Axos Financial (AX) Operating Expenses (2010 - 2026)
Axos Financial's (AX) quarterly Operating Expenses came in at $186.0 million in Q1 2026, up 27.14% year-on-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.
- On a quarterly basis, Operating Expenses rose 27.14% year-over-year to $186.0 million in Q1 2026; TTM through Mar 2026 was $677.4 million, a 16.88% increase from a year earlier, with the FY2025 full-year figure at $589.7 million, up 14.26% from the prior year.
- Operating Expenses rose to $186.0 million in Q1 2026 per AX's latest filing, from $184.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $186.0 million in Q1 2026 and bottomed 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.
- Across the five-year window, Operating Expenses surged 37.49% in 2022 and advanced 3.81% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $108.0 million in 2022, then advanced by 12.79% to $121.8 million in 2023, then rose by 19.27% to $145.3 million in 2024, then advanced by 27.01% to $184.6 million in 2025, then grew by 0.75% to $186.0 million in 2026.
- Per Business Quant, the three latest AX Operating Expenses figures stand at $186.0 million (Q1 2026), $184.6 million (Q4 2025), and $156.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | -20.00 Mn |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | -1.06 Bn |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | -287,925.00 |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | -3.86 Bn |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | 7.75 Mn |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 11.90 Mn |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | -2.75 Bn |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | 3.77 Bn |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | 4.27 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 |