Axos Financial, Inc.
Financial ServicesNYSE:AX · New York Stock Exchange
+$1.00 today
Vol 0.20M · Avg 0.40M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$2.1B of revenue converted into $476.1M of net income for the selected period. Gross margin is 62.4% and net margin is 22.7%, showing how much revenue survives after costs and taxes. EPS is $8.23, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B +9.2% | $1.8B +39.8% | $1.3B +66.8% | $757.9M +6.5% | $712.0M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $743.4M +2.3% | $726.7M +82.5% | $398.3M +421.8% | $76.3M -25.8% | $102.9M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.2B +13.9% | $1.0B +20.2% | $865.9M +27.0% | $681.6M +11.9% | $609.1M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 61.5% +2.6pp | 58.9% -9.6pp | 68.5% -21.4pp | 89.9% +4.4pp | 85.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $407.9M +17.2% | $348.2M +14.0% | $305.3M +32.4% | $230.6M +13.7% | $202.9M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $572.6M +41.2% | $405.5M -6.6% | $434.2M +27.1% | $341.6M +12.6% | $303.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $29.0M +7.1% | $27.1M +15.8% | $23.4M -4.9% | $24.6M -19.2% | $30.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $642.4M -3.0% | $662.6M +45.6% | $455.1M +24.8% | $364.6M +8.4% | $336.2M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 33.3% -4.2pp | 37.5% +1.5pp | 36.0% -12.1pp | 48.1% +0.9pp | 47.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $613.4M -3.5% | $635.5M +47.2% | $431.7M +27.0% | $340.0M +11.2% | $305.7M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 31.8% -4.2pp | 36.0% +1.8pp | 34.2% -10.7pp | 44.9% +1.9pp | 42.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $1.8B +9.7% | $1.7B +43.1% | $1.2B +75.4% | $659.7M +6.8% | $617.9M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $687.7M -0.9% | $694.2M +85.6% | $374.0M +611.5% | $52.6M -33.6% | $79.1M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $613.4M -3.5% | $635.5M +47.2% | $431.7M +27.0% | $340.0M +11.2% | $305.7M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 31.8% -4.2pp | 36.0% +1.8pp | 34.2% -10.7pp | 44.9% +1.9pp | 42.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $180.5M -2.7% | $185.5M +48.9% | $124.6M +25.5% | $99.2M +10.2% | $90.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $432.9M -3.8% | $450.0M +46.5% | $307.2M +27.6% | $240.7M +11.6% | $215.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 22.4% -3.0pp | 25.5% +1.2pp | 24.3% -7.5pp | 31.8% +1.5pp | 30.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $8 -2.7% | $8 +51.8% | $5 +27.5% | $4 +11.0% | $4 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $7 -3.0% | $8 +51.1% | $5 +27.7% | $4 +11.5% | $4 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $56.9M -1.1% | $57.5M -3.7% | $59.7M +0.3% | $59.5M +0.5% | $59.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $58.2M -0.8% | $58.7M -3.0% | $60.6M -0.1% | $60.6M +0.2% | $60.5M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Webster Financial Corporation
NYSE:WBS
$11.98B
Grupo Aval Acciones y Valores S.A.
NYSE:AVAL
$6.59B
Intercorp Financial Services Inc.
NYSE:IFS
$6.31B
United Bankshares, Inc.
NASDAQ:UBSI
$6.29B
Ameris Bancorp
NYSE:ABCB
$5.99B
Hancock Whitney Corporation
NASDAQ:HWC
$5.88B
Atlantic Union Bankshares Corporation
NYSE:AUB
$5.77B
Bank OZK
NASDAQ:OZK
$5.69B
First Financial Bankshares, Inc.
NASDAQ:FFIN
$4.82B
International Bancshares Corporation
NASDAQ:IBOC
$4.76B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does AX generate?
Axos Financial, Inc. (AX) reported $1.93B of revenue in fiscal 2025.
Is AX profitable?
Axos Financial, Inc. (AX) reported $432.91M of net income, with a net margin of 22.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.