Axis Capital Holdings (AXS) Cost of Revenue (2009 - 2026)
Axis Capital Holdings (AXS) reported Cost of Revenue of $867.3 million for Q1 2026, up 10.35% on a YoY basis from $785.9 million in Q1 2025, and up 0.91% sequentially from $859.4 million in Q4 2025.
Axis Capital Holdings (AXS) Cost of Revenue (2009 - 2026) Analysis & Trends
Axis Capital Holdings (AXS) has 18 years of Cost of Revenue data on file, last reported at $867.3 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 10.35% year-over-year to $867.3 million; the trailing twelve-month figure through Mar 2026 stood at $3.4 billion (up 4.79% YoY), and the FY2025 full-year result was $3.3 billion, up 4.12% from the prior year.
- Cost of Revenue climbed to $867.3 million in Q1 2026, from $859.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.2 billion in Q4 2023 to a low of $720.6 million in Q1 2023.
- A 5-year average of $820.6 million and a median of $798.2 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 44.36% in 2023 and declined 27.8% in 2024, its largest moves.
- Tracing AXS's Cost of Revenue over 5 years: stood at $798.2 million in 2022, then soared by 44.36% to $1.2 billion in 2023, then decreased by 27.8% to $832.0 million in 2024, then climbed by 3.3% to $859.4 million in 2025, then increased by 0.91% to $867.3 million in 2026.
- Business Quant data shows AXS's Cost of Revenue at $867.3 million in Q1 2026, $859.4 million in Q4 2025, and $841.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 14.00 Bn | 9.88 Bn | 3.16 Bn | 62.00 Mn |
| 2 | Axis Capital Holdings | 8.67 Bn | 8.14 Bn | 613.18 Mn | 867.28 Mn |
| 3 | First American Financial | 7.85 Bn | 4.73 Bn | 1.77 Bn | 352.10 Mn |
| 4 | Enact Holdings | 6.68 Bn | 6.13 Bn | 205.69 Mn | 37.16 Mn |
| 5 | Mgic Investment | 6.51 Bn | 6.48 Bn | 263.84 Mn | 33.24 Mn |
| 6 | Essent | 6.24 Bn | 6.24 Bn | 211.88 Mn | 48.22 Mn |
| 7 | Radian | 5.36 Bn | 5.30 Bn | 304.36 Mn | 98.17 Mn |
| 8 | Assured Guaranty | 3.83 Bn | 3.31 Bn | 65.00 Mn | 17.00 Mn |
| 9 | NMI Holdings | 3.29 Bn | 3.22 Bn | 134.15 Mn | 20.66 Mn |
| 10 | Employers Holdings | 962.93 Mn | 626.53 Mn | 51.80 Mn | 129.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 867.28 Mn |
| Mar 31, 2026 | 867.28 Mn |
| Dec 31, 2025 | 859.43 Mn |
| Dec 31, 2025 | 859.43 Mn |
| Sep 30, 2025 | 841.44 Mn |
| Sep 30, 2025 | 841.44 Mn |
| Jun 30, 2025 | 801.75 Mn |
| Jun 30, 2025 | 801.75 Mn |
| Mar 31, 2025 | 785.93 Mn |
| Mar 31, 2025 | 785.93 Mn |
| Dec 31, 2024 | 831.96 Mn |
| Dec 31, 2024 | 831.96 Mn |
| Sep 30, 2024 | 831.87 Mn |
| Sep 30, 2024 | 831.87 Mn |
| Jun 30, 2024 | 765.99 Mn |
| Jun 30, 2024 | 765.99 Mn |
| Mar 31, 2024 | 728.67 Mn |
| Mar 31, 2024 | 728.67 Mn |
| Dec 31, 2023 | 1.15 Bn |
| Dec 31, 2023 | 1.15 Bn |