Axos Financial, Inc.
AX NYSE Savings Institution, Federally Chartered Financials FY2017–FY2026
Revenue
Total sales reported in the income statement.
$81.3M
23.5%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
901.8%
5.4 pts
Net income
Profit after all expenses, interest and tax.
$490M
13.3%
Return on equity
Net income as a share of average shareholders' equity.
16.8%
0.6 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $8.48 EPS (TTM)
What Axos Financial, Inc. does
No business description yet.
- Legal name
- Axos Financial, Inc.
- Fiscal year ends
- June 30, 2026
- Latest annual report
- 10-K · Aug 20, 2026
- Accession · CIK
- 0001299709-26-000060
0001299709
Revenue and margins
Axos Financial, Inc. had $81.3M of revenue in fiscal 2026, up 23.5% on the year before.
FY17
Revenue $381M
FY18
Revenue $8.8M
FY19
Revenue $27.6M
FY20
Revenue $26.8M
FY21
Revenue $31.3M
FY22
Revenue $59.4M
FY23
Revenue $65.3M
FY24
Revenue $64.6M
FY25
Revenue $65.8M
FY26
Revenue $81.3M
Q1 '24
Revenue $246M
Q2 '24
Revenue $353M
Q3 '24
Revenue $295M
Q4 '24
Revenue $291M
Q1 '25
Revenue $321M
Q2 '25
Revenue $308M
Q3 '25
Revenue $309M
Q4 '25
Revenue $321M
Q1 '26
Revenue $323M
Q2 '26
Revenue $385M
Q3 '26
Revenue $392M
Q4 '26
Revenue $380M
FY17
Net interest share 82.1%
Efficiency ratio 36.1%
FY18
Net interest share 4,171.8%
Efficiency ratio 1,969.2%
FY19
Net interest share 1,479.1%
Efficiency ratio 909.3%
FY20
Net interest share 1,781.0%
Efficiency ratio 1,028.3%
FY21
Net interest share 1,719.4%
Efficiency ratio 1,003.7%
FY22
Net interest share 1,021.6%
Efficiency ratio 600.4%
FY23
Net interest share 1,200.0%
Efficiency ratio 685.9%
FY24
Net interest share 1,487.3%
Efficiency ratio 798.4%
FY25
Net interest share 1,714.2%
Efficiency ratio 896.3%
FY26
Net interest share 1,534.6%
Efficiency ratio 901.8%
Net interest share
Efficiency ratio
Q1 '24
Net interest share 86.0%
Efficiency ratio 49.1%
Q2 '24
Net interest share 64.8%
Efficiency ratio 34.5%
Q3 '24
Net interest share 88.7%
Efficiency ratio 45.2%
Q4 '24
Net interest share 89.4%
Efficiency ratio 48.3%
Q1 '25
Net interest share 91.1%
Efficiency ratio 46.0%
Q2 '25
Net interest share 91.0%
Efficiency ratio 47.2%
Q3 '25
Net interest share 89.2%
Efficiency ratio 47.4%
Q4 '25
Net interest share 87.2%
Efficiency ratio 46.9%
Q1 '26
Net interest share 90.0%
Efficiency ratio 48.3%
Q2 '26
Net interest share 86.1%
Efficiency ratio 47.9%
Q3 '26
Net interest share 78.1%
Efficiency ratio 47.4%
Q4 '26
Net interest share 83.7%
Efficiency ratio 54.2%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew 16.8% a year. Loss periods are shown in red.
FY17
Net income $135M
FY18
Net income $152M
FY19
Net income $155M
FY20
Net income $183M
FY21
Net income $216M
FY22
Net income $241M
FY23
Net income $307M
FY24
Net income $450M
FY25
Net income $433M
FY26
Net income $490M
Q1 '24
Net income $82.6M
Q2 '24
Net income $152M
Q3 '24
Net income $111M
Q4 '24
Net income $105M
Q1 '25
Net income $112M
Q2 '25
Net income $105M
Q3 '25
Net income $105M
Q4 '25
Net income $111M
Q1 '26
Net income $112M
Q2 '26
Net income $128M
Q3 '26
Net income $125M
Q4 '26
Net income $125M
FY17
Diluted EPS $2.10
FY18
Diluted EPS $2.37
FY19
Diluted EPS $2.48
FY20
Diluted EPS $2.98
FY21
Diluted EPS $3.56
FY22
Diluted EPS $3.97
FY23
Diluted EPS $5.07
FY24
Diluted EPS $7.66
FY25
Diluted EPS $7.43
FY26
Diluted EPS $8.48
Q1 '24
Diluted EPS $1.38
Q2 '24
Diluted EPS $2.62
Q3 '24
Diluted EPS $1.91
Q4 '24
Diluted EPS $1.75
Q1 '25
Diluted EPS $1.93
Q2 '25
Diluted EPS $1.80
Q3 '25
Diluted EPS $1.81
Q4 '25
Diluted EPS $1.89
Q1 '26
Diluted EPS $1.94
Q2 '26
Diluted EPS $2.22
Q3 '26
Diluted EPS $2.15
Q4 '26
Diluted EPS $2.17
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY17
ROE 16.2%
ROTE 16.1%
Efficiency ratio 36.1%
FY18
ROE 17.0%
ROTE 17.0%
Efficiency ratio 1,969.2%
FY19
ROE 15.3%
ROTE 16.5%
Efficiency ratio 909.3%
FY20
ROE 15.9%
ROTE 16.6%
Efficiency ratio 1,028.3%
FY21
ROE 16.4%
ROTE 16.8%
Efficiency ratio 1,003.7%
FY22
ROE 15.8%
ROTE 16.2%
Efficiency ratio 600.4%
FY23
ROE 17.3%
ROTE 17.4%
Efficiency ratio 685.9%
FY24
ROE 21.4%
ROTE 20.9%
Efficiency ratio 798.4%
FY25
ROE 17.4%
ROTE 17.0%
Efficiency ratio 896.3%
FY26
ROE 16.8%
ROTE 16.8%
Efficiency ratio 901.8%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Axos Financial, Inc. returned $22.0M to shareholders in fiscal 2026, 8% of free cash flow. The diluted share count fell 0.4%.
FY17
Dividends —
Buybacks $0.0M
FY18
Dividends —
Buybacks $35.2M
FY19
Dividends —
Buybacks $56.4M
FY20
Dividends —
Buybacks $38.9M
FY21
Dividends —
Buybacks $16.8M
FY22
Dividends —
Buybacks $0.0M
FY23
Dividends —
Buybacks $49.0M
FY24
Dividends —
Buybacks $96.3M
FY25
Dividends —
Buybacks $58.2M
FY26
Dividends —
Buybacks $22.0M
Dividends
Buybacks
Q1 '24
Dividends —
Buybacks $18.5M
Q2 '24
Dividends —
Buybacks $64.1M
Q3 '24
Dividends —
Buybacks $0.6M
Q4 '24
Dividends —
Buybacks $13.1M
Q1 '25
Dividends —
Buybacks $0.0M
Q2 '25
Dividends —
Buybacks $0.0M
Q3 '25
Dividends —
Buybacks $25.9M
Q4 '25
Dividends —
Buybacks $32.3M
Q1 '26
Dividends —
Buybacks —
Q2 '26
Dividends —
Buybacks —
Q3 '26
Dividends —
Buybacks —
Q4 '26
Dividends —
Buybacks $22.0M
Dividends
Buybacks
FY17
Diluted shares 0.06B
FY18
Diluted shares 0.06B
FY19
Diluted shares 0.06B
FY20
Diluted shares 0.06B
FY21
Diluted shares 0.06B
FY22
Diluted shares 0.06B
FY23
Diluted shares 0.06B
FY24
Diluted shares 0.06B
FY25
Diluted shares 0.06B
FY26
Diluted shares 0.06B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY17
Loans $7.4B
Deposits $6.9B
FY18
Loans $8.4B
Deposits $8.0B
FY19
Loans $9.4B
Deposits $9.0B
FY20
Loans $10.6B
Deposits $11.3B
FY21
Loans $11.4B
Deposits $10.8B
FY22
Loans $14.1B
Deposits $13.9B
FY23
Loans $16.5B
Deposits $17.1B
FY24
Loans $19.2B
Deposits $19.4B
FY25
Loans $21.0B
Deposits $20.8B
FY26
Loans $25.6B
Deposits $24.6B
Loans
Deposits
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Loans, net | $14.1B | $16.5B | $19.2B | $21.0B | $25.6B |
| Deposits | $13.9B | $17.1B | $19.4B | $20.8B | $24.6B |
| Loans / deposits | 101.0% | 96.1% | 99.3% | 101.1% | 104.2% |
| Total assets | $17.4B | $20.3B | $22.9B | $24.8B | $30.0B |
| Shareholders' equity | $1.6B | $1.9B | $2.3B | $2.7B | $3.2B |
| Goodwill | $95.7M | $97.7M | $97.7M | $97.7M | $144M |
| Intangible assets | $60.7M | $54.5M | $44.1M | $36.8M | $105M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $381M | $8.8M | $27.6M | $26.8M | $31.3M | $59.4M | $65.3M | $64.6M | $65.8M | $81.3M |
| Net interest income | $313M | $368M | $409M | $478M | $539M | $607M | $783M | $961M | $1.1B | $1.2B |
| Noninterest income | $68.1M | $70.9M | $82.8M | $103M | $105M | $113M | $120M | $223M | $131M | $234M |
| Noninterest expense | $138M | $174M | $251M | $276M | $315M | $357M | $448M | $516M | $590M | $733M |
| Provision for credit losses | $11.1M | $25.8M | $27.4M | $42.2M | — | — | — | — | — | — |
| Interest expense | $74.1M | $107M | $156M | $145M | $79.1M | $52.6M | $374M | $694M | $688M | $710M |
| Pretax income | $233M | $240M | $213M | $263M | $306M | $340M | $432M | $635M | $613M | $647M |
| Income tax | $98.0M | $87.3M | $57.7M | $79.2M | $90.0M | $99.2M | $125M | $185M | $180M | $156M |
| Net income | $135M | $152M | $155M | $183M | $216M | $241M | $307M | $450M | $433M | $490M |
| Net income to common | $134M | $152M | $155M | $183M | $216M | $241M | $307M | — | — | — |
| Diluted EPS | $2.10 | $2.37 | $2.48 | $2.98 | $3.56 | $3.97 | $5.07 | $7.66 | $7.43 | $8.48 |
| Diluted shares | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B |
| Cash flow | ||||||||||
| Cash from operations | $198M | $168M | $204M | $284M | $413M | $217M | $197M | $305M | $490M | $558M |
| Capital expenditure | $8.8M | $11.8M | $20.1M | $12.3M | $10.4M | $21.5M | $30.2M | $36.0M | $54.2M | $266M |
| Free cash flow | $190M | $156M | $184M | $272M | $402M | $195M | $166M | $270M | $436M | $291M |
| Depreciation and amortization | $6.1M | $8.6M | $16.5M | $24.4M | $14.4M | $13.1M | $12.2M | $16.2M | $21.6M | $29.7M |
| Stock-based compensation | $14.5M | $20.4M | $23.4M | $21.9M | $20.7M | $21.2M | $26.1M | $35.2M | $42.0M | $44.3M |
| Acquisitions | $0.0M | $0.0M | −$67.3M | $0.0M | $0.0M | $54.6M | $5.5M | $0.0M | $0.0M | $474M |
| Share buybacks | $0.0M | $35.2M | $56.4M | $38.9M | $16.8M | $0.0M | $49.0M | $96.3M | $58.2M | $22.0M |
| Dividends and buybacks | $0.0M | $35.2M | $56.4M | $38.9M | $16.8M | $0.0M | $49.0M | $96.3M | $58.2M | $22.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $644M | $623M | $857M | $2.0B | $1.0B | $1.6B | $2.2B | $2.0B | $1.9B | $1.1B |
| Total debt | — | $54.6M | $169M | $236M | $221M | $445M | $362M | $326M | $313M | $343M |
| Loans, net | $7.4B | $8.4B | $9.4B | $10.6B | $11.4B | $14.1B | $16.5B | $19.2B | $21.0B | $25.6B |
| Deposits | $6.9B | $8.0B | $9.0B | $11.3B | $10.8B | $13.9B | $17.1B | $19.4B | $20.8B | $24.6B |
| Property and equipment, net | $16.7M | $21.5M | $33.2M | $30.6M | $26.3M | $36.2M | $53.4M | $72.6M | $105M | $145M |
| Goodwill | — | $35.7M | $71.2M | $71.2M | $71.2M | $95.7M | $97.7M | $97.7M | $97.7M | $144M |
| Intangible assets | $0.0M | $32.1M | $63.7M | $54.2M | $44.7M | $60.7M | $54.5M | $44.1M | $36.8M | $105M |
| Total assets | $8.5B | $9.5B | $11.2B | $13.9B | $14.3B | $17.4B | $20.3B | $22.9B | $24.8B | $30.0B |
| Total liabilities | $7.7B | $8.6B | $10.1B | $12.6B | $12.9B | $15.8B | $18.4B | $20.6B | $22.1B | $26.8B |
| Preferred stock | — | — | — | — | $0.0M | $0.0M | — | — | — | — |
| Shareholders' equity | $834M | $961M | $1.1B | $1.2B | $1.4B | $1.6B | $1.9B | $2.3B | $2.7B | $3.2B |
| Margins | ||||||||||
| Net margin | 35.3% | 1,725.5% | 561.5% | 684.0% | 688.4% | 405.0% | 470.7% | 696.2% | 658.0% | 603.5% |
| FCF margin | 49.8% | 1,767.2% | 667.3% | 1,013.5% | 1,283.4% | 328.3% | 255.1% | 416.9% | 662.9% | 358.3% |
| Net interest share of revenue | 82.1% | 4,171.8% | 1,479.1% | 1,781.0% | 1,719.4% | 1,021.6% | 1,200.0% | 1,487.3% | 1,714.2% | 1,534.6% |
| Efficiency ratio | 36.1% | 1,969.2% | 909.3% | 1,028.3% | 1,003.7% | 600.4% | 685.9% | 798.4% | 896.3% | 901.8% |
| Returns | ||||||||||
| Return on equity | 16.2% | 17.0% | 15.3% | 15.9% | 16.4% | 15.8% | 17.3% | 21.4% | 17.4% | 16.8% |
| Return on assets | 1.6% | 1.7% | 1.5% | 1.5% | 1.5% | 1.5% | 1.6% | 2.1% | 1.8% | 1.8% |
| Return on tangible equity | 16.1% | 17.0% | 16.5% | 16.6% | 16.8% | 16.2% | 17.4% | 20.9% | 17.0% | 16.8% |
| Growth | ||||||||||
| Revenue growth | — | −97.7% | 212.8% | −2.9% | 16.8% | 89.7% | 9.8% | −1.0% | 1.8% | 23.5% |
| Net income growth | — | 13.1% | 1.8% | 18.2% | 17.6% | 11.6% | 27.6% | 46.5% | −3.8% | 13.3% |
| EPS growth | — | 12.9% | 4.6% | 20.2% | 19.5% | 11.5% | 27.7% | 51.1% | −3.0% | 14.1% |
| FCF growth | — | −17.7% | 18.1% | 47.4% | 48.0% | −51.5% | −14.7% | 61.9% | 61.8% | −33.2% |
| Share count change | — | −0.8% | −2.0% | −1.8% | −2.6% | 0.5% | 0.3% | −3.7% | −1.1% | −0.4% |
| Financial health | ||||||||||
| Debt / equity | — | 0.1x | 0.2x | 0.2x | 0.2x | 0.3x | 0.2x | 0.1x | 0.1x | 0.1x |
| Loans / deposits | 106.9% | 105.6% | 104.4% | 93.8% | 105.5% | 101.0% | 96.1% | 99.3% | 101.1% | 104.2% |
| Provision / loans | 0.2% | 0.3% | 0.3% | 0.4% | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 2.3% | 133.8% | 72.7% | 46.0% | 33.3% | 36.2% | 46.3% | 55.6% | 82.4% | 327.9% |
| Stock comp / revenue | 3.8% | 230.9% | 84.8% | 81.8% | 66.0% | 35.7% | 40.0% | 54.4% | 63.8% | 54.5% |
| Payouts / FCF | 0.0% | 22.5% | 30.6% | 14.3% | 4.2% | 0.0% | 29.4% | 35.7% | 13.3% | 7.5% |
| Quality scores | ||||||||||
| Piotroski F-score | — | — | 5.0 | 4.0 | 7.0 | 3.0 | 4.0 | 5.0 | 5.0 | 6.0 |
| Accruals ratio | −0.7% | −0.2% | −0.5% | −0.8% | −1.4% | 0.2% | 0.6% | 0.7% | −0.2% | −0.2% |
Source: SEC EDGAR XBRL filings (CIK 0001299709). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.