Fidelity National Financial Past Earnings Performance
Past criteria checks 1/6
Fidelity National Financial's earnings have been declining at an average annual rate of -27%, while the Insurance industry saw earnings growing at 14.6% annually. Revenues have been growing at an average rate of 0.09% per year. Fidelity National Financial's return on equity is 10.5%, and it has net margins of 5.1%.
Key information
-26.95%
Earnings growth rate
-25.32%
EPS growth rate
| Insurance Industry Growth | 8.02% |
| Revenue growth rate | 0.088% |
| Return on equity | 10.52% |
| Net Margin | 5.09% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 16
FNF: AI And Title Margin Resilience Will Support Future Upside
Analysts have trimmed their average price target on Fidelity National Financial by a few dollars, citing recent Street research updates that reflect more cautious assumptions while leaving the core valuation framework broadly unchanged. Analyst Commentary Recent research updates on Fidelity National Financial show analysts trimming price targets by US$3 to US$9, with commentary that keeps the underlying valuation approach largely intact but adjusts assumptions to reflect a more cautious stance on execution and growth.Seeking Alpha • Jun 12
Fidelity National Financial: Strong Title Margins And F&G Growth Create An Attractive Setup For 2026
Summary Fidelity National Financial (FNF) is my top pick for 2026, offering compelling value amid low market expectations and cyclical headwinds. FNF's Title segment achieved record margins and robust revenue growth, while F&G's AUM reached $74.5 billion, up 11% year-over-year. Despite Q1 2026 revenue and EPS misses, operational efficiencies, capital returns, and technology investments support a bullish outlook and potential for upward earnings revisions. My DCF analysis yields an intrinsic value of ~$320/share, indicating the market undervalues FNF's resilient business model and long-term cash flow generation. Read the full article on Seeking AlphaNarrative Update • Jun 02
FNF: AI Driven Margin Gains Will Support Future Upside
Narrative Update Analysts have trimmed their price targets on Fidelity National Financial by about $1.40 per share, citing updated assumptions around revenue growth, margins, and future P/E expectations. Analyst Commentary Recent Street research has focused on revisiting assumptions and tightening valuation frameworks for Fidelity National Financial, with several firms reducing their price targets by between US$3 and US$9 per share.Analysis Article • May 13
Earnings Miss: Here's What Fidelity National Financial, Inc. (NYSE:FNF) Analysts Are Forecasting For This Year
Fidelity National Financial, Inc. ( NYSE:FNF ) just released its latest first-quarter report and things are not looking...
New Narrative • May 12
AI Integration And Real Estate Cycles Will Shape Future Earnings Stability
Catalysts About Fidelity National Financial Fidelity National Financial provides title insurance, escrow and related services, and also owns a majority stake in F&G, a retirement and life insurance business. What are the underlying business or industry changes driving this perspective?Narrative Update • May 08
FNF: Share Repurchases And Higher Margins Will Support Future Upside
Narrative update on Fidelity National Financial The analyst price target for Fidelity National Financial has been reduced by $5. Analysts cite updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E, in line with recent cuts from Deutsche Bank, Keefe Bruyette, and Barclays.Narrative Update • Apr 24
FNF: Share Repurchases And Mortgage Tailwinds Will Support Future Upside
Analysts have trimmed the implied fair value for Fidelity National Financial by about $1 to $64.60, reflecting recent reductions to Street price targets. These include cuts of $4 and $9 that cite updated assumptions on the stock's future P/E and earnings power.Narrative Update • Apr 07
FNF: Mortgage Tailwinds And Share Repurchases Will Support Future Upside
Analysts have trimmed their average price target for Fidelity National Financial by about $1.80 to reflect more conservative valuation assumptions, including a slightly lower future P/E multiple, while keeping revenue growth and profit margin expectations essentially unchanged. Analyst Commentary Recent research updates around Fidelity National Financial point to a mixed but generally constructive view on the shares, with modest target changes reflecting fine tuning rather than a shift in core expectations.Narrative Update • Mar 24
FNF: Benign Credit And 2026 Mortgage Tailwinds Will Support Upside
Narrative Update on Fidelity National Financial Analysts' targets for Fidelity National Financial have shifted modestly, with one firm moving to $71 from $70 and another to $63 from $64. These changes reflect differing views on the impact of a benign credit backdrop and a potentially stronger mortgage origination market in 2026.Narrative Update • Mar 09
FNF: Benign Credit Outlook And Buybacks Will Support Upside Into 2026
The updated analyst price target for Fidelity National Financial shifts modestly lower to $67.20 from $69.60, as analysts factor in higher modeled revenue growth alongside slightly lower profit margin and future P/E assumptions, informed by recent mixed target revisions in Street research. Analyst Commentary Recent Street research on Fidelity National Financial reflects a mix of optimism and caution, with updated price targets clustering in the low to low mid US$60s, alongside one higher target in the low US$70s.Narrative Update • Feb 23
FNF: Benign Credit Outlook Into 2026 Signals Potential Upside Opportunity
Analysts have trimmed their price target on Fidelity National Financial by $0.65 to $69.60. This reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E, alongside sector research that factors in a more constructive outlook for credit and mortgage origination conditions into 2026.Analysis Article • Aug 08
Fidelity National Financial, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
NYSE:FNF 1 Year Share Price vs Fair Value Explore Fidelity National Financial's Fair Values from the Community and...Seeking Alpha • Apr 22
Fidelity National Financial: Well Priced Insurer, Steady Compounder
Summary Fidelity National Financial underwrites title insurance and has a controlling interest in an annuities and life insurance business. The title segment, which is the larger of the two, is cyclical but supported by a regime of rate cuts to come, which should boost real estate transactions. Annuity sales growth is supported by the aging population of the U.S. and related demand for retirement products like annuities. Risks come from flat or rising interest rates, as well as a recession that may more than overwhelm the benefits of rate cuts for distressed lenders. Read the full article on Seeking AlphaSeeking Alpha • Feb 04
Fidelity National Financial: Buy High Quality At A Discount
Summary Fidelity National Financial remains an attractive buy, due to its dominant market position, strategic diversification, and robust dividend growth. The company is well-positioned for sustained profitability through technology investments, AI-driven efficiencies, and a solid balance sheet with a 3.4% dividend yield. FNF appears undervalued with a forward PE below its historical average, offering significant upside potential from AUM growth and commercial sector recovery. Read the full article on Seeking AlphaSeeking Alpha • Nov 20
Fidelity National Financial: Strong And Safe Dividend Despite Housing Market
Summary Fidelity National Financial is poised to benefit from a housing market recovery by 2026 and the secular trend of an aging population boosting F&G sales. Despite current market lows, FNF maintains strong shareholder returns with a 3.3% dividend and a recent 4% increase, showcasing resilience. FNF's title insurance business holds a significant market share and stable pre-tax margins, while F&G's non-cyclical revenue base supports overall financial stability. FNF's strategic M&A and robust financials, including $7.4 billion in free cash flow, position it well for future growth and dividend sustainability. Read the full article on Seeking AlphaSeeking Alpha • Nov 09
Fidelity National: Q3 Refinancing Surge May Be Short-Lived
Summary Fidelity National Financial (FNF) has seen muted mortgage activity but benefits from its stake in F&G Annuities, which has risen over 25%. Title revenue improved but remains 30% below peak levels; margins compressed due to higher loss ratios and subdued housing transactions. Rising mortgage rates may hinder refinancing activity, impacting FNF's title business; no share repurchases expected until rates stabilize around 6%. FNF's dividend yield is 3.3%, but with limited capital return options, I recommend looking elsewhere for better investment opportunities. Read the full article on Seeking Alpha
New Narrative • Aug 21
Innovative Tech And Strategic Investments Set To Propel FNF's Margin Expansion And Revenue Surge
Strategic investments in innovative technologies and digital platforms are set to improve operational efficiency and expand margins, securing a competitive advantage.Seeking Alpha • Aug 07
Fidelity National Likely Needs Lower Rates To Continue Its Rally (Rating Downgrade)
Summary Fidelity's Q2 results were mixed, with EPS missing estimates by $0.07, given relatively weak mortgage transaction activity. Fidelity's title business saw modest improvement in pricing and volumes, with lower creating the potential for further growth. Declining rates could boost FNF's results, but interest rates may now be over-pricing potential Fed easing, prompting my recommendation to sell positions. Read the full article on Seeking AlphaSeeking Alpha • May 14
High Rates Likely Limit Fidelity National Financial's Upside
Summary Fidelity National Financial's stock has risen by 50% in the past year, driven by its majority stake in F&G Annuities & Life. The company's core title insurance business has struggled due to slower home sales and elevated rates, which have reduced mortgage activity. Any rebound is likely to be slow, and at 12.7x earnings excluding F&G, FNF is fairly valued. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Fidelity National Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 14,964 | 762 | 3,624 | 0 |
| 31 Dec 25 | 14,505 | 602 | 3,567 | 0 |
| 30 Sep 25 | 14,060 | 1,169 | 3,502 | 0 |
| 30 Jun 25 | 13,634 | 1,077 | 3,413 | 0 |
| 31 Mar 25 | 13,166 | 1,105 | 3,325 | 0 |
| 31 Dec 24 | 13,714 | 1,270 | 3,282 | 0 |
| 30 Sep 24 | 13,530 | 751 | 3,195 | 0 |
| 30 Jun 24 | 12,711 | 911 | 3,119 | 0 |
| 31 Mar 24 | 12,609 | 824 | 3,095 | 0 |
| 31 Dec 23 | 11,788 | 517 | 3,045 | 0 |
| 30 Sep 23 | 10,928 | 581 | 3,042 | 0 |
| 30 Jun 23 | 11,357 | 517 | 3,104 | 0 |
| 31 Mar 23 | 10,913 | 835 | 3,188 | 0 |
| 31 Dec 22 | 11,606 | 1,294 | 3,334 | 0 |
| 30 Sep 22 | 13,824 | 1,832 | 3,529 | 0 |
| 30 Jun 22 | 14,501 | 2,205 | 3,627 | 0 |
| 31 Mar 22 | 15,716 | 2,214 | 3,678 | 0 |
| 31 Dec 21 | 15,647 | 2,789 | 3,667 | 0 |
| 30 Sep 21 | 14,611 | 2,684 | 3,609 | 0 |
| 30 Jun 21 | 13,707 | 2,355 | 3,497 | 0 |
| 31 Mar 21 | 12,283 | 2,113 | 3,299 | 0 |
| 31 Dec 20 | 10,815 | 1,452 | 3,101 | 0 |
| 30 Sep 20 | 9,413 | 989 | 2,951 | 0 |
| 30 Jun 20 | 8,667 | 833 | 2,871 | 0 |
| 31 Mar 20 | 8,377 | 795 | 2,864 | 0 |
| 31 Dec 19 | 8,477 | 1,062 | 2,842 | 0 |
| 30 Sep 19 | 7,813 | 766 | 2,591 | 0 |
| 30 Jun 19 | 7,647 | 752 | 2,543 | 0 |
| 31 Mar 19 | 7,626 | 737 | 2,523 | 0 |
| 31 Dec 18 | 7,601 | 628 | 2,538 | 0 |
| 30 Sep 18 | 7,860 | 840 | 2,564 | 0 |
| 30 Jun 18 | 7,772 | 756 | 2,537 | 0 |
| 31 Mar 18 | 7,711 | 554 | 2,498 | 0 |
| 31 Dec 17 | 7,668 | 507 | 2,460 | 0 |
| 30 Sep 17 | 6,623 | 466 | 2,297 | 0 |
| 30 Jun 17 | 6,903 | 460 | 2,300 | 0 |
| 31 Mar 17 | 6,857 | 561 | 2,192 | 0 |
| 31 Dec 16 | 7,260 | 584 | 2,275 | 0 |
| 30 Sep 16 | 8,614 | 513 | 2,478 | 0 |
| 30 Jun 16 | 8,739 | 517 | 2,528 | 0 |
| 31 Mar 16 | 9,127 | 527 | 2,700 | 0 |
| 31 Dec 15 | 6,648 | 480 | 2,137 | 0 |
| 30 Sep 15 | 8,957 | 780 | 2,595 | 0 |
| 30 Jun 15 | 8,658 | 757 | 2,541 | 0 |
Quality Earnings: FNF has high quality earnings.
Growing Profit Margin: FNF's current net profit margins (5.1%) are lower than last year (8.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FNF's earnings have declined by 27% per year over the past 5 years.
Accelerating Growth: FNF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FNF had negative earnings growth (-31%) over the past year, making it difficult to compare to the Insurance industry average (36.2%).
Return on Equity
High ROE: FNF's Return on Equity (10.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/29 07:37 |
| End of Day Share Price | 2026/06/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fidelity National Financial, Inc. is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bruce Harting | Barclays |
| Terry Ma | Barclays |
| Ryan Byrnes | Brean Capital Historical (Janney Montgomery) |