Old Republic International Corporation (ORI) Income Statement
ORI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsORI revenue and net income
Where ORI's revenue goes
2025Each bar shows an amount and its share of revenue. ORI kept 10.3% of revenue as net income.
ORI profit margins
ORI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.4% | +4.0% | +4.9% | +4.7% |
| Gross profit | −12.1% | −6.8% | −8.6% | −2.3% |
| Operating income | +10.6% | +11.3% | +16.3% | +5.8% |
| Net income | +9.8% | +10.9% | +10.9% | +8.3% |
| EPS (diluted) | +6.6% | +5.0% | +7.5% | +9.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ORI quarterly EPS vs estimates
Old Republic International beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.76).
ORI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.09B | $8.23B | $7.26B | $8.08B | $9.34B | $7.17B | $7.21B | $6.02B | $6.26B | $5.90B |
| Cost of revenue | $4.51B | $3.02B | $45.5M | $2.43B | $2.40B | $2.47B | $2.57B | $2.46B | $2.48B | $2.35B |
| Gross profit | $4.58B | $5.21B | $7.26B | $5.66B | $9.34B | $7.17B | $7.21B | $6.02B | $6.26B | $5.90B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $16.2M | $23.5M | $16.5M | $4.72B | $4.94B | $3.94B | $3.28B | $3.08B | $3.00B | $2.82B |
| Total operating expenses | $3.39B | $4.14B | $6.51B | $4.80B | −$7.57B | −$6.61B | −$6.02B | −$5.54B | −$5.47B | −$5.16B |
| Operating income | $1.18B | $1.07B | $598.6M | $857.1M | $1.78B | $557.1M | $1.19B | $480.2M | $788.3M | $736.1M |
| Interest income | $92.6M | $96.2M | $194.4M | $330.1M | $694.9M | $199.9M | $559.5M | $336.0M | $63.0M | $50.2M |
| Interest expense | $70.1M | $77.3M | $70.5M | $66.7M | $56.2M | $43.7M | $40.0M | $42.2M | $63.0M | $50.2M |
| Income before taxes | $1.18B | $1.07B | $598.6M | $857.4M | $1.92B | $688.4M | $1.32B | $438.1M | $725.4M | $686.0M |
| Income taxes | $241.9M | $216.9M | $148.7M | $170.9M | $387.7M | $129.7M | $265.9M | $67.5M | $164.8M | $219.0M |
| Net income | $936.1M | $852.7M | $598.6M | $686.4M | $1.53B | $558.6M | $1.06B | $370.5M | $560.5M | $466.9M |
| EBITDA | $1.24B | $1.15B | $598.6M | $952.4M | $1.78B | $557.1M | $1.19B | $480.2M | $788.3M | $736.1M |
| EPS (diluted) | $3.24 | $3.04 | $2.64 | $2.80 | $3.09 | $2.26 | $1.83 | $1.88 | $1.12 | $1.44 |
| Gross margin | 50.3% | 63.3% | 100.0% | 70.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 13.0% | 13.0% | 8.2% | 10.6% | 19.0% | 7.8% | 16.5% | 8.0% | 12.6% | 12.5% |
| Net margin | 10.3% | 10.4% | 8.2% | 8.5% | 16.4% | 7.8% | 14.6% | 6.2% | 8.9% | 7.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.50B | $2.40B | $2.34B | $2.42B | $2.21B | $2.11B | $2.00B | $2.34B | $1.87B | $2.02B | $1.94B | $1.76B |
| Cost of revenue | $896.7M | $840.2M | $2.06B | $852.3M | $826.5M | $772.1M | $788.8M | $809.4M | $731.5M | $694.6M | $709.5M | $657.4M |
| Gross profit | $1.61B | $1.56B | $280.5M | $1.57B | $1.38B | $1.34B | $1.21B | $1.53B | $1.14B | $1.32B | $1.23B | $1.10B |
| Sales, general & admin | $1.17B | — | $2.0M | $4.5M | $1.10B | $5.5M | $4.1M | $6.5M | — | — | — | $1.02B |
| Total operating expenses | $1.17B | $1.15B | $17.4M | $1.22B | $1.12B | $1.03B | $1.08B | $1.11B | $1.03B | $922.6M | $994.1M | $1.04B |
| Operating income | $436.9M | $413.4M | $263.1M | $352.7M | $259.9M | $307.6M | $131.2M | $426.6M | $113.3M | $398.4M | $237.4M | $63.8M |
| Interest income | — | — | $163.1M | $93.4M | $22.5M | $200,000 | $147.3M | $189.5M | — | — | — | $159.7M |
| Interest expense | $26.5M | $17.7M | $17.4M | $17.3M | $17.6M | $17.8M | $17.3M | $21.3M | $22.2M | $16.4M | $16.5M | $16.4M |
| Income before taxes | $410.2M | $413.4M | $263.1M | $352.9M | $260.1M | $307.7M | $130.7M | $426.9M | $113.3M | $398.7M | $237.4M | $63.9M |
| Income taxes | $85.7M | $83.8M | $55.8M | $72.8M | $51.7M | $61.6M | $25.5M | $88.0M | $21.4M | $81.9M | $46.7M | $11.3M |
| Net income | $322.5M | $330.0M | $207.2M | $279.5M | $204.4M | $245.0M | $105.1M | $338.9M | $91.8M | $316.7M | $190.6M | $52.6M |
| EBITDA | $436.9M | $431.1M | $263.1M | $370.2M | $277.7M | $325.5M | $148.0M | $448.2M | $135.5M | $415.1M | $286.9M | $80.3M |
| EPS (diluted) | $0.76 | $1.32 | $0.82 | $0.78 | $0.83 | $0.81 | $0.90 | $0.71 | $0.76 | $0.67 | $0.69 | $0.72 |
| Gross margin | 64.2% | 65.0% | 12.0% | 64.8% | 62.6% | 63.5% | 60.6% | 65.4% | 60.9% | 65.5% | 63.4% | 62.6% |
| Operating margin | 17.4% | 17.2% | 11.2% | 14.6% | 11.8% | 14.6% | 6.6% | 18.2% | 6.1% | 19.8% | 12.2% | 3.6% |
| Net margin | 12.9% | 13.8% | 8.8% | 11.5% | 9.3% | 11.6% | 5.2% | 14.5% | 4.9% | 15.7% | 9.8% | 3.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ORI's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ORI financial results
In fiscal year 2025 (ended December 31, 2025), Old Republic International reported revenue of $9.1 billion, up 10.4% from the year before. It had net income of $936.1 million (up 9.8%), a net profit margin of 10.3%. Diluted earnings per share came to $3.24. Over five years revenue grew at an average rate of 4.9% a year.
See the ORI stock overview for the latest quote and news, or the ORI chart for price history and technical indicators.
ORI income statement FAQ
What is Old Republic International's annual revenue?
Old Republic International reported total revenue of $9.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.4% from $8.2 billion the previous year.
Is Old Republic International profitable?
Yes. Old Republic International reported net income of $936.1 million in fiscal 2025, a net profit margin of 10.3%; its operating margin was 13.0%.
What is Old Republic International's gross margin?
Old Republic International's gross margin was 50.3% in fiscal 2025: for every $100 of revenue, Old Republic International kept $50 after the direct cost of its products and services.
How fast is Old Republic International growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $7.2 billion to $9.1 billion.
What are Old Republic International's earnings per share?
Old Republic International earned $3.24 per diluted share in fiscal 2025, compared with $3.04 a year earlier.
When will Old Republic International report its next earnings?
Old Republic International is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Old Republic International's fiscal year end?
Old Republic International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.