How Fidelity National Financial makes money

Period

FY2025

How does Fidelity National Financial make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Fidelity National Financial Inc. · FY2025 · year ended 2025-12-31

Revenue$14.4BGross profit$14.4B · 100%Cost of revenue$0 · 0%Operating income$14.4B · 100%Operating expenses$0 · 0%Pre-tax income$1.4B · 9%Other expense$13.1B · 91%Net income$602M · 4%Income tax$753M · 5%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.