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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 |
| Operating Revenue | - | 705.34 | 890.18 | 1,073.43 | 1,241.77 |
| Selling General And Administration | - | 230.65 | 305.32 | 348.16 | 407.90 |
| Interest Income | - | 659.73 | 1,157.14 | 1,655.61 | 1,815.46 |
| Interest Expense | - | 52.57 | 374.02 | 694.18 | 687.69 |
| Net Interest Income | - | 607.16 | 783.12 | 961.43 | 1,127.77 |
| Pretax Income | - | 339.96 | 431.74 | 635.48 | 613.40 |
| Tax Provision | - | 99.24 | 124.58 | 185.47 | 180.49 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 26.97 | 0 |
| Net Income Continuous Operations | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Net Income From Continuing And Discontinued Operation | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Net Income From Continuing Operation Net Minority Interest | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Net Income | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Net Income Common Stockholders | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Net Income Including Noncontrolling Interests | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Normalized Income | - | 240.72 | 307.17 | 384.58 | 432.91 |
| Diluted NI Availto Com Stockholders | - | 240.72 | 307.17 | 450.01 | 432.91 |
| Basic Average Shares | - | 59.58 | 59.64 | 57.55 | 56.86 |
| Diluted Average Shares | - | 60.63 | 60.58 | 58.75 | 58.24 |
| Reconciled Depreciation | - | 24.60 | 23.39 | 27.09 | 29.02 |
| Total Unusual Items | - | 0 | 0 | 92.40 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | 92.40 | 0 |
| Preferred Stock Dividends | 0.10 | - | - | - | - |
| Special Income Charges | - | 0 | 0 | 92.40 | 0 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | -92.40 | 0 |
| Gain On Sale Of Security | 0 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 24.60 | 23.39 | 27.09 | 29.02 |
| Depreciation And Amortization In Income Statement | - | 24.60 | 23.39 | 27.09 | 29.02 |
| General And Administrative Expense | - | 217.07 | 268.17 | 305.36 | 360.14 |
| Other Gand A | - | 37.85 | 48.37 | 33.94 | 34.63 |
| Salaries And Wages | - | 167.39 | 204.27 | 250.87 | 297.96 |
| Insurance And Claims | - | 11.82 | 15.53 | 20.55 | 27.56 |
| Selling And Marketing Expense | - | 13.58 | 37.15 | 42.80 | 47.76 |
| Otherunder Preferred Stock Dividend | 0.09 | - | - | - | - |
| Occupancy And Equipment | - | 13.74 | 15.65 | 16.70 | 17.70 |
| Professional Expense And Contract Services Expense | - | 22.48 | 29.27 | 36.53 | 37.57 |
| Other Non Interest Expense | - | 50.16 | 60.56 | 69.37 | 80.43 |
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 | $5.0B | 11.52↓ discount | 1.86 | 16.1% | - |
| Atlantic Union Bankshares Corporation | AUB | $5.4B | 19.74 | 1.08 | 5.5% | - |
| Mercury General Corporation | MCY | $5.4B | 9.99 | 2.24 | 22.4% | - |
| MARA Holdings, Inc. | MARA | $5.3B | -4.04 | 1.52 | -37.8% | -15.34 |
| Piper Sandler Companies | PIPR | $5.2B |
| - |
| - |
| - |
| - |
| - |
| 18.51 |
| 3.80 |
| 20.5% |
| - |
| Moelis & Company | MC | $5.1B | 22.10 | 9.06 | 41.0% | 17.18 |
| HA Sustainable Infrastructure Capital, Inc. | HASI | $5.1B | 27.87 | 2.00 | 7.2% | - |
| BGC Group, Inc. | BGC | $5.1B | 32.65 | 5.20 | 15.9% | 14.02 |
| Radian Group Inc. | RDN | $4.5B | 7.67 | 0.93 | 12.2% | - |
| Peer Median | - | 19.13 | 2.12 | 14.1% | 14.02 | |