Franco-Nevada Corporation (FNV) Revenue History
Annual and quarterly revenue from 2007 to present
FNV Revenue Over Time (2007–2025)
FNV Revenue Growth History
14 of 18 years with positive growth- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- +4503.5%
- FY2009 revenue growth
- +32.2%
- FY2010 revenue growth
- +13.8%
- FY2011 revenue growth
- +81.0%
- FY2012 revenue growth
- +3.8%
- FY2013 revenue growth
- -6.1%
- FY2014 revenue growth
- +10.4%
- FY2015 revenue growth
- +0.3%
- FY2016 revenue growth
- +37.6%
- FY2017 revenue growth
- +10.6%
- FY2018 revenue growth
- -3.2%
- FY2019 revenue growth
- +29.2%
- FY2020 revenue growth
- +20.9%
- FY2021 revenue growth
- +27.4%
- FY2022 revenue growth
- +1.2%
- FY2023 revenue growth
- -7.3%
- FY2024 revenue growth
- -8.6%
- FY2025 revenue growth
- +63.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $650.7M | +76.6% |
| Q4 2025 | $597.3M | +86.1% |
| Q3 2025 | $487.7M | +76.9% |
| Q2 2025 | $369.4M | +42.0% |
| Q1 2025 | $368.4M | +43.5% |
| Q4 2024 | $321.0M | +5.8% |
| Q3 2024 | $275.7M | -10.9% |
| Q2 2024 | $260.1M | -21.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
FNV's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FNV Revenue Analysis (2007–2025)
Current Revenue & Growth
As of June 21, 2026, Franco-Nevada Corporation (FNV) generated trailing twelve-month (TTM) revenue of $2.11 billion, reflecting explosive growth of +76.6% year-over-year. The most recent quarter (Q1 2026) recorded $650.7 million in revenue, up 8.9% sequentially.
Historical Growth Trajectory
FNV's 5-year compound annual growth rate (CAGR) stands at +12.3%, indicating consistent double-digit revenue growth. The 3-year CAGR of +11.5% is below the 5-year average, signalling a growth deceleration in recent years. Franco-Nevada Corporation's highest annual revenue of $1.82 billion was recorded in 2025, an all-time high.
Revenue by Segment
FNV's revenue is primarily driven by Mining (34%), Precious metals (29%), and Gold (24%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Basic Materials sector peers — including WPM (+88.3% YoY), RGLD (+72.1% YoY), and OR (+51.8% YoY) — FNV has outperformed the peer group in revenue growth. Compare FNV vs WPM →
FNV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FNVCurrent | $2.1B | +76.6% | +12.3% | 71.4% | |
 WPM | $2.4B | +88.3% | +16.5% | 68.8% | |
 RGLD | $1.0B | +72.1% | +10.8% | 64.5% | |
 OR | $282M | +51.8% | +5.7% | 72.9% | |
 EMX | $24M | -4.3% | +84.9% | 4.0% | |
 NEM | $22.1B | -11.7% | +14.1% | 46.9% |
FNV Historical Revenue Data (2007–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.82B | +63.7% | $1.35B | 73.9% | $1.30B | 71.4% |
| 2024 | $1.11B | -8.6% | $759.3M | 68.2% | $724.7M | 65.1% |
| 2023 | $1.22B | -7.3% | $766.6M | 62.9% | $738.7M | 60.6% |
| 2022 | $1.32B | +1.2% | $852.6M | 64.8% | $820.0M | 62.3% |
| 2021 | $1.30B | +27.4% | $822.1M | 63.2% | $791.3M | 60.9% |
| 2020 | $1.02B | +20.9% | $620.4M | 60.8% | $336.5M | 33.0% |
| 2019 | $844.1M | +29.2% | $436.1M | 51.7% | $410.2M | 48.6% |
| 2018 | $653.2M | -3.2% | $287.3M | 44.0% | $188.8M | 28.9% |
| 2017 | $675.0M | +10.6% | $260.0M | 38.5% | $235.4M | 34.9% |
| 2016 | $610.2M | +37.6% | $230.6M | 37.8% | $155.4M | 25.5% |
| 2015 | $443.6M | +0.3% | $134.2M | 30.3% | $51.3M | 11.6% |
| 2014 | $442.4M | +10.4% | $206.4M | 46.7% | $156.7M | 35.4% |
| 2013 | $400.9M | -6.1% | $211.4M | 52.7% | $49.6M | 12.4% |
| 2012 | $427.0M | +3.8% | $241.1M | 56.5% | $138.4M | 32.4% |
| 2011 | $411.2M | +81.0% | $217.3M | 52.8% | $28.0M | 6.8% |
Full Stock Analysis
Deep dive into FNV consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
19+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FNV — Frequently Asked Questions
Quick answers to the most common questions about buying FNV stock.
Is FNV's revenue growth accelerating or slowing?
FNV revenue growth is accelerating. TTM revenue reached $2.1B, up +76.6% year-over-year — ahead of the 5-year CAGR of +12.3%. This indicates the business is expanding faster than its historical baseline.
What is FNV's revenue history from 2007 to 2026?
Franco-Nevada Corporation (FNV) revenue history spans 2007 to 2026. TTM revenue as of 2026 is $2.1B, growing at +76.6% YoY. The 5-year CAGR is +12.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FNV's long-term revenue growth rate (CAGR)?
Franco-Nevada Corporation's 5-year revenue CAGR of +12.3% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +76.6% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FNV.
Why does FNV's quarterly revenue fluctuate?
FNV quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Franco-Nevada Corporation's revenue data from 2007 to 2026 shows full historical quarterly detail on this page.
How is FNV's revenue distributed by segment?
FNV reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FNV's revenue compare to industry peers?
Franco-Nevada Corporation (FNV) with TTM revenue of $2.1B and +76.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.