Fidelity National Financial (FNF)
NYSE:FNF
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.47Last Year’s EPS
1.12Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: significant YoY earnings and margin improvement in the Title segment, revenue and order momentum (including notable commercial strength), F&G AUM and sales growth, active capital returns, and accelerating AI adoption expected to lift margins further. Counterbalancing these positives are meaningful near‑term risks: sensitivity of refinance volumes to rising mortgage rates, F&G alternatives underperformance weighing on returns, elevated personnel and operating costs, reduced holding company cash after buybacks/dividends, and some continuing net recognized losses. On balance, the company demonstrated robust execution and healthy fundamentals that outweigh the transitory and market‑driven headwinds discussed on the call.Company Guidance
Strong Title Earnings and Margin Expansion
Adjusted pre-tax Title earnings of $268 million, up 27% year-over-year; adjusted pre-tax Title margin of 13.1% in Q1, up 140 basis points from 11.7% in prior-year quarter (company reiterated 15%–20% annual target and noted full‑year 2025 margin of 15.9%).
Consolidated Revenue and Earnings Growth
Consolidated total revenue of $3.2 billion (or $3.3 billion excluding net recognized gains/losses) versus $3.0 billion prior-year comparable; reported net earnings of $243 million versus $83 million in 2025; adjusted net earnings of $249 million, or $0.93 per diluted share, versus $213 million, or $0.78 per share in 2025.
Order and Volume Momentum
Total orders opened averaged 6,400 per day in Q1 (January 5,900; February 6,500; March 6,600); April averaged 6,200 orders per day, up 7% year-over-year. Refinance orders opened were 2,000 per day in Q1 (up 52% YoY) and moderated to 1,600 per day in April (April up ~13% YoY). Commercial orders opened averaged 906 per day (up ~5% YoY).
Commercial Revenue Strength
Direct commercial revenue of $338 million in Q1, up 15% versus $293 million in 2025; national commercial revenues up 22% and local commercial revenues up 8%; company highlighted a diversified pipeline across industrial, data centers, multifamily, affordable housing, retail, and energy.
Segment Margin Improvements Across Operations
Notable margin improvements across Title operations: Direct operations ~20% margin (up ~100 bps), Agency ~7% margin (up ~100 bps), National Commercial ~27% (up from 24%), ServiceLink centralized refinance/default ~23% (up from 18% prior year) and Home Warranty ~16% (up from 14%).
F&G Growth and Capital Progress
F&G assets under management before reinsurance increased to $74.5 billion, up 11% year-over-year. F&G reported gross sales of $3.2 billion (vs $2.9B prior) and net sales of $2.2 billion in Q1. GAAP equity (excluding AOCI) $6.2 billion and book value per share excluding AOCI rose to $46.51 (up ~70% since 2020 acquisition). F&G delivered $80 million of adjusted net earnings to FNF (reflecting current ownership).
Capital Return and Active Buybacks
Fidelity National Financial returned approximately $222 million of capital to shareholders in Q1 (common dividends $140 million and share repurchases $82 million) versus $161 million in 2025; management indicated continued buyback activity and opportunistic repurchases when appropriate.
Technology and AI Adoption
Company emphasized heavy investment in technology and AI: proprietary transactional data, responsible AI governance, and more than half of workforce regularly using AI tools. Management expects AI and automation to drive incremental margin uplift even in a flat transaction environment.
FNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $51.29 | $50.27 | -1.99% |
Feb 19, 2026 | $53.62 | $51.56 | -3.84% |
Nov 06, 2025 | $51.53 | $53.89 | +4.56% |
Aug 06, 2025 | $54.49 | $54.25 | -0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fidelity National Financial (FNF) report earnings?
Fidelity National Financial (FNF) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Fidelity National Financial (FNF) earnings time?
Fidelity National Financial (FNF) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FNF EPS forecast?
FNF EPS forecast for the fiscal quarter 2026 (Q2) is 1.47.