15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 21.0% per year over the past 5 years.
Net income has grown slower than revenue (17.9% vs 21.0% per year).
Free cash flow has declined 6.3% per year over the past 5 years.
Financial health
The company holds more cash ($1.1B) than total debt ($343M).
Total debt has grown slower than revenue (9.1% vs 21.0% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$81M
$490M
0.0%
0.0%
15.5%
1.6%
$291M
$343M
$1.1B
2025
$66M
$433M
0.0%
0.0%
16.1%
1.7%
$436M
$313M
$1.9B
2024
$65M
$450M
0.0%
0.0%
19.6%
2.0%
$270M
$326M
$2.0B
2023
$65M
$307M
0.0%
0.0%
16.0%
1.5%
$166M
$362M
$2.2B
2022
$59M
$241M
0.0%
0.0%
14.7%
1.4%
$195M
$445M
$1.6B
2021
$31M
$216M
0.0%
0.0%
15.4%
1.5%
$402M
$221M
$1.0B
2020
$27M
$183M
0.0%
0.0%
14.9%
1.3%
$272M
$236M
—
2019
$28M
$155M
0.0%
0.0%
14.5%
1.4%
$184M
$169M
—
2018
$9M
$152M
0.0%
0.0%
15.9%
1.6%
$156M
$55M
$623M
2017
—
$135M
—
—
16.2%
1.6%
$190M
—
$644M
2016
—
$119M
—
—
17.5%
1.6%
$157M
—
$487M
2015
—
$83M
—
—
15.5%
1.4%
$111M
—
$223M
2014
—
$56M
—
—
15.1%
1.3%
$18M
—
$156M
2013
—
$40M
—
—
15.0%
1.3%
$12M
—
$202M
2012
—
$29M
—
—
14.3%
1.2%
-$59M
—
$35M
Net income
Net income
Return on equity & assets (ROE / ROA)
ROEROA
Shareholders' equity (book value)
Equity
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
—
$125M
—
—
3.9%
0.4%
$198M
$343M
$1.1B
Mar '26
—
$125M
—
—
4.1%
0.4%
-$101M
—
$1.2B
Dec '25
—
$128M
—
—
4.4%
0.5%
$85M
—
$1.0B
Sep '25
—
$112M
—
—
4.0%
0.4%
$109M
—
$2.6B
Jun '25
—
$111M
—
—
4.1%
0.4%
$162M
$313M
$1.9B
Mar '25
—
$105M
—
—
4.0%
0.4%
$65M
$377M
$2.0B
Dec '24
—
$105M
—
—
4.2%
0.4%
$156M
$359M
$2.4B
Sep '24
—
$112M
—
—
4.7%
0.5%
$53M
$314M
$2.6B
Jun '24
—
$105M
—
—
4.6%
0.5%
$26M
$326M
$2.0B
Mar '24
—
$111M
—
—
5.0%
0.5%
$107M
$330M
$2.1B
Dec '23
—
$152M
—
—
7.3%
0.7%
$108M
$341M
$1.8B
Sep '23
—
$83M
—
—
4.2%
0.4%
$28M
$448M
$2.4B
Jun '23
—
$87M
—
—
4.6%
0.4%
$67M
$362M
$2.2B
Mar '23
—
$80M
—
—
4.3%
0.4%
-$64M
$334M
$2.5B
Dec '22
—
$82M
—
—
4.6%
0.4%
$100M
$334M
$2.0B
Sep '22
—
$58M
—
—
3.4%
0.3%
$63M
$426M
$1.7B
Jun '22
—
$58M
—
—
3.5%
0.3%
$131M
$445M
$1.6B
Mar '22
—
$62M
—
—
3.9%
0.4%
$139M
$382M
$1.2B
Dec '21
—
$61M
—
—
4.0%
0.4%
$52M
$260M
—
Sep '21
—
$60M
—
—
4.1%
0.4%
-$133M
$256M
—
Valuation over time
How the market has priced AX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 8.7× (Mar '23) to 11.2× (Sep '26).
The price-to-sales ratio has risen from 35.3× (Mar '23) to 67.8× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is AX growing its revenue and profit?
Over the past 5 years, Axos Financial, Inc.'s revenue has grown 21.0% per year, and net income grown 17.9% per year. These are computed facts, not advice.
How much debt does AX have?
As of FY2026, Axos Financial, Inc. reported $343M of total debt against $1.1B of cash.
What is AX's profit margin?
In FY2026, gross margin was —, operating margin —, and net margin 603.5%.
What is AX's P/E ratio?
As of Sep '26, Axos Financial, Inc. traded at a price-to-earnings ratio of about 11.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.