Axon Enterprise (AXON) Operating Expenses (2010 - 2026)

Axon Enterprise's Operating Expenses history runs 17 years deep, the most recent figure standing at $448.0 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 19.63% year-over-year to $448.0 million in Q1 2026; TTM through Mar 2026 was $1.8 billion, a 36.38% increase from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 45.43% from the prior year.
• Operating Expenses retreated to $448.0 million in Q1 2026 per AXON's latest filing, from $511.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $511.4 million in Q4 2025 and bottomed at $138.5 million in Q1 2022.
• The 5-year median for Operating Expenses is $242.2 million (2024), against an average of $281.3 million.
• Across the five-year window, Operating Expenses tumbled 34.14% in 2022 and soared 63.44% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $180.9 million in 2022, then rose by 22.31% to $221.2 million in 2023, then surged by 63.44% to $361.6 million in 2024, then jumped by 41.43% to $511.4 million in 2025, then declined by 12.39% to $448.0 million in 2026.
• Per Business Quant, the three latest AXON Operating Expenses figures stand at $448.0 million (Q1 2026), $511.4 million (Q4 2025), and $429.5 million (Q3 2025).