NYSE : AX
Axos Financial, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 92.55 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.25B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.92B | 1.86B | 1.68B | 1.52B | 1.07B | 647.14M |
| Interest Income on Investments | 85.58M | 93.56M | 135.19M | 133.63M | 89.61M | 12.59M |
| Total Interest Income | 2.01B | 1.96B | 1.82B | 1.66B | 1.16B | 659.73M |
| Interest Paid on Deposits | 642.38M | 646.37M | 667.75M | 670.57M | 339.48M | 33.62M |
| Interest Paid on Borrowings | 78.80M | 63.68M | 19.94M | 23.61M | 34.54M | 18.95M |
| Total Interest Expense | 721.18M | 710.04M | 687.69M | 694.18M | 374.02M | 52.57M |
| Net Interest Income | 1.29B | 1.25B | 1.13B | 961.43M | 783.12M | 607.16M |
| Mortgage Banking Activities | 7.17M | 6.11M | 13.01M | 10.00M | 7.10M | 19.20M |
| Other Non-Interest Income | 257.88M | 227.47M | 118.06M | 120.26M | 113.39M | 94.17M |
| Total Non-Interest Income | 265.06M | 233.58M | 131.07M | 130.26M | 120.49M | 113.36M |
| Revenues Before Loan Losses | 1.55B | 1.48B | 1.26B | 1.09B | 903.61M | 720.52M |
| Provision for Loan Losses | 108.35M | 101.11M | 55.74M | 32.50M | 24.25M | 23.75M |
| Revenue | 1.44B | 1.38B | 1.20B | 1.06B | 879.36M | 696.77M |
| Salaries and Employee Benefits | 286.62M | 278.79M | 255.98M | 215.68M | 178.17M | 146.15M |
| Occupancy Expenses | 113.45M | 90.21M | 35.42M | 31.39M | 27.63M | 27.54M |
| Federal Deposit Insurance | 29.47M | 27.69M | 27.56M | 20.55M | 15.53M | 11.82M |
| Selling, General & Administrative | 324.58M | 318.29M | 253.67M | 230.23M | 212.84M | 145.14M |
| Other Non-Interest Expense | 17.77M | 17.73M | 17.07M | 18.26M | 13.43M | 15.18M |
| Total Non-Interest Expense | 771.88M | 732.72M | 589.70M | 516.11M | 447.62M | 345.84M |
| EBT Excluding Unusual Items | 671.94M | 646.67M | 613.39M | 543.08M | 431.74M | 350.93M |
| Other Unusual Items | 92.40M | -10.97M | ||||
| Pretax Income | 671.94M | 646.67M | 613.39M | 635.48M | 431.74M | 339.96M |
| Income Tax Expense | 164.27M | 156.30M | 180.49M | 185.47M | 124.58M | 99.24M |
| Net Income | 507.67M | 490.37M | 432.91M | 450.01M | 307.17M | 240.72M |
| Net Income to Common | 507.67M | 490.37M | 432.91M | 450.01M | 307.17M | 240.72M |
| Basic Shares Outstanding | 56.72M | 56.66M | 56.86M | 57.51M | 59.69M | 59.52M |
| Diluted Shares Outstanding | 57.78M | 57.84M | 58.24M | 58.73M | 60.57M | 60.61M |
| EPS (Basic) | 8.95 | 8.66 | 7.61 | 7.82 | 5.15 | 4.04 |
| EPS (Diluted) | 8.79 | 8.48 | 7.43 | 7.66 | 5.07 | 3.97 |
| Effective Tax Rate | 24.45% | 24.17% | 29.42% | 29.19% | 28.85% | 29.19% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.63B | 1.11B | 1.93B | 1.98B | 2.23B | 1.20B |
| Investment Securities | 819.21M | 833.31M | 88.56M | 69.30M | 36.68M | 50.38M |
| Trading Asset Securities | 30.15M | 17.60M | 18.38M | 107.15M | 1.68M | 2.22M |
| Mortgage-Backed Securities | 68.56M | 71.25M | 62.33M | 138.19M | 228.95M | 212.14M |
| Total Investments | 917.92M | 922.16M | 169.27M | 314.63M | 267.31M | 264.74M |
| Gross Loans | 26.69B | 26.42B | 21.79B | 20.02B | 16.96B | 14.56B |
| Allowance for Loan Losses | -304.36M | -347.38M | -290.05M | -260.54M | -166.68M | -148.62M |
| Other Adjustments to Gross Loans | -142.08M | -153.26M | -212.04M | -310.88M | -28.62M | -14.00M |
| Net Loans | 26.24B | 25.92B | 21.28B | 19.45B | 16.77B | 14.40B |
| Property, Plant & Equipment | 195.58M | 158.50M | 132.61M | 116.93M | 105.41M | |
| Goodwill | 144.53M | 144.33M | 97.67M | 97.67M | 97.67M | 95.67M |
| Other Intangible Assets | 126.97M | 104.99M | 36.83M | 44.10M | 54.48M | 60.73M |
| Loans Held for Sale | 17.96M | 20.07M | 10.01M | 16.48M | 23.98M | 15.91M |
| Other Receivables | 22.09M | 14.09M | 17.89M | 57.73M | 101.96M | |
| Restricted Cash | 243.06M | 199.17M | 242.51M | 205.80M | 149.06M | 372.11M |
| Other Current Assets | 11.06M | 3.76M | 1.90M | 7.03M | 6.24M | |
| Long-Term Deferred Tax Assets | 78.51M | 51.67M | 85.90M | 66.26M | ||
| Other Real Estate Owned & Foreclosed | 2.09M | 1.82M | 5.04M | 2.45M | 8.10M | 798.00K |
| Other Long-Term Assets | 1.52B | 1.31B | 748.57M | 538.53M | 481.21M | 708.47M |
| Total Assets | 30.84B | 29.96B | 24.78B | 22.86B | 20.35B | 17.40B |
| Accounts Payable | 445.95M | 387.18M | 235.16M | 205.05M | 151.28M | 177.12M |
| Accrued Expenses | 38.78M | 17.32M | 18.11M | 74.76M | 18.60M | |
| Interest Bearing Deposits | 21.79B | 20.74B | 17.79B | 16.38B | 13.84B | 8.51B |
| Institutional Deposits | 382.13M | 403.62M | ||||
| Non-Interest Bearing Deposits | 3.63B | 3.83B | 3.04B | 2.98B | 2.90B | 5.03B |
| Total Deposits | 25.41B | 24.57B | 20.83B | 19.36B | 17.12B | 13.95B |
| Short-Term Borrowings | 314.41M | 247.24M | 207.92M | 177.13M | 160.52M | 474.40M |
| Current Portion of Long-Term Debt | 198.29M | 94.00M | 7.40M | 30.00M | 27.50M | |
| Current Portion of Leases | 15.99M | |||||
| Long-Term Debt | 656.53M | 914.44M | 300.12M | 320.52M | 356.62M | 440.09M |
| Federal Home Loan Bank Debt, Long-Term | 60.00M | 60.00M | 60.00M | 60.00M | 90.00M | 90.00M |
| Long-Term Leases | 40.18M | 59.12M | 65.92M | 69.63M | 74.88M | |
| Trust Preferred Securities | 5.16M | 5.16M | 5.16M | 5.16M | 5.16M | |
| Long-Term Deferred Tax Liabilities | 16.06M | |||||
| Other Long-Term Liabilities | 467.79M | 411.03M | 380.67M | 323.63M | 400.23M | 504.03M |
| Total Liabilities | 27.56B | 26.80B | 22.10B | 20.56B | 18.43B | 15.76B |
| Common Stock | 721.00K | 719.00K | 711.00K | 702.00K | 695.00K | 689.00K |
| Additional Paid-In Capital | 602.27M | 592.92M | 548.89M | 510.23M | 479.88M | 453.78M |
| Retained Earnings | 3.24B | 3.11B | 2.62B | 2.19B | 1.74B | 1.43B |
| Treasury Stock | -554.19M | -540.03M | -487.80M | -403.49M | -292.41M | -237.01M |
| Comprehensive Income & Other | 1.45M | 3.91M | 348.00K | -2.47M | -6.61M | -2.93M |
| Total Common Equity | 3.29B | 3.17B | 2.68B | 2.29B | 1.92B | 1.64B |
| Shareholders' Equity | 3.29B | 3.17B | 2.68B | 2.29B | 1.92B | 1.64B |
| Total Liabilities & Equity | 30.84B | 29.96B | 24.78B | 22.86B | 20.35B | 17.40B |
| Total Debt | 1.23B | 1.38B | 639.71M | 658.73M | 681.93M | 1.11B |
| Net Cash (Debt) | 434.49M | -250.77M | 1.31B | 1.43B | 1.55B | 92.79M |
| Net Cash Per Share | 7.52 | -4.34 | 22.54 | 24.32 | 25.64 | 1.53 |
| Filing Date Shares Outstanding | 56.72M | 56.73M | 56.49M | 56.89M | 59.98M | 59.97M |
| Total Common Shares Outstanding | 56.78M | 56.73M | 56.48M | 56.89M | 58.94M | 59.78M |
| Book Value Per Share | 57.92 | 55.81 | 47.46 | 40.26 | 32.53 | 27.48 |
| Tangible Book Value | 3.02B | 2.92B | 2.55B | 2.15B | 1.77B | 1.49B |
| Tangible Book Value Per Share | 53.14 | 51.42 | 45.08 | 37.77 | 29.94 | 24.87 |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 507.67M | 490.37M | 432.91M | 450.01M | 307.17M | 240.72M |
| Depreciation & Amortization | 18.20M | -10.26M | -79.06M | -31.19M | 21.77M | 28.53M |
| Provision for Credit Losses | 108.35M | 101.11M | 55.74M | 32.50M | 24.25M | 23.75M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -12.71M | -17.24M | -4.64M | 12.20M | -11.52M | 33.04M |
| Change in Accounts Payable | 151.36M | 111.04M | 31.02M | 20.43M | -367.00K | 34.70M |
| Change in Other Net Operating Assets | -135.81M | -267.98M | -1.12M | 1.48M | -78.57M | -113.95M |
| Other Operating Activities | 62.91M | 96.31M | -26.38M | 30.24M | -17.95M | -11.40M |
| Operating Cash Flow | 733.09M | 542.41M | 440.85M | 449.83M | 262.88M | 240.39M |
| Capital Expenditures | -316.75M | -266.45M | -54.21M | -35.96M | -30.21M | -21.50M |
| Cash Acquisitions | -7.46M | -474.45M | -5.53M | -54.60M | ||
| Investment in Securities | -775.66M | -770.86M | 58.64M | 84.24M | 16.29M | -18.30M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -3.31B | -3.53B | -1.74B | -2.64B | -2.39B | -2.70B |
| Other Investing Activities | 6.77M | 6.62M | -110.16M | 6.75M | 7.23M | 8.75M |
| Investing Cash Flow | -4.41B | -5.04B | -1.84B | -2.59B | -2.40B | -2.78B |
| Long-Term Debt Issued | 294.00M | 225.30M | ||||
| Long-Term Debt Repaid | -365.04M | -43.17M | -36.14M | -111.80M | -236.00M | |
| Net Debt Issued (Repaid) | -428.95M | -71.04M | -43.17M | -36.14M | -111.80M | -10.70M |
| Repurchase of Common Stock | -54.91M | -52.23M | -85.84M | -112.48M | -55.11M | -14.48M |
| Net Increase (Decrease) in Deposit Accounts | 3.15B | 3.75B | 1.52B | 2.09B | 3.11B | 3.11B |
| Other Financing Activities | -311.00K | -2.86M | -2.12M | |||
| Financing Cash Flow | 2.67B | 3.62B | 1.39B | 1.94B | 2.94B | 3.08B |
| Net Cash Flow | -1.01B | -868.55M | -9.42M | -196.31M | 807.39M | 536.92M |
| Free Cash Flow | 416.35M | 275.96M | 386.64M | 413.87M | 232.67M | 218.89M |
| Free Cash Flow Margin | 28.84% | 20.01% | 32.14% | 39.07% | 26.46% | 31.41% |
| Free Cash Flow Per Share | 7.21 | 4.77 | 6.64 | 7.05 | 3.84 | 3.61 |
| Cash Interest Paid | 712.55M | 705.17M | 687.24M | 698.96M | 368.31M | 50.27M |
| Cash Income Tax Paid | 105.45M | 105.45M | 153.67M | 200.49M | 131.37M | 99.70M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.13B | 5.54B | 4.29B | 3.26B | 2.33B | 2.14B |
| Last Close Price | 90.38 | 97.39 | 76.04 | 57.15 | 39.44 | 35.85 |
| PE Ratio | 10.28 | 11.30 | 9.90 | 7.24 | 7.59 | 8.89 |
| PS Ratio | 3.55 | 4.02 | 3.56 | 3.07 | 2.65 | 3.07 |
| PB Ratio | 1.56 | 1.75 | 1.60 | 1.42 | 1.22 | 1.30 |
| P/FCF Ratio | 12.31 | 20.07 | 11.09 | 7.87 | 10.02 | 9.77 |
| P/OCF Ratio | 6.99 | 10.21 | 9.72 | 7.24 | 8.87 | 8.90 |
| Debt / Equity Ratio | 0.37 | 0.43 | 0.24 | 0.29 | 0.36 | 0.68 |
| Debt / FCF Ratio | 2.95 | 4.99 | 1.66 | 1.59 | 2.93 | 5.08 |
| Net Debt / Equity Ratio | -0.13 | 0.08 | -0.49 | -0.62 | -0.81 | -0.06 |
| Net Debt / FCF Ratio | -1.04 | 0.91 | -3.40 | -3.45 | -6.67 | -0.42 |
| Return on Equity (ROE) | 16.69% | 16.77% | 17.42% | 21.39% | 17.26% | 15.82% |
| Return on Assets (ROA) | 1.74% | 1.79% | 1.82% | 2.08% | 1.63% | 1.52% |
| Earnings Yield | 9.72% | 8.85% | 10.10% | 13.82% | 13.18% | 11.25% |
| FCF Yield | 8.12% | 4.98% | 9.02% | 12.71% | 9.98% | 10.23% |
| Buyback Yield / Dilution | 0.63% | 0.69% | 0.83% | 3.04% | 0.07% | -0.15% |