Axon Enterprise (AXON) Operating Leases (2021 - 2026)
Axon Enterprise's Operating Leases was $101.66 million in Q2 2026, up 133.0% from $43.64 million a year earlier and up 4.6% from the prior quarter.
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Analysis
Axon Enterprise (AXON) Operating Leases (2021 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Axon Enterprise came in at $98.94 million, up 139.1% from FY2024.
- Operating Leases shows a four-year compound annual growth rate of 48.3% (FY2021 to FY2025).
- In earlier years, Operating Leases was $41.38 million in FY2024 (+23.3%), $33.55 million in FY2023 (-9.7%), $37.14 million in FY2022 (+81.7%) and $20.44 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Operating Leases in data going back to Q4 2021.
- Compared with a year earlier, Operating Leases has increased for nine straight quarters, with growth averaging 75.2% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q1 2026 (growth of 142.9%); the worst was Q4 2023 (a decline of 9.7%).
- Per Business Quant data, AXON's Operating Leases in the three quarters before Q2 2026 was $97.18 million (Q1 2026), $98.94 million (Q4 2025) and $90.21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 260.75 Bn | 245.82 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 240.49 Bn | 220.89 Bn | 1.10 Bn |
| 3 | Fortinet | 126.20 Bn | 112.13 Bn | 1.64 Bn |
| 4 | Snowflake | 113.29 Bn | 100.60 Bn | 1.04 Bn |
| 5 | Datadog | 98.07 Bn | 79.71 Bn | 881.34 Mn |
| 6 | Zscaler | 36.13 Bn | 22.25 Bn | - |
| 7 | Okta | 35.83 Bn | 25.93 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 31.81 Bn | 26.33 Bn | 546.45 Mn |
| 9 | MongoDB | 30.63 Bn | 21.10 Bn | 569.77 Mn |
| 10 | F5 | 25.98 Bn | 20.39 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 101.66 Mn |
| Mar 31, 2026 | 97.18 Mn |
| Dec 31, 2025 | 98.94 Mn |
| Sep 30, 2025 | 90.21 Mn |
| Jun 30, 2025 | 43.64 Mn |
| Mar 31, 2025 | 40.02 Mn |
| Dec 31, 2024 | 41.38 Mn |
| Sep 30, 2024 | 41.22 Mn |
| Jun 30, 2024 | 41.71 Mn |
| Mar 31, 2024 | 32.55 Mn |
| Dec 31, 2023 | 33.55 Mn |
| Sep 30, 2023 | 35.33 Mn |
| Jun 30, 2023 | 33.99 Mn |
| Mar 31, 2023 | 35.05 Mn |
| Dec 31, 2022 | 37.14 Mn |
| Sep 30, 2022 | 16.31 Mn |
| Jun 30, 2022 | 18.21 Mn |
| Mar 31, 2022 | 20.11 Mn |
| Dec 31, 2021 | 20.44 Mn |
API Access
Axon Enterprise Operating Leases 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-leases&ticker=AXON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=AXON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();