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
DateValue
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