NYSE$FAF

First American Financial Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

First American Financial reported Q3 2025 revenues of $1.98B with net income attributable to the company of $190M and diluted EPS of $1.84.

Revenues were $1.98 billion as title insurance and related services grew. Net income attributable to the company was $189.6 million versus a loss a year ago; diluted EPS was $1.84. Commercial and residential transaction volumes supported the rebound.

  • Q3 revenues $1.98B.
  • Net income to company $190M; diluted EPS $1.84.
  • Title premiums and escrow fees expanded with transaction activity.
  • Housing turnover and commercial deal flow remain outlook drivers.

Headline financials

Total Revenue

$1.98B

Previous: $1.37B+44.9%
EPS (adj)

$1.84

Previous: $1.34+37.3%
Title Open Orders

191.3K

No prior period
Title Closed Orders

141.8K

No prior period
Commercial Revenues

$246M

No prior period
Average Revenue per Order

$3.8K

No prior period
Title Insurance Pretax Margin

12.9%

No prior period
Home Warranty Pretax Margin

14.1%

No prior period
Debt-to-Capital Ratio

33.0%

No prior period
Cash Flow from Operations

$273M

No prior period
Effective Tax Rate

23.1%

No prior period
Title Insurance Adjusted Pretax Margin

12.9%

No prior period
Home Warranty Adjusted Pretax Margin

13.5%

No prior period
Commercial Open Orders

28.2K

No prior period
Commercial Closed Orders

15.3K

No prior period
Commercial Average Revenue per Order

$16.1K

No prior period
Home Warranty Claim Loss Rate

47.0%

No prior period
Net Income

$190M

Previous: $116M+63.4%
Operating Income

$247M

No prior period

Revenue & EPS history

First American · Revenue · Quarterly

$1.98B

Q3 2025+44.9%vs Q3 2024
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

First American · $1.63B total across 2 segments · Q3 2023

  • Title Insurance and Services
    $1.52B-19.0%
  • Home Warranty
    $108M+3.0%

Forward guidance

The filing discusses First American Financial's outlook, including capital allocation, operating priorities, and market risks relevant to the reported quarter.

Tailwinds

  • First American Financial cites operational priorities and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.2%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+1.7%

Avg return

30 days after

59%

40 / 68 earnings

Positive

+10.6%

Q1 2020

Best reaction

-7.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.5%+6.1%+2.5%
Q4 2025+2.8%+5.7%+2.1%
Q3 2025+3.2%+2.3%+5.2%
Q2 2025-2.1%-1.8%+2.5%
Q1 2025+4.9%+2.8%-6.8%
Q3 2024-0.4%-0.3%+5.4%
Q2 2024-0.2%+2.9%+10.2%
Q1 2024-6.7%-6.9%-5.6%
Q4 2023-0.6%+1.5%-6.0%
Q3 2023+0.3%+2.8%+16.1%
Q2 2023+4.9%+5.1%+0.1%
Q1 2023+4.2%+3.4%-0.1%
Q4 2022-2.2%-0.6%-13.9%
Q3 2022+8.5%+8.4%+17.3%
Q2 2022+2.0%-1.5%-0.1%
Q1 2022-3.0%+0.3%+0.8%
Q4 2021-7.3%-7.4%-12.2%
Q3 2021-0.5%+0.2%+4.7%
Q2 2021+3.1%+2.8%+8.0%
Q1 2021+3.8%+6.3%+6.1%
Q4 2020+3.0%+2.6%+5.6%
Q3 2020-6.1%-9.7%-1.8%
Q2 2020-2.5%-6.0%-8.7%
Q1 2020+10.6%+17.1%+21.8%
Q4 2019+5.0%+5.4%-13.9%
Q3 2019+2.9%+1.4%+3.6%
Q2 2019+3.5%+4.2%+3.2%
Q1 2019+3.0%+1.5%-1.7%
Q4 2018-1.6%-2.7%-3.7%
Q3 2018+1.2%+3.7%+7.8%
Q2 2018+3.2%+2.8%+3.9%
Q1 2018-5.7%-5.0%-1.0%
Q4 2017-4.7%+0.1%+3.7%
Q3 2017+4.5%+6.6%+7.8%
Q2 2017+5.6%+4.7%+4.6%
Q1 2017+6.5%+4.2%+5.7%
Q4 2016-0.3%+0.1%-3.4%
Q3 2016-3.3%-2.0%-4.6%
Q2 2016+2.1%+0.6%+1.9%
Q1 2016-0.9%
Q4 2015+9.8%
Q3 2015-0.2%
Q2 2015+4.5%
Q1 2015+3.0%
Q4 2014+5.6%
Q3 2014+4.4%
Q2 2014-2.2%
Q1 2014+3.4%
Q4 2013+2.4%
Q3 2013+0.6%
Q2 2013+2.0%
Q1 2013+1.3%
Q4 2012-0.8%
Q3 2012-1.7%
Q2 2012+4.3%
Q1 2012+1.0%
Q4 2008+3.3%
Q4 2011+3.3%
Q3 2011+4.3%
Q2 2011-3.7%
Q1 2010-1.6%
Q1 2011-0.9%
Q4 2010-1.0%
Q3 2010+2.8%
Q3 2009+2.8%
Q2 2010-2.8%
Q2 2009-2.8%
Q4 2009-2.8%

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