FNF financial statements

The full income statement, balance sheet, and cash-flow statement for Fidelity National Financial Inc. (FNF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 273.5M2024-09 273.6M2024-12 275.0M2025-03 274.6M2025-06 271.7M2025-09 271.1M2025-12 271.1M2026-03 269.2M2026-06 268.2M-1.9% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	14.4B YoY+5.6%	13.7B YoY+16.4%	11.8B YoY+1.6%	11.6B YoY-26.1%	15.7B YoY+45.2%
Amortization of intangibles	203M YoY+8.6%	187M YoY+23.0%	152M YoY+13.4%	134M YoY-1.5%	136M YoY-1.4%
Interest expense	—	209M YoY+20.1%	174M YoY+51.3%	115M YoY+0.9%	114M YoY+26.7%
Equity-method income	35.0M YoY+118.8%	16.0M YoY-5.9%	17.0M YoY+13.3%	15.0M YoY-76.6%	64.0M YoY+326.7%
Pre-tax income	1.40B YoY-19.8%	1.74B YoY+151.4%	693M YoY-59.9%	1.73B YoY-51.4%	3.56B YoY+99.4%
Income tax	753M YoY+105.2%	367M YoY+91.1%	192M YoY-56.3%	439M YoY-46.0%	813M YoY+152.5%
	602M YoY-52.6%	1.27B YoY+145.6%	517M YoY-60.0%	1.29B YoY-53.7%	2.80B YoY+96.0%
Discontinued operations	—	—	0.00	0.00 YoY-100.0%	8.00M YoY+132.0%
Net income to non-controlling interest	77.0M YoY-36.4%	121M YoY+12000.0%	1.00M YoY-91.7%	12.0M YoY-40.0%	20.0M YoY-20.0%
	$2.21 YoY-52.5%	$4.65 YoY+143.5%	$1.91 YoY-59.1%	$4.67 YoY-52.1%	$9.75 YoY+95.4%
EPS (basic)	$2.22 YoY-52.7%	$4.69 YoY+145.5%	$1.91 YoY-59.4%	$4.71 YoY-52.0%	$9.81 YoY+95.4%
	271M YoY+0.0%	271M YoY+0.4%	270M YoY-1.8%	275M YoY-3.5%	285M YoY+0.4%
	272M YoY-0.4%	273M YoY+0.7%	271M YoY-2.2%	277M YoY-3.5%	287M YoY+0.3%
Dividends per share	$2.02 YoY+4.1%	$1.94 YoY+6.0%	$1.83 YoY+3.4%	$1.77 YoY+13.5%	$1.56 YoY+16.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	2.64B YoY-24.2%	3.48B YoY+25.7%	2.77B YoY+21.0%	2.29B YoY-47.6%	4.36B YoY+60.4%
	109B YoY+14.4%	95.3B YoY+18.2%	80.6B YoY+23.7%	65.1B YoY+6.2%	61.3B YoY+21.6%
Property, plant & equipment	189M YoY+9.2%	173M YoY+3.0%	168M YoY-6.1%	179M YoY-3.2%	185M YoY+2.8%
Operating lease right-of-use	336M YoY-4.3%	351M YoY+0.9%	348M YoY-7.4%	376M YoY+0.0%	376M YoY+0.5%
Goodwill	5.27B YoY+0.0%	5.27B YoY+9.1%	4.83B YoY+4.2%	4.63B YoY+2.3%	4.53B YoY+0.8%
Intangible assets	917M YoY-84.7%	5.98B YoY+29.2%	4.63B YoY+21.4%	3.81B YoY+628.7%	523M YoY-3.1%
Deferred revenue	95.0M YoY+3.3%	92.0M	—	166M	—
	100B YoY+15.3%	86.7B YoY+18.6%	73.2B YoY+24.9%	58.6B YoY+14.3%	51.2B YoY+21.8%
Long-term debt	4.40B YoY+1.8%	4.32B YoY+11.2%	3.89B YoY+20.0%	3.24B YoY+4.6%	3.10B YoY+16.3%
Operating lease liability (total)	368M YoY-4.4%	385M YoY-2.3%	394M YoY-5.7%	418M YoY+1.0%	414M YoY+0.0%
Deferred tax liabilities	439M	0.00 YoY-100.0%	29.0M YoY-59.2%	71.0M YoY-65.4%	205M YoY-31.7%
	7.42B YoY-4.3%	7.75B YoY+12.2%	6.91B YoY+12.9%	6.12B YoY-35.0%	9.41B YoY+12.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	6.04B YoY+1.1%	5.98B YoY+1.1%	5.91B YoY+0.7%	5.87B YoY+1.0%	5.81B YoY+1.6%
Retained earnings	5.48B YoY-8.3%	5.98B YoY+14.1%	5.24B YoY+0.4%	5.22B YoY+19.6%	4.37B YoY+82.5%
Treasury stock	2.42B YoY+12.6%	2.15B YoY+1.0%	2.13B YoY+1.0%	2.11B YoY+36.5%	1.54B YoY+44.8%
Accumulated other comprehensive income	-1.68B YoY+18.2%	-2.05B YoY+3.2%	-2.12B YoY+26.2%	-2.87B YoY-468.4%	779M YoY-40.3%
Non-controlling interest	1.55B YoY+99.0%	778M YoY+40.9%	552M YoY+21.9%	453M YoY+953.5%	43.0M YoY+4.9%
Total equity incl. non-controlling	8.97B YoY+5.2%	8.53B YoY+14.4%	7.46B YoY+13.6%	6.57B YoY-34.3%	10.0B YoY+17.8%
Total liabilities & equity	109B YoY+14.4%	95.3B YoY+18.2%	80.6B YoY+23.7%	65.1B YoY+7.3%	60.7B YoY+20.3%
	332M YoY+0.3%	331M YoY+0.6%	329M YoY+0.4%	328M YoY+0.7%	325M YoY+0.9%
	271M YoY-1.5%	275M YoY+0.7%	273M YoY+0.3%	272M YoY-4.0%	284M YoY-2.6%
	271M YoY-1.4%	275M YoY+0.7%	273M YoY+0.4%	272M YoY-4.0%	284M YoY-2.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.83B YoY-14.5%	6.82B YoY+5.2%	6.48B YoY+48.7%	4.36B YoY+6.5%	4.09B YoY+159.2%
Depreciation & amortization	844M YoY+14.2%	739M YoY+24.6%	593M YoY+20.8%	491M YoY+13.7%	432M YoY+45.9%
Intangible amortization	203M YoY+8.6%	187M YoY+23.0%	152M YoY+13.4%	134M YoY-1.5%	136M YoY-1.4%
Share-based compensation	88.0M YoY+7.3%	82.0M YoY+36.7%	60.0M YoY+22.4%	49.0M YoY+16.7%	42.0M
Deferred income taxes	638M YoY+9014.3%	7.00M YoY+114.3%	-49.0M YoY-145.4%	108M YoY-31.2%	157M YoY+375.4%
Change in receivables	14.0M YoY-67.4%	43.0M YoY+216.2%	-37.0M YoY+79.2%	-178M YoY-248.3%	120M YoY+44.6%
	-8.93B YoY-13.6%	-7.86B YoY+13.5%	-9.09B YoY+13.6%	-10.5B YoY-41.3%	-7.45B YoY-219.6%
Acquisitions	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Sales/maturities of investments	15.0B YoY+22.1%	12.3B YoY+108.9%	5.88B YoY-7.3%	6.34B YoY-35.3%	9.80B YoY+172.7%
Proceeds from sale of PP&E	—	—	—	—	0.00 YoY-100.0%
Other investing activities	-5.00M YoY+82.1%	-28.0M YoY-833.3%	-3.00M YoY+78.6%	-14.0M YoY-75.0%	-8.00M YoY-60.0%
	2.26B YoY+28.7%	1.76B YoY-43.1%	3.09B YoY-24.5%	4.09B YoY-18.1%	5.00B YoY+138.5%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00 YoY-100.0%	250M	0.00 YoY-100.0%	400M	0.00 YoY-100.0%
Common stock issued	117M	0.00	0.00	0.00 YoY-100.0%	449M YoY-64.0%
Common stock repurchased	251M	0.00 YoY-100.0%	6.00M YoY-98.9%	553M YoY+19.4%	463M YoY+96.2%
Dividends paid	546M YoY+2.6%	532M YoY+6.4%	500M YoY+2.2%	489M YoY+9.6%	446M YoY+14.7%
Other financing activities	—	—	—	—	0.00
Net change in cash	-843M YoY-218.4%	712M YoY+48.0%	481M YoY+123.2%	-2.07B YoY-226.4%	1.64B YoY+22.2%
Interest paid	229M YoY+14.5%	200M YoY+27.4%	157M YoY+25.6%	125M YoY+11.6%	112M YoY+53.4%
Income taxes paid	250M YoY+5.5%	237M YoY+9.7%	216M YoY-44.2%	387M YoY-40.7%	653M YoY+107.3%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	14.8B YoY-0.6%	14.9B YoY+11.2%	13.4B YoY+35.6%	9.87B YoY-28.0%	13.7B YoY+30.0%
P/E	24.6× YoY+109.7%	11.7× YoY-49.1%	23.0× YoY+415.2%	4.5× YoY-8.8%	4.9× YoY-33.7%
P/S	1.0× YoY-5.8%	1.1× YoY-11.6%	1.2× YoY+72.3%	0.7× YoY-18.5%	0.9× YoY-10.5%
P/B	2.0× YoY+3.8%	1.9× YoY-11.7%	2.2× YoY+25.8%	1.7× YoY+18.6%	1.5× YoY+15.3%
P/FCF	22.4× YoY-0.6%	22.6× YoY+11.2%	20.3× YoY+35.6%	15.0× YoY-28.0%	20.8× YoY+30.0%
	4.1% YoY-52.3%	8.5% YoY+96.6%	4.3% YoY-80.6%	22.4% YoY+9.7%	20.4% YoY+50.8%
	4.5% YoY+0.6%	4.4% YoY-10.1%	4.9% YoY-26.3%	6.7% YoY+39.0%	4.8% YoY-23.1%
	3.7% YoY+3.3%	3.6% YoY-3.7%	3.7% YoY-23.8%	4.9% YoY+51.3%	3.2% YoY-12.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: FNF's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FNF filings on SEC EDGAR → Not investment advice.