Axon Enterprise (AXON) Operating Expenses (2010 - 2026)
Axon Enterprise (AXON) posted Operating Expenses of $499.7 million for Q2 2026, up 11.52% on a QoQ basis from $448.0 million in Q1 2026, and up 23.44% year-over-year from $404.8 million in Q2 2025.
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Analysis
Axon Enterprise (AXON) Operating Expenses (2010 - 2026) Analysis & Trends
Axon Enterprise has reported Operating Expenses for 17 years, with the latest figure at $499.7 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 23.44% year-over-year to $499.7 million in Q2 2026; TTM through Jun 2026 was $1.9 billion, a 30.47% increase from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 45.43% from the prior year.
- Operating Expenses was $499.7 million for Q2 2026 at Axon Enterprise, up from $448.0 million in the prior quarter.
- The five-year high for Operating Expenses was $511.4 million in Q4 2025, with the low at $138.5 million in Q1 2022.
- Average Operating Expenses over 5 years is $293.5 million, with a median of $257.3 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses slumped 34.14% in 2022, then surged 63.44% in 2024.
- Over 5 years, Operating Expenses stood at $180.9 million in 2022, then gained by 22.31% to $221.2 million in 2023, then soared by 63.44% to $361.6 million in 2024, then surged by 41.43% to $511.4 million in 2025, then retreated by 2.3% to $499.7 million in 2026.
- The last three Operating Expenses figures came in at $499.7 million (Q2 2026), $448.0 million (Q1 2026), and $511.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 2.13 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 1.30 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 875.89 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 499.67 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 541.37 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 534.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 4.17 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 499.67 Mn |
| Mar 31, 2026 | 448.04 Mn |
| Dec 31, 2025 | 511.41 Mn |
| Sep 30, 2025 | 429.48 Mn |
| Jun 30, 2025 | 404.78 Mn |
| Mar 31, 2025 | 374.53 Mn |
| Dec 31, 2024 | 361.60 Mn |
| Sep 30, 2024 | 306.67 Mn |
| Jun 30, 2024 | 272.40 Mn |
| Mar 31, 2024 | 242.17 Mn |
| Dec 31, 2023 | 221.25 Mn |
| Sep 30, 2023 | 199.24 Mn |
| Jun 30, 2023 | 191.25 Mn |
| Mar 31, 2023 | 186.87 Mn |
| Dec 31, 2022 | 180.89 Mn |
| Sep 30, 2022 | 161.15 Mn |
| Jun 30, 2022 | 152.55 Mn |
| Mar 31, 2022 | 138.55 Mn |
| Dec 31, 2021 | 161.97 Mn |
| Sep 30, 2021 | 141.68 Mn |
API Access
Axon Enterprise Operating Expenses 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=operating-expenses&ticker=AXON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=AXON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();