First American Financial Corp (FAF) Financial Statements
Industry: Title Insurance
In fiscal 2025, First American Financial reported revenue of $7.45B, up 21.6% from $6.13B the year before. Net income was $621.8M (a 8.3% net margin), or $6.00 per diluted share. Gross margin was 11.1% and operating margin was 8.2%. Operating activities generated $950.8M of cash, leaving $762.5M of free cash flow. At fiscal year end, First American Financial held $16.23B in total assets against $10.70B in total liabilities, including $1.39B of cash and equivalents.
Open the full interactive First American Financial financials → Quarterly statements, key ratios, valuation history and price charts.
First American Financial Key Stats
| Share Price | $62.17 |
|---|---|
| Market Cap | $6.40B |
| P/E Ratio | 10.4 |
| Dividend Yield | 3.50% |
| Revenue YoY Growth | +21.6% |
| 52-Week Range | $55.86 – $78.43 |
| Shares Outstanding | 102.6 million (basic, 2026 Q2) |
First American Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.09B | $9.22B | $7.61B | $6.00B | $6.13B | $7.45B |
| Cost of Goods Sold | $6.16B | $7.58B | $7.28B | $5.73B | $5.96B | $6.63B |
| Gross Profit | $923.3M | $1.64B | $326.0M | $274.4M | $165.4M | $826.2M |
| Operating Income | $774.3M | $1.48B | $159.0M | $85.9M | -$42.0M | $610.0M |
| Pre-Tax Income | $923.3M | $1.64B | $326.0M | $274.4M | $165.4M | $826.2M |
| Income Tax | $222.8M | $393.0M | $61.0M | $58.9M | $32.8M | $201.0M |
| Net Income | $696.4M | $1.24B | $263.0M | $216.8M | $131.1M | $621.8M |
| Diluted EPS | $6.16 | $11.14 | $2.45 | $2.07 | $1.26 | $6.00 |
First American Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.98B | $2.05B | $1.84B | $2.12B |
| Net Income | $189.6M | $211.9M | $125.1M | $218.5M |
| Diluted EPS | $1.84 | $2.04 | $1.21 | $2.12 |
First American Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.28B | $1.23B | $1.22B | $3.61B | $1.72B | $1.39B |
| Total Assets | $12.80B | $16.45B | $14.96B | $16.80B | $14.91B | $16.23B |
| Total Long-Term Debt | $1.01B | $1.65B | $1.65B | $1.39B | $1.55B | $1.55B |
| Total Liabilities | $7.87B | $10.67B | $10.27B | $11.94B | $9.98B | $10.70B |
| Shareholders' Equity | $4.91B | $5.77B | $4.67B | $4.85B | $4.91B | $5.50B |
First American Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.08B | $1.22B | $780.0M | $354.3M | $897.5M | $950.8M |
| Cash From Investing | -$1.42B | -$3.39B | -$395.0M | $599.5M | -$458.7M | -$1.46B |
| Cash From Financing | $113.9M | $2.13B | -$376.0M | $1.42B | -$2.31B | $161.2M |
| Free Cash Flow | $970.6M | $1.06B | $520.0M | $90.9M | $679.2M | $762.5M |
| Dividends Paid | $198.7M | $213.0M | $217.0M | $216.6M | $220.7M | $223.0M |
Figures from First American Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full First American Financial financials page for every line item.
First American Financial Company Profile
| Ticker | FAF |
|---|---|
| Exchange | NYSE |
| Industry | Title Insurance |
| Headquarters | Santa Ana, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001472787 |
Frequently Asked Questions
What was First American Financial's revenue in fiscal 2025?
First American Financial (FAF) reported revenue of $7.45B for fiscal 2025.
What is First American Financial's annual revenue history?
First American Financial's annual revenue by fiscal year: 2020: $7.09B; 2021: $9.22B; 2022: $7.61B; 2023: $6.00B; 2024: $6.13B; 2025: $7.45B.
What was First American Financial's net income in fiscal 2025?
First American Financial reported net income of $621.8M for fiscal 2025.
What was First American Financial's earnings per share (EPS) in fiscal 2025?
First American Financial's diluted EPS was $6.00 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did First American Financial generate in fiscal 2025?
First American Financial generated $762.5M of free cash flow in fiscal 2025.
What was First American Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), First American Financial reported revenue of $2.12B.
How much debt does First American Financial have?
First American Financial reported $1.55B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of First American Financial are outstanding?
First American Financial reported a weighted average of 102.6 million basic shares outstanding in 2026 Q2.
What is First American Financial's market cap?
Based on its latest closing price, First American Financial (FAF) has a market capitalization of about $6.40B.
When does First American Financial's fiscal year end?
First American Financial's fiscal year end, as registered with the SEC, is December 31.
Where is First American Financial headquartered?
First American Financial lists its business address in Santa Ana, California in its SEC filings.