Axos Financial (AX) Operating Expenses (2010 - 2026)
Axos Financial (AX) posted Operating Expenses of $205.9 million for Q2 2026, up 10.75% on a QoQ basis from $186.0 million in Q1 2026, and up 36.7% year-over-year from $150.7 million in Q2 2025.
Analysis
Axos Financial (AX) Operating Expenses (2010 - 2026) Analysis & Trends
Axos Financial has reported Operating Expenses for 17 years, with the latest figure at $205.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 36.7% year-over-year to $205.9 million in Q2 2026; TTM through Jun 2026 was $732.7 million, a 24.25% increase from a year earlier, with the FY2026 full-year figure at $732.7 million, up 24.25% from the prior year.
- Operating Expenses was $205.9 million for Q2 2026 at Axos Financial, up from $186.0 million in the prior quarter.
- The five-year high for Operating Expenses was $205.9 million in Q2 2026, with the low at $86.8 million in Q1 2022.
- Average Operating Expenses over 5 years is $137.4 million, with a median of $136.9 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 37.49% in 2022, then gained 3.81% in 2023.
- Over 5 years, Operating Expenses stood at $108.0 million in 2022, then climbed by 12.79% to $121.8 million in 2023, then gained by 19.27% to $145.3 million in 2024, then climbed by 27.01% to $184.6 million in 2025, then rose by 11.58% to $205.9 million in 2026.
- The last three Operating Expenses figures came in at $205.9 million (Q2 2026), $186.0 million (Q1 2026), and $184.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Morgan Stanley | 342.23 Bn | 182.09 Bn | - | 13.90 Bn |
| 3 | Goldman Sachs | 302.60 Bn | -673.74 Bn | - | 11.67 Bn |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 17.50 Bn |
| 5 | Royal Bank Of Canada | 295.00 Bn | 68.16 Bn | - | 7.02 Bn |
| 6 | Wells Fargo & Company | 272.35 Bn | 70.52 Bn | - | 13.66 Bn |
| 7 | American Express | 220.11 Bn | 170.79 Bn | 17.99 Bn | 14.48 Bn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | -7.44 Bn |
| 9 | Toronto Dominion Bank | 205.51 Bn | 44.18 Bn | - | 6.08 Bn |
| 10 | Axos Financial | 5.56 Bn | 4.25 Bn | - | 205.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 205.95 Mn |
| 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 |