Axon Enterprise AXON
NASDAQ AXON
$490.00 -15.43 (-3.05%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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