Axon Enterprise (AXON) Gross Margin (2010 - 2026)

Axon Enterprise's Gross Margin history runs 17 years deep, the most recent figure standing at 59.12% for Q1 2026.

• In Q1 2026, Gross Margin fell 147.0% year-over-year to 59.12%; the TTM figure through Mar 2026 stood at 59.32% (down 125.0% YoY), while the FY2025 annual figure was 59.65%, up 5.0% from the prior year.
• Gross Margin was 59.12% for Q1 2026 at Axon Enterprise, up from 57.9% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 62.1% in Q3 2023 to a low of 56.24% in Q1 2024.
• Historically, Gross Margin has averaged 60.31% across 5 years, with a median of 60.73% in 2022.
• The sharpest annual moves came in 2024 and 2025: Gross Margin sank 314 bps in 2024, then soared 435 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 60.94% in 2022, then rose by 1 bps to 61.34% in 2023, then dropped by 2 bps to 60.13% in 2024, then retreated by 4 bps to 57.9% in 2025, then advanced by 2 bps to 59.12% in 2026.
• The last three Gross Margin figures came in at 59.12% (Q1 2026), 57.9% (Q4 2025), and 60.14% (Q3 2025), per Business Quant data.