Axon Enterprise (AXON) Operating Margin (2010 - 2026)
Axon Enterprise (AXON) posted Operating Margin of 5.17% for Q2 2026, up 42.8% on a QoQ basis from 3.62% in Q1 2026, and up 533.0% year-over-year from 0.82% in Q2 2025.
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Axon Enterprise (AXON) Operating Margin (2010 - 2026) Analysis & Trends
Axon Enterprise has reported Operating Margin for 17 years, with the latest figure at 5.17% in Q2 2026.
- On a quarterly basis, Operating Margin rose 533.0% year-over-year to 5.17% in Q2 2026; TTM through Jun 2026 was 0.74%, a 80.0% increase from a year earlier, with the FY2025 full-year figure at 2.23%, down 504.0% from the prior year.
- Operating Margin was 5.17% for Q2 2026 at Axon Enterprise, up from 3.62% in the prior quarter.
- The five-year high for Operating Margin was 13.89% in Q3 2023, with the low at 6.29% in Q4 2025.
- Average Operating Margin over 5 years is 4.62%, with a median of 5.14% recorded in 2026.
- The sharpest annual moves came in 2022 and 2024: Operating Margin soared 5032 bps in 2022, then sank 1267 bps in 2024.
- Over 5 years, Operating Margin stood at 6.68% in 2022, then jumped by 49 bps to 9.93% in 2023, then slumped by 128 bps to 2.74% in 2024, then tumbled by 130 bps to 6.29% in 2025, then soared by 182 bps to 5.17% in 2026.
- The last three Operating Margin figures came in at 5.17% (Q2 2026), 3.62% (Q1 2026), and 6.29% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 268.17 Bn | 265.06 Bn | 2.03 Bn | -6.10% |
| 2 | CrowdStrike Holdings | 211.89 Bn | 206.87 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 115.13 Bn | 111.06 Bn | 1.64 Bn | 33.66% |
| 4 | Axon Enterprise | 39.46 Bn | 38.79 Bn | 546.45 Mn | 5.17% |
| 5 | Zscaler | 26.67 Bn | 23.19 Bn | - | - |
| 6 | F5 | 22.95 Bn | 21.35 Bn | 711.51 Mn | 24.65% |
| 7 | Rubrik | 18.37 Bn | 16.62 Bn | 335.12 Mn | -16.83% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 33.16% |
| 9 | Check Point Software Technologies | 14.48 Bn | 12.20 Bn | 574.10 Mn | 27.48% |
| 10 | SentinelOne | 6.65 Bn | 6.00 Bn | 210.42 Mn | -31.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.17% |
| Mar 31, 2026 | 3.62% |
| Dec 31, 2025 | -6.29% |
| Sep 30, 2025 | -0.30% |
| Jun 30, 2025 | -0.15% |
| Mar 31, 2025 | -1.46% |
| Dec 31, 2024 | -2.74% |
| Sep 30, 2024 | 4.42% |
| Jun 30, 2024 | 6.71% |
| Mar 31, 2024 | 3.58% |
| Dec 31, 2023 | 9.93% |
| Sep 30, 2023 | 13.89% |
| Jun 30, 2023 | 10.49% |
| Mar 31, 2023 | 5.11% |
| Dec 31, 2022 | 6.68% |
| Sep 30, 2022 | 10.30% |
| Jun 30, 2022 | 7.50% |
| Mar 31, 2022 | 6.71% |
| Dec 31, 2021 | -10.05% |
| Sep 30, 2021 | 1.25% |