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Axos Financial, Inc., together with its subsidiaries, operates as a consumer and business banking provider in the United States. The company operates through two segments, Banking Business and Securities Business. It offers deposits products, including consumer and business checking, savings, time deposit, and commercial and deposits. The company also provides residential single family, multifamily, and commercial mortgage loans; commercial real estate secured, commercial and industrial non-real estate, and auto and consumer loans. In addition, it offers a range of investment and wealth management services, such as disclosed clearing, recordkeeping, trade reporting, and reorganization assistance services, as well as margin loans and securities lending services. The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is based in Las Vegas, Nevada.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | - | $433M | $436M | 16.1% | 15.7% | -3.8% |
| 2024 | $1.1B | - | $450M | $270M | 19.6% | 20.6% | 46.5% |
| 2023 | $890M | - | $307M | $166M | 16.0% | 26.2% | 27.6% |
| 2022 | $705M | - | $241M | $195M | 14.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 705.34 | 890.18 | 1,073.43 | 1,241.77 |
| Pretax Income | - | 339.96 | 431.74 | 635.48 | 613.40 |
| Tax Provision | - | 99.24 | 124.58 | 185.47 | 180.49 |
| Net Income | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Net Income Common Stockholders | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Interest Expense | - | 52.57 | 374.02 | 694.18 | 687.69 |
| Interest Income | - | 659.73 | 1,157.14 | 1,655.61 | 1,815.46 |
| Selling General And Administration | - | 230.65 | 305.32 | 348.16 | 407.90 |
| Normalized Income | - | 240.72 | 307.17 | 384.58 | 432.91 |
| Market Cap | 5,412.77 | 5,412.77 | 5,412.77 | 5,412.77 | 5,412.77 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Axos Financial, Inc.this co. | AX | $5.4B | 12.50↓ discount | 2.02 | 16.1% | - |
| MarketAxess Holdings Inc. | MKTX | $6.1B | 23.52 | 5.06 | 21.5% | 12.30 |
| Victory Capital Holdings, Inc. | VCTR | $5.9B | 14.11 | 1.92 | 13.6% | 9.48 |
| Mercury General Corporation | MCY | $5.3B | 9.88 | 2.21 | 22.4% | - |
| HA Sustainable Infrastructure Capital, Inc. | HASI |
| - |
| - |
| - |
| - |
| - |
| $5.2B |
| 28.91 |
| 2.07 |
| 7.2% |
| - |
| Moelis & Company | MC | $5.1B | 21.45 | 8.80 | 41.0% | 16.65 |
| Atlantic Union Bankshares Corporation | AUB | $5.0B | 19.55 | 1.07 | 5.5% | - |
| Radian Group Inc. | RDN | $5.0B | 8.33 | 1.01 | 12.2% | - |
| Virtu Financial, Inc. | VIRT | $4.4B | 8.97 | 2.66 | 29.6% | 6.10 |
| Peer Median | - | 16.83 | 2.14 | 17.6% | 10.89 | |