Axon Enterprise (AXON) Invested Capital (2011 - 2026)
Axon Enterprise (AXON) reported Invested Capital of $6.63 billion for Q3 2026, up 31.7% from $5.04 billion a year earlier and up 22.7% from the prior quarter.
Powered by 
Analysis
Axon Enterprise (AXON) Invested Capital (2011 - 2026) Analysis & Trends
For FY2025, Axon Enterprise posted Invested Capital of $5.05 billion, up 68.0% from FY2024.
- By year, Invested Capital came in at $3.01 billion in FY2024 (+86.2%) and $1.62 billion in FY2023.
- The Q3 2026 figure ranks as the highest quarterly Invested Capital in data going back to Q2 2011.
- Year over year, Invested Capital has now increased in each of the last five quarters, with growth averaging 54.1% over the last seven quarters.
- Per Business Quant data, the three quarters before Q3 2026 came in at $5.41 billion (Q2 2026), $5.27 billion (Q1 2026) and $5.05 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 262.63 Bn | 247.70 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 232.03 Bn | 212.47 Bn | 1.10 Bn | 5.89 Bn |
| 3 | Snowflake | 102.55 Bn | 89.87 Bn | 1.04 Bn | - |
| 4 | Fortinet | 93.46 Bn | 77.71 Bn | 1.64 Bn | 2.74 Bn |
| 5 | Datadog | 66.49 Bn | 47.03 Bn | 959.92 Mn | - |
| 6 | Zscaler | 31.38 Bn | 17.54 Bn | 689.22 Mn | - |
| 7 | Okta | 30.56 Bn | 22.72 Bn | 641.00 Mn | 6.97 Bn |
| 8 | MongoDB | 26.92 Bn | 17.39 Bn | 569.77 Mn | - |
| 9 | Baidu | 26.59 Bn | -46.85 Bn | 1.80 Bn | 52.45 Bn |
| 10 | Axon Enterprise | 25.68 Bn | 20.94 Bn | 514.98 Mn | 6.63 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.63 Bn |
| Jun 30, 2026 | 5.41 Bn |
| Mar 31, 2026 | 5.27 Bn |
| Dec 31, 2025 | 5.05 Bn |
| Sep 30, 2025 | 5.04 Bn |
| Jun 30, 2025 | 4.74 Bn |
| Mar 31, 2025 | 4.56 Bn |
| Dec 31, 2024 | 3.01 Bn |
| Sep 30, 2024 | 2.78 Bn |
| Mar 31, 2024 | 2.50 Bn |
| Dec 31, 2023 | 1.62 Bn |
| Jun 30, 2021 | 1.10 Bn |
| Sep 30, 2016 | 141.38 Mn |
| Jun 30, 2016 | 134.49 Mn |
| Mar 31, 2016 | 153.30 Mn |
| Dec 31, 2015 | 157.17 Mn |
| Sep 30, 2015 | 149.58 Mn |
| Dec 31, 2014 | 129.17 Mn |
| Jun 30, 2011 | 115.33 Mn |
API Access
Axon Enterprise Invested Capital 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=invested-capital&ticker=AXON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=AXON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();