15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 2.6% per year over the past 5 years.
Net income has grown slower than revenue (-15.9% vs -2.6% per year).
Free cash flow has grown 73.1% per year over the past 5 years.
Financial health
Total debt ($4.4B) exceeds cash ($2.6B); net debt is $1.8B.
Total debt has grown faster than revenue (10.6% vs -2.6% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 90.7% of earnings.
The dividend has grown 7.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.1B
$602M
0.0%
0.0%
—
$4.4B
$2.6B
2024
$1.9B
$1.3B
0.0%
0.0%
—
$4.3B
$3.5B
2023
$1.9B
$517M
0.0%
0.0%
—
$3.9B
$2.8B
2022
$2.2B
$1.3B
0.0%
0.0%
—
$3.2B
$2.3B
2021
$2.8B
$2.8B
0.0%
0.0%
—
$3.1B
$4.4B
2020
$2.4B
$1.4B
0.0%
0.0%
—
$2.7B
$2.7B
2019
$2.1B
$1.1B
0.0%
0.0%
—
$838M
$1.4B
2018
$2.2B
$628M
0.0%
0.0%
—
$836M
$1.3B
2017
—
$771M
—
—
—
$759M
$1.1B
2016
—
$650M
—
—
—
$987M
$1.3B
2015
—
$527M
—
—
—
$2.8B
$780M
2014
—
$583M
—
—
$384M
$2.8B
$700M
2013
—
$394M
—
—
$339M
$1.3B
$2.0B
2012
—
$607M
—
—
$541M
$1.3B
$1.1B
2011
—
$369M
—
—
$74M
$916M
$666M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$506M
$243M
0.0%
0.0%
—
$4.4B
$2.5B
Dec '25
$544M
-$117M
0.0%
0.0%
—
$4.4B
$2.6B
Sep '25
$553M
$358M
0.0%
0.0%
—
$4.4B
$3.5B
Jun '25
$547M
$278M
0.0%
0.0%
—
$4.4B
$3.3B
Mar '25
$455M
$83M
0.0%
0.0%
—
$4.4B
$4.5B
Dec '24
$493M
$450M
0.0%
0.0%
—
$4.3B
$3.5B
Sep '24
$506M
$266M
0.0%
0.0%
—
$4.2B
$5.0B
Jun '24
$504M
$306M
0.0%
0.0%
—
$4.2B
$4.9B
Mar '24
$421M
$248M
0.0%
0.0%
—
$3.9B
$3.5B
Dec '23
$430M
-$69M
0.0%
0.0%
—
$3.9B
$2.8B
Sep '23
$501M
$426M
0.0%
0.0%
—
$3.7B
$3.2B
Jun '23
$514M
$219M
0.0%
0.0%
—
$3.7B
$3.1B
Mar '23
$418M
-$59M
0.0%
0.0%
—
$3.7B
$2.8B
Dec '22
$451M
-$5M
0.0%
0.0%
—
$3.2B
$2.3B
Sep '22
$551M
$362M
0.0%
0.0%
—
$2.7B
$2.5B
Jun '22
$637M
$537M
0.0%
0.0%
—
$3.1B
$2.4B
Mar '22
$593M
$400M
0.0%
0.0%
—
$3.1B
$2.8B
Dec '21
$673M
$533M
0.0%
0.0%
—
$3.1B
$4.4B
Sep '21
$737M
$732M
0.0%
0.0%
—
$3.1B
$5.1B
Jun '21
$750M
$552M
0.0%
0.0%
—
$2.7B
$3.5B
Valuation over time
How the market has priced FNF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 7.3× (Mar '23) to 20.6× (Jun '26).
The price-to-sales ratio has risen from 4.2× (Mar '23) to 5.9× (Jun '26).
The dividend yield has fallen from 5.2% (Mar '23) to 4.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FNF growing its revenue and profit?
Over the past 5 years, Fidelity National Financial, Inc.'s revenue has declined 2.6% per year, and net income declined 15.9% per year. These are computed facts, not advice.
How much debt does FNF have?
As of FY2025, Fidelity National Financial, Inc. reported $4.4B of total debt against $2.6B of cash.
What is FNF's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 28.7%.
What is FNF's P/E ratio?
As of Jun '26, Fidelity National Financial, Inc. traded at a price-to-earnings ratio of about 20.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.