Axos Financial, Inc. (AX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AX Revenue Growth
Revenue Breakdown (FY 2025)
AX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AX Revenue Analysis (2014–2025)
As of May 8, 2026, Axos Financial, Inc. (AX) generated trailing twelve-month (TTM) revenue of $479.4 million, reflecting significant decline in growth of -328.8% year-over-year. The most recent quarter (Q3 2026) recorded $-1,056,814,000 in revenue, down 287.7% sequentially.
Looking at the longer-term picture, AX's 5-year compound annual growth rate (CAGR) stands at +21.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.93 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AX's business is primarily driven by Advisory Fee Income (51%), Broker Dealer Clearing Fees (36%), and Deposit Service Fees (9%). With over half of revenue concentrated in Advisory Fee Income, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including WAL, CUBI, and BANR. Compare AX vs WAL →
AX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AXCurrent | $479M | -328.8% | +21.9% | 31.8% | |
 WAL | $5.3B | - | - | 22.9% | |
 CUBI | $1.4B | - | - | 22.0% | |
 BANR | $819M | - | - | 29.5% | |
 ALLY | $12.2B | - | - | 8.6% | |
 SLM | $3.1B | - | - | 31.9% |
AX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.93B | - | $1.19B | 61.5% | $613.4M | 31.8% |
| 2024 | $1.77B | - | $1.04B | 58.9% | $635.5M | 36.0% |
| 2023 | $1.26B | - | $865.9M | 68.5% | $431.7M | 34.2% |
| 2022 | $757.9M | - | $681.6M | 89.9% | $340.0M | 44.9% |
| 2021 | $712.0M | - | $609.1M | 85.6% | $305.7M | 42.9% |
| 2020 | $717.6M | - | $530.2M | 73.9% | $262.6M | 36.6% |
| 2019 | $644.8M | - | $461.2M | 71.5% | $212.8M | 33.0% |
| 2018 | $546.0M | - | $413.6M | 75.8% | $239.7M | 43.9% |
| 2017 | $455.4M | - | $370.3M | 81.3% | $232.7M | 51.1% |
| 2016 | $384.0M | - | $317.7M | 82.7% | $204.9M | 53.4% |
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Start ComparisonAX — Frequently Asked Questions
Quick answers to the most common questions about buying AX stock.
Is AX's revenue growth accelerating or slowing?
AX revenue declined -328.8% year-over-year, contrasting with the 5-year CAGR of +21.9%. TTM revenue fell to $479M. This reverses the prior growth trend.
What is AX's long-term revenue growth rate?
Axos Financial, Inc.'s 5-year revenue CAGR of +21.9% reflects the variable expansion pattern. Current YoY growth of -328.8% is below this long-term average.
How is AX's revenue distributed by segment?
AX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.