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.

• In Q1 2026, Operating Expenses rose 19.63% year-over-year to $448.0 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 36.38% YoY), while the FY2025 annual figure was $1.7 billion, up 45.43% from the prior year.
• Operating Expenses was $448.0 million for Q1 2026 at Axon Enterprise, down from $511.4 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $511.4 million in Q4 2025 to a low of $138.5 million in Q1 2022.
• Historically, Operating Expenses has averaged $281.3 million across 5 years, with a median of $242.2 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses tumbled 34.14% in 2022, then jumped 63.44% in 2024.
• A 5-year view of Operating Expenses shows it 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.
• The last three Operating Expenses figures came in at $448.0 million (Q1 2026), $511.4 million (Q4 2025), and $429.5 million (Q3 2025), per Business Quant data.