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Other financials

Income statement

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Revenue$3.2B+18.2%
Net income$243.0M+193%
EPS (diluted)$0.90+200%

Balance sheet

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Cash & equivalents$2.5B-45.0%
Total debt$4.8B-0.7%
Total equity$7.3B-8.1%
Total assets$111.50B+13.5%

Cash flow

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Operating cash flow$875.0M-21.5%

Valuation

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Market cap$13.75B-13.9%
Enterprise value$16.06B-8.3%
P/E14.3×
P/S0.9×-0.3×

Profitability

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Net margin8.3%

Returns & leverage

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Return on equity14.2%
Debt / equity0.7×0.0×

Where this comes from

Reported directly by Fidelity National Financial in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsTaxCreditCarryforwards.

The source filing: Fidelity National Financial’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 5:24 PM EST
Fiscal year
FY2025
Accession
0001331875-26-000026

As of December 31, 2025 and 2024, we had $176 million and $204 million of tax credits, respectively, some of which have expiration dates and will begin to expire between 2029 and 2044. The credits primarily consist of general business credits and corporate alternative minimum tax credits, including $124 million associated with our F&G segment's life insurance business. Our corporate alternative minimum tax credit has an indefinite life. We anticipate the remainder of the credits will be utilized prior to expiration with the exception of $31 million relating primarily to general business credits in our Title segment which have a corresponding $31 million valuation allowance recorded.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Fidelity National Financial's F&G — tax credits?
Fidelity National Financial (FNF) reported F&G — tax credits of $124M in Q4 2025.
What does F&G — tax credits mean?
The total value of tax credits available to the segment to reduce its income tax liability. These are direct reductions in tax payable rather than deductions from taxable income.

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