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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Fidelity National Financial, Inc. is the larger business by last-quarter revenue ($544.0M vs $387.0M, roughly 1.4× Paylocity Holding Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs -21.5%, a 34.5% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 10.3%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 2.7%).
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
FNF vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $387.0M |
| Net Profit | $-117.0M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 82.9% | 18.2% |
| Net Margin | -21.5% | 13.0% |
| Revenue YoY | 10.3% | 11.3% |
| Net Profit YoY | -126.0% | 34.0% |
| EPS (diluted) | $-0.44 | $0.92 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $544.0M | $387.0M | ||
| Q3 25 | $553.0M | $378.9M | ||
| Q2 25 | $547.0M | $369.9M | ||
| Q1 25 | $455.0M | $421.1M | ||
| Q4 24 | $493.0M | $347.7M | ||
| Q3 24 | $506.0M | $333.1M | ||
| Q2 24 | $504.0M | $324.7M | ||
| Q1 24 | $421.0M | $366.8M |
| Q4 25 | $-117.0M | $50.2M | ||
| Q3 25 | $358.0M | $48.0M | ||
| Q2 25 | $278.0M | $48.6M | ||
| Q1 25 | $83.0M | $91.5M | ||
| Q4 24 | $450.0M | $37.5M | ||
| Q3 24 | $266.0M | $49.6M | ||
| Q2 24 | $306.0M | $48.8M | ||
| Q1 24 | $248.0M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | 82.9% | 18.2% | ||
| Q3 25 | 81.9% | 19.6% | ||
| Q2 25 | 69.8% | 17.9% | ||
| Q1 25 | 24.4% | 30.2% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | 61.9% | 19.3% | ||
| Q2 24 | 90.9% | 19.4% | ||
| Q1 24 | 78.6% | 29.0% |
| Q4 25 | -21.5% | 13.0% | ||
| Q3 25 | 64.7% | 12.7% | ||
| Q2 25 | 50.8% | 13.1% | ||
| Q1 25 | 18.2% | 21.7% | ||
| Q4 24 | 91.3% | 10.8% | ||
| Q3 24 | 52.6% | 14.9% | ||
| Q2 24 | 60.7% | 15.0% | ||
| Q1 24 | 58.9% | 23.3% |
| Q4 25 | $-0.44 | $0.92 | ||
| Q3 25 | $1.33 | $0.86 | ||
| Q2 25 | $1.02 | $0.87 | ||
| Q1 25 | $0.30 | $1.61 | ||
| Q4 24 | $1.65 | $0.66 | ||
| Q3 24 | $0.97 | $0.88 | ||
| Q2 24 | $1.12 | $0.85 | ||
| Q1 24 | $0.91 | $1.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.6B | $162.5M |
| Total DebtLower is stronger | $4.4B | $81.3M |
| Stockholders' EquityBook value | $7.4B | $1.1B |
| Total Assets | $109.0B | $7.0B |
| Debt / EquityLower = less leverage | 0.59× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $162.5M | ||
| Q3 25 | $3.5B | $165.2M | ||
| Q2 25 | $3.3B | $398.1M | ||
| Q1 25 | $4.5B | $477.8M | ||
| Q4 24 | $3.5B | $482.4M | ||
| Q3 24 | $5.0B | $778.5M | ||
| Q2 24 | $4.9B | $401.8M | ||
| Q1 24 | $3.5B | $492.7M |
| Q4 25 | $4.4B | $81.3M | ||
| Q3 25 | $4.4B | $81.3M | ||
| Q2 25 | $4.4B | $162.5M | ||
| Q1 25 | $4.4B | $243.8M | ||
| Q4 24 | $4.3B | $325.0M | ||
| Q3 24 | $4.2B | $325.0M | ||
| Q2 24 | $4.2B | $0 | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $7.4B | $1.1B | ||
| Q3 25 | $8.4B | $1.1B | ||
| Q2 25 | $7.9B | $1.2B | ||
| Q1 25 | $7.9B | $1.2B | ||
| Q4 24 | $7.8B | $1.2B | ||
| Q3 24 | $8.1B | $1.1B | ||
| Q2 24 | $7.3B | $1.0B | ||
| Q1 24 | $7.1B | $1.1B |
| Q4 25 | $109.0B | $7.0B | ||
| Q3 25 | $106.6B | $4.2B | ||
| Q2 25 | $102.3B | $4.4B | ||
| Q1 25 | $98.2B | $5.2B | ||
| Q4 24 | $95.4B | $5.3B | ||
| Q3 24 | $94.7B | $4.0B | ||
| Q2 24 | $88.8B | $4.2B | ||
| Q1 24 | $84.5B | $5.0B |
| Q4 25 | 0.59× | 0.07× | ||
| Q3 25 | 0.53× | 0.07× | ||
| Q2 25 | 0.56× | 0.13× | ||
| Q1 25 | 0.56× | 0.20× | ||
| Q4 24 | 0.56× | 0.28× | ||
| Q3 24 | 0.52× | 0.29× | ||
| Q2 24 | 0.58× | 0.00× | ||
| Q1 24 | 0.55× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $117.0M | ||
| Q3 25 | $1.3B | $86.5M | ||
| Q2 25 | $1.9B | $86.6M | ||
| Q1 25 | $1.1B | $186.0M | ||
| Q4 24 | $1.5B | $54.2M | ||
| Q3 24 | $2.4B | $91.5M | ||
| Q2 24 | $1.4B | $79.9M | ||
| Q1 24 | $1.6B | $167.5M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | 3.66× | 1.80× | ||
| Q2 25 | 6.82× | 1.78× | ||
| Q1 25 | 13.43× | 2.03× | ||
| Q4 24 | 3.32× | 1.45× | ||
| Q3 24 | 8.89× | 1.84× | ||
| Q2 24 | 4.45× | 1.64× | ||
| Q1 24 | 6.42× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
