Axon Enterprise (AXON) Operating Expenses (2010 - 2026)
Axon Enterprise (AXON) posted quarterly Operating Expenses of $448.0 million for Q1 2026, up 19.63% year-over-year from $374.5 million in Q1 2025, and down 12.39% quarter-over-quarter from $511.4 million in Q4 2025.
Axon Enterprise (AXON) Operating Expenses (2010 - 2026) Analysis & Trends
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 for Q1 2026 stood at $448.0 million, down from $511.4 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.
- The 5-year median for Operating Expenses is $242.2 million (2024), against an average of $281.3 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses slumped 34.14% in 2022, then soared 63.44% in 2024.
- Axon Enterprise's Operating Expenses stood at $180.9 million in 2022, then increased by 22.31% to $221.2 million in 2023, then jumped by 63.44% to $361.6 million in 2024, then soared by 41.43% to $511.4 million in 2025, then dropped by 12.39% to $448.0 million in 2026.
- Business Quant data shows AXON's Operating Expenses at $448.0 million in Q1 2026, $511.4 million in Q4 2025, and $429.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 363.34 Bn | 354.00 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 284.50 Bn | 276.19 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 168.91 Bn | 148.89 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 130.51 Bn | 126.72 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.04 Bn | 108.48 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 103.33 Bn | 99.00 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 78.35 Bn | 76.04 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 68.56 Bn | 65.78 Bn | 1.63 Bn | 332.00 Mn |
| 9 | Axon Enterprise | 50.72 Bn | 50.05 Bn | 546.45 Mn | 499.67 Mn |
| 10 | L3Harris Technologies | 49.80 Bn | 48.28 Bn | 1.50 Bn | 848.00 Mn |
Historic Data
Download 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 |