Axos Financial, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Axos Financial, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue		8.83	27.6	26.8	31.3	59.4	65.3	64.6	65.8	81.3
Selling and marketing	9.37	15.5	14.7	14.5	14.2	13.6	37.2	42.8	47.8	49.1
Interest expense	74.1	107	156	145	79.1	52.6	374	694	688	710
Pre-tax income	233	240	213	263	306	340	432	635	613	647
Income tax	98	87.3	57.7	79.2	90	99.2	125	185	180	156
Net income	135	152	155	183	216	241	307	450	433	490
EPS, basic	2.11	2.41	2.50	3.01	3.64	4.04	5.15	7.82	7.61	8.66
EPS, diluted	2.10	2.37	2.48	2.98	3.56	3.97	5.07	7.66	7.43	8.48
Shares, basic (weighted)	63.4	63.1	61.9	60.8	59.2	59.5	59.7	57.5	56.9	56.7
Shares, diluted (weighted)	63.7	63.1	61.9	60.8	59.2	59.5	59.7	57.5	56.9	56.7

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	644	623	857	1,951	1,038	1,575	2,233	1,980	1,934	1,109
Property, plant and equipment	16.7	21.5	33.2	30.6	26.3	36.2	53.4	72.6	105	145
Lease right-of-use assets				73	64.1	69.2	63.6	60	53.4	50.8
Goodwill		35.7	71.2	71.2	71.2	95.7	97.7	97.7	97.7	144
Intangible assets	0	32.1	63.7	54.2	44.7	60.7	54.5	44.1	36.8	105
Total assets	8,502	9,540	11,220	13,852	14,266	17,401	20,348	22,855	24,783	29,962
Total liabilities	7,667	8,579	10,147	12,621	12,865	15,758	18,431	20,565	22,102	26,795
Total debt		54.6	169	236	221	445	362	326	313	343
Paid-in capital	346	367	390	412	433	454	480	510	549	593
Retained earnings	519	671	826	1,009	1,188	1,428	1,736	2,186	2,619	3,109
Treasury stock	-37.3	-82.5	-149	-195	-223	-237	-292	-403	-488	-540
Other comprehensive income	0.49	-0.61	0.02	-0.94	2.51	-2.93	-6.61	-2.47	0.35	3.91
Shareholders' equity	834	961	1,073	1,231	1,401	1,643	1,917	2,291	2,681	3,166
Total equity	834	961	1,073	1,231	1,401	1,643	1,917	2,291	2,681	3,166
Total liabilities and equity	8,502	9,540	11,220	13,852	14,266	17,401	20,348	22,855	24,783	29,962
Shares outstanding	63.5	62.7	61.1	59.6	59.3	59.8	58.9	56.9	56.5	56.7

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	135	152	155	183	216	241	307	450	433	490
Depreciation and amortization	6.09	8.57	16.5	24.4	14.4	13.1	12.2	16.2	21.6	29.7
Stock-based compensation	14.5	20.4	23.4	21.9	20.7	21.2	26.1	35.2	42	44.3
Deferred income tax	-2.22	17	-8.69	-6.55	-8.83	-9.4	-19.6	33.1	-28	93.2
Change in payables	0.47	28.1	11	17.7
Cash from operations	198	168	204	284	413	217	197	305	490	558
Capital expenditures	-8.76	-11.8	-20.1	-12.3	-10.4	-21.5	-30.2	-36	-54.2	-266
Acquisitions	0	0	67.3	0	0	-54.6	-5.53	0	0	-474
Purchases of investments	-250	-101	-147	-305	-122	-144	-32.7	-9.61	-22.4	-769
Sales and maturities of investments	161	44	15.9	0	74.7	132	58	0	0	0
Cash from investing	-789	-1,026	-932	-1,348	-867	-2,783	-2,399	-2,589	-1,841	-5,036
Debt repaid	-15	-20
Stock issued	0	0
Share buybacks	0	-35.2	-56.4	-38.9	-16.8	0	-49	-96.3	-58.2	-22
Cash from financing	747	837	962	2,157	-459	3,103	3,010	2,087	1,341	3,610
Net change in cash	157	-20.7	235	1,093	-913	537	807	-196	-9.42	-869
Free cash flow	190	156	184	272	402	195	166	270	436	291
Interest paid	74.4	106	153	145	78	50.3	368	699	687	705
Income taxes paid	102	79.6	64.1	80.4	92.5	99.7	131	200	154	105

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $88.52 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	795.9%	Pre-tax income / revenue.
Net margin	603.5%	Net income / revenue.
FCF margin	358.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	686.2%	Cash from operations / revenue.
Effective tax rate	24.2%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	16.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.8%	Net income / average total assets.
Stock-based pay / revenue	54.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	327.9%	Capital expenditures / revenue.
D&A / revenue	36.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	23.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	7.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	21.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	13.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	16.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	17.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	14.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	18.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	19.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	13.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	41.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	6.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-33.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	20.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-6.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	18.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	18.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	17.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	20.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	13.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	16.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.11x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	1.1%	Total debt / total assets.
Liabilities / assets	89.4%	Total liabilities / total assets.
Net debt	-$765.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	0.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	$2.92B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.00x	Revenue / average total assets.
Fixed asset turnover	0.65x	Revenue / average property, plant and equipment.
FCF conversion	59.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	47.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$8.48	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$8.66	Net income per basic share, as reported (split-adjusted).
Revenue per share	$1.43	Revenue / diluted weighted shares.
FCF per share	$5.14	Free cash flow / diluted weighted shares.
Operating cash flow per share	$9.84	Cash from operations / diluted weighted shares.
Book value per share	$55.81	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$51.42	Tangible book value / shares outstanding.
Cash per share	$19.54	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	7.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.04B	Share price x shares outstanding.
Enterprise value	$4.27B	Market cap + total debt - cash - short-term investments.
P/E	10.3x	Market cap / net income. Only when net income is positive.
P/S	62.0x	Market cap / revenue.
P/B	1.59x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.73x	Market cap / tangible book value, when positive.
P/FCF	17.3x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.03x	Market cap / cash from operations, when positive.
EV/Sales	52.5x	Enterprise value / revenue.
EV/FCF	14.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.8%	Free cash flow / market cap.
Earnings yield	9.7%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.4%	(Dividends paid + share buybacks) / market cap.
PEG	0.55x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Axos Financial, Inc.'s revenue in fiscal 2026?

Axos Financial, Inc. reported revenue of $81.3M for fiscal 2026, 23.5% higher than the year before.

Was Axos Financial, Inc. profitable in fiscal 2026?

Yes. Net income was $490.4M, a net margin of 603.5%.

How much free cash flow did Axos Financial, Inc. generate in fiscal 2026?

Cash from operations of $557.6M minus capital expenditures of $266.4M left free cash flow of $291.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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