Axos Financial (AX) Operating Expenses (2010 - 2026)
Axos Financial (AX) posted quarterly Operating Expenses of $186.0 million for Q1 2026, up 27.14% year-over-year from $146.3 million in Q1 2025, and up 0.75% quarter-over-quarter from $184.6 million in Q4 2025.
Axos Financial (AX) Operating Expenses (2010 - 2026) Analysis & Trends
Axos Financial's Operating Expenses history runs 17 years deep, the most recent figure standing at $186.0 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 27.14% year-over-year to $186.0 million; the TTM figure through Mar 2026 stood at $677.4 million (up 16.88% YoY), while the FY2025 annual figure was $589.7 million, up 14.26% from the prior year.
- Operating Expenses for Q1 2026 stood at $186.0 million, up from $184.6 million in the prior quarter.
- The five-year high for Operating Expenses was $186.0 million in Q1 2026, with the low at $86.8 million in Q1 2022.
- The 5-year median for Operating Expenses is $133.2 million (2024), against an average of $133.3 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 37.49% in 2022, then increased 3.81% in 2023.
- Axos Financial's Operating Expenses stood at $108.0 million in 2022, then gained by 12.79% to $121.8 million in 2023, then increased by 19.27% to $145.3 million in 2024, then gained by 27.01% to $184.6 million in 2025, then climbed by 0.75% to $186.0 million in 2026.
- Business Quant data shows AX's Operating Expenses at $186.0 million in Q1 2026, $184.6 million in Q4 2025, and $156.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 2.11 Bn |
| 10 | Axos Financial | 5.45 Bn | 4.09 Bn | - | 185.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 185.95 Mn |
| Dec 31, 2025 | 184.57 Mn |
| Sep 30, 2025 | 156.25 Mn |
| Jun 30, 2025 | 150.65 Mn |
| Mar 31, 2025 | 146.26 Mn |
| Dec 31, 2024 | 145.32 Mn |
| Sep 30, 2024 | 147.47 Mn |
| Jun 30, 2024 | 140.54 Mn |
| Mar 31, 2024 | 133.23 Mn |
| Dec 31, 2023 | 121.84 Mn |
| Sep 30, 2023 | 120.51 Mn |
| Jun 30, 2023 | 112.46 Mn |
| Mar 31, 2023 | 111.04 Mn |
| Dec 31, 2022 | 108.03 Mn |
| Sep 30, 2022 | 116.09 Mn |
| Jun 30, 2022 | 99.54 Mn |
| Mar 31, 2022 | 86.82 Mn |
| Dec 31, 2021 | 86.02 Mn |
| Sep 30, 2021 | 84.43 Mn |
| Jun 30, 2021 | 81.86 Mn |