Axos Financial, Inc. (AX) 10-Year Financial Performance & Capital Metrics

AX • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingDigital Banking Platforms

AboutAxos Financial, Inc., together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts. It also provides single family, multifamily, and commercial mortgage loans; commercial real estate secured loans; commercial and industrial non-real estate, asset-backed, lines of credit, and term loans; automobile loans; fixed rate term unsecured loans; and other loans, such as structure settlements, small business administration consumer loans, and securities-backed loans. In addition, the company offers ACH origination, wire transfer, commercial check printing, business bill pay and account transfer; remote deposit capture, mobile deposit, lockbox, merchant, and online payment portal; concierge banking; mobile and text messaging banking; and payment services, as well as debit and credit cards, and digital wallets. Further, it provides disclosed clearing services; back-office services, such as record keeping, trade reporting, accounting, general back-office support, securities and margin lending, reorganization assistance, and custody of securities; and financing to brokerage customers. The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is based in Las Vegas, Nevada.Show more

Net Interest Income $1.13B +17.3%
Total Revenue $1.93B +9.2%
Net Income $433M -3.8%
Return on Equity 17.42% -18.6%
Net Interest Margin 4.55% +8.2%
Efficiency Ratio 29.68% +29.4%
ROA 1.82% -12.8%
Equity / Assets 10.82% +7.9%
Book Value per Share 46.03 +18.0%
Tangible BV/Share 43.25 +19.8%
Debt/Equity 0.14 -23.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 18.7%
✓Strong Piotroski F-Score: 7/9
✓Strong NIM of 4.6%
✓Efficient operations: 29.7% efficiency ratio
✓Well capitalized: 10.8% equity/assets
✓Good 3Y average ROE of 18.7%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y21.51%

5Y21.87%

3Y36.54%

TTM-

Profit (Net Income) CAGR

10Y18%

5Y18.74%

3Y21.61%

TTM-9.75%

EPS CAGR

10Y18.68%

5Y20.05%

3Y23.23%

TTM-9.56%

ROCE

10Y Avg14.82%

5Y Avg15.7%

3Y Avg18.17%

Latest18.13%

Peer Comparison

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GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Net Interest Income+	261.01M	313.23M	368.49M	408.61M	477.61M	538.74M	607.16M	783.12M	961.43M	1.13B
NII Growth %	0.31%	0.2%	0.18%	0.11%	0.17%	0.13%	0.13%	0.29%	0.23%	0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	317.71M	387.29M	475.07M	564.89M	622.84M	617.86M	659.73M	1.16B	1.66B	1.82B
Interest Expense	56.7M	74.06M	106.58M	156.28M	145.23M	79.12M	52.57M	374.02M	694.18M	687.69M
Loan Loss Provision	9.7M	11.06M	25.8M	27.35M	42.2M	23.75M	23.75M	24.25M	32.5M	55.74M
Non-Interest Income+	66.34M	68.13M	70.94M	79.94M	94.78M	94.11M	98.18M	107.06M	112M	114M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	384.05M	455.42M	546.01M	644.82M	717.62M	711.97M	757.91M	1.26B	1.77B	1.93B
Revenue Growth %	0.4%	0.19%	0.2%	0.18%	0.11%	-0.01%	0.06%	0.67%	0.4%	0.09%
Non-Interest Expense	112.76M	137.6M	173.94M	248.38M	267.56M	303.36M	341.63M	434.18M	405.45M	572.63M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	204.9M	232.69M	239.7M	212.81M	262.63M	305.74M	339.96M	431.74M	635.48M	613.39M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.45%	0.14%	0.03%	-0.11%	0.23%	0.16%	0.11%	0.27%	0.47%	-0.03%
Pretax Income+	204.9M	232.69M	239.7M	212.81M	262.63M	305.74M	339.96M	431.74M	635.48M	613.39M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	85.6M	97.95M	87.29M	57.67M	79.19M	90.04M	99.24M	124.58M	185.47M	180.49M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	119.29M	134.74M	152.41M	155.13M	183.44M	215.71M	240.72M	307.17M	450.01M	432.91M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.44%	0.13%	0.13%	0.02%	0.18%	0.18%	0.12%	0.28%	0.47%	-0.04%
Net Income (Continuing)	119.29M	134.74M	152.41M	155.13M	183.44M	215.71M	240.72M	307.17M	450.01M	432.91M
EPS (Diluted)+	1.85	2.07	2.38	2.49	2.98	3.56	3.97	5.07	7.66	7.43
EPS Growth %	0.38%	0.12%	0.15%	0.05%	0.2%	0.19%	0.12%	0.28%	0.51%	-0.03%
EPS (Basic)	1.85	2.07	2.36	2.51	3.01	3.64	4.04	5.15	7.82	7.61
Diluted Shares Outstanding	64.31M	64.94M	64.15M	62.38M	61.44M	60.52M	60.61M	60.57M	58.73M	58.24M

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	486.63M	628.17M	622.75M	511.13M	1.76B	715.62M	1.2B	2.23B	1.98B	1.93B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	6.87B	7.66B	8.65B	9.65B	10.92B	11.64B	14.37B	16.71B	19.39B	21.13B
Investments Growth %	0.27%	0.12%	0.13%	0.12%	0.13%	0.07%	0.23%	0.16%	0.16%	0.09%
Long-Term Investments	6.61B	7.4B	8.47B	9.42B	10.73B	11.46B	14.11B	16.48B	19.25B	21.06B
Accounts Receivables	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	35.72M	71.22M	71.22M	71.22M	95.67M	97.67M	97.67M	97.67M
Intangible Assets	3.94M	7.2M	42.82M	73.45M	64.84M	62.66M	85.94M	79.92M	73.02M	64.05M
PP&E (Net)	13.99M	16.66M	21.45M	0	0	0	105.41M	0	0	0
Other Assets	155.67M	130.16M	148.45M	713.55M	823.56M	1.4B	1.02B	850.72M	1.08B	1.31B
Total Current Assets	778.27M	913.42M	803.05M	941.83M	2.16B	1.27B	1.88B	2.84B	2.36B	2.25B
Total Non-Current Assets	6.82B	7.59B	8.74B	10.28B	11.69B	12.99B	15.52B	17.51B	20.49B	22.53B
Total Assets+	7.6B	8.5B	9.54B	11.22B	13.85B	14.27B	17.46B	20.35B	22.86B	24.78B
Asset Growth %	0.31%	0.12%	0.12%	0.18%	0.23%	0.03%	0.22%	0.17%	0.12%	0.08%
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%
Accounts Payable	1.67M	1.28M	0	238.6M	347.61M	535.42M	511.65M	445.48M	301.13M	350.61M
Total Debt+	818.02M	714.46M	511.55M	627.43M	478.29M	574.86M	562.74M	451.78M	415.68M	372.67M
Net Debt	331.39M	86.29M	-111.2M	116.3M	-1.28B	-140.77M	-639.84M	-1.78B	-1.56B	-1.56B
Long-Term Debt	783.02M	694.46M	511.55M	627.43M	326.34M	574.86M	535.24M	451.78M	385.68M	372.67M
Short-Term Debt	35M	20M	0	0	151.95M	0	27.5M	0	30M	0
Other Liabilities	51.98M	52.18M	82.09M	297.98M	458.46M	938.55M	737.37M	410.95M	488.71M	549.58M
Total Current Liabilities	6.08B	6.92B	7.99B	9.22B	11.84B	11.35B	14.49B	17.57B	19.69B	21.18B
Total Non-Current Liabilities	835M	746.64M	593.64M	925.41M	784.79M	1.51B	1.27B	862.73M	874.39M	922.25M
Total Liabilities	6.92B	7.67B	8.58B	10.15B	12.62B	12.86B	15.81B	18.43B	20.56B	22.1B
Total Equity+	683.59M	834.25M	960.51M	1.07B	1.23B	1.4B	1.64B	1.92B	2.29B	2.68B
Equity Growth %	0.28%	0.22%	0.15%	0.12%	0.15%	0.14%	0.17%	0.17%	0.19%	0.17%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.2%	0.18%	0.17%	0.15%	0.16%	0.16%	0.16%	0.17%	0.21%	0.17%
Book Value per Share	10.63	12.85	14.97	17.20	20.03	23.15	27.11	31.65	39.00	46.03
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	645K	651K	658K	666K	673K	681K	689K	695K	702K	711K
Additional Paid-in Capital	331.16M	346.12M	366.51M	389.94M	411.87M	432.55M	453.78M	479.88M	510.23M	548.89M
Retained Earnings	384.81M	519.25M	671.35M	826.17M	1.01B	1.19B	1.43B	1.74B	2.19B	2.62B
Accumulated OCI	-7.3M	487K	-613K	16K	-937K	2.51M	-2.93M	-6.61M	-2.47M	348K
Treasury Stock	-30.79M	-37.32M	-82.46M	-148.81M	-195.13M	-222.53M	-237.01M	-292.41M	-403.49M	-487.8M
Preferred Stock	5.06M	5.06M	5.06M	5.06M	5.06M	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	166.9M	198.5M	167.91M	204.42M	284.12M	412.58M	216.62M	196.71M	305.48M	490.33M
Operating CF Growth %	0.44%	0.19%	-0.15%	0.22%	0.39%	0.45%	-0.47%	-0.09%	0.55%	0.61%
Net Income	119.29M	134.74M	152.41M	155.13M	183.44M	215.71M	240.72M	307.17M	450.01M	432.91M
Depreciation & Amortization	4.79M	6.09M	8.57M	16.47M	34.99M	30.44M	24.6M	23.39M	27.09M	29.02M
Deferred Taxes	-6.65M	-2.22M	17.03M	-8.69M	-6.55M	-8.83M	-9.4M	-19.59M	33.13M	-27.96M
Other Non-Cash Items	43.83M	39.95M	-11.55M	13.93M	-2.47M	48.27M	42.49M	4.75M	-117.51M	-64.99M
Working Capital Changes	-5.7M	5.4M	-18.95M	4.13M	52.78M	106.51M	-103.02M	-145.11M	-122.44M	79.38M
Cash from Investing+	-1.54B	-788.73M	-1.03B	-931.74M	-1.35B	-866.77M	-2.78B	-2.4B	-2.59B	-1.84B
Purchase of Investments	-161.4M	-249.91M	-100.5M	-146.89M	-304.93M	-122.34M	-150.17M	-41.7M	-22.01M	-41.68M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	-70M	67.34M	0	0	-54.6M	-5.53M	0	0
Other Investing	-1.46B	-998.57M	-1.04B	-941.76M	-1.36B	-808.66M	-2.69B	-2.38B	-2.64B	-1.85B
Cash from Financing+	1.63B	747.05M	837.4M	961.84M	2.16B	-458.56M	3.1B	3.01B	2.09B	1.34B
Dividends Paid	-309K	-309K	-309K	-232K	-386K	-103K	0	0	0	0
Share Repurchases	0	-6.53M	-35.18M	-56.44M	-38.86M	-21.91M	-14.48M	-48.96M	-96.29M	-58.2M
Stock Issued	21.27M	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K
Other Financing	1.59B	855.89M	1.08B	987.91M	2.35B	-534.29M	3.13B	3.17B	2.22B	1.44B
Net Change in Cash+	263.85M	156.81M	-20.69M	234.52M	1.09B	-912.74M	536.92M	807.39M	-196.31M	-9.42M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	222.87M	486.73M	643.54M	622.85M	857.37M	1.95B	1.04B	1.57B	2.38B	2.19B
Cash at End	486.73M	643.54M	622.85M	857.37M	1.95B	1.04B	1.57B	2.38B	2.19B	2.18B
Interest Paid	56.3M	74.44M	106.11M	152.76M	145.45M	78M	50.27M	368.31M	698.96M	687.24M
Income Taxes Paid	89.18M	102.48M	79.63M	64.12M	80.43M	92.51M	99.7M	131.37M	200.81M	153.69M
Free Cash Flow+	156.66M	189.74M	156.1M	184.34M	271.79M	402.14M	195.12M	166.49M	269.52M	436.12M
FCF Growth %	0.41%	0.21%	-0.18%	0.18%	0.47%	0.48%	-0.51%	-0.15%	0.62%	0.62%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.6%	17.75%	16.98%	15.26%	15.92%	16.39%	15.82%	17.26%	21.39%	17.42%
Return on Assets (ROA)	1.78%	1.67%	1.69%	1.49%	1.46%	1.53%	1.52%	1.63%	2.08%	1.82%
Net Interest Margin	3.43%	3.68%	3.86%	3.64%	3.45%	3.78%	3.48%	3.85%	4.21%	4.55%
Efficiency Ratio	29.36%	30.22%	31.86%	38.52%	37.28%	42.61%	45.08%	34.34%	22.94%	29.68%
Equity / Assets	8.99%	9.81%	10.07%	9.56%	8.89%	9.82%	9.41%	9.42%	10.02%	10.82%
Book Value / Share	10.63	12.85	14.97	17.2	20.03	23.15	27.11	31.65	39	46.03
NII Growth	31.2%	20.01%	17.64%	10.89%	16.89%	12.8%	12.7%	28.98%	22.77%	17.3%

Revenue by Segment

	2019	2020	2022	2023	2024	2025
Advisory Fee Income	-	-	28.31M	28.32M	31.34M	31.79M
Advisory Fee Income Growth	-	-	-	0.05%	10.63%	1.46%
Broker Dealer Clearing Fees	11.74M	23.21M	19.75M	21.9M	20.64M	22.23M
Broker Dealer Clearing Fees Growth	-	97.75%	-14.89%	10.88%	-5.75%	7.70%
Deposit Service Fees	3.51M	4.24M	4.51M	4.52M	4.26M	5.43M
Deposit Service Fees Growth	-	20.69%	6.32%	0.20%	-5.76%	27.55%
Card Fees	5.34M	5.04M	3.76M	4.41M	2.52M	2.87M
Card Fees Growth	-	-5.62%	-25.32%	17.16%	-42.95%	13.95%
Bankruptcy Trustees and Fiduciary Service Fees	7.04M	1.27M	3.1M	6.11M	-	-
Bankruptcy Trustees and Fiduciary Service Fees Growth	-	-81.92%	143.63%	97.06%	-	-

Frequently Asked Questions

Valuation & Price

Axos Financial, Inc. (AX) has a price-to-earnings (P/E) ratio of 12.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Axos Financial, Inc. (AX) grew revenue by 9.2% over the past year. This is steady growth.

Yes, Axos Financial, Inc. (AX) is profitable, generating $432.9M in net income for fiscal year 2025 (22.4% net margin).

Dividend & Returns

Axos Financial, Inc. (AX) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.

Industry Metrics

Axos Financial, Inc. (AX) has a net interest margin (NIM) of 4.6%. This indicates healthy earnings from lending activities.

Axos Financial, Inc. (AX) has an efficiency ratio of 29.7%. This is excellent, indicating strong cost control.

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