FNF Financials Fidelity National Financial, Inc.

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 83 d ago 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$2.1B	$602M	0.0%	0.0%	8.1%	0.6%	—	$4.4B	$2.6B
2024	$1.9B	$1.3B	0.0%	0.0%	16.4%	1.3%	—	$4.3B	$3.5B
2023	$1.9B	$517M	0.0%	0.0%	7.5%	0.6%	—	$3.9B	$2.8B
2022	$2.2B	$1.3B	0.0%	0.0%	21.2%	2.0%	—	$3.2B	$2.3B
2021	$2.8B	$2.8B	0.0%	0.0%	29.7%	4.6%	—	$3.1B	$4.4B
2020	$2.4B	$1.4B	0.0%	0.0%	17.1%	2.8%	—	$2.7B	$2.7B
2019	$2.1B	$1.1B	0.0%	0.0%	19.7%	9.9%	—	$838M	$1.4B
2018	$2.2B	$628M	0.0%	0.0%	13.6%	6.8%	—	$836M	$1.3B
2017	—	$771M	—	—	17.3%	8.4%	—	$759M	$1.1B
2016	—	$650M	—	—	10.8%	4.5%	—	$987M	$1.3B
2015	—	$527M	—	—	9.2%	3.8%	—	$2.8B	$780M
2014	—	$583M	—	—	9.7%	4.2%	$384M	$2.8B	$700M
2013	—	$394M	—	—	7.8%	3.7%	$339M	$1.3B	$2.0B
2012	—	$607M	—	—	14.2%	6.1%	$541M	$1.3B	$1.1B
2011	—	$369M	—	—	10.2%	4.7%	$74M	$916M	$666M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Mar '26	$506M	$243M	0.0%	0.0%	3.3%	0.2%	—	$4.4B	$2.5B
Dec '25	$544M	-$117M	0.0%	0.0%	-1.6%	-0.1%	—	$4.4B	$2.6B
Sep '25	$553M	$358M	0.0%	0.0%	4.3%	0.3%	—	$4.4B	$3.5B
Jun '25	$547M	$278M	0.0%	0.0%	3.5%	0.3%	—	$4.4B	$3.3B
Mar '25	$455M	$83M	0.0%	0.0%	1.1%	0.1%	—	$4.4B	$4.5B
Dec '24	$493M	$450M	0.0%	0.0%	5.8%	0.5%	—	$4.3B	$3.5B
Sep '24	$506M	$266M	0.0%	0.0%	3.3%	0.3%	—	$4.2B	$5.0B
Jun '24	$504M	$306M	0.0%	0.0%	4.2%	0.3%	—	$4.2B	$4.9B
Mar '24	$421M	$248M	0.0%	0.0%	3.5%	0.3%	—	$3.9B	$3.5B
Dec '23	$430M	-$69M	0.0%	0.0%	-1.0%	-0.1%	—	$3.9B	$2.8B
Sep '23	$501M	$426M	0.0%	0.0%	6.9%	0.6%	—	$3.7B	$3.2B
Jun '23	$514M	$219M	0.0%	0.0%	3.5%	0.3%	—	$3.7B	$3.1B
Mar '23	$418M	-$59M	0.0%	0.0%	-1.0%	-0.1%	—	$3.7B	$2.8B
Dec '22	$451M	-$5M	0.0%	0.0%	-0.1%	-0.0%	—	$3.2B	$2.3B
Sep '22	$551M	$362M	0.0%	0.0%	6.3%	0.6%	—	$2.7B	$2.5B
Jun '22	$637M	$537M	0.0%	0.0%	8.0%	0.9%	—	$3.1B	$2.4B
Mar '22	$593M	$400M	0.0%	0.0%	5.0%	0.7%	—	$3.1B	$2.8B
Dec '21	$673M	$533M	0.0%	0.0%	5.7%	0.9%	—	$3.1B	$4.4B
Sep '21	$737M	$732M	0.0%	0.0%	7.8%	1.3%	—	$3.1B	$5.1B
Jun '21	$750M	$552M	0.0%	0.0%	6.2%	1.0%	—	$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 7.2× (Mar '23) to 21.1× (Sep '26).
The price-to-sales ratio has risen from 4.2× (Mar '23) to 6.0× (Sep '26).
The dividend yield has fallen from 5.2% (Mar '23) to 4.3% (Sep '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 Sep '26, Fidelity National Financial, Inc. traded at a price-to-earnings ratio of about 21.1× (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.