Axos Financial, Inc. AX
Our Company is a technology-driven, diversified financial services company with approximately $30.0 billion in assets and approximately $47.8 billion of assets under custody and/or administration at Axos Clearing LLC ("Axos Clearing"). Our client-centric, technology-enabled services model provides secure and scalable banking, clearing and custody, and investment advisory solutions to retail and business customers. The Bank provides consumer and commercial banking products and services through its digital online and mobile banking platforms, low-cost distribution channels and affinity partners. Our Bank offers deposit and lending products to customers nationwide including consumer and business checking, savings and time deposit accounts and single family and multifamily residential mortgages, commercial real estate mortgages and loans, lender finance loans, asset-based loans, capital call facilities, equipment lending and leasing, auto loans, retail and floor plan marine loans and other consumer loans. Our Bank generates non-interest income from consumer and business products and services, including fees from loans originated for sale, operating lease income, deposit account service fees, prepayment fees, loan servicing fees, as well as technology and payment transaction processing fees, among others. We offer securities products and services to independent registered investment advisors ("RIAs") and introducing broker-dealers ("IBDs") through Axos Clearing and Axos Advisor Services ("AAS") and direct-to-consumer securities trading and digital investment management products through Axos Invest, Inc. ("Axos Invest"). AAS and Axos Clearing generate interest and asset- and transaction-based fee income by providing comprehensive securities custody services to RIAs and clearing, stock lending, and margin lending services to IBDs respectively. Axos Invest generates fee income from self-directed securities trading and digital wealth management services. Our common stock is listed on the New York Stock Exchange under the ticker symbol "AX" and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index, among other indices.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.3M | $65.8M | $64.6M | $65.3M | $59.4M | $31.3M | $26.8M | $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 |
| Pre-tax income | $646.7M | $613.4M | $635.5M | $431.7M | $340.0M | $305.7M | $262.6M | $212.8M | $239.7M | $232.7M |
| Income tax | $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 |
| EPS, basic | 8.66 | 7.61 | 7.82 | 5.15 | 4.04 | 3.64 | 3.01 | 2.50 | 2.41 | 2.11 |
| EPS, diluted | 8.48 | 7.43 | 7.66 | 5.07 | 3.97 | 3.56 | 2.98 | 2.48 | 2.37 | 2.10 |
| Shares, diluted (wtd. avg.) | $56.7M | $56.9M | $57.5M | $59.7M | $59.5M | $59.2M | $60.8M | $61.9M | $63.1M | $63.7M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.11B | $1.93B | $2.19B | $2.38B | $1.57B | $1.04B | $1.95B | $857.4M | $622.9M | $643.5M |
| Property, plant and equipment | $144.8M | $105.1M | $72.6M | $53.4M | $36.2M | $26.3M | $30.6M | $33.2M | $21.5M | $16.7M |
| Goodwill | $144.3M | $97.7M | $97.7M | $97.7M | $95.7M | $71.2M | $71.2M | $71.2M | $35.7M | — |
| Other intangibles | $105.0M | $36.8M | $44.1M | $54.5M | $60.7M | $44.7M | $54.2M | $63.7M | $32.1M | $0 |
| Total assets | $29.96B | $24.78B | $22.86B | $20.35B | $17.40B | $14.27B | $13.85B | $11.22B | $9.54B | $8.50B |
| Long-term debt | $342.9M | $312.7M | $325.7M | $361.8M | $445.2M | $221.4M | $235.8M | $168.9M | $54.6M | — |
| Total liabilities | $26.80B | $22.10B | $20.56B | $18.43B | $15.76B | $12.86B | $12.62B | $10.15B | $8.58B | $7.67B |
| Retained earnings | $3.11B | $2.62B | $2.19B | $1.74B | $1.43B | $1.19B | $1.01B | $826.2M | $671.3M | $519.2M |
| Total equity | $3.17B | $2.68B | $2.29B | $1.92B | $1.64B | $1.40B | $1.23B | $1.07B | $960.5M | $834.2M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $557.6M | $490.3M | $305.5M | $196.7M | $216.6M | $412.6M | $284.1M | $204.4M | $167.9M | $198.5M |
| Depreciation and amortisation | $29.7M | $21.6M | $16.2M | $12.2M | $13.1M | $14.4M | $24.4M | $16.5M | $8.6M | $6.1M |
| Stock-based compensation | $44.3M | $42.0M | $35.2M | $26.1M | $21.2M | $20.7M | $21.9M | $23.4M | $20.4M | $14.5M |
| Capital expenditure | $266.4M | $54.2M | $36.0M | $30.2M | $21.5M | $10.4M | $12.3M | $20.1M | $11.8M | $8.8M |
| Investing cash flow | -$5.04B | -$1.84B | -$2.59B | -$2.40B | -$2.78B | -$866.8M | -$1.35B | -$931.7M | -$1.03B | -$788.7M |
| Financing cash flow | $3.61B | $1.34B | $2.09B | $3.01B | $3.10B | -$458.6M | $2.16B | $961.8M | $837.4M | $747.0M |
| Buybacks | $22.0M | $58.2M | $96.3M | $49.0M | $0 | $16.8M | $38.9M | $56.4M | $35.2M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001299709-26-000060.
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