Axon Enterprise, Inc. (AXON) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AXON Revenue Growth
Revenue Breakdown (FY 2025)
AXON's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AXON Revenue Analysis (2014–2025)
As of May 8, 2026, Axon Enterprise, Inc. (AXON) generated trailing twelve-month (TTM) revenue of $2.98 billion, reflecting explosive growth of +33.7% year-over-year. The most recent quarter (Q1 2026) recorded $807.3 million in revenue, up 1.3% sequentially.
Looking at the longer-term picture, AXON's 5-year compound annual growth rate (CAGR) stands at +32.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.78 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AXON's business is primarily driven by Software And Sensors Segment (43%), TASER X2 (33%), and Axon Body (14%).
When compared to Industrials sector peers including MSA (+5.6% YoY), VNET (+20.7% YoY), and MSI (+8.3% YoY), AXON has outperformed the peer group in terms of revenue growth. Compare AXON vs MSA →
AXON Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AXONCurrent | $3.0B | +33.7% | +32.5% | -2.2% | |
 MSA | $1.9B | +5.6% | +6.8% | 21.4% | |
 VNET | $8.3B | +20.7% | +16.9% | 8.1% | |
 MSI | $11.7B | +8.3% | +9.5% | 25.1% | |
 DGLY | $20M | -20.5% | +13.5% | -77.4% | |
 WRAP | $5M | +3.7% | +5.7% | -259.2% |
AXON Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.78B | +33.5% | $1.66B | 59.7% | $-62,076,000 | -2.2% |
| 2024 | $2.08B | +33.4% | $1.24B | 59.6% | $58.5M | 2.8% |
| 2023 | $1.56B | +31.2% | $955.5M | 61.2% | $159.4M | 10.2% |
| 2022 | $1.19B | +37.8% | $728.6M | 61.2% | $93.3M | 7.8% |
| 2021 | $863.4M | +26.8% | $531.1M | 61.5% | $-166,823,000 | -19.3% |
| 2020 | $681.0M | +28.3% | $416.3M | 61.1% | $-14,150,000 | -2.1% |
| 2019 | $530.9M | +26.4% | $307.3M | 57.9% | $-5,094,000 | -1.0% |
| 2018 | $420.1M | +22.2% | $258.6M | 61.6% | $26.8M | 6.4% |
| 2017 | $343.8M | +28.2% | $207.1M | 60.2% | $13.0M | 3.8% |
| 2016 | $268.2M | +35.6% | $170.5M | 63.6% | $32.2M | 12.0% |
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Start ComparisonAXON — Frequently Asked Questions
Quick answers to the most common questions about buying AXON stock.
Is AXON's revenue growth accelerating or slowing?
AXON revenue is accelerating at +33.7% year-over-year, exceeding the 5-year CAGR of +32.5%. TTM revenue reached $3.0B. Growth momentum has increased versus prior periods.
What is AXON's long-term revenue growth rate?
Axon Enterprise, Inc.'s 5-year revenue CAGR of +32.5% reflects the sustained expansion pattern. Current YoY growth of +33.7% is above this long-term average.
How is AXON's revenue distributed by segment?
AXON 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.