Logo

AX

Axos Financial, Inc.

AX

Axos Financial, Inc. • NYSE
$82.18 ▲ 0.23% (+0.19)
Market Cap $4.66 B
52w High $93.84
52w Low $54.46
Dividend Yield 0%
P/E 11.05
Volume 121.15K
Outstanding Shares 56.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $493.873M ▲ $152.043M ▲ $112.352M ▲ 22.749% ▼ $1.99 ▲ $158.23M ▲
Q4-2025 $479.416M ▲ $146.37M ▲ $110.675M ▲ 23.085% ▲ $1.96 ▲ $134.469M ▼
Q3-2025 $461.918M ▼ $142.084M ▲ $105.206M ▲ 22.776% ▲ $1.84 ▲ $154.923M ▼
Q2-2025 $479.568M ▼ $141.021M ▼ $104.687M ▼ 21.829% ▼ $1.83 ▼ $157.361M ▼
Q1-2025 $508.564M $143.158M $112.34M 22.09% $1.97 $166.642M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $2.618B ▲ $27.432B ▲ $24.639B ▲ $2.793B ▲
Q4-2025 $1.999B ▼ $24.783B ▲ $22.102B ▲ $2.681B ▲
Q3-2025 $2.081B ▼ $23.981B ▲ $21.377B ▲ $2.604B ▲
Q2-2025 $2.536B ▼ $23.709B ▲ $21.187B ▲ $2.522B ▲
Q1-2025 $2.709B $23.569B $21.163B $2.406B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $112.352M ▲ $118.433M ▼ $-1.033B ▼ $1.624B ▲ $709.241M ▲ $109.284M ▼
Q4-2025 $110.675M ▲ $183.352M ▲ $-848.775M ▼ $584.083M ▲ $-81.34M ▲ $161.56M ▲
Q3-2025 $105.206M ▲ $73.681M ▼ $-677.534M ▼ $188.116M ▲ $-415.737M ▼ $65.13M ▼
Q2-2025 $104.687M ▼ $162.51M ▲ $-269.217M ▼ $-23.718M ▼ $-130.425M ▼ $156.41M ▲
Q1-2025 $112.34M $70.788M $-45.541M $592.833M $618.08M $53.018M

Revenue by Products

Product Q1-2020Q2-2020Q3-2020Q4-2020
Bankruptcy Trustees and Fiduciary Service Fees
Bankruptcy Trustees and Fiduciary Service Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Broker Dealer Clearing Fees
Broker Dealer Clearing Fees
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Card Fees
Card Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Service Fees
Deposit Service Fees
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Axos shows a clear growth story in its core banking economics. Revenue has climbed steadily over the past five years, and profit levels are much higher than they were earlier in the period. Operating profit and EBITDA have scaled with revenue, suggesting the bank’s branchless, efficient model is working. The most recent year does show a slight dip in net income and earnings per share versus the prior year, which could reflect margin pressure, higher credit costs, or investment spending, but profitability remains materially stronger than in earlier years. Overall, the income statement reflects a maturing, still-profitable digital bank with some normal ups and downs in earnings momentum.

Balance Sheet

Balance Sheet The balance sheet has expanded consistently, with total assets rising every year, which aligns with a growing loan book and customer base. Cash levels have stayed healthy and relatively stable recently, giving the bank flexibility. Reported debt is modest and has trended down over time, while shareholder equity has built up steadily. This pattern points to a bank that is growing primarily through retained earnings, keeping leverage in check and gradually strengthening its capital base, which is generally a positive sign for resilience.

Cash Flow

Cash Flow Axos generates positive cash from its operations year after year, and that cash generation has improved over time, though with some year-to-year swings. Free cash flow has remained positive throughout the period, even as the company continues to invest in its platform. Capital spending needs look relatively light, consistent with a technology-driven, branchless bank that does not require heavy physical infrastructure. Overall, cash flow quality appears solid, supporting both growth investments and balance sheet strength.

Competitive Edge

Competitive Edge Axos occupies a differentiated position as a “born digital” bank with no traditional branch network. This gives it a structural cost advantage over many regional banks, allowing it to offer attractive pricing on deposits and loans while still maintaining healthy margins. Its nationwide reach, diversified lending across consumer and commercial segments, and the addition of securities clearing and custody services broaden its revenue base beyond standard banking. However, it still competes in crowded markets against both large incumbents and aggressive fintechs, so maintaining that cost and technology edge is critical to defending its niche.

Innovation and R&D

Innovation and R&D Innovation is central to Axos’s model. The company has built its own universal digital banking platform, integrates with a wide range of advisor and fintech tools, and uses modern cloud-based infrastructure. It has extended this platform into areas like advisor services, white-label banking, and securities clearing, effectively turning its technology into a product for other financial firms. Ongoing partnerships and system upgrades position it to adopt more advanced tools, including artificial intelligence, over time. The main watchpoints are execution risk around acquisitions and integration, and the need to keep investing in technology fast enough to stay ahead of both banks and fintechs.

Summary

Axos Financial combines strong growth in revenue and profits, a steadily strengthening balance sheet, and consistently positive free cash flow with a distinctive digital-only operating model. Its low-cost structure and proprietary technology give it an edge over many traditional regional banks, while its diversified set of products—from retail banking to RIA custody and white-label solutions—helps spread risk and open additional revenue streams. The key opportunities lie in scaling its platform, expanding Banking-as-a-Service, and deepening niche segments, while the main risks relate to credit quality as the balance sheet grows, competition from larger and newer players, and the challenge of continuously innovating in a fast-moving digital finance landscape.

NEWS

October 30, 2025 · 4:05 PM UTC

Axos Financial, Inc. Reports First Quarter Fiscal Year 2026 Results

Read more

October 20, 2025 · 8:00 AM UTC

Axos Financial, Inc. Named to Fortune's Top 100 Fastest-Growing Companies

Read more

September 30, 2025 · 4:05 PM UTC

Axos Financial, Inc. to Announce First Quarter Fiscal 2026 Results on October 30, 2025

Read more

September 22, 2025 · 8:30 AM UTC

Axos Bank Announces Acquisition of Verdant Commercial Capital

Read more

September 17, 2025 · 6:00 AM UTC

Axos Financial, Inc. Announces Issuance of $200 Million of Subordinated Notes

Read more