, down 9% year over year. The effective tax rate was 25.1%.
Operating cash flow was $1.9B (up 39% year over year), 647% of net income including minority interests. Non-cash charges added back $0.20B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $1.4B.
Questions
What was Fidelity National Financial's revenue in the second quarter 2025?
Fidelity National Financial (FNF) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), +15% from a year earlier and +33% from the quarter before.
Was Fidelity National Financial profitable in the second quarter 2025?
Operating profit was $382M (10.5% of revenue) and net earnings $278M.