Axos Financial, Inc. (AX) Income Statement
AX FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsAX revenue and net income
Where AX's revenue goes
FY2026Each bar shows an amount and its share of revenue. AX kept 22.4% of revenue as net income.
AX profit margins
AX growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.5% | +20.1% | +25.2% | +19.0% |
| Gross profit | +16.3% | +16.8% | +17.8% | +15.8% |
| Operating income | +5.4% | +14.4% | +16.2% | +12.2% |
| Net income | +13.3% | +16.9% | +17.9% | +15.2% |
| EPS (diluted) | +16.2% | +17.4% | +18.8% | +16.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AX quarterly EPS vs estimates
Axos Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $2.28).
AX income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $1.93B | $1.77B | $1.26B | $757.9M | $712.0M | $717.6M | $644.8M | $546.0M | $455.4M |
| Cost of revenue | $811.1M | $743.4M | $726.7M | $398.3M | $76.3M | $102.9M | $187.4M | $183.6M | $132.4M | $85.1M |
| Gross profit | $1.38B | $1.19B | $1.04B | $865.9M | $681.6M | $609.1M | $530.2M | $461.2M | $413.6M | $370.3M |
| Research & development | — | — | — | — | — | — | — | — | — | $0 |
| Sales, general & admin | $126.5M | $407.9M | $348.2M | $305.3M | $230.6M | $202.9M | $189.3M | $187.3M | $136.6M | $107.1M |
| Total operating expenses | $732.7M | $572.6M | $405.5M | $434.2M | $341.6M | $303.4M | $267.6M | $248.4M | $173.9M | $137.6M |
| Operating income | $646.7M | $613.4M | $635.5M | $431.7M | $340.0M | $305.7M | $262.6M | $212.8M | $239.7M | $232.7M |
| Interest income | $1.96B | $1.82B | $1.66B | $1.16B | $659.7M | $617.9M | $622.8M | $564.9M | $475.1M | $387.3M |
| Interest expense | $710.0M | $687.7M | $694.2M | $374.0M | $52.6M | $79.1M | $145.2M | $156.3M | $106.6M | $74.1M |
| Income before taxes | $646.7M | $613.4M | $635.5M | $431.7M | $340.0M | $305.7M | $262.6M | $212.8M | $239.7M | $232.7M |
| Income taxes | $156.3M | $180.5M | $185.5M | $124.6M | $99.2M | $90.0M | $79.2M | $57.7M | $87.3M | $98.0M |
| Net income | $490.4M | $432.9M | $450.0M | $307.2M | $240.7M | $215.7M | $183.4M | $155.1M | $152.4M | $134.7M |
| EBITDA | $727.3M | $642.4M | $662.6M | $455.1M | $364.6M | $336.2M | $297.6M | $229.3M | $248.3M | $238.8M |
| EPS (diluted) | $8.75 | $7.53 | $6.78 | $5.41 | $4.24 | $3.69 | $3.09 | $2.76 | $2.49 | $2.05 |
| Gross margin | 63.0% | 61.5% | 58.9% | 68.5% | 89.9% | 85.6% | 73.9% | 71.5% | 75.8% | 81.3% |
| Operating margin | 29.5% | 31.8% | 36.0% | 34.2% | 44.9% | 42.9% | 36.6% | 33.0% | 43.9% | 51.1% |
| Net margin | 22.4% | 22.4% | 25.5% | 24.3% | 31.8% | 30.3% | 25.6% | 24.1% | 27.9% | 29.6% |
| 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 | $569.5M | $564.2M | $562.9M | $493.9M | $479.4M | $461.9M | $479.6M | $508.6M | $480.4M | $472.3M | $420.4M | $394.4M |
| Cost of revenue | $199.1M | $213.0M | $207.1M | $191.9M | $177.2M | $171.8M | $188.2M | $206.2M | $199.4M | $188.0M | $179.6M | $159.8M |
| Gross profit | $370.4M | $351.2M | $355.8M | $301.9M | $302.2M | $290.2M | $291.4M | $302.4M | $281.1M | $284.3M | $240.9M | $234.7M |
| Sales, general & admin | $149.6M | $29.5M | $120.8M | $103.7M | $103.4M | $100.6M | $101.4M | $102.5M | $96.2M | $90.0M | $71.3M | $80.9M |
| Total operating expenses | $214.4M | $186.0M | $180.3M | $152.0M | $146.4M | $142.1M | $141.0M | $143.2M | $136.7M | $128.8M | $23.5M | $116.5M |
| Operating income | $156.0M | $165.3M | $175.5M | $149.9M | $155.8M | $148.1M | $150.3M | $159.2M | $144.4M | $155.5M | $217.4M | $118.2M |
| Interest income | $499.1M | $478.2M | $513.8M | $465.7M | $442.4M | $432.7M | $456.1M | $484.3M | $453.4M | $443.6M | $394.7M | $364.0M |
| Interest expense | $181.2M | $172.0M | $182.1M | $174.7M | $162.3M | $157.3M | $176.0M | $192.2M | $193.4M | $182.0M | $166.1M | $152.8M |
| Income before taxes | $156.0M | $165.3M | $175.5M | $149.9M | $155.8M | $148.1M | $150.3M | $159.2M | $144.4M | $155.5M | $217.4M | $118.2M |
| Income taxes | $31.0M | $40.6M | $47.1M | $37.5M | $45.1M | $42.9M | $45.6M | $46.9M | $39.5M | $44.8M | $65.6M | $35.5M |
| Net income | $124.9M | $124.7M | $128.4M | $112.4M | $110.7M | $105.2M | $104.7M | $112.3M | $104.9M | $110.7M | $151.8M | $82.6M |
| EBITDA | $182.8M | $187.6M | $198.7M | $158.2M | $163.5M | $154.9M | $157.4M | $166.6M | $151.9M | $162.8M | $223.9M | $124.0M |
| EPS (diluted) | $2.53 | $1.90 | $2.25 | $2.07 | $1.94 | $1.81 | $1.82 | $1.96 | $1.83 | $1.94 | $1.60 | $1.41 |
| Gross margin | 65.0% | 62.3% | 63.2% | 61.1% | 63.0% | 62.8% | 60.8% | 59.5% | 58.5% | 60.2% | 57.3% | 59.5% |
| Operating margin | 27.4% | 29.3% | 31.2% | 30.3% | 32.5% | 32.1% | 31.3% | 31.3% | 30.1% | 32.9% | 51.7% | 30.0% |
| Net margin | 21.9% | 22.1% | 22.8% | 22.7% | 23.1% | 22.8% | 21.8% | 22.1% | 21.8% | 23.4% | 36.1% | 21.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AX's financial statements (latest annual report filed August 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AX financial results
In fiscal year 2026 (ended June 30, 2026), Axos Financial reported revenue of $2.2 billion, up 13.5% from the year before. It had net income of $490.4 million (up 13.3%), a net profit margin of 22.4%. Diluted earnings per share came to $8.75. Over five years revenue grew at an average rate of 25.2% a year.
See the AX stock overview for the latest quote and news, or the AX chart for price history and technical indicators.
AX income statement FAQ
What is Axos Financial's annual revenue?
Axos Financial reported total revenue of $2.2 billion for fiscal year 2026, which ended on June 30, 2026. That was up 13.5% from $1.9 billion the previous year.
Is Axos Financial profitable?
Yes. Axos Financial reported net income of $490.4 million in fiscal 2026, a net profit margin of 22.4%; its operating margin was 29.5%.
What is Axos Financial's gross margin?
Axos Financial's gross margin was 63.0% in fiscal 2026: for every $100 of revenue, Axos Financial kept $63 after the direct cost of its products and services.
How fast is Axos Financial growing?
Revenue grew 25.2% a year on average over the last five fiscal years, from $712.0 million to $2.2 billion.
What are Axos Financial's earnings per share?
Axos Financial earned $8.75 per diluted share in fiscal 2026, compared with $7.53 a year earlier.
When will Axos Financial report its next earnings?
Axos Financial is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Axos Financial's fiscal year end?
Axos Financial's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 20, 2026.