Axon Enterprise (AXON) Cost of Revenue (2010 - 2026)
Axon Enterprise (AXON) posted Cost of Revenue of $357.9 million for Q2 2026, up 8.45% on a QoQ basis from $330.1 million in Q1 2026, and up 35.18% year-over-year from $264.8 million in Q2 2025.
Analysis
Axon Enterprise (AXON) Cost of Revenue (2010 - 2026) Analysis & Trends
Axon Enterprise has reported Cost of Revenue for 17 years, with the latest figure at $357.9 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 35.18% year-over-year to $357.9 million in Q2 2026; TTM through Jun 2026 was $1.3 billion, a 38.2% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 33.32% from the prior year.
- Cost of Revenue was $357.9 million for Q2 2026 at Axon Enterprise, up from $330.1 million in the prior quarter.
- The five-year high for Cost of Revenue was $357.9 million in Q2 2026, with the low at $100.7 million in Q1 2022.
- Average Cost of Revenue over 5 years is $206.5 million, with a median of $199.2 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue soared 62.82% in 2022, then gained 18.21% in 2025.
- Over 5 years, Cost of Revenue stood at $130.2 million in 2022, then rose by 27.8% to $166.4 million in 2023, then soared by 37.81% to $229.3 million in 2024, then surged by 46.29% to $335.4 million in 2025, then increased by 6.71% to $357.9 million in 2026.
- The last three Cost of Revenue figures came in at $357.9 million (Q2 2026), $330.1 million (Q1 2026), and $335.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 268.17 Bn | 265.06 Bn | 2.03 Bn | 974.00 Mn |
| 2 | CrowdStrike Holdings | 211.89 Bn | 206.87 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 115.13 Bn | 111.06 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Axon Enterprise | 39.46 Bn | 38.79 Bn | 546.45 Mn | 357.94 Mn |
| 5 | Zscaler | 26.67 Bn | 23.19 Bn | - | - |
| 6 | F5 | 22.95 Bn | 21.35 Bn | 711.51 Mn | 153.56 Mn |
| 7 | Rubrik | 18.37 Bn | 16.62 Bn | 335.12 Mn | 92.14 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 307.00 Mn |
| 9 | Check Point Software Technologies | 14.48 Bn | 12.20 Bn | 574.10 Mn | 99.50 Mn |
| 10 | SentinelOne | 6.65 Bn | 6.00 Bn | 210.42 Mn | 81.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 357.94 Mn |
| Mar 31, 2026 | 330.06 Mn |
| Dec 31, 2025 | 335.43 Mn |
| Sep 30, 2025 | 283.29 Mn |
| Jun 30, 2025 | 264.80 Mn |
| Mar 31, 2025 | 237.89 Mn |
| Dec 31, 2024 | 229.30 Mn |
| Sep 30, 2024 | 213.53 Mn |
| Jun 30, 2024 | 197.08 Mn |
| Mar 31, 2024 | 201.24 Mn |
| Dec 31, 2023 | 166.38 Mn |
| Sep 30, 2023 | 156.62 Mn |
| Jun 30, 2023 | 142.36 Mn |
| Mar 31, 2023 | 139.88 Mn |
| Dec 31, 2022 | 130.20 Mn |
| Sep 30, 2022 | 118.50 Mn |
| Jun 30, 2022 | 111.65 Mn |
| Mar 31, 2022 | 100.69 Mn |
| Dec 31, 2021 | 79.96 Mn |
| Sep 30, 2021 | 87.42 Mn |