Axon Enterprise (AXON) Gross Margin (2010 - 2026)
Axon Enterprise (AXON) posted Gross Margin of 60.42% for Q2 2026, up 2.21% on a QoQ basis from 59.12% in Q1 2026, and up 3.0% year-over-year from 58.66% in Q2 2025.
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Analysis
Axon Enterprise (AXON) Gross Margin (2010 - 2026) Analysis & Trends
Axon Enterprise has reported Gross Margin for 17 years, with the latest figure at 60.42% in Q2 2026.
- On a quarterly basis, Gross Margin rose 3.0% year-over-year to 60.42% in Q2 2026; TTM through Jun 2026 was 59.41%, a 106.0% decrease from a year earlier, with the FY2025 full-year figure at 59.65%, up 5.0% from the prior year.
- Gross Margin was 60.42% for Q2 2026 at Axon Enterprise, up from 59.12% in the prior quarter.
- The five-year high for Gross Margin was 62.1% in Q3 2023, with the low at 56.24% in Q1 2024.
- Average Gross Margin over 5 years is 60.32%, with a median of 60.66% recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 314 bps in 2024, then jumped 435 bps in 2025.
- Over 5 years, Gross Margin stood at 60.94% in 2022, then gained by 1 bps to 61.34% in 2023, then declined by 2 bps to 60.13% in 2024, then decreased by 4 bps to 57.9% in 2025, then gained by 4 bps to 60.42% in 2026.
- The last three Gross Margin figures came in at 60.42% (Q2 2026), 59.12% (Q1 2026), and 57.9% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 78.59% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 60.42% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 73.83% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 79.63% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 0.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.42% |
| Mar 31, 2026 | 59.12% |
| Dec 31, 2025 | 57.90% |
| Sep 30, 2025 | 60.14% |
| Jun 30, 2025 | 60.39% |
| Mar 31, 2025 | 60.59% |
| Dec 31, 2024 | 60.13% |
| Sep 30, 2024 | 60.77% |
| Jun 30, 2024 | 60.84% |
| Mar 31, 2024 | 56.24% |
| Dec 31, 2023 | 61.34% |
| Sep 30, 2023 | 62.10% |
| Jun 30, 2023 | 61.80% |
| Mar 31, 2023 | 59.38% |
| Dec 31, 2022 | 60.94% |
| Sep 30, 2022 | 61.99% |
| Jun 30, 2022 | 60.91% |
| Mar 31, 2022 | 60.73% |
| Dec 31, 2021 | 63.63% |
| Sep 30, 2021 | 62.32% |
API Access
Axon Enterprise Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AXON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AXON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AXON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();